Senior Employees at Venetian and Palazzo Casinos Shed Roles Amid Financial Struggles
The Venetian and Palazzo casinos in Las Vegas have recently conducted layoffs affecting multiple employees. While exact details about the number of employees laid off or specific departments have not been disclosed, reports indicate these layoffs are part of a broader trend of staffing reductions at major casinos amid a downturn in certain revenue sectors.
The reasons behind these layoffs can be traced back to a soft summer for Las Vegas gaming revenues overall. Caesars Entertainment, which operates multiple resorts including Venetian and Palazzo, reported a decline in year-over-year net revenue and net income for its Las Vegas operations in Q2 2025. The summer slowdown is attributed to factors such as a lack of big entertainment headliners (like Adele and Garth Brooks who performed the previous year) and decreased gaming revenues as some tourists spend less on gambling.
The Venetian, known for its ambitious $1.5bn upgrade, the largest and most expensive hotel renovation in history, stated that fewer than 50 out of more than 8,500 employees were affected by the cuts. The layoffs reportedly affected senior-level staff working in management across departments such as hotel operations, marketing, and casino hosts.
Similarly, Fontainebleau Las Vegas, another property in Las Vegas making layoffs recently, has also been affected. The layoffs at Fontainebleau Las Vegas affected both senior and higher-level positions, and the company issued only two weeks of severance pay to its laid-off employees.
Regarding the severance packages at the Venetian, the former employee described them as "inadequate." However, the Venetian issued a statement saying that the decision to streamline was made with a commitment to delivering exceptional service and remaining agile in a rapidly evolving industry. Severance packages at the Venetian are dependent on position, seniority, and time of service.
In summary, the layoffs at Venetian and Palazzo reflect broader profit pressures and softer gaming revenue in mid-2025. The reasons include reduced revenue from gambling, fewer entertainment draws, and overall market softness in late spring/summer. Departments affected are not specifically detailed, but various operational areas are likely to have been impacted. There is no publicly available detailed information about severance packages or support programs for the laid-off Venetian and Palazzo workers.
The layoffs at The Venetian and Palazzo casinos in Las Vegas, influenced by a decrease in gaming revenues and overall market softness, are connected to the broader finance sector and the business operations of the casino industry. These staffing reductions, which impacted senior-level staff across departments including hotel operations, marketing, and casino hosts, demonstrate the financial impact of decreased revenue and entertainment headliners on the casino-and-gambling industry.
