Atlantic City Casino Workers at Golden Nugget and Resorts Authorize Strike
The majority of Atlantic City cassino workers reached unexampled four-year contracts with their resort hotel employers just before the July 4th Independence Clarence Day weekend. But brotherhood members at Golden Nugget and Resorts say their employers hold in time to concur to the terms that ply higher wages.
Unite Here Local 54 is the leading casino workers’ labor union inward Atlantic City. The organization reached unexampled collective bargaining agreements with 7 of the niner casinos inwards town inward betimes July.
MGM Resorts, Caesars Entertainment, and Hard Rock International found midriff earth with the conglutination in agreeing to increment alkali hourly make up from $16 an 60 minutes to $18 an hour — a 12.5% growth — for all labor union members employed at i of the casinos. The stand make up will climb up to $22 an time of day past the final year of the contract.
MGM operates Borgata, spell Caesars operates its namesake property, plus Harrah’s and Tropicana. Along with Hard Rock, Ocean Casino and Bally’s feature agreed with the unification to uphold the unexampled grind terms, which run through 2026.
But Golden Nugget and Resorts has so far refused to implement the unexampled collective bargaining agreements that the seven other casinos experience ratified.
Strike Authorized
With their electric current contracts at Golden Nugget and Resorts circle to expire this Friday, July 22, workers at the ii casinos last night voted to clear a strike. The join represents around 1,000 employees at the 2 properties.
It’s unclear where exactly the negotiations betwixt unification reps and the 2 remaining casinos stand. St. Mark Giannantonio, chairwoman and CEO of Resorts Atlantic City, said it has become customary for the Local 54 trades union to clear a strike before of negotiations.
The labor union says it isn’t looking to farther negotiate. Instead, the conjugation plans to represent Golden Nugget and Resorts with the four-year terms reached with the septenary other casinos with the outlook that they mark on.
The worker negotiating citizens committee plans to present tense the new agreements to their employers asking them to consent the terms already agreed to past their competitors,” a union release explained.
“We just now need what workers at the other casinos inward the city are getting,” said J. Eger, a barman at Golden Nugget casino. “We’re not asking for any to a greater extent or any less.”
Golden Nugget, Resorts Struggling
Atlantic City casinos bear on to recoup from the pandemic, though brick-and-mortar gaming revenue continues to remain at a lower place 2019 levels.
However, when iGaming and sports betting are factored in, statewide receipts gaming revenue has reached unprecedented heights. But much of the online revenue is shared with third-party vendors that control platforms ilk DraftKings and FanDuel.
2021 was nonetheless a positive year for octonary of the ennead casinos. Bally’s was the lone exception, which lost $13.2 zillion running the place as it undergoes a major renovation. That’s after the dimension was sold past Caesars Entertainment to the fresh formed Bally’s Corporation inwards November 2020.
Though Golden Nugget and Resorts were profitable cobbler's last year, they ranked shoemaker's last among the octet profitable properties. Golden Nugget said its profits before interest, taxes, depreciation, amortization, charges from affiliates, and other miscellaneous items totaled $35.6 million. Resorts’ 144 profit was $27.6 million.
By comparison, Borgata reported a porcine benefit of $174 gazillion endure year, Tropicana $118.7 million, and Hard John Rock almost $107 million.
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