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03-18-2020 , 03:24 AM

#2776

FishFry1984

veteran

Join Date: Mar 2011 Posts: 2,043

Quote:

Originally Posted by A-8Spades

Wynn announced they will pay all employees, PT & FT, for 30 days. Including tips, or probably at the GITCA.

Are they expecting a bailout?

Maybe a disaster relief insurance policy that they finally put to use after 15 years of paying into it?

I’m sure there’s some type of payroll policies to protect them in these situations. They’re not the only ones do it, MGM, Caesars and some other properties through the country are also doing same thing.

Makes me believe they’re not doing it out of generosity, especially when they’ve been operating at a loss.

Quote

03-18-2020 , 12:40 PM

#2777

PierreFermat

grinder

Join Date: Apr 2005 Posts: 473

Insurance companies like Aflac sell supplemental insurance for situations like this where you get laid off or something unforeseen out of your control screws up your income and they will match your earnings. I think many people wish they signed up for something like that. I assume there is something similar for corporations.

Quote

03-19-2020 , 06:50 AM

#2778

venice10

Referee

Join Date: Nov 2007 Posts: 26,113

There is. Of course, whether you get paid or not depends on how creditworthy your insurance company is and your state's rules on covering insurance bankruptcies.

Quote

03-19-2020 , 01:03 PM

#2779

lordfoo

journeyman

Join Date: Aug 2003 Posts: 243

Quote:

Originally Posted by venice10

There is. Of course, whether you get paid or not depends on how creditworthy your insurance company is and your state's rules on covering insurance bankruptcies.

I don't know if the supplemental insurance that PF was referring to is included, but don't most states require insurance companies to pay into a state-controlled reinsurance pool (or whatever it's called) to cover that contingency?

Quote

03-19-2020 , 05:38 PM

#2780

venice10

Referee

Join Date: Nov 2007 Posts: 26,113

It is a bit like FDIC insurance. In a mass event, there isn't enough money to go around.

Quote

03-20-2020 , 10:20 AM

#2781

Lattimer

I is smart

Join Date: Feb 2009 Posts: 15,463

My comp dollars are disappearing. I read up on the policy, and they expire 180 days from when they are earned, account activity is irrelevant (unlike say Foxwoods, where ALL points remain as long as your account isn't inactive for a year). I realized today I lost my Labor Day weekend points. And I'm going to lose more in 2 weeks. I have (er, had) over $200 in comp dollars

I know with everything going on this is hardly a big deal. I'm more upset about the policy itself, given what we're used to with FW and MS. I would've made an effort to go use them had I realized.

Quote

03-20-2020 , 10:29 AM

#2782

PokerGuvnA

grinder

Join Date: Mar 2009 Posts: 499

Quote:

Originally Posted by Lattimer

I know with everything going on this is hardly a big deal. I'm more upset about the policy itself, given what we're used to with FW and MS. I would've made an effort to go use them had I realized.

I assume we're talking actual comp dollars and not poker ones, yes? When I heard about the 180 days I went and talked to the poker desk to check my balance and it was accurate so it appears they haven't setup poker dollars to expire unless you have them converted to red card comp dollars.

That aside, they should most definitely be extending their comp dollar expirations. Hell, my AMC A-List membership fees are paused and reward expirations are extended and that is chump change compared to your dollars.

Quote

03-20-2020 , 10:54 AM

#2783

Lattimer

I is smart

Join Date: Feb 2009 Posts: 15,463

Correct, I'm referring to the ones you can view online (non-poker).

Quote

03-20-2020 , 01:29 PM

#2784

PierreFermat

grinder

Join Date: Apr 2005 Posts: 473

I would hope they will extend the expiration of points longer than 180 days in these unusual circumstances. I did hear poker points are not subject to the 180 day expiration policy but who knows.

Quote

03-20-2020 , 03:56 PM

#2785

Burdzthewurd

Carpal \'Tunnel

Join Date: Jan 2005 Posts: 12,346

If gyms aren't going to cancel charging membership fees for the month despite being closed, I wouldn't hold my breath on a casino doing anything for us

Quote

03-20-2020 , 10:11 PM

#2786

RhodyGuy

old hand

Join Date: Oct 2010 Posts: 1,392

Quote:

Originally Posted by Burdzthewurd

If gyms aren't going to cancel charging membership fees for the month despite being closed, I wouldn't hold my breath on a casino doing anything for us

I had my credit card company charge back for the month dues for me and my wife. I can't wait for that phone call from LA Fitness asking for the money to use their facility when the facility was closed.

Quote

03-20-2020 , 10:23 PM

#2787

Billy723

adept

Join Date: Jun 2004 Posts: 1,136

Quote:

Originally Posted by Burdzthewurd

If gyms aren't going to cancel charging membership fees for the month despite being closed, I wouldn't hold my breath on a casino doing anything for us

Sorry, that was all my fault. I signed back up to Planet Fitness in Feb and went a total of 3 times LOL. They got me on the yearly sub too as it was way better deal than the monthly one that I had last time.

Quote

03-25-2020 , 05:27 AM

#2788

FishFry1984

veteran

Join Date: Mar 2011 Posts: 2,043

Quote:

Originally Posted by RhodyGuy

My gym called and told use they’re waiving this months fee and possible next months too

Quote

03-25-2020 , 11:36 AM

#2789

PierreFermat

grinder

Join Date: Apr 2005 Posts: 473

Quote:

Originally Posted by FishFry1984

My gym called and told use they’re waiving this months fee and possible next months too

Sounds like the right thing to do.

Quote

03-25-2020 , 04:12 PM

#2790

FishFry1984

veteran

Join Date: Mar 2011 Posts: 2,043

Quote:

Originally Posted by PierreFermat

Sounds like the right thing to do.

Not by LA Fitness standards it seems like

Encore Boston Harbor Casino (Everett, MA) - FAQ in OP

Quote

03-25-2020 , 04:15 PM

#2791

PokerGuvnA

grinder

Join Date: Mar 2009 Posts: 499

Massachusetts school closure extended to May 4th. Doubt the casinos will be allowed to open before then!

Quote

03-25-2020 , 05:14 PM

#2792

jh12547

Pooh-Bah

Join Date: Dec 2006 Posts: 5,390

No surprise here. The casinos will follow the governors ban and will stay closed until at least April 7th. The MGC will meet again before that to determine the next step.

Quote

04-01-2020 , 01:15 PM

#2793

cal617

centurion

Join Date: Aug 2019 Posts: 172

We wanted to reach out to let you know that our temporary closure will have no impact on your Wynn Rewards benefits.

• We are extending all tier earning periods to account for the total number of days our resort is closed.

• All COMPDOLLAR and point reward expirations have been paused.

If you have any questions, please contact your preferred Marketing Executive. They are ready and able to assist you during our closure.

(Emphasis is mine. Seems you can call them right now if there is an issue w/ your account, e.g., missing compdollars.)

Quote

04-01-2020 , 03:13 PM

#2794

PierreFermat

grinder

Join Date: Apr 2005 Posts: 473

https://www.southcoasttoday.com/news...-through-may-4

Fastest re-opening would be early May but very likely to keep going. Encore is one of the few places paying all their employees and I hope they keep it going. Good luck to everyone and stay safe.

Quote

04-01-2020 , 03:22 PM

#2795

PokerGuvnA

grinder

Join Date: Mar 2009 Posts: 499

Quote:

Originally Posted by PierreFermat

Even if they stop, given that the maximum unemployment benefit in MA is usually $742 and now there is an extra $600 being added (hopefully sooner than later) I'm pretty sure they will do close to what Encore is paying them if they have to file unemployment.

Quote

04-01-2020 , 03:40 PM

#2796

Lattimer

I is smart

Join Date: Feb 2009 Posts: 15,463

I wasn't aware they were paying their employees during the closure. Good on them, very un-casino-like.

Quote

04-01-2020 , 03:45 PM

#2797

PokerGuvnA

grinder

Join Date: Mar 2009 Posts: 499

Quote:

Originally Posted by Lattimer

I wasn't aware they were paying their employees during the closure. Good on them, very un-casino-like.

Yup. And executives are opting out of some or all of their salaries in exchange for stock so the company will have enough cash on hand to do it.

https://www.thestreet.com/investing/...orego-salaries

Quote

04-01-2020 , 07:19 PM

#2798

jpsychlady

veteran

Join Date: Nov 2007 Posts: 2,588

Encore will be paying all of their employees until May 15th

Quote

04-02-2020 , 02:30 AM

#2799

FishFry1984

veteran

Join Date: Mar 2011 Posts: 2,043

Quote:

Originally Posted by Lattimer

I wasn't aware they were paying their employees during the closure. Good on them, very un-casino-like.

Lots of casinos in the US are paying their employees believe it or not.

MGM, Caesars, Penn Gaming, Wynn Resorts.
So far Wynn Resorts have been for longest period of time (30 days at first, and now extended to 60) and the first ones to announce that they would do so.

Good for them, they’re creating a trickle effect for others to follow, creating a possible good standard for the industry, which in return boosts employee morale.
Props to them!

Quote

04-02-2020 , 04:48 PM

#2800

RhodyGuy

old hand

Join Date: Oct 2010 Posts: 1,392

Quote:

Originally Posted by FishFry1984

I wouldn't expect this to be the norm at all. The four companies paying their employees are each publicly traded companies who have more cash on hand and/or ability to raise capital than say a Foxwoods or Mohegan. There is also likely creative accounting that they can apply to cushion the blow.

Quote

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