Three days ago, Las Vegas Sands announced that it would continue to open its doors to The Venetian and The Palazzo resorts despite the outbreak of COVID-19. However, just yesterday, Las Vegas Sands officially closed The Venetian, The Palazzo, as well as the Sands Expo and Convention Center until April 1.
Despite the announcement of closure, the company still pledged to pay its employees full wages during the period of temporary shutdown. And of course, no employee will be fired.
The Sands statement states that they need to do this as soon as possible to ensure safety for people amid the outbreak of the disease.
Speaking of this move, Goldstein said that this is the most optimal way to help prevent the spread of disease in this situation. The company expects that the closure will only take place in a short time, but in the current situation, the suspension period will continue.
He added that he was perturbed about all his employees, he did not want them to worry about their income during breaks. Therefore, he has prepared everything to support his staff as fully as possible.
Earlier, MGM Resorts International and Wynn Resorts also closed on Sunday. The Wynn Las Vegas and Encore will also be suspended for a period of two weeks. Also, MGM locations will be closed indefinitely. In addition, The Cosmopolitan of Las Vegas also decided to close on Monday until the end of March.
While Wynn and The Cosmopolitan both have a no-fire policy and will pay full salaries to employees during the closing time, MGM Resorts is putting their employees at risk of losing their jobs because of the decision to adopt the dismissal policy.
Last Tuesday, MGM Resorts CEO and Chairman Jim Murren had a meeting with President Donald Trump and a number of other leaders in the hotel business to discuss changes during the epidemic season. Murren said that within a few days, the hotel industry was officially closed on a large scale. The lives of thousands of workers are at stake. At the same time, many restaurants, small and medium enterprises are at risk of bankruptcy.