Boyd Gaming is taking additional measures to mitigate the financial impact of the Covid-19 pandemic, which resulted in the closure of all of the company’s properties in mid-March.
Due to the continued closure of all revenue-generating operations, Boyd Gaming will place most of its team members on unpaid furlough effective Saturday, April 11. For furloughed team members enrolled in the company’s health care plans, Boyd will pay all insurance premiums through to June 30 or their return to work, whichever is sooner. A limited number of essential team members will remain on payroll during the closure period.
“This is by far the most difficult decision we have ever made,” said Keith Smith, president and CEO. “We care deeply about the well-being of our team members, which is why we maintained full pay and benefits through April 10. Implementing furloughs was a last resort for us, but a necessary step to protect our company, especially given the current lack of visibility regarding property reopenings.”