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Vegas Strip resort surprises 5,400 workers with $5K bonuses

By Via AP news wire
Copyright 2022 The Associated Press. All rights reserved.

Joyous bedlam erupted Wednesday at an employee appreciation and awards buffet at The Cosmopolitan of Las Vegas when the resort chief executive announced that all 5,400 people who work there will receive a $5,000 bonus.

“It’s amazing!” said Edgar Rives, a cook for nine years in the employee cafeteria, after a round of high-five hand slaps and hugs with dancing co-workers at The Chelsea theater at the Las Vegas Strip property. “It’s a big surprise.”

The 55-year-old El Salvador immigrant and U.S. citizen said he’ll leave it to his wife to decide how to spend the money.

Perhaps half of the resort’s workers attended the noontime midweek event, where executives from Blackstone Real Estate Americas and the Cosmopolitan, including resort President and CEO Bill McBeath, credited them with maintaining “a youthful, exuberant brand” while working through the coronavirus pandemic.

“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.”

McBeath noted the resort had donated more than $9 million to charities during the last seven years, and he awarded vacation trips to San Diego and Hawaii to two company employees: Staci Stafford, a housekeeping worker trainer, and Samira Harbali, a server at the resort.

Company representatives said the all-employee bonus announced Wednesday will cost the resort more than $27 million.

Blackstone, the New York-based private equity firm, owns the approximately 3,000-room, two-tower property. It plans in coming weeks to complete a $1.6 billion sale of property operations to casino giant MGM Resorts International.

The Cosmopolitan sits between two other MGM-owed Strip properties: Bellagio and the multi-resort City Center complex.

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Dive Deeper:
Las Vegas resort surprises thousands of workers with $5,000 bonus
Many employees were pictured jumping and hugging each other as purple-coloured confetti rained down on the hall
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
Tesco criticised as chief pockets £4.75m amid soaring prices
Ken Murphy is awarded highest annual bonus by supermarket since 2016 as profits more than double thanks to easing of…
New Mexico wildfire grows; California fire destroys mansions
More people in northern New Mexico are being warned they might have to flee as a wildfire heads toward mountain…
One subscription that gives you access to news from hundreds of sites
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
The frozen in time Welsh house that is the UK's second most-viewed home
Needs a lot of work, but that's not putting people off
Get all your news in one place