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☆ Hundreds of hotel workers go on strike at a casino near the Las Vegas Strip
▼ + stars: | 2024-11-15 | by ( ) www.cnbc.com time to read: +4 min

Hundreds of hotel workers at a casino near the Las Vegas Strip went on strike just before dawn Friday after a long and highly publicized fight for a new contract. The strike at Virgin Hotels Las Vegas marks the first open-ended strike in 22 years for the Culinary Workers Union, the largest labor union in Nevada, with about 60,000 members. Virgin hotel workers are walking out RIGHT NOW at Virgin Las Vegas for a fair contract! "Workers at Virgin Las Vegas deserve a first-class contract with fair wage increases, and they are organized and ready to strike for it." Culinary Union members last went on strike in 2002 for 10 days at the Golden Gate hotel-casino in downtown Las Vegas.

Persons: Ted Pappageorge, Pappageorge, Bethany Khan Organizations: Vegas, Virgin Hotels, Culinary Workers Union, Virgin, Virgin Las, Culinary Union, Workers Locations: Virgin Hotels Las Vegas, Nevada, Virgin Las Vegas, Vegas, Golden, Las Vegas

☆ Inside the secretive operation helping manage billionaire Steve Schwarzman's vast fortune
▼ + stars: | 2024-11-15 | by ( Alex Nicoll | ) www.businessinsider.com time to read: +14 min

Schwarzman has called Blackstone his family office, but he has another family office, BI has learned. Inside Schwarzman's secretive family office with a name that harkens back to his childhood. The concept of the family office can be traced to the 1838 founding of the House of Morgan to handle J.P. Morgan's fortune. Every family office, however, is just as unique as the wealthy family that's spawned it, he said. Advertisement"The term family office," Sharpe said, "is possibly the most misused, overused, and poorly used term in finance today."

Persons: Steve Schwarzman, Schwarzman, Blackstone, —, Averell Harriman, Harriman, Brown, Harry Truman, Donald Trump, Christine Hearst Schwarzman, Gwen Stefani, Theo Wargo, Pennypack, Steve Schwarzman's, Blackstone Schwarzman, Pete Peterson, Marc Sharpe, Michael Dell, Sharpe, they're, Stephen A, John Magliano, Magliano, Paul A ., LLCs, tony Easton, Hearst, Alexi Rosenfeld, Trump's, Stephen Schwarzman, Jabin, Tim Sheehy, Montana, Sheehy, Morgan Organizations: Service, Bloomberg, Ford Motor Co, White, New York Public Library, Metropolitan, Bank of America Securities Financial Services, Blackstone, Vanguard, Family Office Association, Dell Computer, BI, Getty, Schwarzman, LinkedIn, Hearst Schwarzman, Art, Federal Communications Commission, MIT, Humanities, Oxford, New York Public, Schwarzman Education Foundation, Tsinghua University, Policy, Washington, Getty Images Locations: New York, Vietnam, Manhattan, Philadelphia, Blackstone, Schwarzman, Pennypack, Delaware, Nantucket , Massachusetts, Nantucket, Schwarzman's, Newport , Rhode Island, Miramar, Wiltshire, England, Newport ., Beijing, China, North America

They also agreed in principle to bring new electric-vehicle battery plants into the national union contract. After negotiations broke down in early July 2023, Atlanta-based UPS reached a contract agreement with the Teamsters just days before an Aug. 1 deadline. The Culinary Workers Union announced on the social platform X that the deal came together after a year of negotiations. The lead up to the tentative agreement included a three-day strike involving 75,000 workers in multiple states. The tentative agreement also included protective terms around subcontracting and outsourcing, as well as initiatives to invest in the current workforce and address a staffing crisis.

Persons: Martin Luther King Jr, Bethany Khan, AFTRA, Longshoremen Organizations: Boeing, International Association of Machinists, Aerospace Workers, Cornell University's School of Industrial and Labor Relations, Cornell, Unions, UAW, Teamsters, Workers, United Auto Workers, Ford, General Motors, UPS, Teamsters UPS, Games, Screen, American Federation of Television, Radio Artists, Las Vegas Resorts, Culinary Workers Union, Las Vegas, MGM Resorts International, Caesars Entertainment, Wynn Resorts, Kaiser Permanente, Health Care Worker Unions Unions, Hollywood Studios, SAG, International Longshoremen’s Association, U.S . Maritime Alliance, Associated Press Locations: Seattle, America, Atlanta, housekeepers, Kaiser, California, U.S, East

☆ 5 things to know about billionaires, from a personal assistant to the uber-wealthy
▼ + stars: | 2024-09-16 | by ( Madeline Berg | ) www.businessinsider.com time to read: +6 min

Now, he places personal and executive assistants with CEOs, billionaires, and celebrities. Here are five things to know about billionaires, according to a billionaire whisperer. Brian Daniel worked as a personal assistant for ultra-high-net-worth clients — including members of the royal family of Saudi Arabia. "A lot of billionaires like bragging rights, where they want access to things that other people can't get access to." Advertisement"They can afford to pay the bill to have the celebrities come to their parties and be on their yachts," Daniel said.

Persons: —, They're, Brian Daniel, he's, Warren Buffett, there's, Daniel, Damien Hirst, Jeff Bezos —, they're, doesn't, they've, I've, didn't Organizations: Service, Business Locations: Hollywood, Saudi Arabia, Europe

Financial advisor Mark Scribner says rich people waste money on luxury cars and household staff. Millionaires also spend too much money treating their friends and family to expensive dinners. To learn from rich people's mistakes, we spoke to Mark Scribner, financial advisor to millionaires and managing director at Boston-based wealth management firm Carson Wealth. Scribner shares four things rich people spend too much money on, and what we can learn from their mistakes. These vehicles just sit in the garage for months until it's time to show them off to impress friends, family, and colleagues.

Persons: Mark Scribner, Millionaires, Carson, Scribner, Rich, doesn't Organizations: Millionaires, Boston, Carson Wealth, Household

☆ Camp counselors, golf caddies and 10 other people to consider tipping this summer, according to etiquette pros
▼ + stars: | 2024-07-21 | by ( Ryan Ermey | ) www.cnbc.com time to read: +3 min

Roughly 2 in 3 adults have a negative view of the practice, according to a recent survey from Bankrate, and 30% say tipping culture has gotten out of control. Etiquette pros say tipping guidelines are just that — guidelines. "Good tipping feels good for everyone involved," Daniel Post Senning, co-author of "Emily Post's Etiquette, The Centennial Edition," previously told Make It. Here are some people etiquette experts say are worth considering tipping. But many camps forbid counselors from taking tips, says Diane Gottsman, a national etiquette expert and founder of the Protocol School of Texas.

Persons: —, Daniel Post Senning, Emily Post's, they've, Diane Gottsman, Gottsman, You've, Elaine Swann Organizations: Protocol, of Texas, Emily Post, Swann School of Locations: Bankrate

☆ I'm a housekeeper in Palm Beach earning more than I ever imagined due to the influx of young, wealthy families to South Florida
▼ + stars: | 2024-06-30 | by ( Alexandra Bacon | ) www.businessinsider.com time to read: +7 min

Read previewThis as-told-to essay is based on a conversation with Marta Magarelli, 60, a housekeeper in Palm Beach, where housekeepers are in high demand. Now, I work as the executive housekeeper for a family in Palm Beach, earning far more than I ever imagined. Even though I hadn't had experience as an executive housekeeper before, I never let that stop me from taking on a new challenge. AdvertisementThe number of employees in these Palm Beach homes can easily rack up. The market for housekeepers in Palm Beach has changed a lot in recent yearsPalm Beach is a very expensive ZIP code.

Persons: —, Marta Magarelli, It's, Housekeepers, hadn't, it's, I've, housekeepers, I'd Organizations: Service, Business, housekeepers Locations: Palm Beach, Brazil, America, Florida, South Florida, New York

☆ 5 places where you should always tip—except for in these scenarios, according to etiquette experts
▼ + stars: | 2024-06-13 | by ( Ryan Ermey | ) www.cnbc.com time to read: +5 min

"But at places like sit-down restaurants, hair salons, barber shops or getting food delivered, tipping is customary." Just 67% of adults in Bankrate's survey say they always tip at restaurants. "So if you're not tipping in those scenarios, you're really taking money out of the server's pocket." When it comes to those who cut your hair and deliver your food, you should just about always tip, etiquette experts say. In other words, if you asked for a service and out-and-out didn't receive it, you're OK reducing or withholding a tip, etiquette pros say.

Persons: they're, Ted Rossman, Thomas Farley, Mister Manners, Farley, Elaine Swann, Diane Gottsman, Gottsman Organizations: Swann School of, CNBC, Protocol, of Texas Locations: Bankrate, …

☆ Palm Beach housekeepers are raking in $150,000 salaries as the rich flock to Florida, report says
▼ + stars: | 2024-05-25 | by ( Rebecca Rommen | ) www.businessinsider.com time to read: +1 min

Some housekeepers in parts of Florida are earning $150,000 salaries, CNBC reported. Real-estate prices in the Sunshine State have surged as millionaires flock to the area. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementExperienced housekeepers in parts of Florida are enjoying huge salaries of between $120,000 to $150,000, CNBC reported. Demand for such positions has surged in areas like Palm Beach as the rich continue to flock to Florida from high-tax states such as New York.

Persons: — Organizations: CNBC, Sunshine State, Service, housekeepers, Business Locations: Florida, nannies, New York

☆ Palm Beach housekeepers are making $150,000 a year due to massive demand from the wealthy
▼ + stars: | 2024-05-23 | by ( Robert Frank | ) www.cnbc.com time to read: +3 min

Housekeepers in Palm Beach and South Florida are cleaning up, with salaries often topping $150,000 and bidding wars between mansion owners becoming common, according to staffing companies. The mass wealth migration to Florida from New York and other high-tax states has created record demand for household staff in elite Florida enclaves — especially Palm Beach. "We've seen such a boom from people relocating, especially Palm Beach and Miami." In Palm Beach, housekeepers with experience in wealthy homes are typically making between $120,000 and $150,000 a year, along with 401(k) plans, health care and benefits, including overtime. Psitos said she knows one head housekeeper in Palm Beach who makes $250,000 a year, including overtime, and travels with the family to their various homes.

Persons: Robert Frank, housekeepers, I've, Berube, Melissa Psitos, Lily, Psitos Organizations: butlers, The Wellington Agency, Lily Pond Services Locations: Palm Beach, South Florida, Florida, New York, Palm, Palm Beach , Miami , New York, Miami, West Palm Beach

☆ Housekeepers' salaries in Palm Beach have more than doubled since 2020
▼ + stars: | 2024-05-23 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailHousekeepers' salaries in Palm Beach have more than doubled since 2020CNBC's Robert Frank reports on an ancillary effect of the wealth boom in Florida.

Persons: Robert Frank Locations: Palm, Florida

☆ Are Disposable Hotel Slippers the Next Plastic Straws?
▼ + stars: | 2024-04-30 | by ( Elaine Glusac | ) www.nytimes.com time to read: +1 min

In November, managers at the Arenas del Mar resort near Manuel Antonio National Park in Costa Rica, challenged employees to come up with ways to operate more sustainably. “It’s very wasteful.”Like plastic straws and mini bottles of shampoo, disposable slippers — flimsy models usually made of plastic and fabric, and often found bedside at turndown or bagged in hotel closets — are the next single-use item in the cross hairs of sustainability activists. “Anything single-use is problematic,” wrote Willy Legrand, a sustainable hospitality expert and a professor at the IU International University of Applied Sciences in Bad Honnef, Germany, in an email. He cited the large footprint of a small slipper once you factor in production, shipping and waste. Single-use slippers, he said, “feel out of place and out of touch.”

Persons: Manuel, ”, Hans Pfister, “, Willy Legrand Organizations: Arenas, Cayuga, IU International University of Applied Sciences Locations: Mar, Costa Rica, Bad Honnef, Germany

☆ Routine jobs raise the risk of cognitive decline by 66% and dementia by 37%, study says
▼ + stars: | 2024-04-17 | by ( Sandee Lamotte | ) edition.cnn.com time to read: +5 min

Having a routine job with little mental stimulation during your 30s, 40s, 50s and 60s was linked to a 66% higher risk of mild cognitive impairment and a 37% greater risk of dementia after the age of 70, according to the study, when compared with having a job with high cognitive and interpersonal demands. Attending college, for example, reduced the impact of a repetitive job by about 60% but didn’t fully negate the risk. Routine jobs that were not classified as “cognitively protective” often involved repetitive manual and mental tasks, such as is typical of factory work and bookkeeping. “Most people in routine jobs in our sample included housekeepers, custodians, construction workers and mail carriers,” Edwin said. More cognitively demanding jobs were not based on routine tasks, even though repetition was required at times.

Persons: ”, Dr, Trine Edwin, Edwin said, Richard Isaacson, Isaacson, ” Edwin, Edwin, It’s, ” Isaacson Organizations: CNN, Oslo University Hospital, American Academy of Neurology, “ Locations: Norway, Florida

☆ I pay $2,000 to live with 15 roommates in a Harlem townhouse. My biggest fear was loneliness — this is the perfect solution.
▼ + stars: | 2024-03-12 | by ( Elle Hardy | ) www.businessinsider.com time to read: +6 min

You're screened before you can move inThe Cohabs team ensures you have the right vibe and are there for the right reasons before you can sign a lease. The rent is fair to me for what I getA bedroom in a Cohabs house. AdvertisementThe roof deck in a Cohabs house. One of the kitchens in a Cohabs house. The Cohabs team really emphasizes this — on the first Sunday of every month, they send us a brunch for everyone to bond over.

Persons: —, Elisa, Cohabs, There's, Cohabs I've, would've, We've Organizations: Service, Business Locations: New York City, Paris, New York, France, Brooklyn, Manhattan, Harlem, Europe

☆ Martha Stewart could function on 3 hours of sleep as she built her business empire
▼ + stars: | 2024-01-30 | by ( Anneta Konstantinides | ) www.businessinsider.com time to read: +4 min

Martha Stewart started her catering business in 1973 from her basement in Westport, Connecticut. Her former catering staff said Stewart could function on three hours of sleep. AdvertisementBefore she became a cookbook author , a business mogul, and the first self-made female billionaire in America , Martha Stewart was a caterer. Stewart in her kitchen in 1976, where she launched her catering business. AdvertisementStewart, now 82, said at a recent MasterClass event that she still wakes up "really, really early" — as soon as the sun rises.

Persons: Martha Stewart, Stewart, —, Alexis, Susan Wood, Martha, Carla Hall, Louise Felix, Felix, Dolly Parton, Parton, I've, it's Organizations: Service, CNN, Wall Street, Westport News, Revlon, Metropolitan Museum of Modern Art Locations: Westport , Connecticut, America, Connecticut, Westport, Turkey, Fairfield County, New York City, Bedford , New York

☆ Las Vegas hospitality unions ratify contract with Wynn Resorts
▼ + stars: | 2023-11-23 | by ( ) www.reuters.com time to read: +1 min

Nov 22 (Reuters) - Unions representing hospitality staff in Las Vegas said on Wednesday that workers employed at Wynn Resorts (WYNN.O) have voted in favor to ratify a new five-year contract, days after similar moves by its competitors Caesars Entertainment (CZR.O) and MGM Resorts International (MGM.N). The unions, which represent about 5,000 employees at Wynn Resorts properties, said 99% of its members voted in favor of the new agreement. Earlier this week, union members at Caesars and MGM voted to ratify their contracts. The total compensation won by the Culinary Union for workers employed at MGM Resorts, Caesars Entertainment, and Wynn Resorts casino properties is about $2 billion over the five-year contract, according to Ted Pappageorge, secretary-treasurer at Culinary Union . Meanwhile, the unions said separate negotiations for 10,000 workers including cooks, bartenders and housekeepers, are ongoing with 24 smaller casinos and resorts for a new five-year contract.

Persons: Wynn, Ted Pappageorge, Mrinmay Dey, Sonia Cheema Organizations: Wynn Resorts, Caesars Entertainment, MGM Resorts International, Caesars, MGM, Culinary Union, MGM Resorts, Las, Thomson Locations: Las Vegas, United States, Bengaluru

☆ I'm a housekeeper at a hotel where a 1-night stay costs more than I make in 2 weeks
▼ + stars: | 2023-11-21 | by ( Katherine Tangalakis-Lippert | Erin Snodgrass | ) www.businessinsider.com time to read: +5 min

Two housekeepers at luxury hotels told BI they're after fair wages and humane working conditions. One said a single-night stay at the hotel where she works costs more than she makes in two weeks. "I want them to understand and to realize that we have families," Reyes told Business Insider through a translator, Maria Hernandez, with the communications department of Unite Here Local 11. Those that have reached agreements have provided hotel workers with wage increases, staffing agreements to prevent shortages, as well as pension increases that Unite Here Local 11 says will help workers "retire with dignity." "Everybody is very enthusiastic," Galindo told Business Insider.

Persons: —, They've, Maribel Reyes, she's, Reyes, Maria Hernandez, Elizabeth Galindo, Galindo Organizations: Service, Workers, Waldorf, Le, Westin Bonaventure, Biltmore, Loews Hollywood, Cliffs, Hilton Anaheim, Business Locations: Los Angeles, Los Angeles , California, Beverly Hills, Unite, Santa Monica, Dana Point, Anaheim

The new five-year agreement covers 5,000 employees at two Wynn Resorts properties and follows similar deals for 35,500 workers with rivals Caesars Entertainment (CZR.O) and MGM Resorts International (MGM.N) earlier this week. The deal with Wynn and the Culinary Workers and Bartenders Unions marks the end of negotiations between the unions and the largest casino operators in the city. Casino resort operators in Las Vegas have been earning record profits from a steady post-pandemic recovery. Visits to the city in September were 4% lower than in the same period in 2019, according to data from the Las Vegas Convention and Visitors Authority. The city will be hosting the Formula 1 Las Vegas Grand Prix this month and the Super Bowl, which is scheduled to take place in February.

Persons: Wynn, Daniel, Ananta Agarwal, Shivansh, Anil D'Silva, Arun Koyyur, Rod Nickel Organizations: Hospitality, Wynn Resorts, Caesars Entertainment, MGM Resorts International, Culinary Workers, Bartenders Unions, Hilton Worldwide, Hilton, Las, Vanderbilt University, Las Vegas Convention, Visitors Authority, Las Vegas, Thomson Locations: Las Vegas, United States, Bengaluru, Doyinsola, New York

☆ Las Vegas Strip Workers Forge Tentative New Labor Deals With Casinos
▼ + stars: | 2023-11-10 | by ( Katherine Sayre | ) www.wsj.com time to read: 1 min

The contract deals cover about 35,000 workers at Wynn Resorts, MGM Resorts and Caesars Entertainment. Photo: Bridget Bennett/Bloomberg NewsLas Vegas Strip casino workers and three gambling companies struck labor contract deals this week after months of negotiations, narrowly avoiding a strike ahead of the high-stakes Formula One race weekend in the city. The Culinary and Bartenders unions had set a Friday strike deadline to reach deals for about 35,000 workers at MGM Resorts , Caesars Entertainment and Wynn Resorts . The unions represent housekeepers, bartenders, servers, bellmen and other hospitality workers in Las Vegas. The tentative agreements for five-year contracts affect workers at 18 casinos including flagship properties Caesars Palace, the Bellagio and Wynn.

Persons: Bridget Bennett Organizations: Wynn Resorts, MGM Resorts, Caesars Entertainment, Bloomberg News Las Vegas, Bellagio, Wynn Locations: Las Vegas

“Las Vegas needs to be full service," he said last month. But by dawn Friday, the union had secured tentative labor deals with MGM Resorts, Caesars and Wynn Resorts, narrowly averting a sweeping strike at 18 hotel-casinos along the Strip. Before the pandemic, daily room cleanings were routine. Some companies say it's because there are environmental benefits to offering fewer room cleanings, like saving water. A spokesman for Wynn Resorts said they already offer daily room cleanings and did not cut back on that service during the pandemic.

Persons: Ted Pappageorge, —, Wynn, weren't, Pappageorge, bellman, ”, David Edelblute, Rory Kuykendall, Jennifer Black, “ Organizations: LAS VEGAS, Las, Culinary Workers Union, MGM Resorts International, Caesars Entertainment, Wynn Resorts, MGM Resorts, Caesars, MGM, Associated Press, Flamingo Locations: Las Vegas, Vegas, —, Flamingo Las Vegas

☆ Latest Las Vegas labor deal ends threat of huge hotel strike
▼ + stars: | 2023-11-10 | by ( Chris Isidore | ) edition.cnn.com time to read: +6 min

New York CNN —Friday morning in Las Vegas saw labor peace, and not a threatened strike along the Strip, as the Culinary union has reached its third tentative labor deal in three days with a casino operator. Since that peak, rents in Las Vegas have come down slightly, following national trends, and the typical rent in the city was $1,808 in September of this year. Overall, the city has about 150,000 hotel rooms, according to the Las Vegas Convention and Visitors Authority. It also eliminated a lower tier of pay for many union members and gave bigger pay hikes to some part-time workers. And about 15,000 union members have been waging a series of set-duration on-and-off strikes against 65 hotels in Los Angeles and Orange counties in California since July 4.

Persons: Wynn, “, ”, Michael Weaver, Ted Pappageorge, that’s Organizations: New, New York CNN, Wynn Resorts, MGM Resorts International, Caesars Entertainment, Caesars, MGM, Wynn Las, Las Vegas, Las Vegas Convention, Visitors Authority, Cornell University’s, SAG, United Auto Workers, General Motors, Ford, Kaiser Permanente, Teamsters, UPS, UAW — Locations: New York, Las Vegas, Wynn Las Vegas, Las, Detroit, Los Angeles, Orange, California

Casino resort operators have been earning record profits from a steady post-pandemic recovery in Las Vegas tourism. Caesars Entertainment (CZR.O), the second-biggest Las Vegas casino operator by number of employees, said the deal provides "meaningful wage increases" and aligns with plans to bring more union jobs to the Strip. Visits to the city in September were 4% lower than in the same period in 2019, according to data from the Las Vegas Convention and Visitors Authority. The city is gearing up for events including the Formula 1 Las Vegas Grand Prix this month, which is expected to draw thousands of tourists. TALKS WITH MGM, WYNN CONTINUETalks with casino operators MGM Resorts International (MGM.N) and Wynn Resorts (WYNN.O) are yet to yield an agreement ahead of Friday's deadline for a strike.

Persons: Steve Marcus, Ted Pappageorge, we've, Pappageorge, Erik Gordon, Daniel Busby, WYNN, William Hornbuckle, Wynn, Barry Jonas, Jonas, Shivansh Tiwary, Ananta Agarwal, Rod Nickel, Stephen Coates Organizations: Caesars Entertainment Corp, REUTERS, Las Vegas Sun, Caesars Entertainment, Culinary Workers, Bartenders Unions, Culinary Union, Las, housekeepers, Las Vegas Convention, Visitors Authority, Las Vegas, Companies, University of Michigan, Paris Las Vegas, Caesars, MGM, MGM Resorts International, Wynn Resorts, Wynn, Vegas . Caesars, Thomson Locations: Las Vegas , Nevada, Las Vegas, Vegas, United States, Vegas ., Bengaluru, Doyinsola, New York

LAS VEGAS (AP) — MGM Resorts International, the largest employer on the Las Vegas Strip, was close to reaching a tentative deal with the hotel workers union, the casino company’s CEO said as the clock ticked closer to a union deadline for a sweeping strike. “This deal, when announced, will do just that.”During a break in bargaining, the union’s chief contract negotiator said he welcomed Hornbuckle’s sentiments. The union caught a break at dawn Wednesday when it reached a tentative deal with Caesars that covers 10,000 workers at the company’s flagship Caesars Palace, as well as Flamingo, Harrah’s, Horseshoe, Paris Las Vegas, Planet Hollywood, Cromwell and Linq. But experts say a walkout isn’t likely now that the union has a blueprint for a contract after reaching its breakthrough deal with Caesars. That includes walkouts in Hollywood, UPS’ contentious negotiations that threatened to disrupt the nation’s supply chain, and the ongoing hotel workers strike at Detroit’s three casinos, including MGM Grand Detroit.

Persons: Bill Hornbuckle, ” Hornbuckle, “, Ted Pappageorge, Cromwell, Linq, Joshua Guray, Guray, ”, Bill Werner, Tiffany Thomas, Bethany Khan, hasn’t, Khan, ” Khan Organizations: LAS VEGAS, MGM Resorts International, Las, Culinary Workers Union, MGM Resorts, Caesars Entertainment, Wynn Resorts, Caesars, Associated Press, University of Nevada, MGM Grand Detroit, Las Vegas, MGM, Wynn, Workers Locations: Harrah’s, Horseshoe, Paris Las Vegas, Las Vegas, Los Angeles, Hollywood, Luxor, Mandalay Bay, New York

Casino-resort operators have been earning record profits from a steady post-pandemic recovery in tourism to Las Vegas. Visits to the city in August were just 7% lower than in the same period in 2019, according to the Las Vegas Convention and Visitors Authority. The city is also gearing up for major events including the Formula 1 Las Vegas Grand Prix this month, which is expected to draw more than 100,000 tourists. TALKS WITH MGM, WYNN CONTINUETalks with operators MGM Resorts International (MGM.N) and Wynn Resorts (WYNN.O) are yet to yield an agreement ahead of the Nov. 10 deadline for a strike. Caesars shares were up about 3% in early trading, while MGM and Wynn Resorts rose 1.6% and 0.5%, respectively.

Persons: Steve Marcus, Erik Gordon, WYNN, Barry Jonas, Shivansh Tiwary, Ananta Agarwal, Sriraj Kalluvila, Arun Koyyur Organizations: Caesars Entertainment Corp, REUTERS, Las Vegas Sun, Caesars Entertainment, Culinary Workers, Bartenders Unions, Las, housekeepers, Las Vegas Convention, Visitors Authority, Las Vegas, Companies, University of Michigan, MGM, MGM Resorts International, Wynn Resorts, Wynn, Caesars, Thomson Locations: Las Vegas , Nevada, Las Vegas, Vegas, United States, Bengaluru

LAS VEGAS (AP) — The labor union representing tens of thousands of Las Vegas hospitality workers announced Wednesday that it had reached a tentative deal with casino giant Caesars Entertainment, a major breakthrough that could help avert an unprecedented strike at more than a dozen hotel-casinos on the Las Vegas Strip. A walkout could still happen if deals aren't reached by 5 a.m. Friday with MGM Resorts International and Wynn Resorts. Negotiations with MGM Resorts were scheduled for Wednesday and Wynn Resorts on Thursday. It would also follow hospitality workers walking off the job last month at Detroit’s three casinos, including MGM Grand Detroit. That includes the Bellagio, Paris Las Vegas and MGM Grand.

Persons: aren't, “, Bethany Khan, ”, Leslie Lilla, ” Leain, Cindy Hiatt, Michelle Shirley, ” Hiatt, Khan, hasn't Organizations: LAS VEGAS, Caesars Entertainment, Las, Culinary Workers, MGM Resorts International, Wynn Resorts, Caesars, Culinary Union, MGM Resorts, UniteHere Team, UPS, MGM Grand Detroit, Bellagio, Las Vegas, Paris Las Vegas, MGM, Wynn, Park MGM, Paris Las, Associated Press Locations: Vegas, Las Vegas, Hollywood, America, Paris, Luxor, Mandalay Bay , New York, New York, Paris Las Vegas, Missouri

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