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Old 12-20-2008, 07:15 PM
 
Location: Paradise/Las Vegas
1,658 posts, read 7,573,978 times
Reputation: 422

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Hummm
Looks like on Jan 5th I will put in about 8 online applications
=)
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Old 12-21-2008, 12:29 PM
 
Location: Las Vegas
78 posts, read 342,600 times
Reputation: 53
According to LV Business press...Peak workforce is Feb of 09 is to be 9500 with a permanent work force of 12000 when it opens, and according to them, thats a hundred hires a day.
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Old 12-21-2008, 12:40 PM
 
Location: Here and there, you decide.
12,908 posts, read 27,984,887 times
Reputation: 5057
Is any part of city center opening in February? or do the new hires start at another mgm property?
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Old 12-21-2008, 12:46 PM
 
Location: Las Vegas
78 posts, read 342,600 times
Reputation: 53
No City Center will not be opening in Feb. It is the work force for the project and all manpower, That will peak according to the article.
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Old 12-21-2008, 06:39 PM
 
Location: Bx2 Bk2 Lv
93 posts, read 290,403 times
Reputation: 36
Not Steve Wynn.....He doesn"t lay off or over hire!!!!!
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Old 12-21-2008, 07:27 PM
 
Location: Kingman AZ
15,370 posts, read 39,103,724 times
Reputation: 9215
Steve Wynn does over hire when opening a new property....by 50%....but he does NOT lay off very often and his trimming from the overhire is based on qualifications.....and is done in the first 90 days
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Old 12-24-2008, 03:40 AM
 
Location: Las Vegas
85 posts, read 189,175 times
Reputation: 51
I think the key thing to watch here is where are all of the CURRENT construction workers that are working on City Center going to go?

Those are good paying jobs (higher then your typical residential construction jobs) and I would have to think that for the overall average... are higher paying jobs then what's going to be replacing them.

Just a thought...
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Old 12-24-2008, 09:59 AM
 
Location: Here and there, you decide.
12,908 posts, read 27,984,887 times
Reputation: 5057
ok, sorry to sound redundant, citycenter starts the hiring/interviewing on jan 5 correct? so what do all the hiree's do until it opens.. are you interviewing for a job that is 9 months out?
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Old 12-24-2008, 10:12 AM
 
Location: Kingman AZ
15,370 posts, read 39,103,724 times
Reputation: 9215
Yes.....you sit and wait and hope you havent astarved to death
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Old 12-25-2008, 06:20 AM
 
Location: Las Vegas
85 posts, read 189,175 times
Reputation: 51
Quote:
Originally Posted by airics View Post
ok, sorry to sound redundant, citycenter starts the hiring/interviewing on jan 5 correct? so what do all the hiree's do until it opens.. are you interviewing for a job that is 9 months out?
The Interviewing/Hiring process involves going over probably more then a 100,000 applicants so it's extremely time consuming and is going to take some time.... hence the reason why it starts 9 months before opening.

Most people won't know that they are hired until about 3 to 4 months before opening. Managers that are hired will be bringing their friends over...etc..

The New Hirees work their current jobs until training starts... generally a month before opening with training for the culture, procedures, etc..

As for overhiring... well that's the shot you take... it's survival of the fittest or who you know to stick around. (Who you know rules in Las Vegas.) The first month of opening a new place is generally brutal with long hours, etc... Always exciting stuff that brings a new chapter to Las Vegas and I think it's safe to say that the opening up of City Center in Las Vegas will certainly be an event.

Fortunately... City Center, Cosmopolitan, FontaineBleau, M and a couple of other places currently being built are currently keeping the Las Vegas economy from being much, much worse. (Just take a look at areas such as Mesquite and Laughlin that are getting brutalized right now that don't have projects anywhere near this caliber taking place.)

Think about how much money goes into building these places (over $9 Billion for City Center) and what that means for everybody involved including all of the investors pouring money into these projects with some serious debt. Money is being poured into these projects just to get them built but it's going to take money to keep them operating and that money is supposed to come from visitors dropping money.

The big question is what happens when they are completed.... will the tourism numbers jump up like they have in the past?? Or... are we going to see the weaker players collapse as the newer and more exciting places cannabalize the market share from the older properties?

Obviously it's no secret that tourism numbers have dropped and the Average Daily Room rates for Las Vegas have also dropped.

I just saw a report on the very possibility of Dubai's economy collapsing due to the drop in oil prices and how much debt they are in... Dubai World invested quite a bit of money into the project --> Dubai plans $5.1 billion investment in MGM casino - International Herald Tribune .... that article is from August of 2007 before the global collapse of oil demand.

Many of those really, really cool projects in Dubai have been financed with the projection of $150 a barrel oil... and we just closed on oil for under $40 a barrel.

Not because we put air in our tires... but because consumption has dropped dramatically as manufacturing plants across the world are producing less since Americans are now saving money instead of buying a bunch of junk.

Original room rates when City Center was planned out back a couple of years ago were much higher then what is currently taking shape... it's going to be interesting to say the least. Personally... I would not touch a $500K + condo at City Center even if you gave me $500K to buy a condo.

The CEO of MGM Mirage Terry Lanni resigned --> MGM Mirage CEO Terry Lanni to step aside as questions swirl - Los Angeles Times and MGM Mirage just sold off TI for $700 Million to try to pay down some debt. (That's a key property location wise)

Sorry so long but there are things taking shape that are going to make the news for 2008 seem great....

Don't mean to be rude but what you read in the LVRJ is by people who are have pretty lame backgrounds in history, economics and finance. I have yet to see an article in the LVRJ of what it means when you create money on printing presses just to try to keep the economy from collapsing with all of the govt. bailout programs....

In other words... the bad news has just started and there are going to be some stories coming up that make the major stories of 2008 seem minor.
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