Boyd Gaming lays off at least 2,500 Las Vegas employees

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LAS VEGAS (KSNV) —
Boyd Gaming, the owner and operator of 10 casinos in the Las Vegas valley, says that it has laid off at least 25 percent of its workforce in Nevada, amounting to at least 2,500 employees.

The mass layoffs come as most businesses hold in Nevada at Phase 2 with the exception of bars that do not serve food.

Boyd Gaming had filed WARN Act letters to advise employees of the possibility of layoffs in May when heavy restrictions were still in place and casinos had not yet reopened.

In the letter, filed with the Nevada Department of Employment, Training and Rehabilitation, the company said that it could permanently layoff 25 percent to 60 percent of its workforce.

“While we have been able to reopen most of our properties since that time, we are still facing significant restrictions on our business, and visitation levels remain well below pre-pandemic levels,” the company said in a statement. “Given these ongoing challenges and continued uncertainty, we are moving forward with permanent layoffs of team members who were still on furlough and had not been recalled to work. These layoffs are at the lower end of the range outlined in the WARN Act letters issued in May. We are notifying affected team members as expeditiously as we can.”

A spokesperson with the company would not confirm the exact number of employees that were affected.

The company says that it will be providing financial assistance to those who are laid off “during this difficult time.”

While the WARN Act typically requires companies to give at least 60 days’ notice, Boyd Gaming said that it was unable to meet the deadline due to the “sudden, unforeseeable and dramatic impact” the pandemic had on its business.

Along with the 10 properties in Las Vegas, Boyd Gaming holds another 19 properties, accounting for about 24,000 employees as of Jan. 1, across the country that also faced layoffs.



https://www.google.com/amp/s/news3l...ng-lays-off-at-least-2500-las-vegas-employees
 

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Vegas is suffering economical damage that won't be able to be repaired in the foreseeable future because of this virus, etc. imo.......
 

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That's a shame. The " Vegas experience " is in jeopardy and that is a reflection of the state of our nation as well. I've been saying " I cant wait till this Virus is under control " So we can resume our day to day lives. The American way has been put on pause and It's so frustrating I'm running out of words. I genuinely feel bad for the 2500 people who are on pause in their lives because of this. Go away virus ....
 

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That's a shame. The " Vegas experience " is in jeopardy and that is a reflection of the state of our nation as well. I've been saying " I cant wait till this Virus is under control " So we can resume our day to day lives. The American way has been put on pause and It's so frustrating I'm running out of words. I genuinely feel bad for the 2500 people who are on pause in their lives because of this. Go away virus ....

I don't see this virus going away any time soon with the hype of the media & the radical left using it as an excuse to shut down the economy. Don't be surprised if we see other "new viruses" in the future that will cause more lockdowns.

The agenda is to destroy the economy of the world, & they're doing it.........
 

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I don't see this virus going away any time soon with the hype of the media & the radical left using it as an excuse to shut down the economy. Don't be surprised if we see other "new viruses" in the future that will cause more lockdowns.

The agenda is to destroy the economy of the world, & they're doing it.........


Just when i thought things could not be more frustrating, this virus comes along and knocks out sports and our way of life. It's a good weapon that's for sure . face)(*^%
 

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We can thank out Governor, Governor Lickasack, for this debacle
 

Conservatives, Patriots & Huskies return to glory
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Democrats in DC and their media partners are celebrating, they're watching all their hopes and dreams and hard work come to fruition

The thing they work hardest at? FUCKING PEOPLE UP
 
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We as a country have only begun to see the economic consequences of these government mandated shutdowns.

Artificial government shutdowns have never happened before. The consequences will look like something our "leaders" and "policymakers" never anticipated.

They may spell the death knell to capitalism.

Wait 'till you see what happens to the commercial real estate market, our cities, office parks, the people who service them, the banks who carry the mortgages, the high priced (rent) residential properties that have sprung up with city prosperity. The tax base will crumble. Services will eventually have to be cut back despite government worker immunity to job loss in the early stages of these shutdowns. Residential mortgages will be abandoned. Unemployment will swell.

The social consequences are already appearing, and they are frightening.

I have been saying this since the shutdowns began. There were others here. We were mocked.

Fuck you, governors.
 

Life's a bitch, then you die!
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We as a country have only begun to see the economic consequences of these government mandated shutdowns.

Artificial government shutdowns have never happened before. The consequences will look like something our "leaders" and "policymakers" never anticipated.

They may spell the death knell to capitalism.

Wait 'till you see what happens to the commercial real estate market, our cities, office parks, the people who service them, the banks who carry the mortgages, the high priced (rent) residential properties that have sprung up with city prosperity. The tax base will crumble. Services will eventually have to be cut back despite government worker immunity to job loss in the early stages of these shutdowns. Residential mortgages will be abandoned. Unemployment will swell.

The social consequences are already appearing, and they are frightening.

I have been saying this since the shutdowns began. There were others here. We were mocked.

Fuck you, governors.
We as citizens have to take some of the responsibility for this, we let it happen.

We allowed the bureaucrats to dictate what we can do. If every bar, restaurant, gym,
clothing store et al had said fuck you, you can't arrest us all and remained open
we wouldn't be in this mess.

And before anyone jumps in and says it was necessary, don't waste your breath because
that's bullshit. It was a total overreaction.

And the longer we stand by with our thumbs up our asses the worse it's going to get.

COVID19 is far from being a killing machine. It's time we treated it like it is, a different
strain of flu and totally treatable. No more no less.
 

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Handicapper
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We as a country have only begun to see the economic consequences of these government mandated shutdowns.

Artificial government shutdowns have never happened before. The consequences will look like something our "leaders" and "policymakers" never anticipated.

They may spell the death knell to capitalism.

Wait 'till you see what happens to the commercial real estate market, our cities, office parks, the people who service them, the banks who carry the mortgages, the high priced (rent) residential properties that have sprung up with city prosperity. The tax base will crumble. Services will eventually have to be cut back despite government worker immunity to job loss in the early stages of these shutdowns. Residential mortgages will be abandoned. Unemployment will swell.

The social consequences are already appearing, and they are frightening.

I have been saying this since the shutdowns began. There were others here. We were mocked.

Fuck you, governors.

By next summer, it's gonna be insanity with foreclosures on homes & businesses.......people are still getting by now with PPP on businesses & getting much needed help with home mortgages by getting delays from banks, but these delays won't last.

If we thought 2008 was bad, we are in for a rude awakening for our country & the world over all.

And I didn't even mention the chaos in the streets with social justice, etc.......& the crazy radical mayor's & governors.
 

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Layover here in Vegas today was kinda somber. Who wants to come here under these conditions ?
 

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We as a country have only begun to see the economic consequences of these government mandated shutdowns.

Artificial government shutdowns have never happened before. The consequences will look like something our "leaders" and "policymakers" never anticipated.

They may spell the death knell to capitalism.

Wait 'till you see what happens to the commercial real estate market, our cities, office parks, the people who service them, the banks who carry the mortgages, the high priced (rent) residential properties that have sprung up with city prosperity. The tax base will crumble. Services will eventually have to be cut back despite government worker immunity to job loss in the early stages of these shutdowns. Residential mortgages will be abandoned. Unemployment will swell.

The social consequences are already appearing, and they are frightening.

I have been saying this since the shutdowns began. There were others here. We were mocked.

Fuck you, governors.


This statement is spot on, God help us if these F'ing losers get the White House!!! Which I don't think they will, I just hope all the voters with half a brain get to the voting booth!!!
 

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By next summer, it's gonna be insanity with foreclosures on homes & businesses.......people are still getting by now with PPP on businesses & getting much needed help with home mortgages by getting delays from banks, but these delays won't last.

If we thought 2008 was bad, we are in for a rude awakening for our country & the world over all.

And I didn't even mention the chaos in the streets with social justice, etc.......& the crazy radical mayor's & governors.


In another thread I mentioned the Vegas economy possibly looking like 2008 with foreclosures etc. Other posters said it is different this time.

However, what I'm hearing out of Vegas is there's been so many layoffs that many people have already left town. Especially apartment dwellers. I'm not sure about homeowners yet but they probably aren't far behind.
 

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In another thread I mentioned the Vegas economy possibly looking like 2008 with foreclosures etc. Other posters said it is different this time.

However, what I'm hearing out of Vegas is there's been so many layoffs that many people have already left town. Especially apartment dwellers. I'm not sure about homeowners yet but they probably aren't far behind.

It will be different this time...in that it's going to be much worse.
 
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In another thread I mentioned the Vegas economy possibly looking like 2008 with foreclosures etc. Other posters said it is different this time.

However, what I'm hearing out of Vegas is there's been so many layoffs that many people have already left town. Especially apartment dwellers. I'm not sure about homeowners yet but they probably aren't far behind.

Where are these people going?
 

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Where are these people going?


Well, Vegas is a transient town with lots of young people working in the service industry. They are probably going back to the town's and cities they came from. Many millennials in Vegas live paycheck to paycheck and saw the writing on the wall in March or April.

The ones that stuck it out with unemployment benefits for a couple months have decided the economy isn't coming back anytime soon and are hightailing it out.

These aren't just casino workers. They are bartenders, cocktail servers, strippers and night club employees etc.
 

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No sign of the housing market in las vegas slowing down yet..3% interest rates and not alot of inventory..about 5 offers on every house for sale currently.
 

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No sign of the housing market in las vegas slowing down yet..3% interest rates and not alot of inventory..about 5 offers on every house for sale currently.

It's definitely a seller's market everywhere still.........but imo, it will turn into a buyers market in 10 to 18 months.
 

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No sign of the housing market in las vegas slowing down yet..3% interest rates and not alot of inventory..about 5 offers on every house for sale currently.

Yea, I saw those figures recently as well. Not sure what to make of it cause most small businesses are only open for limited hours and some shops are still closed altogether.

The layoffs and closed businesses have to affect the real estate market at some point. Nobody in their right mind is buying a house in Vegas right now. Everyone knows prices will decline in the coming months
 

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