Las Vegas casino layoffs not a good sign for live poker

Michael
Michael
Posted on: July 8, 2020 09:00 PDT

Despite a successful 4th of July Weekend that saw scores of gamblers head to Sin City, the road to recovery for Las Vegas is going to be a long one. And a slew of casino layoffs is proof of that.

A number of properties in Nevada have given the state notices of looming mass layoffs, as required by the Worker Adjustment and Retraining Notification Act.

“This is an uncertain time,” said Brendan Bussmann, director of government affairs for Las Vegas-based Global Market Advisors, noting that it’s unclear how long it will take for Las Vegas to get back to pre-pandemic levels. “No one ever hopes to see layoffs, but we’re in very uncharted and unprecedented territory right now. While you hope people don’t have to act on it, it allows businesses, as well as employees, to know a potential road ahead.”

A number of properties explained why.