January 7, 2021 Casino, Land-Based

MGM Resorts to furlough 140 managers at Las Vegas properties

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MGM Resorts is furloughing 140 managers at its Las Vegas properties, citing projected low business for early 2021 as the rationale.

Furloughed employees will remain eligible for health benefits and have access to MGM’s Employee Grant Fund.

“Business volumes are projected to remain low for the beginning of the year due to the pandemic, unfortunately requiring temporary reductions in staffing across our Las Vegas properties,” MGM spokesman Brian Ahern said in a statement reported by Las Vegas news outlet 8NewsNow. “We are focused on bringing employees back to work when business levels recover. We are optimistic that, with vaccine distribution and other developments, we will return to higher business levels and staffing soon.”

Travel demand for Las Vegas has remained low as Covid-19 cases continue to rise across the country. MGM has closed Mirage and Mandalay Bay’s hotels midweek.

The furloughs come days after MGM named Jonathan Halkyard its new CFO. He succeeds Corey Sanders, who moved to the COO position recently.

Halkyard will be responsible for all financial activities across the company.

“Jonathan brings the right mix of financial discipline, investor acumen, operating experience and seasoned corporate leadership to MGM Resorts at a vital time in our evolution,” said MGM CEO and President Bill Hornbuckle. “His passion for hospitality, considerable experience in gaming, previous stewardship of strong balance sheets and investor credibility make him an excellent choice to complement our strong and committed leadership team.”

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