Labour union Unite Here Local 54 has estimated that Caesars Entertainment and MGM each risk losing $1m (£813,153/€943,067) per day in earnings before interest, tax, depreciation and amortisation (EBITDA) if casino workers go on strike in Atlantic City.
Unite Here’s members provide cleaning services for hotel rooms, gaming floors and restrooms across Atlantic City.
The union released the figures in a strike impact report, which was issued following a vote from workers at five Atlantic City Casinos– which passed with a 96% majority on 15 June.
The vote included workers at all three Atlantic City casinos operated by Caesars Entertainment- Caesars, Harrah’s, and Tropicana.
It also included staff at MGM Resorts Entertainment’s Borgata casino and the Hard Rock casino.
The report estimated that the strike could cost Caesars approximately $1m per day in EBITDA. This is assuming that Caesar’s Q3 2022 results would have a 10% year-on-year increase, and that the strike results in a yearly d..