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35
Can’t find the original TikTok/Youtube short, but MGM has been doing mass layoffs at most of their Vegas properties, and might get worse because of a projected drop in Vegas tourism (www.reddit.com)
posted 1 year ago by redman012 1 year ago by redman012 +35 / -0
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▲ 8 ▼
– JustHereForTheSalmon 8 points 1 year ago +8 / -0

There's a lot wrong with "high" gambling. Corporate control has lead to accountants running the show:

  • Slots generate the most profits with their unnatural synthetic stimulation. They're the porn of gambling, and dominate floor place, because opportunity cost.

  • The games have always been slanted towards the casino, but it's completely ridiculous now. Roulette with triple zero. 5:6 "Blackjack"-like game with continuous shufflers and ridiculous minimums. Poker rake has never been higher. Over time you'll never come out ahead, but fewer short term big wins farther apart is just less fun.

  • "Why give away for free what people will pay for?" rules the day. Free buffets gave way to $50 per head. Free parking is gone. Comps are like pulling teeth. Gone is being classy and friendly and getting returns on being chummy with the staff. Today it's all computerized projected earnings, and nothing happens without it showing up in some database somewhere, all to avoid giving more to patrons than the beancounters say you can.

Say what you will about the mob, they understood the art of giving action to get action. The decline also mirrors the decline of all corporate shit these days. It's all about giving people as little as possible for as much as you can squeeze.

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▲ 3 ▼
– RachelkillsBam 3 points 1 year ago +3 / -0

Not to mention the taxes on all hotels are out of fucking control!

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– undecidedmask2 6 points 1 year ago +6 / -0

Good, less people wasting their money in casinos (and less gambling addictions) is a good thing for society.

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– Observer01 5 points 1 year ago +5 / -0

They'll just turn to online gambling apps to take their pound of flesh.

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▲ 5 ▼
– AgnosticTemplar 5 points 1 year ago +5 / -0

Unfortunately the SCOTUS case Murphy v. National Collegiate Athletic Association in 2018 opened the door for states to legalize gambling. Which is what's killing Vegas now, they have a lot more competition than just Atlantic City.

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▲ 5 ▼
– Piroko 5 points 1 year ago +5 / -0

MGM reports 34 employees cut and that the concierge desks will close at 6 of their facilities, with concierge calls for those venues routed to concierge desks at the Aria and Bellagio. This is in response to an overall decline in concierge usage due improvements to and greater utilization of their mobile app and online services.

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