Resorts World Vegas fires CEO Sibella

https://thenevadaindependent.com/article/after-courting-controversy-as-resort-lost-millions-resorts-world-lvs-sibella-sent-packing

He was there since the beginning.
He was Credited with bringing the stalled $4.3 billion casino megaresort to completion and persevering through a June 2021 opening during a COVID-19 pandemic.

Now he's been fired “after the company was recently made aware that Mr. Sibella violated company policies and the terms of his employment”

No fewer than three Resorts World contracts have gone to a family member of convicted drug trafficker and reputed mob associate Joseph Angelo Bravo.

Note to casino licensees: If you need someone to tell you it’s a bad look to do business with convicted felons who have a history of mob associations, maybe you shouldn’t be a casino licensee.

Call it speculation, but don’t be surprised to find other businesses at Resorts World changing management and Sibella’s personally selected casino floor pros freshening their resumes.

Sibella was head of MGM Grand for 8yrs before he moved to Resorts World Vegas.

The CFO has been named the new CEO.


Any Resorts World high rollers on this board have an insight? :)

Only fools think that the mob REALLY left sin city.

Think "Wolves in sheep's clothing."

Floods last year, now fires

We know Scott. Even if I didn't play there I could call him up and get comp'ed whenever, and I've used that phone call to set up friends who are not even big players.

I never had any issues with him.

But even top players at RW Vegas would have no reason to know him or deal with him, just happens that we do is all.

The larger issue is that RW Vegas hasn't been doing as well as hoped, not at any point. And it's just not as luxurious a property as say, Wynn, and might never be.

Is Paris Hilton a mobstress? It's hard to tell with all that money.

Quote: MDawg

And it's just not as luxurious a property as say, Wynn, and might never be.
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Wait what?
The most expensive casino on the strip ($4.3B) is not as luxurious as Wynn?

It's been a while but back then i put Wynn on par with the Venetian.
Has Wynn gotten that much better in 10yrs?!

Quote: MDawg

How to measure luxury? as in - what is the "most luxurious" resort in Vegas?

Although Resorts World has some NICE suites, including the Crockford's Entertainment Suite we stay in regularly, my wife has been commenting that a lot of the luxury at Resorts World is specious - that the place seems more like a cookie cutter hotel with a lot of gloss over to make it look superior.

I think one way is to consider the cost of the resort versus number of rooms, taking into consideration the date built and the relative value of money from that time.

Resorts Worlds cost 4.6B to build. Cosmopolitan cost 3.9B Encore 2.6B Wynn 2.7B Bellagio 1.6B Venetian 1.5B Palazzo 1.8B

Resorts World has 3506 rooms, completed in 2021, Cosmopolitan 3027 rooms, completed in Dec 2010. Encore has 2034 rooms, completed Dec 2008, Wynn has 2716 rooms completed April 2005.

So, Resorts World per room cost was $1,312,036 per room in 2021, Cosmopolitan $1,288,404. per room in 2010, Encore $1,278,269. per room in 2008, Wynn $994,108. per room in 2005. I believe that if you consider the relative price of construction in say, 2008, that Encore put more money into its structure relative to the number of rooms than Resorts World.

If I had exact square footage sizes of these buildings I could make even better comparisons.
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Besides the cost per room analysis, which is an industry standard way of looking at this, having stayed in both Hilton RW suites (that were later deemed Crockford's suites) and full on Crockford's suites, at least the Hilton suites are more on par with a cookie cutter high end Marriott than a Vegas luxury resort. The lack of any room service other than at Crockford's and the small portions of food and limited room service menu at Crockford's also detracts from the experience.

Keep in mind that Wynn has redone all of their rooms.

Wynn remodeled Parlor Suite, 1280 sq. ft

Wynn remodeled Salon Suite, 1817 sq. f

Resort's World suites

Venetian has redone their regular rooms, but not their suites yet. They have no plans to remodel at Palazzo anytime soon.

The over all service at Wynn is far superior to RW Vegas too. You have to spend some time staying at RW Vegas to understand how sub par it is, and we have stayed there a total of maybe two months spread out since their opening. There are just so many shortcomings at Resort's World, it just wasn't built with an eye for going all out luxury (they do have some nice toilets with built in bidet sprayers at Crockford's suites though). Just think about it - at Wynn in a salon suite you have your own private room for massage. Send the masseuse right up. They didn't even think about something like that at RW.

Don't get me wrong, there are some things at RW that are NICE. For example the ability to eat a full meal right off the Crockford's high limit lounge. That they will bring you tea in teapots not just tea bag crap in the salon (same as at Venetian).

But then, you have a dinky little layout in the Crockford's lobby in the mornings only with some fruit, tea, coffee, pastries, versus the Wynn and Encore all-day RFB lounges, plus the food lounge at Wynn high limit.

The attention to detail, and the luxury at Wynn surpasses anything else on the Strip (or in Vegas). We like Venetian for the variety and number of restaurants, but otherwise you can't really go wrong at Wynn.

Encore was pretty good too but, ironically RW Vegas ruined it - the sound coming day and night from RW's Ayu and Zouk clubs is just too much for a peaceful stay at Encore tower suites, which are directly kitty corner across from those clubs.

Also the crowd - the crowd at Wynn/Encore is just higher end than at RW. RW has quite a lot of club goers, especially evenings and weekends, versus high rollers. There's some nice eye candy at RW, but lower end eye candy than you'll find Thursday - Saturday in that corridor between Wynn and Encore.