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.
MGM And Caesars Avert Strikes By Las Vegas Casino Workers—Days Before Formula 1 Grand Prix https://t.co/xJwtw8brBc https://t.co/jsmo2t9VHt
Updated with comments from @Culinary226 and @MGMResortsIntl MGM and Culinary reach a tentative contract agreement The deal follows Wednesday’s agreement with Caesars and averts a strike scheduled to begin Friday. https://t.co/Th4eXVqIEp @TheNVIndy
The Culinary Workers Union announced the tentative 5-year agreement Thursday that it said covers about 25,000 workers at the Aria, Bellagio, Excalibur, Luxor, Mandalay Bay, MGM Grand, New York-New York and Park MGM. https://t.co/e1JsfeaG4e
MGM and Culinary reach a tentative contract agreement The deal follows Wednesday’s agreement with Caesars and averts a strike scheduled to begin Friday. https://t.co/Th4eXVqIEp @TheNVIndy
Great news as strikes are avoided in Vegas where the unions and companies can make deals! MGM signs a new 5 year agreement with labor. Very good news for Vegas. $MGM
Field Note: MGM Resorts CEO Bill Hornbuckle said Wednesday he met with representatives of the Oakland A’s, including team owner John Fisher, to learn more about the casino operator’s potential new neighbor. https://t.co/zV2jG1wVCz @TheNVIndy https://t.co/AvQp8up3S8
MGM CEO Bill Hornbuckle says he met with @Athletics owner John Fisher yesterday in Las Vegas and he was shown the rendering of the proposed stadium on the site of the Tropicana. "They actually showed me the design, which was spectacular, I might add." 1/2 @TheNVIndy
When asked about #SuperBowlLVIII visitation, MGM COO Corey Saunders said "corporate America" is the focus. "We're seeing some really strong demand. We're pretty optimistic about what Super Bowl will bring for us from a casino and leisure side." @TheNVIndy
MGM Resorts CEO Bill Hornbuckle on Formula 1 in Las Vegas: "It's going to be an incredible opportunity for the company and ultimately for the city long term. It has not been without its challenges. Believe me, I'm a local I get the traffic I understand it." @TheNVIndy 1/
MGM Resorts CEO Bill Hornbuckle says on the company's Q3 earnings call about negotiations with Culinary Workers Local 226: "We are literally in session as we speak, and I believe we will come to a deal today." 1/ @TheNVIndy
Updated w/ statement from Caesars: Employees would see “meaningful wage increases that align with our past performance, along with continued opportunities for growth tied to our future plans to bring more union jobs to the Las Vegas Strip.” https://t.co/J0zTQkZzzg @TheNVIndy
Good news: the Culinary Union has reached a tentative agreement on a new 5-year contract with Caesars Entertainment. This means that MGM Resorts and Wynn Resorts will almost certainly follow suit, and agree to the same terms, just like they always do. There will be no strike.
Updated: Deutsche Bank gaming analyst Carlo Santarelli said he expects MGM and Wynn agreements will “follow in relatively short order.” Caesars, Culinary reach contract agreement ahead of strike deadline https://t.co/J0zTQkZzzg @TheNVIndy