Culinary Union Reaches 5-Year Agreement with Caesars, MGM Expected to Follow Suit, Covering 25,000 Workers

The Culinary Union has reached a tentative 5-year contract agreement with Caesars Entertainment, covering about 25,000 workers at various Las Vegas properties. MGM Resorts CEO, Bill Hornbuckle, stated that negotiations with the Culinary Workers Local 226 were ongoing, and a deal was expected to be reached. This follows MGM's agreement with the union, averting a scheduled strike. Deutsche Bank gaming analyst, Carlo Santarelli, anticipates similar agreements with MGM and Wynn. The agreements include meaningful wage increases and opportunities for growth. The news comes just days before the Formula 1 Grand Prix in Las Vegas.