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Friday 2nd May 2008

Wynn employees' jobs 'are secure'

There will be no laying off of workers at Wynn Resorts due to poor results from the first quarter of this year, its chief executive has said.

The Las Vegas Review-Journal reported that Steve Wynn will buck the recent trend of major casino companies sacking workers and blaming the economy for it.

"I am telling anybody who is interested in our company that under no circumstances will I give any consideration, even for a second, to changing our service levels or disrupting our workforce," remarked one of the world's most influential men, according to Time magazine.

Wynn owns casinos in Las Vegas and Macau, the most popular gaming destinations in the world, but still could not avoid losing 20 per cent of net income during the first quarter of 2008.

The Macau figures were apparently good, but they were not enough to bolster the profit decreases at the Wynn resort in Nevada.


Source:Direct News



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