Thousands of Las Vegas workers to picket MGM, Caesars casinos
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Casino, which was brought to the verge of default after years of debt-fuelled deals and recent losses in market share to rival supermarket groups, said the binding agreement was reached with the consortium led by Kretinsky's company EPGC - alongside Casino's biggest creditor Attestor, and second-biggest shareholder Fimalac, and along with secured creditors while discussions with unsecured creditors continue.
"The companies have an opportunity to do the right thing and step up and get a contract done, but if not there could be a strike any time after that," said Ted Pappageorge, Secretary-Treasurer for the culinary union. "Any time after October 6th, there could be a strike," he said. Pappageorge said that negotiations were "very disappointing" and the companies did not make substantive wage proposals. The unions are demanding higher wages, stronger protections against new technology that may threaten jobs, lower housekeeping quotas and improved safety.
Earlier this year, authorities jailed "junket king" Alvin Chau, who once led an industry that enticed wealthy gamblers from China's mainland with perks like VIP rooms and easy credit, for running an illegal multi-billion-dollar gambling ring. The casino operators "stated in our meetings that negotiation processes are about where they thought they´d be at this time with expectations to reach an agreement in October," Truist equity analyst Barry Jonas said in a note.
A final X user wrote: 'I always knew Benedict Cumberbatch would fit snug as a glove in a Wes Anderson movie, or in this case short movie. If you have any inquiries relating to where and ways to utilize บา คา ร่า แจกเครดิตฟรี 100 ไม่ต้องฝาก ไม่ต้องแชร์ ล่าสุด, you could call us at our own page. It runs at a breakneck pace but the rock solid story and visuals are there. Oct 9 (Reuters) - Thousands of Las Vegas workers will picket MGM Resorts and Caesars Entertainment casinos on Thursday for the first time in nearly two decades, the unions said, as they contemplate a possible strike. He estimated wage increases could cost Caesars $40 million to $60 million a year and double that for MGM based on their employee count.
(Reporting by Doyinsola Oladipo in New York and Shivansh Tiwary in Bengaluru; Editing by Maju Samuel and Cynthia Osterman) MGM has said that every 1% increase in wages would add about $10 million to labor costs, according to Truist analyst Barry Jonas. Over 3.3 million people visited Las Vegas in August 2023, a 7% decrease from levels during the same period in 2019 before the pandemic, according to data from the Las Vegas Convention and Visitors Authority. Average room rates were $158.47 in August, a 31% increase from the same period 2019.
Tourism is the city's lifeblood and Las Vegas is gearing up for major events including a Formula 1 race expected to bring more than 100,000 tourists to the city in November. Some 95% of union members voted in September to authorize a citywide strike. The Culinary Workers and Bartenders Unions seek a new five-year contract with improved wages and benefits as casino operators post record profits.
In prior negotiations, a strike threat was enough to spur a deal, but these talks have been slow, union representatives said on Monday. The unions met with MGM Resorts on Tuesday, and is scheduled to meet Caesars on Wednesday and Wynn on Friday. Pappageorge said the unions have proposed the largest wage increases ever negotiated in their history, reduced workload and room quotas for housekeepers, better safety protections for workers, among others.
"The companies have an opportunity to do the right thing and step up and get a contract done, but if not there could be a strike any time after that," said Ted Pappageorge, Secretary-Treasurer for the culinary union. "Any time after October 6th, there could be a strike," he said. Pappageorge said that negotiations were "very disappointing" and the companies did not make substantive wage proposals. The unions are demanding higher wages, stronger protections against new technology that may threaten jobs, lower housekeeping quotas and improved safety.
Earlier this year, authorities jailed "junket king" Alvin Chau, who once led an industry that enticed wealthy gamblers from China's mainland with perks like VIP rooms and easy credit, for running an illegal multi-billion-dollar gambling ring. The casino operators "stated in our meetings that negotiation processes are about where they thought they´d be at this time with expectations to reach an agreement in October," Truist equity analyst Barry Jonas said in a note.
A final X user wrote: 'I always knew Benedict Cumberbatch would fit snug as a glove in a Wes Anderson movie, or in this case short movie. If you have any inquiries relating to where and ways to utilize บา คา ร่า แจกเครดิตฟรี 100 ไม่ต้องฝาก ไม่ต้องแชร์ ล่าสุด, you could call us at our own page. It runs at a breakneck pace but the rock solid story and visuals are there. Oct 9 (Reuters) - Thousands of Las Vegas workers will picket MGM Resorts and Caesars Entertainment casinos on Thursday for the first time in nearly two decades, the unions said, as they contemplate a possible strike. He estimated wage increases could cost Caesars $40 million to $60 million a year and double that for MGM based on their employee count.
(Reporting by Doyinsola Oladipo in New York and Shivansh Tiwary in Bengaluru; Editing by Maju Samuel and Cynthia Osterman) MGM has said that every 1% increase in wages would add about $10 million to labor costs, according to Truist analyst Barry Jonas. Over 3.3 million people visited Las Vegas in August 2023, a 7% decrease from levels during the same period in 2019 before the pandemic, according to data from the Las Vegas Convention and Visitors Authority. Average room rates were $158.47 in August, a 31% increase from the same period 2019.
Tourism is the city's lifeblood and Las Vegas is gearing up for major events including a Formula 1 race expected to bring more than 100,000 tourists to the city in November. Some 95% of union members voted in September to authorize a citywide strike. The Culinary Workers and Bartenders Unions seek a new five-year contract with improved wages and benefits as casino operators post record profits.
In prior negotiations, a strike threat was enough to spur a deal, but these talks have been slow, union representatives said on Monday. The unions met with MGM Resorts on Tuesday, and is scheduled to meet Caesars on Wednesday and Wynn on Friday. Pappageorge said the unions have proposed the largest wage increases ever negotiated in their history, reduced workload and room quotas for housekeepers, better safety protections for workers, among others.
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