The US has been one of the hardest-hit states during the Coronavirus pandemic, with close to three and a half million confirmed cases. Moreover, the economic consequences of the virus have been brewing for a long time and are just now starting to show in full force. Land-based US casino operators across the country are informing their salaried employees that they are no longer in need of their services. These nation-wide layoffs come as a response to reduced demands US casinos have been experiencing during the first half of this year. Read on to find out more about this topic.
Massive Nation-wide Casino Employee Cuts
The latest nation-wide cut in the casino industry is likely to affect over 10,000 workers in the forthcoming period. These layoffs could have the most significant impact on states and cities that are primarily oriented to casinos and gambling in general, such as Nevada, Atlantic City, and New York.
Boyd Gaming, one of the more prominent gaming and hospitality companies in the US, currently employs just about 24,000 people in 10 US states. This regional powerhouse also recently announced that cuts at all of their domestic properties are imminent.
Boyd representatives say that the company will feel the brunt of the damage in Nevada, where anywhere between 25 and 60 percent of their staff could be laid off. Most employees who have been on leave over the previous period will not be recalled for work. However, the company is trying to find solutions on how to keep the layoffs closer to the lower end of the numbers mentioned above.
Boyd Gaming is not the only major company facing a period of tough decisions. One of their rivals, Penn National Gaming, has already issued over 2,000 WARN (Worker Adjustment and Retraining Notification Act) letters to employees at 13 of their 36 casinos and offices.
Numerous other casino venues on the Las Vegas Strip have also confirmed permanent layoffs a few days ago. Treasure Island, M Resort, and Sahara have already filled WARN files regarding likely layoffs soon. Several thousand employees working in New York casinos and gambling venues have also been put on notice.
Employees at all four upstate casinos, as well as workers from the downstate Resorts World New York City, have been informed that their termination is in the cards. In total, more than 4,100 WARN letters have been delivered to workers in New York’s commercial gaming industry.
When Can We Expect Casinos to Open Again?
As one of the densest US-states, New York has been hit hard by Covid-19. With that in mind, New York Governor Andrew Cuomo says that the government still doesn’t have a fixed date when the commercial casinos will be allowed to reopen. In contrast to him, Jeff Gural, owner of the Meadowlands in New Jersey and the Tioga Downs commercial casinos, believes that New York is ready to get back to business. While there’s no telling when commercial casinos will start reopening again, many tribal casinos all across the US have already started operating back in June.