Las Vegas Labor Negotiations: The Strip is Out of the Soup.

News broke on Saturday that Culinary Union 226 and MGM Resorts International reached a tentative agreement on a new 5-year labor deal.

Culinary: Tenatative deal reached with MGM on 5-year contract. Las Vegas Sun

No details of either this deal, or the deal with Caesars have been released but speculation is that it involves somewhere around a 3% annual increase in pay and language assuring "retain and retrain" in the face of technological advancement that might displace jobs as well as strong language intended to provide workers with protections from sexual assault.

Negotiations now move on with the SLS and selected resorts downtown, which also includes the Stations properties who have had a notoriously rough go with the union in the past.  This is where it gets interesting and a general strike downtown could be potentially devastating for resorts in the Fremont Corridor.

However, they do have the benefit of a framework provided by the big two so hopefully we'll see some real progress sooner rather than later.

I would not expect full details of the agreements to come out before the final contracts have been agreed to.