The Cosmopolitan of Las Vegas has committed to paying upward of a total of $1 million in cash bonuses if 80 percent of its workforce receives their first dose of a COVID-19 vaccine by May 1.
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Rhode Island-based Bally’s Corp. has agreed to purchase the Tropicana resort-casino from landlord Gaming and Leisure Properties Inc., a transaction valued at $308 million.
Some are who we think of as first responders — health-care workers, police officers and firefighters — but others were unexpectedly thrust into the coronavirus’ crosshairs.
Some of the casinos are holding out for looser operating restrictions, or more foot traffic. Others have shuttered their doors permanently.
Merging with a blank-check company is the latest trend for private companies ready to hit a stock exchange, especially for those in high-growth industries such as online gaming.
New Jersey has implemented a 10 p.m. curfew on all indoor dining options, including those located inside Atlantic City’s nine casinos.
Caesars Entertainment Inc. has sold off the Bally’s brand to Twin River Worldwide Holdings Inc.
The coronavirus pandemic is “undoubtedly” the most difficult economic challenge the gaming industry has faced, the head of the American Gaming Association said.
Executives of these companies revealed that the future of the properties remains uncertain.
“We are notifying affected team members as expeditiously as we can,” the company said in a statement.