MGM Resorts International (NYSE: MGM) has fired 18,000 employees as the coronavirus pandemic continues to inhibit the rebound of the casino industry.
The resort operator warned employees last month they could expect to be fired at the end of August because conditions in the travel and tourism industry hadn't improved. Despite reopening casinos in June, albeit with social distancing in place, gamblers had not returned in sufficient numbers to justify keeping the employees on.
There's been little work for Las Vegas showgirls as the travel and tourism industry remains impaired. Image source: Getty Images.