Caesars Quickly Closes All North American Properties
In response to the continuing COVID-19 pandemic, Caesars Leisure Company, also referred to as “The Firm,” will briefly shut down its properties in North America.
“It has turn out to be clear that we should take this excessive motion to assist comprise the virus and defend the security and well-being of our workforce members and company,” stated Caesars Leisure CEO Tony Rodio.
The Firm will furlough roughly 90 % of staff and company employees, with the remaining 10 % wanted to keep up primary operations. It isn’t sure how lengthy the closures will final; nonetheless, the furloughed employees will stay staff of Caesars Leisure Company.
Furloughed staff might be paid for the primary two weeks of the closure interval. They’ll use their paid break day afterward. Staff enrolled within the Caesars well being profit plan will obtain 100 % of medical insurance premiums till June 30 on the newest.
“Given the closure of our properties, we’re taking tough however crucial steps to guard the corporate’s monetary place and its potential to recuperate when circumstances enable us to reopen and start welcoming our company and staff again to our properties,” stated Rodio. “The Firm entered this disaster with sturdy working efficiency, which, mixed with the steps we’re taking now, are crucial to the way forward for our firm.”
All Caesars reservations in the course of the closure interval might be routinely canceled. Visitors might be refunded inside a couple of days after the closure of the property. All sport tournaments and dwell leisure occasions might be suspended at the very least till April 30.