Casino operators Las Vegas Sands and Wynn Resorts are promising to do right by their employees even as the COVID-19 pandemic leaves their US casinos locked up tight and their Macau casinos struggling.
Wynn Resorts announce that it was extending its ‘payroll continuance’ for over 15k furloughed staff in Nevada and Massachusetts by an additional 30 days through May 15.
The company took this step “as part of its shared responsibility for the health and safety of its employees, their families and the Las Vegas and Greater Boston communities.”
Wynn senior management, including CEO Matt Maddox, previously announced that they would forego all or some of their usual salaries for the remainder of 2020 in exchange for company shares. US casino stocks enjoyed a comparatively mild buffering following the double-digit declines most of them endured after Nevada’s closure extension.
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