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MGM Resorts to Lay Off 18,000 Amid Slow Comeback for Casinos

  • Cuts impact more than one-quarter of the company’s workforce
  • Visitors to Las Vegas slumped 61% in July from a year ago
MGM Resorts International Hotels Ahead Of Earnings Figures
Photographer: Roger Kisby/Bloomberg
Updated on

MGM Resorts International is sending pink slips to about 18,000 employees, more than one-quarter of its pre-pandemic U.S. workforce, due to the slow recovery of some casino markets.

The cuts, while centered in Las Vegas, are happening nationwide, the company said on Friday. MGM, the largest operator of casinos on the Las Vegas Strip, has been struggling to fill its rooms and casinos since Nevada began reopening in early June. Two of the company’s casinos, the Park MGM in Las Vegas and Empire City in New York, remain closed.