Las Vegas Unions and Casinos Reach Labor Deals, Averting Strikes

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Source: Yahoo Finance
TL;DR Summary

MGM Resorts International has reached a historic labor deal with Las Vegas unions, averting a strike that threatened to shut down the Strip. The agreement, which covers 25,470 workers, comes after months of negotiations and includes improved pay, benefits, and safety protections for employees. This deal follows a similar agreement reached by rival Caesars Entertainment with 10,000 workers. The unions' demands for better compensation and benefits have been fueled by a shortage of workers and the record profits earned by casino resort operators in Las Vegas.

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