“Cosmopolitan” Announces Layoffs
Saturday, February 18, 2012 at 11:37PM
Layoffs at Las Vegas resorts are not unusual in this current climate although it had seemed the worst was over with less layoffs in recent months well if you don’t include the “Sahara” closing down. But now come the news that the “Cosmopolitan” has let go off about 1 percent of its workers which is a small number of their total workers unless you happen to be one of them. The layoffs were in the gaming department and, if you figure 1 percent of their nearly 4,200 employees that would be about 40 employees or so. The “Cosmopolitan” has been getting great reviews since its opening in December 2011 for its buffet and cool bars as well as their hotel rooms a lot of which have balconies something rare in Las Vegas. The big weakness for the property has been its casino operations which the good size casino has the latest machines, friendly staff but is mostly quiet a lot of the time. The property had a disadvantage when it opened as it didn’t have a large customer base to draw on like a new Caesars or MGM property would have but it also seems to have treated the gaming side as an afterthought. The marketing for the property has all been around the experience with clever hip ads but hopefully now they will help the gaming side. The layoffs may be related to the new CEO Thomas Mc Cartney who was previously at the “Tropicana” and, took over on January 1st of this year. Thomas Mc Cartney did a great job on revamping the old tired “Tropicana” in to a hip South Beach style resort and hopefully he can work his magic on gaming at the “Cosmopolitan.” For all the rave revues of its food, bars and hotel rooms the property needs to improve its gaming side which will hopefully improve the numbers for the “Cosmopolitan” which reported a loss of $58.5 million in the third quarter. While it’s sad for the people that were let go in the gaming department we hope this is part of a restructuring and, wider plan to get people in to the casino instead of just a cost saving.
Ca,
Cosmopolitan,
Tropicana 


