Station hotel casino stock

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The union is scheduled to negotiate Thursday with Wynn Resorts. “Historically, this is pretty much how it always goes: As soon as one company reaches a deal, the others just fall right in line,” said Bill Werner, an associate professor at the University of Nevada, Las Vegas, whose research includes hospitality law and labor relations.īut, he said, “I would say this is as close as we’ve come in a long time to an actual strike.” But experts say that is unlikely because agreements already have been reached with casino giants Caesars and MGM Resorts. Friday for 5,000 workers at two properties. “This deal, when announced, will do just that.”Ī walkout still could happen on a much smaller scale if the union and Wynn Resorts don’t reach a deal by 5 a.m. “We know from listening to our employees that they are looking for a pay increase to combat inflation, among other concerns,” Hornbuckle said. The casino company’s CEO Bill Hornbuckle had said Wednesday in an earnings call at the same time negotiations were taking place in a casino ballroom that he was confident a “historic” agreement would come together before that time. Experts said that move would have been catastrophic for the Las Vegas Strip. The union had threatened to begin a strike in the pre-dawn hours Friday at properties along the Strip if negotiations failed. MGM didn’t immediately respond to a request for comment from The Associated Press.

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