Resorts World Las Vegas lays off employees amid regulatory troubles, restructuring efforts

Resorts World Las Vegas has laid off around 50 full-time employees as part of a restructuring effort, the casino confirmed Wednesday.

Rumors of job cuts had been circulating as of late, with some reports suggesting as many as 400 layoffs, News 3 reported. Las Vegas blog Vital Vegas hinted at the move in an X post, saying Resorts World was preparing for significant staffing reductions. 

The post also suggested the layoffs extended beyond leadership changes mandated by the Gaming Control Board after a money laundering investigation, instead reflecting overall business performance.

"To best position the company, we have made the difficult decision to restructure a portion of our operations by less than 50 full-time team members," Resorts World confirmed to News 3. “We appreciate the contributions all affected team members have made.” 

Resorts World Las Vegas reiterated that the decision to lay off employees is part of an effort to improve efficiency while maintaining a high-quality experience for guests.

The casino, however, did not specify which positions were cut or when the layoffs took effect.

The layoffs come as the megaresort grapples with regulatory punishments stemming from past compliance failures. According to a settlement agreement between parent company Genting Berhad and gaming regulators, Resorts World Las Vegas and its affiliated companies will pay a $10.5 million fine.

The regulatory complaint alleges that Resorts World failed to fully comply with anti-money laundering regulations by allowing gamblers with ties to illegal bookmaking and histories of federal felony convictions to play.

The settlement with Genting Berhad and five other subsidiaries that operate Resorts World Las Vegas resolves a 10-count, 27-page complaint initially filed by the Control Board Aug. 15.