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Want to Understand America? Watch ‘Shark Tank.’
  + stars: | 2024-10-17 | by ( Jordyn Holman | ) www.nytimes.com   time to read: +19 min
“Shark Tank” Over the Years Season 1 (2009-10) The show premiered against the backdrop of the Great Recession. “‘Shark Tank’ is not a game show,” said Kevin O’Leary, a cutthroat investor known sarcastically in the tank as Mr. “Shark Tank” debuted less than a year after the subprime mortgage crisis devastated the global economy. But those kinds of companies are rarely reflected on “Shark Tank” for one simple reason: They don’t make for good TV. “The buyer gave us a shot at Target because of the ‘Shark Tank’ appearance.”“We turn you into a rock star and you become part of the ‘Shark Tank’ culture and the lore of ‘Shark Tank’,” said Mr. O’Leary.
Persons: Tod Wilson, Mark Cuban, Shark Lori Greiner, , Kevin O’Leary, Barbara Corcoran, Corcoran, Mark Burnett, Lehman Brothers, , Daymond John, John, ” Mr, Wilson, Ms, Angela Lee, Halle Tecco, Jamie Siminoff, Siminoff, O’Leary, Siminoff “, Mr, Robert Herjavec, Burnett, Herjavec, TJ Maxx, Lori Greiner, Greiner, Michael Jones, Taryn Jones Laeben, ” Tod Wilson, Lee, Sarah Paiji Yoo, Dave Heath, Ann Crady Weiss, Hatch, Weiss Organizations: ABC, Sharks, QVC, Amazon, Bombas, Corcoran Group, “ Tigers, , Twitter, Marketplace, Valley . Producers, Las, Columbia Business School, Halle, Four, Smart Tire Company, TJ, Tank, Tank Venture, Science Inc, Forbes, IRL Ventures, Educators, Blueland Locations: Angeles, Valley, Manhattan, America, Britain, Canada, United States, Houston, Somerset, N.J, Las Vegas, cybersecurity, Target, U.S, Los Angeles, Wegman’s, Minneapolis, Queens
Organic sales, which exclude Covid testing, were up 8.2% from the year-ago period. Bottom line In its third quarter, Abbott Labs demonstrated why we wanted to stick with the stock in the face of legal battles that emerged earlier this year and spooked investors. "There's just a lot to like with the Abbott quarter." As Abbott's organic sales growth continues to shine, the market will realize both concerns are overblown. The company reiterated its full-year organic sales growth outlook of 9.5% to 10%.
Persons: ABT, Abbott, Jim Cramer, Dexcom, Robert Ford, Ford, Lingo, , it's, Edwards, Jim Cramer's, Jim, Ethan Miller Organizations: Abbott Laboratories, Revenue, Abbott Labs, NEC, Abbott, Ford, and Drug Administration, Centers for Disease Control, National Institutes of Health, CNBC, Las Vegas Convention, Getty Locations: U.S, Missouri, Las Vegas , Nevada
Elon Musk's Las Vegas tunnel network has faced at least 67 trespassing incidents since 2022. Musk's Boring Company wants to expand its Vegas network to create a 68-mile loop. AdvertisementElon Musk's Las Vegas tunnel network has a trespassing problem. Related storiesThe Boring Company's Las Vegas tunnel opened in 2021. The Boring Company and Las Vegas Convention and Visitors Authority did not respond to a request for comment, sent outside normal working hours.
Persons: Elon, , Musk's, Boring, Elon Musk Organizations: Musk's Boring Company, Service, Las Vegas Convention, Fortune, Visitors Authority, Elon, Boring Company, Boring Locations: Las Vegas, Teslas
Mobile World Congress, a mobile communications trade show, is coming to Las Vegas this week. Techies, salespeople, and industry executives are arriving in Nevada this week for MWC Las Vegas, which kicks off today. The annual mobile-communications trade show brings more than 250 exhibitors, sponsors, and partners to the Las Vegas Convention Center in Sin City from Tuesday to Thursday. 5G technology is on track to add $210 billion in GDP to the North American economy by 2030, GSMA's "Mobile Economy North America" report said. The trade show in Vegas comes more than seven months after Mobile World Congress Barcelona, which is also hosted by GSMA.
Persons: , Lara Dewar, GSMA, Dewar, Booz Allen, Ulf Ewaldsson, Nvidia's, Ronnie Vasishta, Shankar Arumugavelu, Randi Zuckerberg, Hug, Mark Zuckerberg's Organizations: Mobile, Las, Service, MWC Las Vegas, Nvidia, Salesforce, Las Vegas Convention, MWC, Vegas, Enterprise, GSMA Intelligence, Verizon, Qualcomm, Cisco, Microsoft, Samsung, Apple, Apple Intelligence, Google, MWC Americas, Congress Barcelona, GSMA, Motorola, Lenovo, Verizon Global Services, Department of, Air Force's Locations: Las Vegas, Nevada, Sin City, North, America, Vegas, Venice
Ultra-luxury travel concierge Sienna Charles' clients have an average net worth starting at $100 million. Its founder explained how its clients do Las Vegas, from the best hotels to the top restaurants. While you'd be right, you'd also be missing one key destination — Las Vegas. India said Las Vegas is a once-a-year trip for some of Sienna Charles' clients. However, unlike most attendees, Sienna Charles' clients also get VIP or backstage access tickets.
Persons: Sienna Charles, , you'd, Jaclyn Sienna India, Eric Lo, George W, Mariah Carey, Carbone, Bauer, Griffin, Fleur de Lis, Connie Zhou, Kit Leong, Mott, Cipriani, Delilah, Rachel Askinasi, Wynn, Dine, Tayfun, Katy Perry's, Gaga's Organizations: Service, New, Hamptons, Las Vegas Convention, Visitors Authority, Fortune, AaronP, Wynn Las, butlers, Carbone's, Anadolu Agency, Getty, Resorts Locations: Vegas, Las Vegas, London, Paris, Sin, India, Nevada, Vegas India, Wynn Las Vegas, Fontainebleau's, Fontainebleau, Vegas Mott, Peking, New York, York, Las, Wellington
Federal agency finds Globe Life tolerated nonconsensual touch, unwelcome genital exposure, sexual quid-pro-quos at top agency. EEOC says agents at the Globe Life agency were employees, not contractors. Equal Employment Opportunity Commission has found that Globe Life tolerated a "pervasive pattern of harassing conduct" against women at one of its top-producing sales agencies. American Income Life is one of five wholly owned subsidiaries of Globe Life that sell life, accident, and supplemental health insurance. Globe Life disclosed that risk in its filing this morning with the SEC and said it would fight any such lawsuit vigorously.
Persons: EEOC, , Arias, Mark P, Carey, Renee Zinsky, Michael Russin, she'd, Zinsky, AIL, Sarah Reay, Matthew D, Trina Orlando, Anne Rose Dana, King, Jennifer Haworth, Simon Arias, partied, marshaling, Globe, Panda, Wilmer Hale, Matt Darden, Abeni Mayfield, Department of Justice —, Deborah A, Kane, Amy Williamson Organizations: Globe Life, Service, Commission, Business, BI, Globe, Arias Organization, Securities and Exchange Commission, Wexford, King & Spalding, Las, Department of Justice, Research, SEC Locations: Southport , Connecticut, Wexford, Pennsylvania, Morgantown , West Virginia, Las Vegas, Columbia , Maryland, Pittsburgh
At least, that's what real estate developer Rob Lauer envisions with his plans to build a spaceport near Las Vegas. Lauer, a former US Army military police officer, is the CEO of Las Vegas Spaceport. The spaceport would offer educational programs for potential flyers and a STEM programA rendering of a STEM academy by Las Vegas Spaceport. As smaller companies like Las Vegas Spaceport look to enter the industry, some travelers are already excited to take flight. Las Vegas Spaceport scored a win in May when the Clark County Commission "unanimously" approved construction permits for an airstrip, according to the Las Vegas Review-Journal.
Persons: , Rob Lauer, Lauer, George Rose, New Shephard, Jeff Bezos, Richard Branson's Virgin, it's Organizations: Service, US Army, Las, Business, Las Vegas, Billboard, Boca, FAA, Las Vegas Convention, Visitors Authority, SpaceX, Elon Musk's astronautics, Richard Branson's Virgin Galactic, Pew Research Center, Las Vegas Executive, Vegas, Clark Locations: Nevada, Las Vegas, Las, United States, Boca Chica, New, Clark, Nye County, Southern Nevada
Elon Musk's the Boring Company is in the process of expanding its tunnel system under Las Vegas. Fortune reported the company mistakenly exposed the base of pillars that support the Vegas monorail. The monorail was temporarily shut down and the company was issued violations, Fortune reported. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . The Boring Company opened a 1.7-mile tunnel project in 2021 to transport passengers beneath the Las Vegas Convention Center in Teslas.
Persons: Elon, Fortune, , Elon Musk Organizations: Boring, Las Vegas, Service, Company, Elon, Vegas, Fortune, The Boring Company, Vegas Convention, Business Locations: Las, Las Vegas, Clark County, Teslas, Vegas
Heightened tensions in the Middle East, including the possibility of Iran attacking Israel, sent stocks back down and oil prices higher. If the choice is between a weak economy with lower rates or a strong economy with higher rates, we'll take the strong economy every time. Low rates may help with valuation multiples, but it's a strong economy that leads to earnings growth and that's what we, as long-term investors care about. Shelter costs are a major sticking point for overall inflation, which makes Tuesday's housing starts and building permits report a key watch item. We'll get another look at housing with the release of the March existing home sales report on Thursday.
Persons: we've, we'll, Morgan Stanley, Wells, bode, we're, Goldman Sachs, Charles Schwab, Johnson, ERIC, JB Hunt, Kinder Morgan, DR, Ally, Huntington, Jim Cramer's, Jim Cramer, Jim, Abbott, Ethan Miller Organizations: Dow Jones, Wednesday, Federal Reserve, Abbott Labs, Cardiovascular Systems, Diagnostics, Procter & Gamble, Constellation Brands, Procter, T Bank, Bank of America, Bank of New York Mellon, BK, PNC Financial, PNC, Ericsson, United Airlines, Interactive, ASML Holdings, US Bancorp, Citizens, Alcoa, CSX, Discover Financial, Nokia, Alaska Air, Blackstone BX, McLennan, Netflix, PPG Industries, Gamble, Financial, American Express, Jim Cramer's Charitable, CNBC, Las Vegas Convention, Getty Locations: Iran, Israel, China, Marsh, Las Vegas , Nevada
Some workers at The Boring Company experienced injuries including chemical burns, Bloomberg reported. AdvertisementSome workers at The Boring Company have dealt with chemical burns and close-call accidents during the construction of the Las Vegas tunnel system, according to a recent report from Bloomberg. Bloomberg reported that OSHA fined The Boring Company $112,504 last fall after it found eight "serious" violations. A spokesperson from The Boring Company did not respond to requests for comment from Business Insider or Bloomberg. The Las Vegas tunnel is used to ferry people back and forth on Teslas from the Las Vegas Convention Center to other nearby attractions.
Persons: , Musk Organizations: The Boring Company, Bloomberg, OSHA, Boring, Service, The, Company, Las, Conventions, Resorts, Occupational Safety, Health Administration, The Boring, Business, Las Vegas Convention, SpaceX Locations: Las Vegas, Hawthorne , California, Vegas
A model of a Wisk Aero LLC electric vertical takeoff and landing (eVTOL) air taxi during the Singapore Airshow in Singapore, on Wednesday, Feb. 21, 2024. Bloomberg | Bloomberg | Getty ImagesSINGAPORE — Among displays of defense jets, passenger airliners and high-tech aviation equipment at the Singapore Airshow were electric air transport vehicles — touted as the future of urban transportation. Electric vertical take-off and landing vehicles, or eVTOLs, which can land and take off vertically can be used as air taxis, for cargo delivery, medical and emergency response transportation and as private vehicles. A vertical takeoff electronic aircraft from Supernal is seen outside the Las Vegas Convention Center during the Consumer Electronics Show in Las Vegas, Nevada on Jan. 10, 2024. A cabin of an electric vertical take-off and landing (eVTOL) aircraft developed by Eve Air mobility displayed during the International Paris Air Show on June 20, 2023.
Persons: eVTOLs, Brendan Smialowski, Johann Bordais, Eve, Jaiwon Shin, Shin, Supernal's, Tencent, Catherine MacGowan, Wisk, MacGowan, Supernal's Shin, Geoffroy Van Der Organizations: Aero, Bloomberg, Getty, Singapore Airshow, CNBC, Hyundai Motor Group, Boeing, Embraer, Air Mobility, Las Vegas Convention, Consumer, Afp, Mobility, Singapore, Asia Companies, Olympic, Japan Airlines, Korea's, Korean Air, Supernal, Incheon International Airport, Eve, International Paris Air Locations: Singapore, SINGAPORE, Supernal, Las Vegas , Nevada, Asia, U.S, Brisbane, Australia, Japan, Asia —, South Korea, Korea, Incheon, South, Geoffroy Van Der Hasselt
Why the NFL went all in on sports gambling
  + stars: | 2024-02-10 | by ( Chris Isidore | ) edition.cnn.com   time to read: +6 min
On Sunday, the NFL will hold its first Super Bowl in Las Vegas, a city built on gambling. Even in 2003, gambling was as much a part of the NFL as tailgating, helmets and shoulder pads. Yet the change in the league’s relationship with sports gambling couldn’t be more obvious as it prepares for its first Super Bowl in Sin City. That direct spending is only part of the way the NFL has learned to profit from legalized gambling. The column came four years before the Supreme Court opened the door for legal sports gambling.
Persons: , Victor Matheson, ” Matheson, Jeff Miller, Bud, Miller, , Andrew Zimbalist, ” Zimbalist, Adam Silver, it’s, Zimbalist, ” CNN’s Alicia Wallace Organizations: New, New York CNN, National Football League, Super, Las Vegas Convention, Visitors Authority, NFL, College of, Gambling, Sports, Super Bowl, Caesars Entertainment, American Gaming Association, Smith College, New York Times, NBA, of Columbia Locations: New York, Las Vegas, Sin City, Nevada, , California, Texas
Las Vegas hopes to hit the jackpot with the Super Bowl
  + stars: | 2024-02-10 | by ( Alicia Wallace | ) edition.cnn.com   time to read: +10 min
CNN —When Super Bowl Sunday rolls around each year — whether it’s in Miami, New Orleans, Los Angeles or Minneapolis — Las Vegas still draws the crowds. It took years — and a Supreme Court ruling legalizing sports betting — for the National Football League to view Las Vegas in a different light. “We’re sold out, have been for the last month,” said Paul Hobson, general manager of the Sahara Las Vegas hotel-casino. “Las Vegas has a lot of people going there for Super Bowl weekend anyway,” Stephenson said. Additionally, the visitors it attracts spend a whole lot more than the ones who would show up on your typical Super Bowl weekend, Hill said.
Persons: they’ve, Steve Hill, ” Hill, , Hill, We’re, , Paul Hobson, It’s, Aaron J, Thornton, famer Michael Irvin, ” Hobson, Noel Bowman, you’re, ” It’s, Bowman’s, “ We’ve, Vince Lombardi, Ethan Miller, Frank Stephenson, ” Stephenson, Kirby Lee, “ We’re, “ That’s, Winston Fisher, David Farris, Café Lola, George Kittle, Travis Kelce, Lin Jerome, Lola, Alexandra Lourdes, “ It’s, Felicia Parker, she’s, Parker, it’s, Harry Reid Organizations: CNN, Minneapolis —, Football, Super, Las Vegas Convention, Visitors Authority, Las Vegas, National Football League, Playmakers Party, FHM, famer, NFL, Sunday, Visitors, Las, Super Bowl, Priceline, Berry College, of Sports Economics, USA, Reuters, Bowl, Business Connect, , Harry, Harry Reid International Airport Locations: it’s, Miami , New Orleans, Los Angeles, Minneapolis, Vegas, Sin City, Las Vegas, Sahara, Mandalay Bay, Mount Berry , Georgia
Once known mainly for gambling and debauchery, Las Vegas has gained professional sports teams with the National Football League, the National Hockey League, Women's National Basketball Association and the United Soccer League in under a decade. The $2 billion venue was built for the NFL's Las Vegas Raiders and opened in 2020. "It's not just that the NFL's here, which is fantastic and a recognition of the maturity of Las Vegas," said Hill. Allegiant Stadium brought 1.52 million incremental visitors to the area, according to the 2023 impact report by the Las Vegas Raiders, with 88% of those visitors saying it was "the primary reason for their visit." In 2023, 40.8 million visitors flocked to Las Vegas, up 5.2% from the prior year, though still not as high as pre-pandemic levels.
Persons: that's, We're, Steve Hill, Beyoncé, Taylor Swift, It's, Eric Fernwood Organizations: National Football League, National Hockey League, National Basketball Association, United Soccer League, Major League Baseball, Las Vegas Convention, Visitors, Las Vegas Raiders, Allegiant, Estate Investment Locations: Vegas, Sin City, United States, Las Vegas
LAS VEGAS (AP) — Las Vegas proposed to the NFL in December 2021. “Let’s just marry these brands, and let’s bring the Super Bowl here,” Steve Hill, president and CEO of the Las Vegas Convention and Visitors Authority, recalled telling a room of NFL franchise owners. The betrothal culminates Sunday in a not-so-intimate ceremony at Allegiant Stadium, where the city will host its first-ever Super Bowl. He isn’t alone in his excitement: Parking spots for private jets in and around Las Vegas have all been spoken for. Strolling across that span after a major event like the Super Bowl makes for a memory that can't be recreated, Naft said.
Persons: “ Let’s, let’s, Steve Hill, Elvis Presley impersonators, Vince Lombardi, , Seth Kaplan, Kaplan, Guy Fieri, Jeff Frederick, isn’t, , Michael Naft, Mark Davis, Naft, Ty O'Neil Organizations: LAS VEGAS, NFL, Las Vegas Convention, Visitors Authority, Vegas, San Francisco 49ers, Kansas City Chiefs, Maxim, Royale, Resorts, Chapel, Bellagio, Aria, MGM Resorts International, , Las Vegas Raiders, Super Locations: Las Vegas, Bellagio, Australia, Clark, Vegas, Nevada
LAS VEGAS (AP) — A union representing hospitality workers says it has reached a tentative agreement with six more hotel-casinos in downtown Las Vegas and called off a strike deadline for another. The agreements averted a Monday morning walkout threat at several near-Strip and downtown properties as the city kicks off Super Bowl week. The culinary and an associated bartenders union are being given more time to reach an agreement with Virgin Las Vegas, an off-Strip resort. The union then turned its attention to winning the same contract terms for workers at other hotel-casinos in Las Vegas. The NFL’s 58th championship game is expected to bring some 330,000 people to Las Vegas this week, according to the Las Vegas Convention and Visitors Authority.
Persons: Wynn Resorts —, El, a.m Organizations: LAS VEGAS, Super, Culinary Workers Union, Downtown, Virgin Las, Vegas, — MGM Resorts International, Caesar Entertainment, Wynn Resorts, Las Vegas Convention, Visitors Authority, Culinary Locations: Las Vegas, Binion’s, Four Queens, Fremont, Virgin Las Vegas, Sahara Las Vegas, El Cortez, Nevada
The president has been in Las Vegas since Sunday for campaign appearances ahead of the state's Democratic primary on Tuesday. The Culinary Workers Union, which represents hospitality workers, says it has reached a tentative agreement with six more downtown hotel-casinos and called off a strike deadline for another. Photos You Should See View All 45 ImagesBiden recently was endorsed by the United Auto Workers union. The San Francisco 49ers and Kansas City Chiefs will face off at Allegiant Stadium in Las Vegas on Sunday. The NFL’s 58th Super Bowl is expected to bring 330,000 people to Las Vegas this week, according to the Las Vegas Convention and Visitors Authority.
Persons: Joe Biden, Biden, , Organizations: LAS VEGAS, Las, Democratic, The Culinary Workers Union, Culinary, United Auto Workers, Super, San Francisco 49ers, Kansas City Chiefs, Allegiant, Las Vegas Convention, Visitors Authority Locations: Las Vegas, Washington, Nevada, America
The estimated economic impact of recent Super Bowls in host cities has surged to over $1 billion. AdvertisementThe Super Bowl is heading to Sin City for the first time, and a lot of money is coming with it. The city typically sees about $300 million in gross economic impact during Super Bowl weekends. But this isn't the first time a Super Bowl has brought billions to a host city. According to Applied Analysis, this year's Super Bowl is expected to create 6,433 new jobs and $282 million in salaries and wages.
Persons: , Jeremy Aguero, Aguero Organizations: Vegas, Service, Las, Las Vegas Convention, Visitors Authority, Business, Super, Arizona State University Locations: Sin City, Las Vegas, Vegas, Glendale , Arizona
LAS VEGAS (AP) — NFL Commissioner Roger Goodell sees football becoming a global sport within the next decade, with his league at the forefront of that effort. He said the league's championship game will return to Las Vegas many times after this season. Political Cartoons View All 1283 Images“I think probably I would not have said 10 years ago that I would see myself sitting here for a Super Bowl,” Goodell said. “(The NFL's) commitment to Las Vegas matters to us,” said Steve Hill, president and CEO of the Las Vegas Convention and Visitors Authority. “I am convinced that this game is going to be a global sport,” Goodell said.
Persons: Roger Goodell, Goodell, “ We’re, ” Goodell, I’m, , Steve Hill, Las, , it’s Organizations: LAS VEGAS, — NFL, Las Vegas, Allegiant, CBS, Raiders, Las Vegas Convention, Visitors Authority, NFL Locations: Brazil, Spain, Las, Las Vegas, Vegas, Los Angeles, London, Germany
An Autel Robotics Dragonfish Pro drone, with an 18-mile range, is displayed during CES 2022 at the Las Vegas Convention Center in Las Vegas, Nevada, U.S. January 5, 2022. REUTERS/Steve Marcus/File Photo Acquire Licensing RightsWASHINGTON, Nov 30 (Reuters) - A bipartisan group of 11 U.S. House lawmakers on Thursday asked the Biden administration to investigate and potentially sanction Chinese drone maker Autel Robotics, citing national security concerns. The Pentagon said it would respond to the lawmakers' letter. Another signer of the letter, Republican Representative Elise Stefanik, said, "Autel drones made in Communist China present an unacceptable national security risk and should not be allowed to operate in America." Over 50% of drones sold in the United States are made by DJI, and they are the most popular drones in use by public safety agencies, Republican lawmakers said earlier this year.
Persons: Steve Marcus, Biden, Mike Gallagher, Raja Krishnamoorthi, Autel, Elise Stefanik, Gallagher, Krishnamoorthi, David Shepardson, Chris Reese, Mark Porter Organizations: Las Vegas Convention, REUTERS, Rights, House, Republican, Commerce , Defense, Treasury, Autel Robotics, Technology, Robotics, China's People’s Liberation Army, PLA, Pentagon, Commerce, Commerce Department, U.S . Interior Department, Thomson Locations: Las Vegas , Nevada, U.S, House China, Communist China, America, China, Xinjiang, Ukraine, The U.S, United States
Vegas is one of the best cities I've ever attended a convention in. There were great community vibes at the Vegas TwitchCon. Gabe Ginsberg/Getty ImagesA large chunk of my trip was spent attending TwitchCon Las Vegas at the Las Vegas Convention Center. Beyond this year's TwitchCon, the Las Vegas Convention Center hosts several events throughout the year, from tradeshows to concerts. The venue is also home to the Vegas Loop, where I rode in a Tesla to other parts of the center via the neon-lit tunnels.
Persons: Gabe Ginsberg, Twitch, Espe Symone, Nicki Mirage Organizations: Vegas, TwitchCon Las, Las Vegas Convention, Las Vegas Convention Center Locations: TwitchCon Las Vegas, tradeshows, Vegas
But for many decades, the NFL and other leagues opposed having sport franchises in Las Vegas, most likely due to the city’s deeply rooted gambling industry. “Vegas fans tend to be sports fans, too, and sports have helped us expand the customer base that are willing to consider Las Vegas,” Hill said. And during the past two years, Las Vegas and other tourist-centric cities have benefitted from consumers’ post-pandemic splurges on experiences and travel versus goods. The Las Vegas Strip can be seen outside the lanai doors at Allegiant Stadium during a game on October 15, 2023, in Las Vegas, Nevada. Ethan Miller/Getty Images/FILEAs the pandemic wore on, construction continued on expanding the Las Vegas Convention Center as well as the Raiders’ Allegiant Stadium, among other projects.
Persons: , Andrew Woods, ” Woods, Woods, Roger Goodell —, ” Goodell, John Fisher, Steve Hill, ” Hill, Ethan Miller Organizations: Minneapolis CNN, Athletics, NCAA, NFL Pro Bowls, NBA, MLS, Center for Business, Economic Research, University of Nevada, Sunday’s, Las Vegas, Prix, UNLV’s Lee Business School, NFL, National Hockey League, Oakland Raiders, Major League Baseball, Oakland Athletics, Las Vegas Convention, Visitors Authority, UNLV, “ Entertainment Capital, Sports, Entertainment Capital, Las, Nevada Gaming Control, Getty, Las Vegas Convention Center, Raiders Locations: Minneapolis, Las Vegas, Vegas, Bellagio, Clark County , Nevada, Covid, United States, Las Vegas , Nevada
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
Nov 10 (Reuters) - Hospitality workers in Las Vegas reached a tentative labor deal with Wynn Resorts (WYNN.O) hours before a strike, their unions said on Friday, ending a strike threat against major casino operators that could have crippled tourist operations in the city. Casino resort operators in Las Vegas have been earning record profits from a steady post-pandemic recovery in tourism. It also averts the threat of a major disruption to popular events expected to draw thousands of visitors to the tourist-driven economy of Las Vegas. The city will be hosting the Formula 1 Las Vegas Grand Prix this month and the 58th Super Bowl, which is scheduled to take place in February 2024. 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.
Persons: Wynn, Ananta Agarwal, Shivansh, Anil D'Silva, Arun Koyyur Organizations: Hospitality, Wynn Resorts, Caesars Entertainment, MGM Resorts International, Culinary Workers, Bartenders Unions, Hilton Worldwide, Hilton, Detroit Three, Hollywood, Wynn, Las, Las Vegas, Las Vegas Convention, Visitors Authority, Thomson Locations: Las Vegas, United States, Bengaluru, Doyinsola, New York
Nov 10 (Reuters) - Hospitality workers in Las Vegas reached a tentative labor deal with Wynn Resorts <WYNN.O>, their union said on Friday, ending the threat of a strike against major casino operators that could have crippled tourist operations in the city. Casino resort operators in Las Vegas have been earning record profits from a steady post-pandemic recovery in tourism. The city will be hosting the Formula 1 Las Vegas Grand Prix this month and the 58th Super Bowl, which is scheduled to take place in February 2024. 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. "We are very pleased that we were able to reach an agreement," Wynn said in a Friday statement, adding that it was looking forward to a ratification of its tentative agreement soon.
Persons: Wynn, Ananta Agarwal, Shivansh, Arun Koyyur, Anil D'Silva Organizations: Hospitality, Wynn Resorts, Wynn, Caesars Entertainment, MGM Resorts International, Auto, Detroit, Hollywood, Las, Las Vegas, Las Vegas Convention, Visitors Authority, Thomson Locations: Las Vegas, United States, Bengaluru, Doyinsola, New York
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