Venetian workers get cut in on Apollo’s $6.25B deal

The approximately 7,000 employees of the Venetian casino-resort in Las Vegas will be allowed to share in gains that may result from Apollo Global Management’s $6.25 billion purchase of the property. Apollo’s equity-like award, potentially worth $70 million, comes in the wake of widespread criticism of private equity firms for slashing payrolls and draining acquisitions.