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. With “Westminster” spires looming above and “Big Ben” tolling in the background, university graduate Li Junkai from China’s Hebei province tested legalised betting for the first time — and promptly lost around HK$100 ($13). 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. 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. Casino Niagara was created in 1996. 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.
In prior negotiations, a strike threat was enough to spur a deal, but these talks have been slow, union representatives said on Monday. The Culinary Workers and Bartenders Unions seek a new five-year contract with improved wages and benefits as casino operators post record profits. 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.
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. Their demands mirror similar activity in shipping, rail and auto industries where employees have sought better compensation due to the higher cost of living as unemployment stays low. In case you adored this short article along with you wish to obtain more info about online casino 3 card poker i implore you to stop by our own website. The Las Vegas unions are among the most powerful in the United States, covering workers that wait tables, clean hotel rooms and prepare food.
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. 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.
Casino Classics was created in 1996. 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.