MGM Resorts Limits Gaming Operations at Gold Strike Hotel and Gaming Hall in Jean

MGM Resorts International officials have decided to scale down their gaming operations at the Gold Strike Hotel and Gambling Hall in Jean, shutting down a five hundred-room hotel tower, scaling down restaurant and gambling offering and cutting sixty employees from their workforce. Group spokesperson Alan Feldman said that changes at the gaming facility on Interstate 15, about twenty-five miles south of Las Vegas, are caused by dropping revenue levels. Feldman said that they are helping the sixty employees who have lost their jobs to relocate in other MGM Resorts hotel casinos. The decision comes after four years after MGM Resorts shutdown and removed the Nevada Landing in Jean. At that time, officials of the company are considering entering collaboration to master plan a 166-acre variety use development. But the collaboration did not pushed through when the economic crisis happened. The Nevada Landing, which offers 303 rooms, shutdown in March 2007 and was demolished a few months later. Under the plans by MGM Resorts announced on May 6th, 2011, Friday, the Gold Strike will continue to manage a three hundred-room tower. An undetermined amount of slot machines will be pulled out of service and casino table games will not be available during mid-week graveyard hours. The coffee shop of the Gold Strike will not be available and the steakhouse of the facility will be changed into a three-meal-per-day eatery. Following the job cuts, the Gold Strike will only employ around three hundred employees. In 2007, officials of the MGM said that properties in Jean had lost a lot of revenues over the past years to the Indian tribe-owned casinos in Southern California. MGM Resorts bought the Nevada Landing and Gold Strike and several neighboring land parcels in Jean as part of the group's $7.9 billion dollars buyout of the Mandalay Resort Group in April 2005. The Gold Strike was constructed by a collaboration that included William Richardson, David Belding and Mike Ensign.


02 2011