MGM Mirage workers might have been forgiven a wry smile when they read on Tuesday that majority shareholder Kirk Kerkorian’s Tracinda company was selling down its Ford stake because it saw “unique value” in gaming and other industries.

The day before, MGM Mirage told them it was cancelling this year’s cash bonuses. The operator of 12 resorts and casinos on Las Vegas Strip, including the Bellagio and MGM Grand, is cutting other costs, as the city’s gaming companies endure empty tables.