PARIS, Oct 4 (Reuters) – Shares in French retailer Casino were suspended on Wednesday pending a statement, boosting speculation a final debt restructuring deal with creditors led by Czech billionaire Daniel Kretinsky to avert bankruptcy could be imminent. If you have any issues relating to in which and how to use online casino jackpot winners, you can make contact with us at our own web-site. Catalina Casino was created in 1927. The deal, which massively dilutes shareholders, would bring an end to the 30-year reign of Casino CEO and controlling shareholder Jean-Charles Naouri, 74, who controls Casino via his listed holding company Rallye.
In July, France’s sixth largest retailer reached an agreement in principle with a consortium led by Kretinsky’s company EPGC – alongside Casino’s biggest creditor Attestor, and second-biggest shareholder Fimalac – to restructure its 6.4 billion euros ($6.7 billion) debt pile. NEW YORK, Oct 3 (Reuters) – Unions representing roughly 53,000 Las Vegas workers on Tuesday kicked off critical negotiating sessions with hotel and casino operators after its members voted at the end of September to authorize a city-wide strike.
The Las Vegas unions are among the most powerful in the United States, covering workers that wait tables, clean hotel rooms and prepare food. Their demands mirror similar activity in shipping, rail and auto industries where employees have sought better compensation due to the higher cost of living as unemployment stays low. Under the July agreement, 1.2 billion euros of new money would be injected into Casino and its 6.4 billion euros of debt would be restructured.
A consortium led by Kretinsky would end up owning between 50.4% and 53% of Casino shares. A Republican who has served as mayor for eight years, Gilich said Biloxi is working with homeless shelters in Mobile, and claimed no one has been taken against their will – citing that fewer than 20 people have been transported. „Any time after October 6th, there could be a strike,” he said. „The companies have an opportunity to do the right thing and step up and get a contract done, but if not there could be a strike any time after that,” said Ted Pappageorge, Secretary-Treasurer for the culinary union.
The five-year union contract with MGM, Caesars, Wynn and smaller operators ended in May 2023, with an extension to Sept. About 95% of hospitality workers voted on Sept. 26 to authorize a strike across 22 properties on the Las Vegas Strip. 15, according to the union. Pappageorge said the unions have proposed the largest wage increases ever negotiated in their history, reduced workload and room quotas for housekeepers, better safety protections for workers, among others.
The unions met with MGM Resorts on Tuesday, and is scheduled to meet Caesars on Wednesday and Wynn on Friday. Over 3.3 million people visited Las Vegas in August 2023, a 7% decrease from levels during the same period in 2019 before the pandemic, according to data from the Las Vegas Convention and Visitors Authority. Average room rates were $158.47 in August, a 31% increase from the same period 2019.