The embattled Resorts World Las Vegas has had a tumultuous few years. Between extensive anti-money laundering compliance failures that led to a $10.5m fine and underwhelming visitor numbers, the property is having a tough time.
Things could be about to get even worse if rumors that Vital Vegas is hearing are true about the potential layoffs of approximately 400 workers in the near future:
While people expected changes in the property’s executive team following mismanagement in recent years and an order from the Nevada Gaming Control Board off the back of its recent fine, this latest speculation comes as a surprise.
only opened its doors in June 2021 after costing $4.3bn to build
The Genting Group-owned Resorts World Las Vegas only opened its doors in June 2021 after costing $4.3bn to build, a record development cost for a resort in the city. Many people replied to the X post from Vital Vegas, giving their views on why the facility is struggling:
Others believe this trend will be seen with other Las Vegas properties this year. MGM Resorts International, for example, is reportedly cutting its workforce at the Excalibur and looking to get the Luxor Hotel and Casino off its books. There were also rumors that CEO Bill Hornbuckle would be departing his position in the near future.
