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Four AC casinos agree deal with union

Four AC casinos agree deal with union

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The largest trade union representing Atlantic City casino workers reached eleventh-hour agreements on new contracts with four casinos on July 30th, thereby avoiding a strike that had been threatened over the traditionally busy Fourth of July weekend.

Local 54 of the Unite Here union reached tentative agreements with the Borgata, owned by MGM Resorts International, and three Caesars Entertainment casinos – Caesars, Harrah’s and the Tropicana.

The settlement covers pay and conditions and while the union has declined to reveal specific terms, it is understood that pay rises are significant, as its members face spiralling cost of living rises.

The Atlantic City casino industry is battling to recover following the pandemic, rising inflation and widespread labour shortages. The union argued that online gaming and sports betting have boosted revenues beyond pre-pandemic levels, with the casinos countering that such claims are misleading, as the reality is that their third-party partners keep about 70% of internet and sports betting revenue. Using in-person winnings as their metric, the casinos claimed that business is only 5% better than in 2019, with only three Atlantic City casinos – the Borgata, Hard Rock and Ocean – showing growth in-person gambling over this same three-year period.