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Las Vegas resort surprises thousands of workers with $5,000 bonus

By Gino Spocchia
AP

Employees at Las Vegas’s The Cosmopolitan casino erupted into celebration after chief executives announced a surprise $5,000 ($4,261) bonus for all 5,400 staff.

The announcement came on Wednesday during a daytime event celebrating workers at the casino and resort, which is soon due to change ownership.

The resort’s CEO Bill McBeath credited the casino’s workers with maintaining “a youthful, exuberant brand” in spite of Covid at the celebration event. He then announced a $5,000 bonus.

“It’s amazing!” said Edgar Rives, a cook for nine years in the employee cafeteria. “It’s a big surprise.”

Many employees were pictured jumping and hugging each other as purple-coloured confetti rained down on the hall. There was also a buffet.

“It’s you, every single day, that makes a difference,” said Daniel Espino, Cosmopolitan chief people officer. “Whether you clean the rooms, cook the food, are dealing cards, serving drinks, at the front desk.”

As The Nevada Independent reported following the event, the total cost of the bonuses was estimated to be $26m (£22m).

Executives from the outgoing operators, the Blackstone real estate group, were reportedly in attendance. The group recently sold the operations of The Cosmopolitan to MGM Resorts for $1.62bn (£1.384bn).

The investment management company will remain the land and proper owner of the resort however, The Nevada Independent reported.

The Cosmopolitan, which has 3,000 rooms and two-towers, sits between two other MGM-owed Strip properties: Bellagio and the multi-resort City Center complex.

Additional reporting by The Associated Press.

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Dive Deeper:
North Sea oil and gas bosses get combined £25m pay rise
Pay package included a £4.6m ‘golden hello’ for CEO of the sector’s largest operator, Harbour Energy’s Linda Cook
Dalata announces sale of London hotel to UK group as it focuses on more ‘central’ locations
Dalata, Ireland’s largest hotel operator, is to sell the Clayton Crown Hotel in London for £21m (€24m).
New board needed to reform Star: director
A director at embattled Star Entertainment says a new board is needed to reform the gaming giant in the wake…
The mystery of the mogul, the casino and the heist that rocked Mayfair
The Park Lane Club was supposed to fulfil Vasilijs Melniks’ fantasy. Instead it became his torment
One subscription that gives you access to news from hundreds of sites
No sea serpents or mobsters – but Tahoe trash divers still strike gold
Scuba divers who spent a year cleaning up Lake Tahoe’s 72-mile shoreline found no trace of a mythical sea creature,…
Greggs feels heat from investors over ‘excessive’ pay for bosses
Advisers say shareholders with a stake in steak bake retailer should vote against remuneration report at AGM
Get all your news in one place