“This acquisition will enable us to better serve our mission of growing Cherokee Nation’s economy while also having a significant positive impact on the local economies we serve.” “We look forward to expanding our gaming and hospitality businesses as we execute on our strategic plan to grow our footprint outside of the Cherokee Nation Reservation,” said Chuck Garrett, chief executive officer of Cherokee Nation Businesses. Gold Strike features more than 1,100 oversized luxury guest rooms including 125 suites the 50,000-square-foot casino includes a sportsbook high-limit gaming area conference and convention center and award-winning dining options. The property features a 32-story hotel tower that has become one of the most recognizable buildings in Tunica. Gold Strike is located on the Mississippi River in Tunica, approximately 30 minutes from downtown Memphis. “We are excited for the team at Gold Strike Tunica to join the CNE family.” “Cherokee Nation Entertainment has a rich history of operating award-winning hospitality destinations in Oklahoma, and we are proud to continue our growth in gaming and bring the level of excellence we are known for to the Tunica area,” said Mark Fulton, president of Cherokee Nation Entertainment (CNE). (NYSE: VICI), the Gold Strike property owner. CNE Gaming Holdings, LLC, will enter into a long-term lease agreement with VICI Properties Inc. The purchase price represents an EBITDA multiple of approximately six times, based on 2021 Adjusted Property EDITBAR of $115 million. There was no additional comment, but an upcoming investigation is within the realm of possibility, which will only strengthen the union’s negotiating position.(KTFX) TULSA, Okla. – Cherokee Nation Entertainment Gaming Holdings, LLC, a subsidiary of Cherokee Nation Businesses, today announced it has reached an agreement with MGM Resorts International (NYSE: MGM) to purchase the operations of Gold Strike Tunica for $450 million in cash, subject to customary adjustments. New Jersey’s Department of Community Affairs issued a statement on this case and confirmed that they had received the complaint. However, such incentives alone have so far proven insufficient to prevent the casino’s staffing issues. “Golden Nugget offers bonuses for housekeeping staff that clean room credits above and beyond what is required,” Pohlman added. He acknowledged that Golden Nugget was experiencing difficulties finding sufficient staff, which prevented the resort from routinely cleaning all overnight stays, but expressed his assurance that on-demand housekeeping services were available to anyone who needed them. Tom Pohlman, Golden Nugget Casino’s Executive Vice President and General Manager, stated that all rooms get thoroughly cleaned between new reservations. Casinos Expressed a Commitment to Guest Safety but Admitted Staffing Problems Representatives hope a wage increase would attract more applicants and reduce the overall workload. The aim of the ongoing negotiations by the union is to avoid such situations. Teresa Lopez, who works as a housekeeper at Caesars, stated that the increased workload did not lead to increased pay and has even negatively impacted her health. They also drew attention to the fact that due to COVID prevention measures, workers cannot attend overnight rooms so often, which results in less money from tips. Housekeeping workers reiterated their complaints about the low wages and high workload. Unite Here Local 54 has updated its website and has provided tourists with a list of alternative accommodations which will not be disrupted, should negotiations take longer than expected. It is likely that the accusations are part of an effort to apply pressure and secure a more favorable deal. He is seeking to secure a significant pay raise for union members in addition to the standard framework for compensation and benefits. McDevitt is currently engaged in negotiations with local casinos, as their contracts with the union expired on June 1. President of the union, Bob McDevitt, stated that Atlantic City workers are just part of the larger overworked and understaffed workforce. ![]() This shortage is due to low wages and unfavorable working conditions. The union, which represents housekeeping workers at Atlantic City’s casinos, claims that the main reason for these shortcomings is because casinos lack the necessary staff. The Local Union Is Likely Using the Scandal to Its Advantage On Wednesday, June 8, the union filed a complaint with the state Department of Community Affairs, leveling accusations against Caesars, Harrah’s, Tropicana, and the Golden Nugget. Local 54 of the Unite Here union recently stated that four resorts are failing to clean their hotel rooms daily, as mandated in a 2020 order related to COVID prevention.
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