Reuters reported today that Harrah’s and MGM have each cut about 1,500 Las Vegas jobs over the past year.
It is no shocker that the job losses were caused by the economic downturn caused by home foreclosures and high gasoline prices. The casinos are all discounting room rates and offering special, and often comped, room rates.
Interestingly enough, Reuters reported earlier in the day that Las Vegas continues to open up new properties during the economic downturn.
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