Caesars Furloughs 90% Of Workforce

Full-Time Health Benefits To Be Paid Through End Of June

Mitch Kelly
April 03, 2020 - 5:10 am
Caesars Palace

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LAS VEGAS, NV (KXNT) - Caesars Entertainment says they are moving to the "minimum workforce needed" to keep up basic operations.

The company announced yesterday that this is a temporary move and that the furloughs are expected to impact 90-percent of the employees at its domestic-owned properties. 

"Given the closure of our properties, we are taking difficult but necessary steps to protect the company's financial position and its ability to recover when circumstances allow us to reopen and begin welcoming our guests and employees back to our properties," said Tony Rodio, Chief Executive Officer of Caesars Entertainment. "The Company entered this crisis with strong operating performance, which, combined with the steps we are taking now, are critical to the future of our company." 

Caesars Entertainment, which owns 7 properties on the Las Vegas Strip, will pay furloughed employees for the first two weeks of the closure period and they can use their paid time-off after that. The company is also paying all health insurance premiums until June 30th.