Typical rent reached a high of $1,861 a month in July of 2022, which was up 38% from $1,351 a month in July 2019. In Las Vegas, typical rents spiked nearly 40% from prior to the pandemic, according to Zillow. Overall, the city has about 150,000 hotel rooms, according to the Las Vegas Convention and Visitors Authority.

There are also concerts and other events scheduled, and by some estimates the weekend is expected to draw about 100,000 visitors to the city. Practice runs are scheduled for Thursday and Friday next week, and the race itself is set for Saturday, November 18. The strike threat comes just ahead of the city hosting its first F1 Grand Prix race that will include the Strip as a racetrack. Through this agreement, Caesars Entertainment will ensure that as we grow, our Team Members grow with us.” “Team members will see meaningful wage increases that align with our past performance, along with continued opportunities for growth tied to our future plans to bring more union jobs to the Las Vegas Strip. “We are excited to reach an agreement … which recognizes the integral contributions our team members have made to the success we have seen in Las Vegas over the last few years,” said a statement from the company. But reaching a deal with one of the three casino operators along the strip increases the pressure on the other two companies to agree to similar deals before Friday morning’s strike deadline. If they vote it down, they could still go on strike. The tentative deal will now be presented to rank-and-file members for a ratification vote. The nine casinos on the strip owned by the company are Caesars Forum, Caesars Palace, Flamingo, Harrah’s, Horseshoe, Paris, Planet Hollywood, The Cromwell and The Linq. It covers 10,000 union members who work as cooks, bartenders, waiters and waitresses and housekeepers at the nine casinos owned by Caesars Entertainment. The details of the agreement, which was announced in a tweet by the union, are not yet available, but the union said it was reached after 20 straight hours of negotiations. New York (CNN) - A tentative five-year labor deal has been reached between the Culinary union and Caesars Entertainment to avert a potential strike at its nine casinos along the Las Vegas Strip, although nine other casinos still face possible walkouts come Friday morning.

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