Thousands of tourists visit Macau, Hong Kong during Golden Week...

The Casino was created on 2004-06-14. HONG KONG, Oct 6 (Reuters) - Hundreds of thousands of visitors have flocked to the Chinese-controlled regions of Macau and Hong Kong since Sept. 29, data shows as China wraps up its Golden Week holiday, although the figures amounted to just about 85% of pre-pandemic levels. He estimated wage increases could cost Caesars $40 million to $60 million a year and double that for MGM based on their employee count.

MGM has said that every 1% increase in wages would add about $10 million to labor costs, according to Truist analyst Barry Jonas. (Reporting by Doyinsola Oladipo in New York and Shivansh Tiwary in Bengaluru; Editing by Maju Samuel and Cynthia Osterman) The unions are among the most powerful in the United States, representing 53,000 hospitality workers in Las Vegas. Unions in the auto, rail, healthcare and other industries have kept companies off balance in recent months with labor actions.

The store closures followed the anti-government protests that year and a subsequent crackdown, which hit retail sales that were next battered by nearly three years of stringent COVID rules. (Reporting by Farah Master and Dorothy Kam; Editing by Clarence Fernandez) The company made the disclosure in a regulatory filing on Thursday evening, nearly a month after hackers caused massive disruptions that froze online booking systems, knocked slot machines offline, and even disabled digital locks on hotel room doors.

If you loved this article and you simply would like to acquire more info regarding online casino jobs from home nicely visit the web page. During the eight-day national holiday, which runs until Friday, the number of daily visitors has surged more than five times from last year, taking hotel occupancy rates beyond 90%, executives said, speaking on condition of anonymity. In the world's biggest gambling hub of Macau, about 900,000 visitors swarmed narrow cobblestoned streets, many to punt in dozens of glitzy casinos, while others took selfie photographs at historic spots such as Senado Square.

Mass gaming revenues have bounced back to pre-COVID levels, however, analysts said, citing a recovery of more than 100%, although earnings in the coveted "big-whale" VIP category was an estimated 15% of before. In prior negotiations, a strike threat was enough to spur a deal, but these talks have been slow, union representatives said on Monday. The Culinary Workers and Bartenders Unions seek a new five-year contract with improved wages and benefits as casino operators post record profits.

Still, many companies quietly meet ransom demands to avoid business disruptions and negative headlines. The FBI strongly advises against paying ransoms to hackers, warning that bowing to the demands only encourages further attacks. Pappageorge said that negotiations were "very disappointing" and the companies did not make substantive wage proposals. The unions are demanding higher wages, stronger protections against new technology that may threaten jobs, lower housekeeping quotas and improved safety.

That's in contrast to Caesars Entertainment, which suffered no public disruptions after reportedly paying about $15 million to hackers in a breach last month, believed to have been carried out by the same Russia-linked ransomware gang that struck MGM. Tourism is the city's lifeblood and Las Vegas is gearing up for major events including a Formula 1 race expected to bring more than 100,000 tourists to the city in November.

Some 95% of union members voted in September to authorize a citywide strike. 'We also believe a more limited number of Social Security numbers and passport numbers were obtained.