The gambling industry's implosion due to the Covid-19 pandemic shuttering casinos around the globe has hit Boyd Gaming, as the company furloughed the majority of their staff.
The layoffs are unpaid and will see workers left on the sidelines until the casino industry begins to re-open throughout the United States. The company closed all of their casinos three weeks ago, and it has taken the step of suspending cash dividends for shareholders. The unpaid furlough will begin on April 11th, but the company will maintain paying health insurance premiums until June 30th or the return to work for employees.
We're covering the closures of the various businesses that are associated with the temporary closing of land casinos around the world, and we'll be sure to keep readers updated.