\r\nThese significant drags on our business will likely continue for the foreseeable future. Finally, we could not have anticipated when our properties would be allowed to reopen and how restrictive the new operating conditions would be, and the negative impact this would have on business volumes,\u201d<\/strong> Hirsch said in the WARN Act notice.<\/p>\r\n<\/blockquote>\r\nOf Boyd’s layoffs, Vice President of Corporate Human Resources Chris Smith said the “pandemic\u2019s effects on our business remain unpredictable,\u201d with safety measures \u201csubject to constant updates and modification.\u201d\u00a0<\/p>\r\n
Phased Reopenings <\/strong><\/h2>\r\nLouisiana\u2019s casinos were closed by order of Gov. John Bel Edwards (D) for roughly two months between March and May. The first phase of reopening began May 15, which limited properties to 25 percent capacity.<\/p>\r\n
Phase 2 kicked off at the beginning of June, growing casinos to 50 percent capacity. But plans to move to a Phase 3, which has yet to be defined, were put on hold two weeks ago after a spike in cases and a surge in hospitalizations made health officials jumpy.<\/p>\r\n
The four Penn National casinos collectively were down $139 million in March, April, and May compared to the corresponding period in 2019. In total, Louisiana\u2019s 15 commercial casinos lost over $420 million over the period.<\/strong><\/p>\r\nThe layoffs come despite the legislature passing plans to move to a Phase 3 two weeks ago that would provide tax relief on promotional gambling credits for the state\u2019s commercial properties. The bill is on Gov. Edwards\u2019 desk and is expected to be signed into law.<\/p>\r\n\r\n
<\/p>\r\n","protected":false},"excerpt":{"rendered":"
Louisiana\u2019s casinos and racetracks will lay off at least 3,000 employees because of economic pressure from the coronavirus pandemic, nearly 10 percent of the industry\u2019s workforce. Five casinos filed Worker Adjustment and Retraining Notification (WARN) Act notices in June for some 1,375 employees, The Lafayette Daily Advertiser reports. That\u2019s in addition to the more than […]<\/p>\n","protected":false},"author":36,"featured_media":141170,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[10],"tags":[],"acf":[],"yoast_head":"\n
Louisiana Casino Sector to Lay Off 10 Percent of Employees<\/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