Hundreds of Mandalay Bay employees are facing seasonal lay-offs and reduced hours.
It's common for resorts to cut back on staffing this time of year when business slows down.
Mike Pequeen, a managing director with HighTower Las Vegas, a financial consulting firm, believes the 1-October tragedy contributed to depressed tourism numbers for the month.
He doesn't predict the shooting will have long-term effects, however.
"The feeling is that it was a limited impact shock that we all felt but I don't believe that shock will lead to people changing their vacation habits," Pequeen said.
MGM Resorts said in a statement:
"It has been a long-standing practice that many properties in Las Vegas make adjustments in staffing levels in the 4th quarter to reflect business levels. We have disclosed publicly that occupancy this year at Mandalay Bay will be slightly lower than normal. We are trying to handle this with the least possible interruption to our employee’s schedules, but in some cases, reduced schedules may not be sufficient. We are striving to impact as few employees as possible.”
The company also said that while hundreds of employees are having their schedules reduced, it expects to be back to full staffing by early January.
Pequeen agrees with that forecast because of convention season getting underway.
"[Mandalay Bay will] probably be calling many of those people back pretty quickly," he said.
A spokesperson with the Las Vegas Convention and Visitors Authority said no major conventions have been canceled because of the shooting.
October's tourism numbers will be released before the end of the month.
The culinary union has issued a statement as well.
The union says they will be monitoring the situation closely and working with affected employees.
