- Associated Press - Thursday, June 30, 2016

ATLANTIC CITY, N.J. (AP) - The Latest on contract negotiations with casinos (all times local):

4:35 p.m.

Atlantic City’s main casino workers union has reached agreement with the fourth of five casinos it had been targeting for a strike this weekend.

Representatives of Local 54 of the Unite-HERE union and the Tropicana tell The Associated Press they reached agreement Thursday afternoon on a new contract.

That left only the Trump Taj Mahal facing a strike threat on Friday.

Earlier Thursday, the union reached agreement with Bally’s, Caesars and Harrah’s.

The union is out to recoup concessions it gave the casinos in past negotiations when the gambling halls were in worse financial shape; four of the 12 casinos shut down in 2014.

The surviving ones, with less competition, are beginning to see their finances stabilize.

___

9:30 a.m.

Atlantic City’s main casino workers union has reached agreement on a new contract with three of the five casinos it had been targeting for a strike this weekend.

Local 54 of the Unite-HERE union said Thursday that it has a new deal with three casinos owned by Caesars Entertainment: Bally’s, Caesars and Harrah’s.

Talks remain underway with Tropicana and the Trump Taj Mahal. Both are owned by billionaire investor Carl Icahn.

A strike against those two could happen Friday if a new deal is not reached.

Terms of the contract were not immediately revealed.

The union wants the return of concessions it gave the casinos in past contracts when their finances were shakier.

The casinos say they want a deal that’s fair to both sides.

LOAD COMMENTS ()

 

Click to Read More

Click to Hide