MGM Mirage fires over 400 middle managers

[winbig]

Originally Posted by Mousey

Yah, but it's also legal for you guys to play online -- even have B&M casinos with online sites, right? And is it usual for Brits to drive over 6 or 7 hours just to get to the nearest casino?

Not to mention the best subway system in the world, which alleviates even needing to have a car most of the time.

[Mousey]

Getting back to MGM.... When they took over Mandalay Bay properties, they got the Tunica Gold Strike. Everything was fine for a while as they gradually made a few changes. (This was a few years ago, now.) And then bam... We show up, check into our comped room, and found out at the players card desk that no, we had no points, we had been over comped and we couldn't get a meal comp till we'd played enough. (While I don't dispute the casino's right to put their own comp policies into place, I don't appreciate being slapped in the face and being penalized for what occurred -legitimately! I might add- under the former comp system.)

MGM had brought their 'own' suits in from Vegas, fired the existing mgmt, locking their offices, and put them out on the street after being escorted to their desks to retrieve personal belongings. Also out on the street were a few casino hosts (not the one who had 'over comped' us) along with many others further down the food chain.

That's the way they do business. There is no notice given of firings as they don't want to give disgruntled managers and employees time to wreak havoc w/ accounts and computers or copy player files, make notes, etc.

I think we stayed there one more time after that, used their offers, played little, and moved on (we now call Sam's Town 'home'). We didn't recognize anybody anymore. From dealers to cocktail waitresses to hotel desk clerks, all we saw were new faces.

[jetset]

Some pretty depressing assessments of the immediate future of Vegas gambling companies from Wall Street this week, also Connecticutt land casinos - the consensus seems to be that things are going to get tougher.

Reading this thread, we're all clearly starting to feel the pressure of rising prices across critical expenditures, especially energy, fuel and food, and the concerns on inflation are very real. With consumers under pressure, savings are likely to decline and that's bad news for most economies, too.

There have been food riots in some countries, and it looks as if the general trend of societies to urbanise could be creating food production problems.

Merril Lynch announced 4 000 lay offs yesterday!

Not an auspicious first decade of the 21st century.

[Mousey]

I read somewhere during the weekend (don't have the link handy) that 100 of the 400 fired MGM managers were let go from Mississippi casinos: Biloxi (Beau Rivage) and Tunica (Gold Strike). No numbers were given for how many at each, but w/the Beau being the larger property I imagine the number fired reflects that.