MGM already made pretty significant cuts at some of its most famous properties in Las Vegas. There might be even more on the way!
Panic is starting to set in about the looming death of the Entertainment Capital of the World and the biggest players are being forced to act accordingly even though they claim otherwise.
Tourism numbers are down across the United States. There are many different reasons for the decline, which you are welcome to interpret in whatever way you so choose. Regardless of how you feel about the current state of our country and its outlook for the future, Las Vegas is one of the cities that is currently being hit the hardest. The statistics reflect a steep decline over the last few months.
MGM Resorts responded to the drop in tourism and subsequent spending with notable changes to some of its most prominent properties. Doormen, bellman and valet were laid off at Excalibur. The Luxor buffet will cease to exist. Resort fees and parking fees continue to rise.
It was also announced earlier this week that MGM is shutting down its in-person concierge services at most of its resorts on the Strip. Approximately 34 employees are losing their jobs as a result, but they will be offered positions elsewhere in the company or provided with transition support.
MGM says the cutbacks are to meet “evolving guest preferences.” Guests are using digital self-service options instead of in-person services. I do believe this to be true! I would much sooner reach for my phone than I would stop by a concierge desk.
However, cuts are not necessary if finances are not a concern. Let’s be real.
This this trend is going to continue. MGM is considering further closures. I cannot imagine a world where other management companies in Las Vegas do not follow suit.
Hearing that MGM Resorts is planning to shut down more “underused amenities” soon, as a cost-cutting measure. That may include the spas in their lower-tier properties, like Luxor and New York-New York. They closed the Excalibur spa last month. pic.twitter.com/WYrcyMIlCX
— Las Vegas Locally 🌴 (@LasVegasLocally) April 30, 2025
MGM refuses to acknowledge the concerns of a “dying” city. It says the changes are in direct response to industry trends to better serve guests. It also raved about its partnership with Marriott on its Q1 earnings call and announced a $2 billion share buyback. That is the positive spin.
In reality, the steep decline of tourism and spending in Las Vegas is more than enough reason to worry about its future. Things could change in coming months but the present day speaks for itself.
Content shared from brobible.com.