The Venetian Resort Las Vegas is proud to announce the fourth distribution of the Venetian Appreciation Award, providing a $750 Red Coin payment to every full-time flex Team Member. Part-time and on-call Team Members will also receive a payment prorated based on hours worked in the past year. This initiative reflects the resort’s commitment to recognizing the extraordinary contributions of its team and celebrating shared success.
The Venetian Appreciation Award is a Team Member recognition program that reflects the resort’s commitment to its Team Members and overall organizational success. Developed by The Venetian Resort with the support of Apollo, the program aligns Team Members with the resort’s strategic objectives, fostering a motivating culture of ownership and shared achievement. All full-time flex, part-time, and on-call Team Members are eligible to participate. Each year, if the resort meets both its financial and service goals, all Team Members receive a Red Coin Award. This award is an additional benefit beyond their regular compensation package. This initiative also is consistent with the Apollo Empower program’s mission to create pathways to long-term financial security for workers across Apollo fund investments.
Since the program began in 2022, the Venetian Appreciation Award program has distributed more than $32 million to Team Members. This year’s distribution underscores the strength of the long-term strategic plan launched three years ago, designed to reimagine The Venetian Resort while preserving its iconic character.
The year 2025 marked significant progress toward that vision. The resort completed the renovation of all 4,000 suites in The Venetian, transformed 400,000 square feet of previously unused space, and renovated its convention facilities. The Venetian Resort also opened 12 new restaurants, creating what is now considered the most impressive culinary collection on the Las Vegas Strip.
Patrick Nichols, president and chief executive officer of The Venetian Resort, shared,
“The Venetian Appreciation Award is a first of its kind program and is designed to create alignment and build teamwork toward our vision. When we win as a team, we all share in the success. This year was incredible, from completing the renovation of more than 4,000 suites to opening new experiences like Cote Korean Steakhouse and Via Via Food Hall. Our success is driven by the creativity, determination, and heart of our Team Members. The people make the place, and that has never been more true.”
As a result of this alignment, service culture at The Venetian Resort reached new heights in 2025, achieving the highest service scores and Team Member engagement levels in the resort’s history. Financially, The Venetian Resort exceeded budget and year-over-year performance across casino, group, and leisure segments, with strong group pace projected into 2026 and 2027.
Additionally, community impact remained a core focus. Through the third quarter, the resort’s groundbreaking Food Rescue Alliance rescued 187,177 meals, and the resort diverted 424,736 pounds of waste through donations benefiting organizations such as Clean the World, Opportunity Village, US Vets, and the Center for the Blind.
Reinforcing their commitment to the team, the resort’s 21 Operating Committee executives will donate their Venetian Appreciation Award distribution to Rialto, the fund that provides emergency financial assistance to Team Members. This $15,750 donation will go to HELP of Southern Nevada, which manages the program.
Looking ahead, The Venetian Resort will continue its transformation with new luxury gaming spaces, completion of the Convention Center renovation, and will begin suite upgrades to The Palazzo in 2026.
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About The Venetian Resort Las Vegas
The Venetian Resort Las Vegas features all-suite accommodations across The Venetian and The Palazzo. The iconic resort’s experience is marked by a commitment to sophisticated play and light-hearted luxury, with world-class restaurants from celebrated chefs including Cote by Simon Kim, Bazaar Meat by José Andrés, and Southern California favorite Gjelina; the rejuvenating Canyon Ranch spa + fitness; a five-acre pool and garden deck inspired by the Italian Riviera including TAO Beach Dayclub, a Balinese-inspired tropical oasis; two landmark casinos and a poker room; Voltaire, a destination nightlife venue that blurs the lines between and intimate club and is home to the Queen of burlesque, Dita Von Teese; concert and non-stop entertainment including master illusionist Shin Lim; TAO Nightclub, and unparalleled retail experiences at Grand Canal Shoppes.
A premier events and conference center, the resort is home to more than 2.25 million square feet of meeting, exposition, and convention space. The Venetian Resort’s brand-new loyalty program, Venetian Rewards, offers resort-wide earning and redemption for gaming play, including slots and tables, as well as experiential spend, such as dining, entertainment, hotel reservations, and more.
The Venetian Resort Las Vegas is the only place fans can get the full experience of Sphere at The Venetian with concert and hotel packages including preferred seating. Sphere is a next-generation venue that will redefine the future of live entertainment.
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