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Casino operator Wynn Resorts reaches labor deal with Las Vegas unions
© Reuters. FILE PHOTO: Company logos are displayed at Wynn Macau resort in Macau, China February 8, 2018. REUTERS/Bobby Yip
(Reuters) – The unions representing hospitality workers in Las Vegas said on Friday that they have reached a tentative deal with Wynn Resorts (NASDAQ:) for a new contract covering 5,000 employees.
The five-year agreement comes after rivals Caesars (NASDAQ:) Entertainment and MGM Resorts (NYSE:) International reached their own agreements earlier this week with about 30,000 workers on the Strip.
The agreement comes as a number of unions across industries press employers for better pay and benefits, buoyed by a shortage of workers.
The Las Vegas unions, considered among the most powerful in the United States, sought meaningful wage increases as well as funds allotted to healthcare and pensions, and a reduction in steep housekeeping quotas.
Casino resort operators in Las Vegas have been earning record profits from a steady post-pandemic recovery in tourism.
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