"Caesars was off to a fantastic start in the first 2 months of 2020"
Tony Rodio, Chief Executive Officer of Caesars Entertainment, shared Monday an updated message on the status of the temporary closure of the company’s casinos.
After Deadwood’s mayor in South Dakota requested the closure of the city’s remaining casinos, 100% of the 465 commercial casinos in the U.S. were closed as of March 25 in an attempt to help curb the spread of the new coronavirus.
The mandated casino shutdown in Nevada, which was originally set to run through April 16, has since been extended through April 30.
Before everything changed in March, Caesars had possibly its best two months in the history of the company in January and February, according to CEO Tony Rodio.
But due to the health crisis, the company announced last week that it has furloughed about 90 percent of its employees at its domestic-owned properties, as well as corporate staff.
Rodio said he’s not sure when Caesars’ properties will be able to reopen but is confident the company will be able to “hit the ground running.”
"I think it will be a slow ramp, but I’m confident that our company will do as well as anybody in the industry," he said.
“This is a stressful time for our workers around the country,” Rodio said. “Please know that we are prepared to do whatever it takes to reopen when appropriate in a way that prioritizes not only your health, but the health of our guests.”
In the meantime, Rodio urged employees to stay at home and avoid large groups and said he would continue to provide updates to team members.
Overall, the CEO said, he remains optimistic that the company would “get through this quickly and emerge stronger than before.”
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