Boyd Gaming places majority of staff on unpaid furlough
Land-based gambling operator Boyd Gaming has set out a number of additional measures to mitigate the financial impact of the novel coronavirus (Covid-19) pandemic, including placing most of its staff on unpaid furlough.
Land-based gambling operator Boyd Gaming has set out a number of additional measures to mitigate the financial impact of the novel coronavirus (Covid-19) pandemic, including placing most of its staff on unpaid furlough.
All commercial casinos in the US are currently closed due to the outbreak, and with the number of confirmed coronavirus cases and related deaths continuing to rise in the country, it is not yet clear when they will reopen.
Boyd, which temporarily closed its casinos in mid-March, had already suspended its quarterly cash dividend due to the continued effects of the coronavirus and has now announced further measures.
These include placing the majority of its team members on unpaid furlough from April 11. For furloughed staff enrolled in the operator’s health care plans, Boyd said it would pay all insurance premiums until June 30 or their return to work, whichever comes sooner.