Gambling in the USA
Boyd Gaming Announces New Measures to Mitigate COVID-19 Impacts
Boyd Gaming Corporation has announced new measures to mitigate the financial impact of the COVID-19 pandemic.
Due to the continued closure of all revenue-generating operations, Boyd will place most of its team members on unpaid furlough effective April 11. A limited number of essential team members will remain on payroll during the closure period.
For the furloughed team members who were enrolled in the Company’s health care plans, Boyd Gaming will pay all insurance premiums through June 30 or their return to work, whichever is sooner.
“This is by far the most difficult decision we have ever made. 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 re-openings,” Keith Smith, President and Chief Executive Officer of Boyd Gaming, said.
The Company also announced that its executive leadership team will be taking significant salary reductions, while the Company’s Board of Directors has agreed to suspend the Board’s compensation. Additionally, all non-furloughed members of the Company’s corporate and property management teams will take a salary cut.
The company has postponed all its non-essential spending indefinitely, and suspended all its capital projects and the cash dividend programme.
“As a result of these difficult but necessary actions, we are confident Boyd Gaming will have sufficient liquidity and resources to sustain itself until we are able to re-open for business. We will continue to carefully review our operations and expenditures during the closure period and make additional adjustments as necessary,” Smith said.
The post Gila River Resorts & Casinos hosts $5.9 million Big Game prop play contest appeared first on Gaming and Gambling Industry in the Americas.
Spinomenal, the leading iGaming content provider, has made its US debut after launching an exciting collaboration with a leading operator in the state of New Jersey, and is anticipating many more valuable collaborations with top tier online casinos.
Following impressive growth rates, Spinomenal is making a major move into the New Jersey iGaming market, marking a key step in its global expansion. By entering this crucial U.S. region, Spinomenal will bring its innovative games to a new audience, strengthening its presence and leadership in the iGaming industry.
Spinomenal’s specially selected titles will be going live via Pariplay’s Fusion aggregation platform in the New Jersey market. Some of the outstanding titles being made available for NJ players are Demi Gods II, Majestic Wild Buffalo and Kitsune’s Scrolls.
This marks a major milestone in Spinomenal’s strategic expansion plan, as this debut establishes the company’s initial presence within the New Jersey market, with further growth anticipated across the US iGaming ecosystem. This move underscores Spinomenal’s commitment to expanding its global footprint and further solidifying its position as a leader in the online casino industry.
Lior Shvartz, CEO for Spinomenal commented: “After a decade of establishing and positioning Spinomenal as a leading provider in the iGaming industry, we have now taken a big leap and will provide our exciting content to the esteemed New Jersey audience. We are highly optimistic about entering this prominent market, following the process of obtaining approval from the DGE.”
The post Spinomenal makes US debut with New Jersey market entry appeared first on Gaming and Gambling Industry in the Americas.
The Mechoopda Indian Tribe has announced that the Mechoopda Economic Gaming Authority (MEGA) Board has made the decision to suspend operations at Mechoopda Casino. The final day of operations will be Friday, January 31, 2025.
The Mechoopda Casino says this decision comes after months of deliberation and efforts to address the various challenges affecting the casino’s operations.
Dennis Ramirez, Tribal Chairman of the Mechoopda Indian Tribe, said: “Suspending operations at the Casino is a heart-wrenching decision that affects not only our Tribe but also our valued employees, customers, and the surrounding community. While this chapter is closing, our commitment to the Casino’s long-term vision remains steadfast. For over 25 years, this project has been a cornerstone of our economic development goals, and we will continue to work toward its future reopening.”
The Tribe is taking steps to support both its employees and community partners during this transition period:
Employee Support: The Tribe is committed to offering resources and guidance to assist team members through this difficult time.
Remaining Open Until January 31: The Casino will remain open through its final day of operation, giving guests the opportunity to enjoy the remaining days of service.
The post Mechoopda Casino to Suspend Operations Effective January 31, 2025 appeared first on Gaming and Gambling Industry in the Americas.
-
Brazil5 days agoSalsa Technology’s FORMULA-BET: Take the Pole Position in Brazil’s Regulated Market
-
Latest News5 days ago
Million Games and YUGO Workshop Launch Epic Slot: Thorfinn’s Journey
-
Latest News5 days ago
Spinomenal enhances Folktales Series with Story of Cinderella launch
-
BetConstruct4 days ago
BetConstruct Becomes the First iGaming Company to Offer Both B2B and B2C Licenses in Canada through Affiliate Entity
-
Canada4 days ago
Great Canadian Entertainment and Petroglyph Development Group Announce Closing of the Acquisition of Casino Nanaimo and Elements Casino Victoria
-
Latest News5 days ago
Optimove Launches OptiLive: For the First Time, Sportsbook Operators Can Create CRM-Powered Live Sports Marketing at Scale
-
Arshak Muradyan Digitain Group's Chief Compliance Officer5 days ago
Digitain Group Products are Certified for Brazil
-
Compliance Updates3 days ago
The Isle of Man Gambling Supervision Commission Appoints Mark Rutherford as its New Chief Executive Officer
