New York (CNN Business) MGM Resorts is reportedly laying off 18,000 employees it previously put on furlough in response to coronavirus spreading across the United States and causing a near-total travel shutdown. "While the immediate future remains uncertain, I truly believe that the challenges we face today are not permanent," Hornbuckle wrote in the letter, according to the newspaper. To put it simply, Las Vegas has been crushed by the coronavirus. The number of visitors declined 61% in July from a year ago, and its convention attendance fell to zero, according to the Las Vegas Convention and Visitors Authority. MGM Resorts MGM and its competitors also make a lot of money from conferences in Las Vegas.

Source: CNN August 28, 2020 16:41 UTC