Casino Jobs in India Created by MGM

A popular company is creating more casino jobs abroad.

MGM Hospitality recently announced its plans to open the MGM Grand and Skylofts New Delhi - the company's first hotel in India. The project will create many new temporary construction jobs and many more permanent full-time positions.

MGM will work with Silver Resort Hotel India Private Limited to operate the multi-hotel development, which will feature 480 rooms, as well as some suites and apartments. The hotel is currently slated to open in the beginning of 2014.

"This announcement is of particular significance as it marks our company's entry into the burgeoning India marketplace," Gamal Aziz, president and CEO of MGM Hospitality, told the Las Vegas Sun. "Our brands are known the world over, but being welcomed into a new nation is always exciting, especially one with a hospitality market as dynamic as India's."

While the new casino is good news for MGM and India, it's bad news for Las Vegas, where the company is headquartered. The local economy has continued to suffer the long-lasting effects of the economic recession and would have benefited if the new casino were built in Las Vegas instead of India.

During December, the Las Vegas area's unemployment rate grew from 14.3 percent to 14.9 percent, which was well above the national average at the time of 9.4 percent. The city continues to have one of the worst unemployment rates in the nation.

The Las Vegas-Paradise area employed 797,600 workers during December, which is up from 795,700 workers during November, but a 1.6 percent decrease from the previous year, according to the U.S. Bureau of Labor Statistics.

MGM formed what is now known as MGM Hospitality in 2007 in an effort to explore business opportunities in international markets. The group expects to acquire the management of 42 hotels throughout the world during the next decade.

The company opened the MGM Grand Macau at the end of 2007 and is working on acquiring the management of hotels in Vietnam, Dubai, and Egypt during the near future.