Caesars to furlough approximately 90% of employees

The hospitality, gaming and entertainment giant founded the Shared Future Fund to provide a pathway to achieve philanthropic goals associated with combatting human trafficking.
Caesars Entertainment Corp. has had to close its North American properties due to COVID-19, including Caesars Palace Las Vegas Hotel & Casino. Photo credit: Caesars Entertainment Corp.

Caesars Entertainment Corp., with all its North America properties temporarily closed due to COVID-19, announced Thursday it expects to furlough approximately 90 percent of its employees. The furlough will impact employees at its domestic owned properties as well as corporate staff.

As part of its efforts to support its employees, Caesars has been paying furloughed employees for the first two weeks of the closure period—it announced March 17 it would be closing its owned North American properties. For furloughed employees enrolled in Caesars’ health benefit plans, the company is paying 100 percent of health insurance premiums through June 30 or their return to work, whichever comes sooner. Those individuals who are furloughed will remain employees of the company throughout the furlough period.

Click here for all of Hotel Management's COVID-19 coverage

"Given the closure of our properties, we are taking difficult but necessary steps to protect the company's financial position and its ability to recover when circumstances allow us to reopen and begin welcoming our guests and employees back to our properties," Tony Rodio, CEO of Caesars, said in a statement. "The company entered this crisis with strong operating performance, which, combined with the steps we are taking now, are critical to the future of our company."

Virtual Event


Survival in these times is highly dependent on a hotel's ability to quickly adapt and pivot their business to meet the current needs of travelers and the surrounding community. Join us for Optimization Part 2 – a FREE virtual event – as we bring together top players in the industry to discuss alternative uses when occupancy is down, ways to boost F&B revenue, how to help your staff adjust to new challenges and more, in a series of panels focused on how you can regain profitability during this crisis.

Suggested Articles

The company's main markets are still substantially affected by the measures rolled out to combat the COVID-19 health crisis.

Revenue per available room and occupancy increased over Q2, but uncertainty around the industry’s recovery remains.

The integration aims to provide hoteliers with seamless and complete visibility over group, catering and event sales performance activity.