Casino News

Wynn Resorts jobs 'are safe despite economy'

2008-05-02 16:43:13

Workers at Wynn Resorts' casinos do not need to be scared about being laid off due to the economy's effects upon the gaming industry.

At least this is what owner Steve Wynn has said, as he stressed his business will not follow fellow gaming companies such as MGM Mirage and Harrah's Entertainment, who have already announced they are to give hundreds of employees the sack.

The Las Vegas Review-Journal quoted the billionaire as saying: "I am telling anybody who is interested in our company that under no circumstances will I give any consideration, even for a second, to changing our service levels or disrupting our workforce."

Wynn has had close links with MGM Mirage in the past, being the man behind a number of Mirage resorts before the company merged with MGM a few years ago.

He only owns two casinos now, but this has not stopped his company from being hit by the credit crunch, which has reduced net income by 20 per cent in the first quarter of 2008.