Fontainebleau Las Vegas has recently laid off an undisclosed number of table games dealers, with sources indicating the number could range from dozens to as many as 60. The megaresort, which cost $3.7 billion to develop, has not specified the exact number of job cuts. In a statement, Fontainebleau highlighted its ongoing evaluation of business needs and adjustments to its hiring strategy, emphasizing the standard nature of such practices within the industry.
These layoffs occur amid broader concerns within the Las Vegas casino industry about decreasing demand and efforts to manage labor costs following a significant recovery period post-pandemic. Several other major casino operators on the Strip, including MGM Resorts International, Caesars Entertainment, Resorts World, and The Venetian, have also modified their operations or staffing levels in response to changing visitation and spending patterns.
For three consecutive months, casinos on the Strip have experienced declines in year-over-year gaming revenue, with a more than 3 percent drop in gaming win during the current fiscal year. Fontainebleau has encountered several challenges since its December 2023 opening, such as executive turnover and a regulatory investigation related to potential anti-money laundering compliance violations.
Additionally, the casino has struggled to establish a strong player database to support its operations. Recently, Maurice Wooden, president of Fontainebleau, was granted a two-year gaming license, though his application hearing inadvertently revealed an ongoing Nevada Gaming Control Board investigation into possible violations of the Bank Secrecy Act concerning the issuance of credit to gamblers.