After 700 workers from Culinary Union Local 226 organized a strike against Virgin Hotels Las Vegas that lasted 48 hours, the standoff is now over. The strike, which started on May 10, aimed to put pressure on Virgin Hotels Las Vegas executives to sign a new five-year contract which will provide employees with better wages and bebefits.

Virgin Hotels Las Vegas Employees Demand Fair Deal

Virgin Hotels Las Vegas room attendants, cocktail and food servers, porters, bellmen, cooks, bartenders, and laundry and kitchen staff set up picket lines outside the company’s property located very near the Las Vegas Strip and previously known as Hard Rock Las Vegas, reported the Associated Press.

The union’s Secretary-Treasurer, Ted Pappageorge, said that Virgin Hotels Las Vegas employees hope that their strike will help fast-track the stalled negotiation process and a new agreement will be reached. Following the strike, talks will start again on May 14.

Prior to the strike, Virgin Hotels Las Vegas filed a complaint at the National Labor Relations Board against its employees stating that the union was not sincere in its negotiation efforts. Pappageorge countered the company’s claims defining them as mere corporate tactics.

The Virgin Hotels Las Vegas workers strike comes on the backdrop of a series of negotiations with various Las Vegas hospitality industry giants, which took place earlier this year. As other union members employed by Downtown Grand Hotel & Casino and Golden Nugget Las Vegas Hotel & Casino, for example, achieved substantial wager increases for the next five years, Virgin Hotels Las Vegas employees were left behind. This prompted dissatisfaction among workers, which eventually led to the recent strike.

Workers Optimistic as Negotiations Continue

Ted Pappageorge commented that the contract with Virgin Hotels Las Vegas expired on June 1, 2023, making it almost a year since the company’s employees were left without a new one. This prolonged period without job security and better payment conditions on the backdrop of increased inflation and economic challenges is not to be tolerated, hence, the union resorted to strike measures.

The strike at Virgin Hotels Las Vegas is relatively small in scale compared to previous strike action organized or planned by the Culinary Union. However, its impact was significant considering the property’s strategic location near both the Las Vegas Strip and the Las Vegas airport. As negotiations continue both the Culinary Union and its members are positive regarding a quick resolution in their favor providing them with fair wages and increased benefits.

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The Ohio Casino Control Commission (OCCC) has released its March 2024 revenue report, revealing a notable surge in revenue for the month. The combined taxable revenue from the state’s four casinos amounted to over $94.7 million, marking a significant 13.4% increase from February 2024’s gaming revenue of $83.5 million.

Moreover, there’s a modest 1.4% annual rise in revenue compared to the previous year. It’s worth noting that this revenue encompasses earnings from both slots and table games and excludes in-person sports betting, as online casinos are not yet legalized in Ohio.

While Ohio has yet to legalize online casinos, recent discussions among lawmakers suggest a potential shift in this landscape. Lawmakers have convened to deliberate on the feasibility of legalizing online casinos, citing the state’s interest in this burgeoning sector and the thriving markets already established in neighboring states like Michigan, Pennsylvania, and West Virginia.

Monthly Revenue Surge Across Ohio Casinos

The OCCC’s March 2024 revenue report indicates across-the-board monthly revenue increases for all four casinos. Of the total taxable revenue of $94.7 million, slot revenue contributed $69.0 million, with table games bringing in $25.7 million. Notably, Hollywood Columbus demonstrated the most substantial monthly progress, with a revenue of $25.6 million, reflecting a robust 13.3% monthly growth. Other casinos also saw notable increases in revenue compared to the previous month:

• Jack Cleveland Casino: $24.5 million in revenue, a 13.3% monthly rise
• Hollywood Toledo: $22.5 million in revenue, a 16.8% monthly increase
• Hard Rock Cincinnati: $22.2 million in revenue, up by 10.5% from February

Annual Revenue Trends

Examining the year-over-year performance, there are varied trends among the casinos. Hollywood Toledo and Hollywood Columbus both reported annual rises, with increases of 8.2% and 5.1%, respectively. Jack Cleveland Casino saw a marginal annual increase of 0.4%. However, Hard Rock Cincinnati experienced a notable annual decline of nearly 7.5%, the only casino to do so in March. This contrasts with February, where Jack Cleveland Casino had shown a year-over-year decline.

Recent discussions among Ohio lawmakers have revolved around the possibility of legalizing online casinos. The Study Commission on the Future of Gaming in Ohio, in its initial meetings, has delved into the topic, with upcoming sessions slated to address various aspects, including iLottery, racinos/charitable gaming, sports betting, and daily fantasy sports. Proponents argue that regulating online casinos could aid in addressing issues related to problem gambling while potentially generating significant tax revenue for the state. Estimates suggest that Ohio could generate between $205 million and $410 million annually in new tax revenue if online casinos were legalized.

The success and revenue generated by neighboring states like Michigan and Pennsylvania, where online casinos are thriving, serve as compelling examples for Ohio lawmakers. With these states raking in substantial tax revenues from iGaming, the pressure mounts for Ohio to consider legalizing online casinos, possibly in the near future or by 2025.

Source: “Ohio Casino Control Commission. “Monthly Revenue Report: March 2024.” [pdf]

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GAN, a major B2B technology provider of gaming solutions, decided to put its interim CEO, Seamus McGill, at the helm of the company, this time permanently. As the company’s new CEO, McGill will be tasked with overseeing the looming merger with Sega Sammy.

McGill was named interim CEO in September 2023, succeeding Dermot Smurfit who stepped down from the position. Prior to this appointment, McGill served as chairman of GAN’s board of directors.

GAN’s new CEO boasts robust experience in the tech and gaming sectors and is a suitable appointment to the company’s C-suite. He boasts some 25 years of experience within technology and gambling, having served a variety of influential companies across several countries and continents.

The appointee’s impressive track record includes tenures at Aristocrat, Cyberview Technology, JOINGO, Mikohn Gaming and WMS Gaming.

McGill joined GAN’s board back in April 2014, meaning that he now has a solid decade-long experience with the company’s business. His reliable expertise is sure to provide the company with an edge when it comes to its future endeavors.

In addition to serving as CEO, McGill will continue to be a part of the company’s board of directors.

McGill Thanked the Board for Its Confidence

GAN’s current chair, David Goldberg, welcomed McGill as permanent CEO, saying that his expertise and leadership abilities made him the “most qualified candidate” to be the firm’s new leader.

Seamus has been with the Company since 2014 and has a deep understanding of GAN’s products, customers, and strategy. On behalf of the entire board of directors, I’d like to congratulate Seamus on his appointment and we look forward to his success.

David Goldberg, chair, GAN

McGill commented on his new position, saying that he is honored to be named GAN’s CEO. McGill extended thanks to Goldberg and the rest of the board for their confidence.

Going forward, our focus remains unchanged. We remain committed to a timely closing of our transaction with Sega Sammy to maximize value for all of our stakeholders.

Seamus McGill, CEO, GAN

Speaking of the Sega Sammy merger, the transaction was just approved by GAN’s shareholders, despite an ongoing legal challenge from several disgruntled plaintiffs.

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