Las Vegas is arguably the number one place gamblers go to get lucky and win big.
But for employees of Sin City’s famed Cosmopolitan, it didn’t take a trip to the slot machines to win some surprise cash after the hotel gave its more than 5,000 employees $5,000 bonuses. on a whim on Wednesday.
Everyone from cooks to casino attendees to receptionists learned they would receive the unexpected nod of appreciation at an employee appreciation and rewards buffet.
Bill McBeath, Resort President and CEO would have made the announcement on stage to the cheering crowd, followed by confetti being fired into the crowd via cannons.
A Vegas-style celebration indeed!
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It is estimated that more than half of Cosmopolitan employees were present.
WWNYTV also reported that employee Staci Stafford (housekeeper trainer) and Samira Herbal (a waitress) received vacations to San Diego and Hawaii respectively as part of the celebration.
“It is you, every day, who make the difference”, Daniel Espino, Human Resources Director of Cosmopolitan, tell the employees. “Whether you’re cleaning rooms, cooking food, handing out cards, serving drinks, at reception.”
The Cosmo, which was bought for $1.7 billion by private equity firm Blackstone in 2014, is currently in the midst of a soon-to-be-completed sale to Vegas’ beloved MGM Resorts International and several real estate companies.
“We are incredibly proud of what we have accomplished at the Cosmopolitan under our ownership to create the most dynamic destination on the Las Vegas Strip,” wrote Tyler Henrtize, Head of Strategic Investments for Blackstone Real Estate. in an email. “We know that none of this would have been possible without the hard work and dedication of the resort’s incredible employees, and we are thrilled to recognize these contributions.”
Gifted bonuses totaled approximately $27 million.
The cosmos for sale in September last year for $5.65 billion after the pandemic ravaged the nightlife-dependent city, although Blackstone was still able to list the property for just under $4 billion more than that what she bought it for, thanks in part to the company’s $500 million in renovations to the property over the years.
Blackstone Inc. was above 17.5% year-over-year as of late Thursday afternoon.