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Las Vegas Culinary Union Launches Gaming Investor Update16 May 2002LAS VEGAS--(Press Release)-- Today, the Culinary Workers Union announced the launch of Gaming Investor Update, a publication providing updates to investors on the contract negotiations between the Culinary Union and the major Las Vegas gaming companies. Contracts with Mandalay Resorts Group (NYSE:MBG), MGM Mirage (NYSE:MGG), Park Place Entertainment (NYSE:PPE), and Harrah's Entertainment (NYSE:HET) expire with the union on May 31, 2002. The Culinary Union represents 53,000 casino industry workers at the major resorts in Las Vegas. The union membership will vote on May 16, 2002 to decide whether to authorize a strike on June 1, 2002 if contracts with the gaming operators are not reached. Major contract issues include maintaining the current level of healthcare and ending the abusive treatment of housekeepers at the hotels. "We hope to provide gaming investors with some avenue for updates on the negotiations, as well as some background on the issues that are proving to be so contentious in these negotiations," said Courtney Alexander, Research Director for the Culinary Union. "We have had substantial interest from investors on the status of negotiations," added Alexander. |