Resorts World Las Vegas Announces Layoffs

Posted on: March 26, 2025, 10:25h. 

Last updated on: March 27, 2025, 09:51h.

Corey Levitan Read More
Expertise: Commercial Gaming, Entertainment, Expert Insight, Las Vegas, Restaurants, Las Vegas Myths.
  • Resorts World Las Vegas laid off nearly 50 employees on Wednesday
  • The company’s most recent earnings report showed increased revenue in 2024 but decreased net income for the period

Resorts World Las Vegas laid off just under 50 employees on Wednesday, according to a media statement it released at the close of the day. The statement gave no information about why this decision was made or which positions the employees held.

Genting Macau
Resorts World Las Vegas said it laid off just under 50 employees “to best position the company.” (Image: Resorts World Las Vegas)

“To best position the company,” the statement read, “we have made the difficult decision to restructure a portion of our operations.”

The statement called the decision “part of our ongoing efforts to optimize efficiency and maximize the exceptional experience we seek to deliver to our guests.”

Genting Berhad’s most recent earnings report, released on February 27 and covering fiscal year 2024, showed revenue of $5.82 billion, up 2.2% from $5.69 billion in FY 2023. Net income, however, fell 5%, to $185.5 million from $195 million the prior year, as rising costs trimmed the profit margin from 3.4% to 3.2%.

Earnings per share dipped to $0.048 from $0.050. Analysts pointed to higher expenses as the culprit for the profit decline, despite the revenue gain.

The company’s media statement concluded by noting: “We appreciate the contributions all affected team members have made.”

Resorts World of Trouble

The layoffs come one day before Resorts World and its parent company, Genting Berhad, are scheduled to appear before the Nevada Gaming Commission (NGC) in Las Vegas to answer a 10-count disciplinary complaint filed on March 20 by the Nevada Gaming Control Board (NGCB), which amended a 12-count complaint filed in August.

The NGCB alleges that Resorts World, acting under President Scott Sibella, allowed convicted federal felons and/or those tied to illegal bookmaking to gamble at its casino from 2021 to 2023.

Resorts World Las Vegas and its affiliated companies will pay a $10.5 million fine, according to a settlement reached with gaming regulators. That’s the second largest fine in the Silver State’s history, after a $20 million fine paid by Wynn Resorts in 2019 to the NGCB for failing to properly investigate sexual harassment allegations against its former CEO, Steve Wynn.