Summary:
- Fontainebleau Las Vegas has laid off roughly 60 table games dealers.
- The exact number has not been officially disclosed.
- The decisions are a result of Strip casinos facing declining revenue and changing visitor behavior.
Fontainebleau Las Vegas has recently let go of a significant number of table games dealers, according to multiple sources familiar with the matter.
The resort has not confirmed the exact figure, but two employees with direct knowledge of the situation said the number of layoffs could range from several dozen to as many as 60.
“We Continue to Evaluate Our Business Needs”
The Strip’s newest megaresort, which opened in December 2023 courtesy of a bold $3.7 billion project, has not publicly acknowledged how many positions were cut.
However, in response to inquiries, the property offered a general statement:
We continue to evaluate our business needs and adjust our hiring strategy accordingly. It is a customary practice in every industry and Fontainebleau Las Vegas continues to have a positive impact in the approximate 6,250 current members it employs as well as the multiple vendors and partners associated with the resort.
The move comes at a time when casinos across the Las Vegas Strip are navigating a dip in demand after years of strong post-pandemic recovery.
Operators, including MGM Resorts, Caesars Entertainment, Resorts World and The Venetian, have been reevaluating their staffing and operational strategies in response to shifting tourism patterns and visitor spending.
Gaming Revenue Has Dropped
Gaming revenue on the Strip has fallen for three consecutive months, between February and April, compared to the same period last year.
Through the 10 months of the state’s fiscal year, running from July to June, the Strip’s gaming win has dropped more than 3 points.
For Fontainebleau, the cuts are the latest in a string of growing pains. Since opening, the resort has struggled to establish a strong player base, experienced turnover among top executives, and recently became the subject of a regulatory investigation tied to possible violations of federal anti-money laundering rules.
Last week, Fontainebleau President Maurice Wooden was granted a two-year gaming license by state regulators.
During his licensing hearing, the Nevada Gaming Control Board inadvertently disclosed that the resort is being investigated over the issuance of casino credit, which may have run afoul of Bank Secrecy Act guidelines.
The Las Vegas outpost of the legendary Miami Beach hotel brand has faced more hurdles than expected since its high-profile debut, and the latest round of layoffs may be a sign that the road ahead remains bumpy as the resort works to find its footing on a competitive Strip.
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