Hospitality workers, Las Vegas casinos in crunch time for labor talks
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NEW YORK, Oct 3 (Reuters) - Unions representing roughly 53,000 Las Vegas workers on Tuesday kicked off critical negotiating sessions with hotel and casino operators after its members voted at the end of September to authorize a city-wide strike. The retailer, which is now France's sixth-largest supermarket group, said it planned to pursue discussions with the financial creditors not yet party to the lock-up agreement to get them to sign up to it too. 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. 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 unions met with MGM Resorts on Tuesday, and is scheduled to meet Caesars on Wednesday and Wynn on Friday. If you have any type of inquiries concerning where and ways to utilize บาคาร่าคาสิโน บาคาร่า gclub88888, you can contact us at the webpage. Naouri said the binding agreement "creates a favourable framework" for the long-term sustainability of Casino's business, maintaining its workforce and head offices and continuing to develop its brands.
"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. Cipriani, a professional gambler and self-described philanthropist, goes by the online moniker Robin Hood 702, after his habit of giving winnings away to the poor and cloaking his identity with his his signature dark sunglasses and baseball cap.
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. Casino's Chief Financial Officer David Lubek said price cuts were bringing more customers into the retailer's stores. Footfall in Casino supermarkets was up 4% over the past four weeks, the company said.
The deal massively dilutes shareholders and will bring to an end the 30-year reign of 74-year-old Naouri, who controls Casino through his listed holding company Rallye. Casino will formally change hands at the end of March next year. MGM said that every 1% increase in wages will equal approximately $10 million of additional wage costs, according to Jonas. He estimated that wage increase could translate to a $40 to $60 million annual financial effect on Caesars and double that amount for MGM.
The culinary workers union and bartenders union represent workers at properties around the city, including those operated by MGM Resorts International, Caesars Entertainment , and Wynn Resorts. Workers are negotiating for a new five-year contract to boost wages and benefits as tourism in Las Vegas recovers from depressed visitor levels during the pandemic.
Average room rates were $158.47 in August, a 31% increase from the same period 2019. 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 unions met with MGM Resorts on Tuesday, and is scheduled to meet Caesars on Wednesday and Wynn on Friday. If you have any type of inquiries concerning where and ways to utilize บาคาร่าคาสิโน บาคาร่า gclub88888, you can contact us at the webpage. Naouri said the binding agreement "creates a favourable framework" for the long-term sustainability of Casino's business, maintaining its workforce and head offices and continuing to develop its brands.
"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. Cipriani, a professional gambler and self-described philanthropist, goes by the online moniker Robin Hood 702, after his habit of giving winnings away to the poor and cloaking his identity with his his signature dark sunglasses and baseball cap.
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. Casino's Chief Financial Officer David Lubek said price cuts were bringing more customers into the retailer's stores. Footfall in Casino supermarkets was up 4% over the past four weeks, the company said.
The deal massively dilutes shareholders and will bring to an end the 30-year reign of 74-year-old Naouri, who controls Casino through his listed holding company Rallye. Casino will formally change hands at the end of March next year. MGM said that every 1% increase in wages will equal approximately $10 million of additional wage costs, according to Jonas. He estimated that wage increase could translate to a $40 to $60 million annual financial effect on Caesars and double that amount for MGM.
The culinary workers union and bartenders union represent workers at properties around the city, including those operated by MGM Resorts International, Caesars Entertainment , and Wynn Resorts. Workers are negotiating for a new five-year contract to boost wages and benefits as tourism in Las Vegas recovers from depressed visitor levels during the pandemic.
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