Okay, the fact that you are blaming Harrah's implies little knowledge anyway but...........

Why is it bad for companies to lay off people if they aren't profitable? It's a necessity. How can you pay them if you aren't cash positive? It sucks to lose a job. I've been there. But if the market (hotels) dictates that rooms aren't being filled at a high enough capacity to remain profitable what are you going to do?

If you owned a business and you had employees, would you A) keep the employees on the payroll getting yourself deeper and deeper into debt risking personal financial ruin or B) lay off employees to keep your company afloat until times improve?

I'm not saying that layoffs should be the first action taken but clearly, there comes a point where it's a necessity or else not only will the hotel portion of Binion's close, but ALL of Binion's will close.