Hoyle Casino happened in 2000. If you enjoyed this write-up and you would like to obtain additional details pertaining to discuss kindly visit our site. 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. Unions in the auto, rail, healthcare and other industries have kept companies off balance in recent months with labor actions. The unions are among the most powerful in the United States, representing 53,000 hospitality workers in Las Vegas.
(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. He estimated wage increases could cost Caesars $40 million to $60 million a year and double that for MGM based on their employee count. That’s in contrast to Caesars Entertainment, which suffered no public disruptions after reportedly paying about $15 million to hackers in a breach last month, believed to have been carried out by the same Russia-linked ransomware gang that struck MGM.
Some 95% of union members voted in September to authorize a citywide strike. 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. One can find coin slots at casinos like OLG, Casino Rama, Casino Niagara, Fallsview Casino, Great Blue Heron Casino, Casino Nova Scotia, Casino de Montreal, etc. The unions are demanding higher wages, stronger protections against new technology that may threaten jobs, lower housekeeping quotas and improved safety.
Pappageorge said that negotiations were “very disappointing” and the companies did not make substantive wage proposals. The company made the disclosure in a regulatory filing on Thursday evening, nearly a month after hackers caused massive disruptions that froze online booking systems, knocked slot machines offline, and even disabled digital locks on hotel room doors. 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. Still, many companies quietly meet ransom demands to avoid business disruptions and negative headlines. The FBI strongly advises against paying ransoms to hackers, warning that bowing to the demands only encourages further attacks. ‘We also believe a more limited number of Social Security numbers and passport numbers were obtained. We have no evidence that the criminal actors have used this data to commit identity theft or account fraud.’ After the attack last month, videos posted from MGM properties on the Las Vegas Strip, including ARIA and Bellagio, showed painfully long check-in lines, and some slot machines that were knocked offline.