Valley Forge Casino To Reportedly Lay Off Hundreds Of Employees

UPPER MERION, PA — Hundreds of layoffs are reportedly expected at Valley Forge Casino after the company's owners suffered significant losses during the second quarter of 2020, amid the coronavirus closures and economic collapse.

Several employees at the Casino told Play Pennsylvania that up to 300 employees would be permanently laid off.

The Casino laid off 539 employees in May, according to a WARN notice from the Pennsylvania Department of Labor and Industry. Many of those layoffs, effective July 1 through July 14, were expected to be temporary due to the pandemic.

The individuals who will be laid off will not include workers who have already been recalled from furlough. The casino, which shut down March 12, officially reopened with the green phase in Montgomery County on June 26.

Boyd Gaming, the owner of Valley Forge Casino, said they lost $108 million in the second quarter of 2020. Their revenue in that time frame was $209.9 million, compared to $846.1 million in the second quarter of 2019.

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"While overall visitation and revenues are down, spend per visit is robust," Keith Smith, president and CEO and Boyd Gaming said in a statement this week reporting the company's recent financial results.

Boyd has resumed operations at 26 of its casinos across the nation since May.