The Venetian reportedly laid off workers in July because of a business slowdown and in anticipation of higher labor costs from upcoming new union contracts. This comes after it got rid of numerous senior employees in November. Vital Vegas posted on X about the rumors:
The Venetian was the last Las Vegas Strip casino to have unionized workers, with a deal finally struck in August.
negotiators warned that the increasing labor costs could lead to layoffs
The first union agreement will see workers receive a 32% pay bump over five years; the property’s negotiators warned that the increasing labor costs could lead to layoffs.
Lower occupancy rates and visitor numbers in Las Vegas are well documented: July’s visitor figures showed a 12% year-on-year drop.
The Venetian isn’t the first major casino to let go of workers in recent months. The Fontainebleau got rid of dozens of table game dealers in May, and both Resorts World and MGM Resorts also laid off workers.
