Wynn won’t participate in Pink Slip Party

Posted on May 2, 2008
Filed Under Socially Responsible Recruiting, Gaming, Best Practices |

As most of the gaming corporations up and down Las Vegas Boulevard continue to throw Pink Slip Parties, Steve Wynn made it very clear during a conference call to discuss the company’s earnings report that he will have nothing to do with it.

Mr. Wynn’s stance was clear: Although profits have dropped 20 percent in the past few months, Wynn Resorts will not lower its staffing (service) levels, or interrupt his workforce.

Over the past few months, casinos have been shedding employees almost at post 9-11 levels. It is clear that the economic slowdown we are experiencing in the United States has hit an artery of the gaming industry. But as I have written many times, this is just a speed-bump for Las Vegas. Ones that we have felt before.

Kudos to Steve Wynn for continued loyalty to his workforce.