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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. 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. 29, data shows as China wraps up its Golden Week holiday, although the figures amounted to just about 85% of pre-pandemic levels.
HONG KONG, Oct 6 (Reuters) - Hundreds of thousands of visitors have flocked to the Chinese-controlled regions of Macau and Hong Kong since Sept. In the world's biggest gambling hub of Macau, about 900,000 visitors swarmed narrow cobblestoned streets, many to punt in dozens of glitzy casinos, while others took selfie photographs at historic spots such as Senado Square. Mass gaming revenues have bounced back to pre-COVID levels, however, analysts said, citing a recovery of more than 100%, although earnings in the coveted "big-whale" VIP category was an estimated 15% of before.
The Culinary Workers and Bartenders unions are demanding higher wages, stronger protections against new technology that may threaten jobs, a reduction in steep housekeeping quotas and improved safety for workers. During the eight-day national holiday, which runs until Friday, the number of daily visitors has surged more than five times from last year, taking hotel occupancy rates beyond 90%, executives said, speaking on condition of anonymity. "The companies have an opportunity to do the right thing and step up and get a contract done, but if not there could be a strike any time after that," said Ted Pappageorge, Secretary-Treasurer for the culinary union.
If you loved this information and you wish to receive more info about 918kiss เครดิตฟรี 50 ไม่ต้องฝาก ไม่ต้องแชร์ i implore you to visit our own web-page. "Any time after October 6th, there could be a strike," he said. The store closures followed the anti-government protests that year and a subsequent crackdown, which hit retail sales that were next battered by nearly three years of stringent COVID rules. (Reporting by Farah Master and Dorothy Kam; Editing by Clarence Fernandez) Oct 6 (Reuters) - The unions representing 53,000 hospitality workers in Las Vegas said on Friday they have seen "no real movement" this week in contract negotiations with casino-resort operators MGM Resorts International and Caesars Entertainment.
The Las Vegas unions are among the most powerful in the United States, covering workers that wait tables, clean hotel rooms and prepare food. 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. 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. 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. Over 3.3 million people visited Las Vegas in August 2023, a 7% decrease from levels during the same period in 2019 before the pandemic, according to data from the Las Vegas Convention and Visitors Authority.
Average room rates were $158.
HONG KONG, Oct 6 (Reuters) - Hundreds of thousands of visitors have flocked to the Chinese-controlled regions of Macau and Hong Kong since Sept. In the world's biggest gambling hub of Macau, about 900,000 visitors swarmed narrow cobblestoned streets, many to punt in dozens of glitzy casinos, while others took selfie photographs at historic spots such as Senado Square. Mass gaming revenues have bounced back to pre-COVID levels, however, analysts said, citing a recovery of more than 100%, although earnings in the coveted "big-whale" VIP category was an estimated 15% of before.
The Culinary Workers and Bartenders unions are demanding higher wages, stronger protections against new technology that may threaten jobs, a reduction in steep housekeeping quotas and improved safety for workers. During the eight-day national holiday, which runs until Friday, the number of daily visitors has surged more than five times from last year, taking hotel occupancy rates beyond 90%, executives said, speaking on condition of anonymity. "The companies have an opportunity to do the right thing and step up and get a contract done, but if not there could be a strike any time after that," said Ted Pappageorge, Secretary-Treasurer for the culinary union.
If you loved this information and you wish to receive more info about 918kiss เครดิตฟรี 50 ไม่ต้องฝาก ไม่ต้องแชร์ i implore you to visit our own web-page. "Any time after October 6th, there could be a strike," he said. The store closures followed the anti-government protests that year and a subsequent crackdown, which hit retail sales that were next battered by nearly three years of stringent COVID rules. (Reporting by Farah Master and Dorothy Kam; Editing by Clarence Fernandez) Oct 6 (Reuters) - The unions representing 53,000 hospitality workers in Las Vegas said on Friday they have seen "no real movement" this week in contract negotiations with casino-resort operators MGM Resorts International and Caesars Entertainment.
The Las Vegas unions are among the most powerful in the United States, covering workers that wait tables, clean hotel rooms and prepare food. 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. 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. 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. Over 3.3 million people visited Las Vegas in August 2023, a 7% decrease from levels during the same period in 2019 before the pandemic, according to data from the Las Vegas Convention and Visitors Authority.
Average room rates were $158.
