of Silver State businesses<\/a>, including banks, food and drug retailers, convenience stores and home improvement stores, remain open.<\/p>\nLVS added that none of its employees will be required to take unpaid time off while the Palazzo and Venetian are shut down, and that no staff will be subject to altered or reduced healthcare benefits.<\/p>\n
Been Here Before<\/h2>\n
LVS and rivals MGM Resorts International and Wynn Resorts are in familiar territory regarding government-enforced closures of gaming properties. In February, authorities in Macau announced a 15-day mandatory suspension of gaming activities there, a move aimed at stopping the spread of the coronavirus.<\/p>\n
That decision, though disastrous from a revenue standpoint, proved effective because the peninsula went nearly 40 days without a new COVID-19 case. That’s until three new ones were reported earlier this week.<\/strong><\/p>\nMacau and Singapore are the two most important markets for LVS. In the fourth quarter, the Palazzo and Venetian on the Strip combined for just $120 million <\/a>of the operator’s $1.31 billion in earnings before interest, taxes, depreciation and amortization.<\/p>\n","protected":false},"excerpt":{"rendered":"Las Vegas Sands (LVS) said it will pay each of its 9,300 employees at the Palazzo and Venetian \u2013 even part-time staffers not scheduled to work \u2013 during a state-mandated 30-day closure of gaming properties. On Tuesday, the company said the two Strip venues would be closed until at least April 1 in an effort […]<\/p>\n","protected":false},"author":46,"featured_media":130547,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[33810],"tags":[],"acf":[],"yoast_head":"\n
Sands Workers Will be Paid During a 30-day State-Mandated Closures<\/title>\n\n\n\n\n\n\n\n\n\n\n\n\n\t\n\t\n\t\n\n\n\n\n\n\t\n\t\n\t\n