MGM Mirage has announced plans to cut as many as 400 jobs. Jesse Russell reports:

Nevada’s largest casino company, MGM Mirage, announced plans this week to slash as many as 400 managerial positions. The company’s Chief Operating Officer Jim Murren, told the Casino City Times that the job cuts would have occurred even “if the economy were booming” but the recent economic downturn increased the number of layoffs. The reason cited for the layoffs was the 2005 merger of MGM Grand Resorts and Mirage Resorts. MGM says that they have actually seen a small increase in business since the start of the year.