NEWSMAKER-Czech tycoon Kretinsky crashes close-knit French elite…

Kretinsky, who made his fortune in the energy sector with a string of high-stakes purchases and now owns a house near the Elysee Palace in Paris, is also in talks to become the biggest shareholder in French IT consulting firm Atos. ‘To have this moment where it feels like it was meant to be, but it wasn’t something that I was aiming for, feels so refreshing and amazing to, once again, like in the ’80s, have this multigenerational moment,’ she gushed.

He is also facing political headwinds in his quest to buy Atos’ legacy operations in France and failed to win the auction for German utility Steag earlier this year, sources with knowledge with the situation said. Oct 6 (Reuters) – The unions representing 53,000 hospitality workers in Las Vegas said on Friday they have seen “no real movement” this week in contract negotiations with casino-resort operators MGM Resorts International and Caesars Entertainment.

The Culinary Workers and Bartenders unions are demanding higher wages, stronger protections against new technology that may threaten jobs, a reduction in steep housekeeping quotas and improved safety for workers. “He’s combining business with pleasure.” “He’s decided to accelerate this development in France, which is all the more interesting for him as he’s a francophone and a Francophile,” said Denis Olivennes, Kretinsky’s right-hand man in France.

EPH reported earnings before interest, tax, depreciation and amortisation of 4.3 billion euros for 2022. Companies under Kretinsky’s control or joint control had core operating profits (EBITDA) of more than 9 billion euros last year and assets of more than 80 billion euros, an EPH spokesperson said. Pappageorge said the unions have proposed the largest wage increases ever negotiated in their history, reduced workload and room quotas for housekeepers, better safety protections for workers, among others.

The unions met with MGM Resorts on Tuesday, and is scheduled to meet Caesars on Wednesday and Wynn on Friday. The 2016 takeover of Vattenfall’s German mines and 8,000 megawatt coal power plants is one example, where Kretinsky received 1.7 billion euros ($1.8 billion) in cash to buy the assets and the Swedish group booked a large loss on the deal. Kretinsky’s Prague-based holding firm employs around 250 people, with only a small plaque to signal its presence on the appropriately-named boulevard-style Paris Street.

It is run by a loyal inner circle of managers, some with small equity stakes. He estimated that wage increase could translate to a $40 to $60 million annual financial effect on Caesars and double that amount for MGM. MGM said that every 1% increase in wages will equal approximately $10 million of additional wage costs, according to Jonas. 26 to authorize a strike across 22 properties on the Las Vegas Strip. About 95% of hospitality workers voted on Sept.

If you beloved this article and you also would like to collect more info regarding wow vegas online casino nicely visit the web site. 15, according to the union. The five-year union contract with MGM, Caesars, Wynn and smaller operators ended in May 2023, with an extension to Sept. Average room rates were $158.47 in August, a 31% increase from the same period 2019. Over 3.3 million people visited Las Vegas in August 2023, a 7% decrease from levels during the same period in 2019 before the pandemic, according to data from the Las Vegas Convention and Visitors Authority.