As the credit and financial markets continue to pinch both business and leisure travelers, Las Vegas, the city with most hotel rooms in all of America, is really feeling the pain of decreased tourism and consumer spending.

The Venetian, an Italian themed resort that has over 4,000 guest rooms and a 120,000 square foot casino, recently announced they’d laid off 500 workers at the hotel and casino.

A statement said, "The company has adopted a series of measures to control operating cost in all business areas, including letting go approximately 500 employees across all levels who are not Macau residents. (These include) about 100 management-grade expatriate employees in gaming operations."

The hotel, owned by the Las Vegas Sands, said that many of these workers were offered alternative employment at a new project being built in Singapore.

The company also fired 11,000 construction workers after halting work on another resort near the Venetian last month. The resort would have added an additional 6,400 hotel rooms to the famed Las Vegas Strip as demand for them declined.

Courtesy: Our Vacation Adventures

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