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bicycle casino starbucksTwin River Worldwide Holdings (TRWH) is poised to lay off more than 1,300 employees at its two Rhode Island casinos. But many employees remained on furlough.Furloughs differ from layoffs in that under the former, there’s some chance that the impacted staff could be called back to work or placed into a different role when business conditions improve.Rough Stretch for New EnglandIn the second quarter, TRWH reported a loss of .6 million, as revenue plunged almost 80 percent to .9 million from 3.2 million a year earlier. Twin River Worldwide Holdings (TRWH) is poised to lay off more than 1,300 employees at its two Rhode Island casinos. river spirit casino barsEarlier this month, Mohegan Sun said some of those employees will be laid off.Twin River is seeking other avenues for conserving cash, including halting its dividend and share repurchase programs.Home State IssuesAnother issue confounding TRWH in its home market is state limitations on large gatherings, which is forcing the Twin River and Tiverton casinos to operate below full capacity. 11, the same day it reported a second-quarter loss owing to the COVID-19 industry shutdown. Twin River Worldwide Holdings (TRWH) is poised to lay off more than 1,300 employees at its two Rhode Island casinos. scarlet pearl casino kronos

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