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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. MGM has said that every 1% increase in wages would add about $10 million to labor costs, according to Truist analyst Barry Jonas. (Reporting by Doyinsola Oladipo in New York and Shivansh Tiwary in Bengaluru; Editing by Maju Samuel and Cynthia Osterman) He estimated wage increases could cost Caesars $40 million to $60 million a year and double that for MGM based on their employee count.
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