Culinary Union Says Detroit Casino Workers To Launch Strike Tuesday Unless Companies Deliver Fair Contract
Portfolio Pulse from Benzinga Newsdesk
The Culinary Union has announced that workers at Detroit casinos will go on strike on Tuesday unless the companies deliver a fair contract. The companies potentially affected include CZR, MGM, and WYNN.
October 16, 2023 | 8:01 pm
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Caesars Entertainment (CZR) may face a strike from Detroit casino workers, which could disrupt operations and potentially impact revenues.
A strike could disrupt CZR's operations in Detroit, potentially leading to a decrease in revenues and negatively affecting the stock price in the short term.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100
NEGATIVE IMPACT
MGM Resorts (MGM) could be affected by a potential strike from Detroit casino workers, which may disrupt operations and impact revenues.
A strike could disrupt MGM's operations in Detroit, potentially leading to a decrease in revenues and negatively affecting the stock price in the short term.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100
NEGATIVE IMPACT
Wynn Resorts (WYNN) may be impacted by a potential strike from Detroit casino workers, which could disrupt operations and potentially impact revenues.
A strike could disrupt WYNN's operations in Detroit, potentially leading to a decrease in revenues and negatively affecting the stock price in the short term.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100