![]() “The reality is there are very few people at Caesars and no one at MGM that has any kind of institutional knowledge of what a conflict can be like here,” McDevitt said. Billionaire investor Carl Icahn closed the Taj Mahal in 2016 after the union went on strike because health insurance and pension benefits were stripped from its members by a bankruptcy court. McDevitt said Caesars and MGM “need to be reminded” of what can happen during a labor dispute in Atlantic City, including a strike. It has reached agreements with the Ocean Casino Resort and Bally’s to abide by the terms of the contract negotiated by the two larger casino companies, McDevitt said. Local 54 is currently negotiating with Caesars Entertainment, which owns Caesars, Harrah’s and the Tropicana, and MGM Resorts International, which owns the Borgata. He put up little of his own money, shifted personal debts to the casinos and collected millions of dollars in salary, bonuses and other payments. ![]() ![]() But even as his companies did poorly, Mr. ![]() The casinos are counting on a strong summer to regain ground lost during the pandemic, which forced the casinos to close for 3 1/2 months in 2020, and kept operating restrictions in place until the middle of last year.Įxecutives representing five Atlantic City casinos did not respond to requests for comment Thursday on the union’s latest tactic. city’s gambling industry, in reality he was failing in Atlantic City long before Atlantic City itself was failing. ![]()
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