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Las Vegas Casino Gives All Employees a $5,000 Bonus

'It's the right thing for a company to share a portion of their profits with employees who have worked so hard,' said one local man

After working through a years-long pandemic environment and facing the struggles of a stressed economy, one Las Vegas Casino, The Cosmopolitan, decided to award its employees with a sizable monetary gift. 

On Wednesday, The Cosmopolitan of Las Vegas owners surprised its more than 5,000 employees with a one-time $5,000 bonus, a generous move by owner Blackstone.

The resort held a company-wide luncheon to celebrate its success and was reportedly going to give away a large bonus to one lucky employee. Throughout the luncheon, employees were buzzing with the anticipation of which employee would win the reward. 

Under the sound of a drumroll and exploding confetti, resort president and CEO Bill McBeath announced that all employees were receiving the award. 

McBeath made the announcement in The Chelsea theater, a 40,000-square-foot venue at the Cosmo that was filled with the company’s employees.

“We know that none of that would have been possible without the hard work and dedication of the resort’s amazing employees, and we are thrilled to recognize those contributions,” said Tyler Henritze, part of Blackstone’s team overseeing The Cosmopolitan. 

The Culinary Union, which represents workers at numerous Las Vegas casinos, released a statement applauding Blackstone’s multi-million dollar generosity for its employees.

“It’s the right thing for a company to share a portion of their profits with employees who have worked so hard to make the property successful,” Culinary Union Secretary-Treasurer Ted Pappageorge said.

Representatives for the luxury resort casino and hotel said this week’s bonuses totaled more than $27 million.

The act of generosity comes as Blackstone is nearing the completion of its sale to MGM, who will take over operations of the property. The sale of the operational side is reported to be a $1.6 billion transaction. 

Blackstone will retain an 80% ownership in The Cosmopolitan’s 8.7-acre Strip parcel as part of its real estate investment arm.

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