Resorts World Las Vegas lays off 50 amid regulatory scrutiny

Resorts World Las Vegas has laid off nearly 50 full-time employees as part of a restructuring effort aimed at optimizing efficiency and enhancing guest experiences. This decision comes amidst regulatory scrutiny, as the casino faces a proposed $10.5 million fine from the Nevada Gaming Control Board for failing to comply with anti-money laundering regulations. The layoffs and regulatory issues appear to be linked to a broader context of business performance challenges within the resort. The settlement agreement with regulators, which is pending approval, would also require Resorts World to implement changes in its operational practices and provide regular reports on anti-money laundering activities. Executives from Resorts World and its parent company, Genting Berhad, are set to address the Gaming Commission regarding these matters. This situation reflects ongoing efforts by the casino to navigate compliance and operational hurdles while maintaining service quality.