Las Vegas union reaches deal with Caesars, averting strike

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Las Vegas union reaches deal with Caesars, averting strike
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The Culinary Union, which represents thousands of hospitality workers in Las Vegas, said on Wednesday it had reached an agreement with Caesars Entertainment (CZR.O) over a new labor deal, two days before a strike deadline was set to expire.

The 550 foot-tall High Roller observation wheel, the tallest in the world, is the centerpiece of the $550 million Linq project, a retail, dining and entertainment district by Caesars Entertainment Corp, in seen in Las Vegas, Nevada April 9, 2014. The wheel is. REUTERS/Las Vegas Sun/Steve Marcus/File Photo

The deal with the casino major covers about 10,000 employees, and the union is negotiating with rival operators MGM Resorts InternationalCasino-resort operators have reported record profits as tourism to Las Vegas steadily recovers from the pandemic. The city is also gearing up for major events including the Formula 1 Las Vegas Grand Prix in November, which is expected to draw more than 100,000 tourists.

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