(Reuters) – The unions representing hospitality workers in Las Vegas said on Friday that they have reached a tentative deal with Wynn Resorts for a new contract covering 5,000 employees, ahead of a strike deadline that was set to expire in a few hours.
The five-year agreement comes after rivals Caesars Entertainment and MGM Resorts International reached their own agreements earlier this week with about 30,000 workers on the Strip.
The tentative deal with Wynn marks the end of long-drawn negotiations between the unions and casino operators, averting threats of possible disruption to some popular events that are expected to draw thousands of tourists to Vegas.
The city will be hosting the Formula 1 Las Vegas Grand Prix this month and the 58th Super Bowl, which is scheduled to take place in February 2024.
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.
Visits to the city in September were 4% lower than in the same period in 2019, according to data from the Las Vegas Convention and Visitors Authority. Room rates, however, have surged more than 47%.
Wynn on Friday said it was looking forward to a ratification of its tentative agreement soon. Details of the agreement were not immediately available.
(Reporting by Ananta Agarwal and Shivansh Tiwary in Bengaluru and Doyinsola Oladipo in New York; Editing by Arun Koyyur and Anil D’Silva)