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Stock impact report

Las Vegas hospitality unions ratify contract with Wynn Resorts [Yahoo! Finance]

Caesars Entertainment, Inc. (CZR) 
Last caesars entertainment, inc. earnings: 2/25 04:30 pm Check Earnings Report
US:NASDAQ Investor Relations: investor.caesars.com/investor-relations
Company Research Source: Yahoo! Finance
a new five-year contract, days after similar moves by its competitors Caesars Entertainment and MGM Resorts International. 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 newly ratified contracts, which would apply to workers at MGM, Caesars, and Wynn, would bring in increased wages for a total of 40,000 employees and an end to the threat of a labor stoppage against casino operators that could have crippled tourism in the city. 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 . The Las Vegas unions, considered among the most powerful in the United States, said they had secured the largest w Show less Read more
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