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Casino operator MGM Resorts plans to lay off 18,000 furloughed workers in the United States as a global travel slowdown from the coronavirus crisis hurt its operations, the Wall Street Journal reported on Friday. The job cuts will start Monday, the report said. The company had about 52,000 full-time and 18,000 part-time employees in the …
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IAC, the media conglomerate which operates Dotdash and Vimeo, has taken a 12 percent stake in Las Vegas hotel and casino giant, MGM Resorts, worth approximately $1 billion. IAC chairman and senior executive Barry Diller said his company was attracted to MGM, which owns resorts like The Mirage, The Excalibur and Luxor, for its online …
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The stakes are higher than ever. Gamblers flocked to casinos in Las Vegas Thursday as the city reopened for the first time since the Strip went dark amid the coronavirus crisis in March. “It’s just been months of us trying to get here,” Bobbi Carlisle of Phoenix, told USA Today. “Now we’re here, and we’re …
Casino operator MGM Resorts plans to lay off 18,000 furloughed workers in the United States as a global travel slowdown from the coronavirus crisis hurt its operations, the Wall Street Journal reported on Friday. The job cuts will start Monday, the report said. The company had about 52,000 full-time and 18,000 part-time employees in the …
