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Caesars to furlough 90% of its employees

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Casino and resort operator Caesars Entertainment cited the coronavirus for furloughing about 90% of its workforce.

The company has 64,000 employees.

“Given the closure of our properties, we are taking difficult but necessary steps to protect the company's financial position and its ability to recover when circumstances allow us to reopen and begin welcoming our guests and employees back to our properties,” Caesars CEO Tony Rodio said in a news release.

Read more from Fox Business.

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