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Independence Day - Promo Code 4JULY15

Entries in Binions (1)

Friday
Nov182011

Resort Jobs Not Coming Back Soon

Since the recession started few places were hit as bad as Las Vegas with the huge collapse in real estate there as well as the drop in visitor spending since the downturn. The hotel resorts have laid off thousands of employees and this started before the downturn as the casino’s used technology to get rid of positions such as people in change booths or change runners. The companies are also trying to use technology such as mini roulette which only uses one employee instead of several and slot point’s redemption machines which will cut down people in the slot club desks. I don’t see the casino companies slowing down on using technology to replace employees where possible these jobs won’t return. In recent week there has been a lot of press about the “Plaza” reopening with 800 new jobs and the Octavuis Tower opening at “Caesars Palace” but that won’t take up the slack for the thousands laid off before. The “Plaza” reopening is good for downtown and the city but you have to remember when it closed to remodel the employees were laid off as well as the employees in the “Lady Luck”,“Binion’s” hotel the “Sahara” and this week the loss of up to 90 jobs at the “Western.” Las Vegas will come back it always does but it could take longer that the rest of the country, time will tell on that note.