As the spread of the coronavirus continues to wreak havoc on the gaming market, companies are starting to reduce executive-level positions.
According to a report from the Las Vegas Review-Journal, MGM Resorts sacked four hotel presidents in charge of various Las Vegas Strip properties. Randy Morton of Bellagio, Cindy Kiser of New York-New York, Cliff Atkinson of Luxor, and Eric Fitzgerald of Excalibur have all been laid off, according to a source.
MGM spokesman Brian Ahern confirmed the rumors with LVRJ, saying that “property leadership has changed.”
Since the nationwide closure of casinos began in mid-March, MGM has laid off and injured more than 63,000 employees. The gaming giant revealed last week that it is losing $ 270 million for each month that US properties remain closed but head over to the Temanpoker Site.
Las Vegas Strip casinos have been closed since March 18 after Governor Steve Sisolak closed statewide non-essential businesses on March 17. Sisolak announced last week that the businesses would start reopening during the multi-phase “Roadmap to Recovery,” but the casinos would not reopen. at the start of phase one.
As Strip Casino reopens, it’s likely that the company will slowly reopen certain properties instead of all at once. Station Casinos announced on Sunday that it will close several Las Vegas casinos when it begins the reopening process.
The Palms Casino, Fiesta Henderson, Fiesta Rancho and Texas Station will remain closed, while the rest of its Las Vegas portfolio begins to reopen. CEO Frank Fertitta announced that the company would lay off “a significant but undetermined number of employees,” according to an Associated Press report.
In an earnings call last Thursday, acting CEO of MGM Resorts said that New York-New York and Bellagio would be the first two properties to reopen, despite losing their hotel president.
According to Ahern, as MGM moves forward, each hotel president will be responsible for two or three properties each.
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