Noticias de ultima
  • 12.00 What trends are shaping the future growth of the global gambling market?
  • 12.00 South Africa: Proposed Economic Opportunity Tax for Casino Licensees Relocating Operations in the Western Cape
  • 12.00 Sri Lanka Advances Gambling and Junket Regulation Bill Before Melco Casino Launch
  • 12.00 EGT Digital has expanded its partnership with Bangbet in Nigeria, Africa
  • 12.00 SBC Summit Malta Highlights Strong Global Appeal with a new identity
  • 12.00 Cirsa Announces Plans for Stock Market Listing in Spain
  • 12.00 Amusnet presents Dice Ways Exclusively on Sisal for Italian Players
  • 12.00 Swedish Gambling Authority Challenges Court Ruling on Svenska Spel Sport & Casino AB
  • 12.00 21VIRAL Highlights Strategic Alliances and AI-Driven Innovation at SBC Summit Malta 2025
  • 12.00 Successful closing of Peru Gaming Show 2025
Others

Last-Minute Deal Averts Casino Strike in Atlantic City

Friday 01 de July 2022 / 13:32

2 minutos de lectura

(Atlantic City).- The main union for Atlantic City casino workers reached agreements on new contracts with four casinos on Thursday, providing for what one its president called “the best contract we've ever had” and labor peace that will avoid a strike on Fourth of July weekend, one of the casinos’ busiest of the year.

Last-Minute Deal Averts Casino Strike in Atlantic City

Local 54 of the Unite Here union reached tentative agreements with the Borgata, which is owned by MGM Resorts International, and three Caesars Entertainment casinos: Caesars, Harrah’s and the Tropicana.


A Sunday strike deadline remains against the Hard Rock casino, but the new pacts appear to greatly increase the likelihood of a deal getting done with Hard Rock as well.


“This is the best contract we've ever had,” union president Bob McDevitt told The Associated Press shortly after a deal was reached around 11 p.m. “We got everything we wanted and everything we needed. The workers delivered a contract that they can be proud of for years to come.”


Workers, too, were elated at the deal.


“I’m super excited,” said Ronnette Lark, a housekeeper at Harrah’s. “I've been here 24 years and we’ve never gotten a raise like this. We got big raises.”


The union did not reveal the terms of the settlement, saying they need to be presented to the full union membership and ratified before taking effect. But it said it had been seeking “significant” raises to help employees keep pace with rising costs.


Representatives of the four casinos did not immediately respond to requests for comment on the agreements.


The settlements come at a crucial time for Atlantic City and its casino industry, which is striving to recover from losses caused by the pandemic and exacerbated by inflation and a labor shortage.


Yet those same factors were the driving force behind the union seeking a much larger raise than it had in past years; the exact amount has not been made public. In past contracts, the union concentrated on preserving health care and pension benefits, but this time sought what it termed “significant” raises for workers to help them keep pace with spiraling prices for gasoline, food, rent and other living expenses.


The deals avoided what would have been the city’s first casino strike since 2016, when the union rejected demands by billionaire Carl Icahn that the Trump Taj Mahal casino operate without health care and pension benefits that were terminated by a bankruptcy court.


The union went on strike on July 1, and the casino shut down on Oct. 10. It was sold months later to Hard Rock International, which gutted it and reopened it as the new Hard Rock Atlantic City in June 2018.


The finances underlying the current dispute are complex.


Including internet gambling and sports betting revenue, the casinos and their online partners have won $1.8 billion over the first five months of this year. That’s up more than 49% from the same period in 2019, before the coronavirus hit.


But the casinos claim those figures are misleading because third-party partners keep about 70% of internet and sports betting revenue, leaving little for the brick-and-mortar casinos.


They say a more accurate metric is money won from in-person gamblers. By that measure, the casinos have won only 5% more than they did from in-person gamblers over the first five months of 2019. Only three casinos — Borgata, Hard Rock and Ocean — have won more from in-person gamblers in that time frame.

Categoría:Others

Tags: Sin tags

País: United States

Event

Peru Gaming Show 2025

18 de June 2025

Successful closing of Peru Gaming Show 2025

(Lima, SoloAzar Exclusive).- With a great attendance and an agenda full of innovation, the 2025 edition of Peru Gaming Show (PGS), one of the most relevant events of the gaming industry in Latin America, came to a successful conclusion.

Friday 20 Jun 2025 / 12:00

PGS 2025: The Future of Gaming in Latin America is Discussed Today in Lima

(Lima, SoloAzar Exclusive).- The second day of Peru Gaming Show 2025 is packed with innovation, networking, and strategic analysis. With 87 exhibitors, keynote addresses, and business opportunities, today's discussion focuses on challenges in marketing, regulation, and the evolution of online gaming. Learn more in this article.

Thursday 19 Jun 2025 / 12:00

PGS 2025: The Largest Games of Chance Event in Latin America Starts Today, Bringing Together the Industry in Lima

(Lima, SoloAzar Exclusive).- Peru Gaming Show, the largest international gaming show in Latin America with 22 years of experience, begins a new edition today at the Jockey Exhibition Center. PGS covers topics of interest to the industry and will bring together more than 8,000 visitors from around the world to learn about the latest developments and interact with industry executives. Learn more in this article.

Wednesday 18 Jun 2025 / 12:00

SUSCRIBIRSE

Para suscribirse a nuestro newsletter, complete sus datos

Reciba todo el contenido más reciente en su correo electrónico varias veces al mes.

PODCAST

MÁS CONTENIDO RELACIONADO