Local News


Union concerned about proposed Caesars, Eldorado merger

Posted at 8:22 AM, Jun 26, 2019
and last updated 2019-06-26 11:22:59-04

The union for hospitality workers is expressing its concern over the merger of Caesars Entertainment and Eldorado Resorts.

UNITE HERE is worried that it will mean job cuts and a decline in gaming tax revenue.

RELATED: Eldorado buying Caesars in $17.3B cash-and-stock deal

UNITE HERE represents approximately 25,000 workers at Caesars and Eldorado properties.

The union issued the following statement:

UNITE HERE has had a positive relationship with Caesars Entertainment over the years, and 25,000 union members have been excited to help the company reinvest and rebuild as it recovers from the disastrous leveraged buyout led by Apollo and TPG. It is in this context that we approach the proposed sale of the company with great concern.

Yesterday, Eldorado announced cost-savings of $500 million in the first year of the combined company. Where are they going to cut? We will not stand by idly if the proposed Caesars-Eldorado transaction will lead to significant job losses, worse wages and benefits for our members, and lower state gaming tax receipts in the many communities where members we represent work and live. Casinos operating under privileged licenses are meant to create significant benefits for host communities, including family-sustaining jobs and local government funding based on gaming taxes.

We will support changes at Caesars that preserve the company’s long-term financial health and provide a sustainable path to good jobs in vibrant gaming markets across the country.