The spillover effect from our national economic downturn has finally started to impact Las Vegas, and casino layoffs have officially begun (as I’ve been forecasting for some time):
MGM Mirage layoffs blamed on penny-pinching vacationers:
MGM Mirage Inc., the largest casino operator on the Las Vegas Strip, told more than 400 middle management employees they would be terminated immediately in a cost-saving move, the company said.
The decision will save $75 million annually and came after the company saw weakness since August at its properties, which include Bellagio, MGM Grand, Mirage and Mandalay Bay, spokesman Alan Feldman told The Associated Press on Monday.
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