9/11 on Las Vagas

In: Business and Management

Submitted By jumpersjumpy
Words 282
Pages 2
9/11 Roundtable Report
September 26, 2011

The Effects of 9/11 on the Las Vegas strip

In the article "Fear and Managing in Las Vegas" the authors analyze the effects of the terrorist attacks of 9/11 on the gaming industry on the Las Vegas Strip. Coin-in slot machines were used to determine the effects of this downturn in economy because they are the purest gaming volume indicator. Immediately following the 9/11 attacks casino managers made rash decisions, laying off thousands of workers and cancelling major projects. This caused employee morale to plummet. An anonymous strip executive stated "There was a perception among the labor team that some of the general managers saw their bonuses growing wings and flying away, and before they knew what was happening, they just panicked and laid people off" (Eisendrath 160). The impact of 9/11 was felt immediately as hotel occupancy rates decreased and flights into Las Vegas' McCarran Airport were reduced. The article concludes with saying that even though there was a terrorist attack the Las Vegas Strip made a fairly quickly rebound. Dr. Kolin, the distinguished professor of English from the University of Southern Mississippi, insists "ethical behavior is crucial to your success in the workplace" (30). The managers of the casinos that laid off thousands, that caused employee unrest could have avoid the whole situation by thinking ethically and talking to their employees. Dr. Kolin's guidelines to help you reach ethical decisions would have been a good start for these managers to help convey the right information to its staff. "Prompt and honest notifications are essential to the safety, security, progress, and ultimate success of a company" (Kolin…...

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