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Wynn Las Vegas Likely to Attract MGM's Employees
November 15, 2004 at 4:56 AM |
by johnkeats
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Industry insiders say more than 8,000 of the workers being hired to run Wynn Las Vegas are now working at other hotel-casinos. Wall Street bankers say that puts MGM Mirage at the most risk for losing employees. Remember, Mirage and the Bellagio were built by Wynn and sold to Kirk Kerkorian of the MGM empire.
However, insiders say MGM has effective contingency plans in place to prevent any significant attrition in manpower or earnings. Insiders believe 2,500 workers to 3,000 workers at the $2.5 billion resort will be former Mirage Resorts workers who worked for developer Steve Wynn before he sold it to MGM.
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