When asked about the latest management reshuffle at MGM, Anthony Cabot, Distinguished Fellow of Gaming Law at UNLV\u2019s Boyd School of Law, noted that \u201cmost of the major casino companies have the same issue: how to reduce costs until business can return to normal in about six months.\u201d<\/p>\n
Coronavirus vaccines could be widely available nationally in several months. But a recent surge in cases is threatening a limited recovery in the gaming sector.<\/p>\n
Last month, Sisolak ordered that Nevada casinos and restaurants lower their capacity to 25 percent from the earlier 50 percent. That new directive lasts for at least three weeks.<\/p>\n
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If the COVID-19 spike does not improve, Sisolak later could impose further restrictions on non-essential businesses. Nevada casinos and other non-essential businesses were shuttered for several months earlier this year in an effort to curb the spread of the virus.<\/p>\n<\/div>\n
On Sunday, Nevada officials reported 2,511 new cases of COVID-19 and 14 more deaths.\u00a0Since the outbreak began, the state has seen 168,139 cases of the virus. Total deaths are now 2,315.<\/strong><\/p>\nPrior Cuts, Management Plans<\/h2>\n
Recently, due to lower demand associated with the pandemic, MGM Resorts announced midweek closures at several Las Vegas hotel properties through at least the end of this month. These include the Mirage and Mandalay Bay.<\/p>\n
Earlier, Park MGM closed its hotel tower Mondays through Thursdays. But casinos and restaurants remain open midweek at the three properties. In August, MGM laid off 18,000 furloughed workers. Prior to the coronavirus pandemic, MGM Resorts employed 70,000 workers in the US.<\/p>\n
In 2019, well before the pandemic, MGM Resorts laid off 254 managers as part of an effort to reduce labor costs by $100 million.<\/strong><\/p>\nCasino.org<\/em> reached out to an MGM spokesman about the company\u2019s latest management reshuffle, but did not hear back immediately.<\/p>\nLast week, Virgin Hotels Las Vegas<\/a> announced that its planned opening of its gaming property was delayed again because of the conditions associated with the pandemic.<\/p>\n","protected":false},"excerpt":{"rendered":"MGM Resorts International once again has reshuffled its top management in the midst of the coronavirus pandemic. The move comes as Nevada’s casino operators face an uncertain future, given that additional COVID-19 restrictions are being weighed by Gov. Steve Sisolak (D). Under the company\u2019s reassignment plan, Corey Sanders is returning to the post of chief […]<\/p>\n","protected":false},"author":44,"featured_media":157600,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[33810],"tags":[],"acf":[],"yoast_head":"\n
MGM Resorts Reassigns Managers, Awaits Word on COVID Restrictions<\/title>\n\n\n\n\n\n\n\n\n\n\n\n\n\t\n\t\n\t\n\n\n\n\n\n\t\n\t\n\t\n