Now that we're getting close to that light-at-the-end-of-the-tunnel for the pandemic, can you give us an update on how well the different casinos/resorts/companies treated their employees during the pandemic? I'm thinking along the lines of severance pay, health benefits, guarantee of jobs, etc. I will most likely use this kind of info to decide where I spend my money when I get back to Vegas. From what I heard about TI early on, I will not be spending any time or money there. Now that we're near the end, I'm sure there's a better overall picture of how employees were treated.
We got "no comment" responses from Wynn Resorts and Boyd Gaming. At least Boyd was polite about it, and we expected more from the Wynn, since they were very good to their employees.
The Culinary Union sent back four paragraphs of self-congratulations for the passage of the “right to return” law that gives displaced casino workers first dibs on their old jobs.
Las Vegas Sands was altogether more helpful. “At the insistence of [Sheldon] Adelson, the company conducted no furloughs or layoffs,” wrote spokesman Ron Reese. “We continued paying and providing benefits for team members throughout shutdowns and slowdowns.” Reese was being too modest. Las Vegas Sands also paid the wages, including averaged tips, to workers at its restaurants that weren't actual employees of the company. We'd say that per your criteria, Venetian/Palazzo should be at or at least near the top of your list.
Deutsche Bank analyst Carlo Santarelli recently tracked workforce changes at MGM Resorts International and found that 40 percent of its nationwide employee base had been pink-slipped, of whom only a fourth or a fifth would be returning to their jobs. At present, the company has gone from 70,000 to 42,000 employees. Speaking generically, he wrote, “We would note that at present, we think Strip labor costs are down 40%-50% versus 2019 levels.” Part of the reason for that is a scenario at Caesars Entertainment that's similar to MGM Resorts'.)
Still, to give you an idea of what happened in Las Vegas, we’ve constructed the following timeline of employee relations during the Great Shutdown (culled mostly from our own coverage of the issue in Vegas News):
March 17: The Cosmopolitan of Las Vegas closes, but keeps all of its employees on payroll.
April 2: Wynn Resorts discloses that it is cutting executive pay from 30% to 100% to help underwrite 30 days of pay and benefits for its employees, later extended to 60 days.
April 4: Las Vegas Sands announces that it is paying the salaries of 1,200 indirect employees who work in restaurants that are tenants in The Venetian and Palazzo. Hourly and part-time workers are to receive a stipend.
April 7: Cirque du Soleil sacks 4,700 workers, 95 percent of its total employee base.
April 10: Boyd Gaming lays off most of its nationwide workforce, although it extends health-care benefits through June 30.
April 11: Station Casinos extends pay and benefits to furloughed workers through May 15. The Cosmopolitan of Las Vegas, meanwhile, has laid off workers, but will carry their health benefits through June 30.
April 27: Caesars Entertainment initiates an employee-assistance program for individuals facing “unusual hardships.” The program is funded by donations from Caesars execs and board members. Caesars also commits to extend pay and benefits through June 30.
May 2: MGM Resorts International is reported to have termed four hotel presidents, as the number of furloughed employees at the company reaches 63,000.
May 3: South Point lays off its employees for an “indefinite period.” Owner Michael Gaughan tells the workers they will “be better off” applying for unemployment benefits than looking to the casino for assistance. Health benefits are extended through July 31.
May 7: MGM extends health-care subsidies through August 31, but warns that six-month furloughs could become permanent. Wynn Resorts extends pay and benefits for idled workers by an additional 15 days.
May 14: Rampart Casino gives all its employees the boot via a pre-recorded phone message.
May 19: Colorado Belle in Laughlin closes for good, throwing 400 workers onto the unemployment rolls.
July 23: A dark day. Wynncore announces additional layoffs, although benefits are extended through October 31. Circus Circus owner Phil Ruffin pink-slips 252 workers, but Tropicana Las Vegas outdoes him by eliminating 620 positions.
July 28: MGM lays off most of its entertainment staff.
July 30: Las Vegas Sands extends pay and benefits an additional 90 days.
That covers the worst of it. We’ll leave it to you to decide which casinos to patronize or to avoid.
|
Doc H
Aug-14-2021
|
|
vegasdawn
Aug-14-2021
|
|
Kevin Lewis
Aug-14-2021
|
|
Jeffrey Small
Aug-14-2021
|
|
Raymond Jessen
Aug-14-2021
|
|
Sandra Ritter
Aug-14-2021
|
|
Jerry Patey
Aug-14-2021
|
|
Sean Lowery
Aug-14-2021
|
|
Doc H
Aug-14-2021
|
|
David Miller
Aug-14-2021
|
|
Jeff
Aug-14-2021
|