MGM Resorts Reaches Deal With Las Vegas Unions Averting Strike: Report
Portfolio Pulse from Shivani Kumaresan
MGM Resorts International has reached a tentative agreement with Las Vegas hospitality workers' unions, averting a potential strike at eight MGM properties. This follows a similar agreement reached by Caesars Entertainment with its workers. Unions have also reached a tentative deal with Wynn Resorts Limited for a new contract covering 5,000 employees. MGM shares are trading lower by 0.92% at $37.86 in premarket on the last check Friday.
November 10, 2023 | 11:45 am
News sentiment analysis
Sort by:
Ascending
NEUTRAL IMPACT
Caesars Entertainment has reached a similar agreement with its workers, which could stabilize its workforce and operations.
The agreement with workers could stabilize Caesars' operations and workforce, which could have a positive impact on the company's performance. However, the impact on the stock is not clear from the news.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 50
NEUTRAL IMPACT
MGM Resorts has reached an agreement with unions, averting a potential strike. This could stabilize operations and potentially improve worker conditions, but shares are currently trading lower.
The agreement with unions averts a potential strike, which could have disrupted operations and negatively impacted MGM's stock. However, the current lower trading suggests that the market may have already priced in this news.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100
NEUTRAL IMPACT
Wynn Resorts Limited has reached a tentative deal with unions for a new contract covering 5,000 employees, which could stabilize its workforce and operations.
The tentative deal with unions could stabilize Wynn's operations and workforce, which could have a positive impact on the company's performance. However, the impact on the stock is not clear from the news.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 50