Las Vegas Casinos Feeling the Recession?
The normally spendthrift vacationers of Vegas have tightened up their purse strings.
MGM Mirage Inc., the largest casino holder in Las Vegas, recently eliminated over 400 middle management positions.
The firings are apparently part of a cost-cutting plan initiated due to the declining U.S. economy.
In a statement MGM Mirage spokesman, Alan Feldman, said, "We were able to see the signs of trouble on the economic horizon last August. The economy was beginning to worsen and clearly was not going to get better in the immediate term."
Consequently Vegas vacationers are increasingly refusing to buy the proverbial Christmas goose.
Feldman continued, "Instead of four days, people stay for three. Instead of a five-star experience, they are going for four stars. Instead of two shows, they're going to one."
Perhaps it’s not the economy at all though. Perhaps they’ve just discovered that they can bet on sports, play poker and enjoy all the thrills of the casino all from the comfort of their own home at Bodog.
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