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The
new five-year agreement covers 5,000 employees at Wynn and
follows similar deals with rivals Caesars Entertainment and MGM
Resorts International reached earlier this week that covered
about 30,000 workers on the Strip.
The tentative deal marks the end of drawn-out negotiations
between the unions and casino operators, averting the threat of
a disruption to popular events expected to draw thousands of
visitors to the tourist-driven economy of Las Vegas.
The deal follows a series of successful labor actions in the
automotive and entertainment industries, as workers sought to
boost wages at a time when many companies have enjoyed strong
sales. Casino resort operators in Las Vegas have been earning
record profits from a steady post-pandemic recovery in tourism.
Auto workers ended a strike against the Detroit Three carmakers
last week, while Hollywood actors reached a deal earlier this
week with studios as well.
Financial details of the Wynn agreement were not immediately
available, but the Las Vegas unions, considered among the most
powerful in the United States, said they had secured the largest
wage increases ever negotiated in their history.
The agreement also reduces workload, lessens steep housekeeping
room quotas and extends recall rights for workers, providing
them with the option to return to their jobs in the event of
another pandemic or economic crisis for up to three years.
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. Room rates, however, have surged more
than 47%.
"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.
(Reporting by Ananta Agarwal and Shivansh Tiwary in Bengaluru
and Doyinsola Oladipo in New York; Editing by Arun Koyyur and
Anil D'Silva)
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