Employees of the Cosmopolitan Casino in Las Vegas were suprised to find that the casino's parent company the Blackstone Group is giving each of them a $5,000 bonus.
The announcement was made by Cosmopolitan CEO Bill McBeath during an employee event inside the casino's Chelsea Theater this week. The Cosmo has more than 4,500 employees, who'll all be getting the bonus.
The company hailed the bonuses as a sharing of the profits that the employees helped generate. The Culinary Union, which represents thousands of employees at the casino also praised the bonuses, calling them "the right thing to do".
"The firm is incredibly proud of what we accomplished at The Cosmopolitan," said Blackstone Real Estate Head of Strategic Investments Tyler Henritze. "None of that would have been possible without the hard work and dedication of the resort's amazing employees, and we are thrilled to recognize those contributions."
Blackstone is selling the property for $5.65 billion, having paid $1.8 billion for the property less than a decade ago. Casino rights will go to MGM Resorts, who're paying $1.63 billion, while the property will be sold off to a conglomeration of companies for $4 billion.