Tuesday, October 21, 2008

no bonus for mgm mirage.

Looks like I picked a bad time to start thinking about moving to Vegas. From the Las Vegas Review Journal:

MGM Mirage employees to miss bonus
Cash program out because company 'unlikely' to meet profit goals for 2008
By HOWARD STUTZ

MGM Mirage told its workers Monday that it was eliminating this year's cash bonus program, which is based on achieving a certain level of profitability.

"It is unlikely we are going to meet those goals this year," MGM Mirage spokesman Gordon Absher said.

The company's cash bonuses differed for all employees and the company did not say what the triggering points were for each level. Absher said the casino operator wouldn't say how much it was saving by eliminating the bonus program for 2008.
Read more.

This isn't terribly surprising news. Vegas profits have been down all year. Nevertheless, it does show the economy is affecting everyone.