With new ownership includes changes, and Ocean Resort Casino in Atlantic City is currently undergoing its share, such as what appears to be the impending unionization of its own hotel and restaurant workers.
After Thursday’s approval from the New Jersey State Board of Mediation of this venue’s 74 percent of eligible employees who by signing cards or consent forms indicated their intent to set up a marriage in the Boardwalk home, they’re one step closer in doing exactly that.
Surpassed requirement:
Having a full 24 percent over the 50% that federal law requires in order for worker’s intent to unionize to be formally recognized by an employer, UNITE HERE Local 54 president, Bob McDevitt, allegedly said on Friday the “overwhelming” percentage of eligible employee signatures obtained by the mediation board was “really satisfying. ”
“(Ocean Resort) acted in good faith and we’re looking forward to sitting down at the table with themrdquo; additional McDevitt.
Volume representation:
An affiliate of UNITE HERE, an global labor union representing 270,000 working individuals throughout North America, Local 54 signifies hospitality workers in the Atlantic City region, and after negotiations start, would represent upwards of 1,300 employees in the prior Revel Casino Hotel.
The largest private sector union in South New Jersey, Local 54 represents almost 8,500 workers, such as cocktail servers, cooks, bartenders, housekeepers, bellhops, and other support workers in the resort city’s casino resorts.
Focus on Hard Rock:
Having started contract negotiations in September, the marriage has been recognized as Hard Rock Hotel & Casino Atlantic City’s bargaining agent for its nearly 1,500 union workers. And McDevitt allegedly said the union’s attention will be on wrapping up discussions with the Hard Rock International-owned hotel and casino before its full attention is shifted into Ocean Resort.
Both casinos’d unofficial openings June 27, 2018, with the Hard Rock reopening at the site of the shuttered Trump Taj Mahal Casino Resort, and also Ocean Resort, which Colorado-based programmer Bruce Deifik’s group, AC Ocean Walk, LLC, acquired from Florida programmer Glenn Straub for $229 million in early January 2018.
Downward spiral:
Just months after launching, in October last year, Ocean Resort requested and was awarded temporary relief of a $31 million requirement, which was afterwards extended by a month. According to a report in the time, the Atlantic City land had not been in compliance with the state Division of Gaming Enforcement (DGE) requirements since November 2018, that finally result in a February 6, 2019, approval of a divestiture trust agreement allowing operations in Ocean Resort to continue uninterrupted throughout a possession transition.
The unanimous decision by the New Jersey Casino Control Commission approving the intricate financial deal allowed New York-based hedge fund Luxor Capital Group to assume majority control of this resort casino in Deifik.
Advisors leave :
On the insides of the choice, two top executives, including Frank Leone, the property’s former chief executive officer, and Alan Greenstein, today ex-chief financial officer, in Ocean Resort were allowed go on February 18, 2019.
On January 29 this year, the DGE submitted a report to the state’s Casino Control Commission that detailed exactly how much Ocean Resort had been dropping. Operating losses of $3.2 million have been reported from the casino in September, followed by a further $4.1 million loss in October and in November, the operating losses were reported at $5.5 million. Last, in January 1 through the 24, Ocean Resort reported $4.1 million in operating losses, based on a February 2, 2018 news record .
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