Comments by user: fenwaysoxfan
Las Vegas is a luxury and like every other luxury in a recession, demand goes down. The casino operators will be fine it's the little guys, the hourly tipped employees that are taking a beating.
I've worked the past 30 years on the LV strip and 5 of those years for MGM-Mirage. Great company to work for (the best in my opinion) and it's sad to see what's happening because of this economy. When the media mentions "bonuses" people think of multi million dollar CEO type bonuses, but the truth is most of the bonuses go to salaried supervisors/managers who work their butts off all year and rely on those bonuses to pay for X-Mas, pay bills and raise a family. I don't get a bonus but I see the people who do everyday and believe me they earn it!
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It seems America still loves to see rich and powerful people fall (Adelson). And besides, the casinos hold a gun to your head and force you to gamble then they take your money. Before we crucify them all, can we take a minute to consider the over 10,000 people who make a living off of Adelsons' investment. Granted, Vegas has gotten greedier since it's gone corporate but there are a lot of innocent bystanders that are going down with these casinos.