US EditionLas Vegas casinos unwilling to gamble with weakening economy
- Las Vegas casinos began tightening budgets and laying off employees in 2024 amid slowing post-pandemic growth on the Strip, the largest U.S. Gaming market.
- This shift follows a long-term trend toward leaner operations starting during the Great Recession and accelerated by rising union contracts and staffing increases statewide.
- MGM Resorts cut several dozen jobs in multiple rounds and eliminated concierge roles in six of nine Strip locations while expanding AI services that manage over 70,000 monthly conversations.
- A report published in April 2024 highlighted that revenue growth in casinos has outpaced payroll increases, as advancements in technology are enabling greater operational efficiency at reduced costs.
- Despite a nationwide gambling revenue record of $71.9 billion and a Strip rebound since 2021, declining local income and job risks suggest casinos continue adjusting to market pressures from online gambling and automation.
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Las Vegas casinos unwilling to gamble with weakening economy - Washington Examiner
(The Center Square) — Las Vegas casinos are betting on tighter budgets for their operations as a post-pandemic boom slows and morphs into a trickle of layoffs. Even as the country gambles at historic levels, casino employees are at risk of losing their jobs. “This seems to be part of a long-term trend to try to keep leaner operations that began during the [Great] Recession,” Amanda Belarmino, an assistant professor at University of Nevada at Las…
·Washington, United States
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Total News Sources50
Leaning Left7Leaning Right12Center10Last UpdatedBias Distribution41% Right
Bias Distribution
- 41% of the sources lean Right
41% Right
L 24%
C 34%
R 41%
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