MGM Resorts CEO Jim Murren took home $14.6 million in total compensation, or about 400 times as much as the median for its employees.

Caesars spokesman Rich Broome declined to comment Wednesday. That was 600 times more than the median salary of a Caesars employee. “A one-dollar raise for 12,000 of us will cost less than what the company paid the CEO last year.”Ĭaesars CEO Mark Frissora received $23.9 million in total compensation last year after helping the company emerge from two-year bankruptcy proceedings.

“We are asking for one-dollar raise in the first year,” Francisco Ruffino, a Caesars cook, said in the union statement. In a statement Wednesday, Culinary Local 226 and Bartenders Local 165 said they are seeking an average annual increase of 4 percent over the next five years in workers’ wages and benefits, such as health care and pensions. The calculation assumes a 10 percent drop in revenue and a 10 percent decline in margins. MGM Resorts International and Caesars Entertainment Corp., the two largest resort operators by employment, have said they expect to reach a deal and avoid the first citywide strike in more than three decades.Ī monthlong strike could cost MGM Resorts and Caesars as much as $300 million in cash flow, according to a report Wednesday by UNITE HERE Gaming Research, the research unit of the hospitality workers’ union.

Negotiators for union workers are threatening to call a strike if an agreement isn’t reached by the deadline, potentially impacting tens of thousands of guests expected to arrive at the beginning of June for conventions and hockey games. The five-year contracts affect about 50,000 Las Vegas hospitality employees, including bartenders, servers and housekeeping staff at 34 resorts on the Strip and downtown. (Bizuayehu Tesfaye/Las Vegas Review-Journal) Vegas’ two largest casino operators are trying to bridge a roughly $110 million wage and benefit gap with union workers before employment contracts officially end at midnight Thursday. Culinary and bartender union workers leave the Thomas & Mack Center in Las Vegas on Tuesday, May 22, 2018, after voting whether they want to go on strike.

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