Secrets of the Job Hunt


Friday, April 03, 2009

Las Vegas isn't recession proof

With the Nevada unemployment rate hitting 10.1% in February, Las Vegas jobs have been struggling over the past months. Las Vegas Sands Corp. laid off 283 employees last week.

The lay offs came to the Venetian and the Palazzo resorts, which the company owns, and the to the corporate office. This is in addition to the hundreds of jobs lost in December 2008. Las Vegas Sands Corp. and resorts have become victim of the recession.

According to Ron Reese, Sands spokesperson, the company is attempting to save money. It is in $10.4 billion of debt and are facing large interest costs.

Even though the Sands Corp. is in battling debt doesn't stop them from open new resorts in the country and over seas. On May 22, the company plans to open another Sands resort and casino in Bethlehem, Pennsylvania.

The following the announced lay offs, Las Vegas Sands Corp. could go ahead with opening a new resort in Asia called the Macua. Additionally, a $5.4 billion Singapore resort will be opening at the end of the year.

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