Las Vegas-based casino company Boyd Gaming Corp. laid off about 25 percent of its employees on Monday, citing “significant restrictions” on the company’s business. Boyd, which operates casinos such at The Orleans, Gold Coast, and Sun Coast, employs about 25,000 at 29 casinos in 10 states.
All of the company’s Las Vegas casinos closed in March after Gov. Steve Sisolak called for nonessential businesses to shut down to prevent the spread of COVID-19. The company furloughed most of its employees in April.
Boyd sent employees Worker Adjustment and Retraining Notification (WARN) Act letters in early May that warned of the potential July layoffs. At the time, the company estimated that 25 percent to 60 percent of its employees could be affected.
Most of the company’s workforce was furloughed in April, and those in the executive suites took pay cuts. The board of directors also stopped accepting compensation, and staff who remained working also took pay cuts.
The company notes that it will provide financial assistance to employees who are laid off.
Locally, Boyd reopened nine of its casinos except Main Street Station in Downtown Las Vegas, Eastside Cannery on the eastside, and Eldorado in Henderson.