A strip casino has dismissed an unclear number of table players in recent days, according to several sources that are familiar with the situation.
Fontainebleau, $ 3.7 billion megare resort at the northern end of the strip, would not reveal the exact number of jobs eliminated. Two sources on the property with direct knowledge of dismissals said that the sum can be “dozens” or “as many as 60” retailers.
In response to questions about the staffing adjustments, Fontainebleau Las Vegas issued the following statement:
“We continue to evaluate our business needs and adapt our employment strategy accordingly. It is a customary practice in each industry and Fontainebleau Las Vegas continues to have a positive impact on the approximate 6,250 current members that it uses as well as the several suppliers and partners associated with the resort.”
The movements at Fontainebleau come in the middle of the broader industry’s concern about softening demand and efforts from some Las Vegas casino operators to handle labor costs after record after pandemic recovery. Several strip properties, such as Resorts World, The Venetian and several properties run by MGM Resorts International and Caesars Entertainment, have scaled back the business or restructured staffing levels when visitor patterns and visitors’ expenses change.
Casinos on the Las Vegas strip have reported declines in gaming revenue from year to year for three months in a row (February-April). Through ten months of the State financial year, which goes from July to June, the game win on the Las Vegas strip down is more than 3 percent.
Fontainebleau has met with challenges since the opening in December 2023, including remarkable executive turnover and a recently revealed legislative investigation of any money laundering crimes. The casino, which shares a name with the iconic hotel in South Florida, has struggled since its opening to build a player database that can support operations on one of the strip’s largest properties.
Last week, Fontainebleau President Maurice Wood was granted a two-year gaming license by state regulatory authorities. During Wood’s application hearing, the supervisory authorities accidentally revealed an ongoing investigation by Nevada Gaming Control Board for issuing credit to players who may have violated the Banking Secrecy Act against money laundering.
Contact David Danzis at ddanzis@ theplayerlounge.com or 702-383-0378. Follow @AC2vegas-danzis.bsky.social or @AC2vegas_danzis on X.
