IGT said it was standing down 2,300 workers in North America as a result of the Covid-19 pandemic.
A statement attributed to Robert Vincent, Chairman IGT Global Solutions, said the crisis has had a significant impact on its customers and markets.
“We are taking specific actions to bring our operations in line with customer and player demand. These include base salary reductions for senior leaders and the implementation of short-term furlough programs for certain employee groups.”
He said the furlough is expected to last for 8 weeks from April 6th and that employees will continue to receive health and welfare benefits.
AstroPay is the pioneer payment solution for thousands of consumers in Latin America, Asia and Africa, who want to purchase online on international sites, that helps merchants access new markets through its main product, AstroPay Card.
Gaming suppliers, like all areas of the industry, have felt the pinch from the Covid-19 crisis, though their growing digital businesses have proved a bright spot and helped offset the impact of the crisis.
Consolidation of the bases and advancement in adversity was the thrust of Macau Chief Executive’s policy address for 2021, though it gave little away when it came to the current pillar of the economy - the gaming industry.
While nowhere in the world has escaped the economic fallout from the Covid-19 crisis, Macau has been hit harder than most, with forecasts for gross domestic product to shrink more than 50 percent this year.