Las Vegas casino went bankrupt: What's next
posted June 1, 2009 - 9:12pmRecently, the Harrah of Las Vegas went bankrupt. The Appollo bought the Harrah. Palace Station is also on its way to bankruptcy. MGM just build City Center but they might head into bankruptcy too. They had problems financing the new project, City Center. The financing came from Dubai investors of course. Planet Hollywood are finishing up a project called the Westgate tower. With the recent economic crash, Las Vegas is also affected by it. There were many employees discharge in Vegas too. People are desperately seeking jobs in Vegas. There’re still many people hunting hard for a job. They would go on Craiglists to look for work but there’re not that many jobs available. There’re jobs that are less glamorous available like cleaning table or cooking.
If you’re in the food and beverage industries then you won’t have a hard time finding a job in Vegas. This is the core of Vegas’s businesses. People dine out and they party. It’s not hard to find a job as a bartender or a cocktail waitress. There’re many jobs for cooks or kitchen workers. It’s harder to find work in administrative. There’re a lot of management openings. If you went to management school then you can find a lot of work here in Vegas.
Visitors have dropped this year because of the economy. People are not traveling as much and this cause employer to cut people. Hopefully things will get back to normal within the next year. Finances will be a problem for major casino owner like MGM, Harrah or Station Casino. The real estate market is still low in Vegas. You can still buy a home here for less than $200,000. It might get up higher within the next year.
