A tentative five-year labor deal has been reached between the Culinary union and Caesars Entertainment to avert a potential strike at its nine casinos along the Las Vegas Strip, although nine other casinos still face possible walkouts come Friday morning. It covers 10,000 union members who work as cooks, bartenders, waiters and waitresses and housekeepers at the nine casinos owned by Caesars Entertainment. Overall, the city has about 150,000 hotel rooms, according to the Las Vegas Convention and Visitors Authority. One of the union’s main bargaining slogans is, “One job should be enough.”In Las Vegas, typical rents spiked nearly 40% from prior to the pandemic, according to Zillow. Vegas can’t function without these workers.”Strong industry profitsWednesday afternoon, MGM reported net revenues from its Las Vegas Strip casinos of $2.1 billion in the current quarter compared to $2.3 billion in the prior year quarter.

Source: CNN November 08, 2023 15:41 UTC