Las Vegas gaming equipment manufacturer Everi has announced employee furloughs, salary cutbacks and drawing on credit to keep the company secure during pandemic.
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Wynn CEO Matt Maddox said Tuesday that he would take shares of Wynn stock instead of his 2020 salary to help the company navigate an uncertain financial future.
William Hill US CEO Joe Asher is donating his salary until sports return to assist his sportsbook employees that have been laid off or furloughed.
JP Morgan gaming analyst Joe Greff says in a report to investors that Wynn Resorts is well-positioned to endure the coronavirus and that its stock is undervalued.
The area where the worker had been assigned, and the surrounding vicinity, has been “shut down and is being sanitized immediately” and will remain closed until April 1.
With casinos across the country temporarily shut down during the coronavirus crisis, operators are facing a period with zero income and a limited supply of cash.