Employees at The Venetian and The Palazzo are receiving bonus payments this year of up to $750 per worker, the company announced.
It is the fourth presentation of the Venetian Appreciation Award, which provides a $750 “Red Coin” payment to each full-time flex team member.
Part-time and on-call employees will also be compensated pro rata based on hours worked over the past year.
Since the program began in 2022, the Venetian Appreciation Award program has awarded more than $32 million to employees.
“The Venetian Appreciation Award is a first-of-its-kind program designed to create alignment and build teamwork toward our vision,” said Patrick Nichols, president and CEO of The Venetian Resort, in a release.
“When we win as a team, we all share in the success,” Nichols said. “This year was incredible, from completing the renovation of more than 4,000 suites to opening new experiences like Cote Korean Steakhouse and Via Via Food Hall. Our success is driven by the creativity, determination and heart of our team members. The people make the place and that has never been truer.”
The Venetian Appreciation Award is an employee recognition program that reflects the resort’s commitment to workers and overall organizational success. Developed by The Venetian Resort with the support of its parent company, New York-based Apollo Global Management, the program aligns workers with the resort’s strategic goals. All full-time flex, part-time and on-call employees are eligible to participate. Each year, if the resort meets both its financial and service goals, all employees receive a Red Coin Award, an additional financial benefit in addition to their regular compensation package. This initiative is also consistent with the Apollo Empower program’s mission to create pathways to long-term financial security for workers in all Apollo fund investments.
Company officials said the resort made significant progress in 2025. The resort completed renovations to all 4,000 suites at The Venetian, transformed 400,000 square feet of previously unused space and renovated its convention facilities. The Venetian Resort also opened 12 new restaurants.
Company officials said the resort will continue its transformation with new luxury gaming spaces, complete renovations to its convention center and will begin upgrading the Palazzo suites in 2026.
In the third quarter, the resort’s Food Rescue Alliance saved 187,177 meals and the resort diverted 424,736 pounds of waste through donations to organizations such as Clean the World, Opportunity Village, US Vets and Center for the Blind.
To reinforce their commitment to the team, the resort’s 21 top decision makers say they will donate their Venetian Appreciation Award to Rialto, the fund that provides emergency financial assistance to employees. That $15,750 donation will go to HELP of Southern Nevada, which manages the program.
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