Bally's and International Union of Operating Engineers Enter Into Labor Neutrality Agreement for Tropicana Las Vegas

Bally's Corporation (NYSE: BALY) announced a labor neutrality agreement with the International Union of Operating Engineers (IUOE) regarding its Tropicana Las Vegas property.

Rhea-AI Summary

Bally's Corporation (NYSE: BALY) announced a labor neutrality agreement with the International Union of Operating Engineers (IUOE) regarding its Tropicana Las Vegas property. This agreement allows employees to make informed decisions on union representation without pressure. Chairman Soo Kim emphasized the company's commitment to employee rights and positive labor relations. Bally's also entered a Multi-Project Labor Agreement with local unions for its Chicago casino's construction. Bally's operates 15 casinos in 10 states and has plans for further expansion, underscoring its strong position in the gaming industry.

Positive

• Entered a labor neutrality agreement with IUOE, fostering employee representation.
• Commitment to building positive relationships with labor unions.
• Expansion plans with the construction of a casino in Chicago.

Negative

• None.

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Agreement demonstrates Bally's continued support for its employees and local unions 

PROVIDENCE, R.I., Dec. 9, 2022 /PRNewswire/ -- Bally's Corporation (NYSE: BALY) today announced that it has entered into a labor neutrality agreement with the International Union of Operating Engineers (IUOE), the 10^th largest union in the AFL-CIO with approximately 400,000 active members in 123 local unions throughout the United States and Canada, concerning its Tropicana Las Vegas property. Pursuant to the agreement, the parties will take a neutral approach to organizing campaigns, which will enable every Tropicana Las Vegas employee to make an informed decision regarding their union representation.

Soo Kim, Chairman of the Board of Bally's, said, "Bally's employees are our most valuable asset, and we have worked hard to ensure that they maintain an unimpeded right to select their representation. We have an established track record of building positive relationships with organized labor and look forward to continuing to foster our relationship with IUOE."

"Bally's and IUOE are aligned in our efforts to advance employee representation locally and at the national level," said Jose Soto, Organizing Director of IUOE Local 501. "As a result of the commitment and integrity demonstrated by Mr. Kim and his team, we've developed a strong relationship with Bally's that we are confident will benefit the company's workforce for many years to come."

Bally's agreement with IUOE is yet another example of the company's continued and consistent support for its employees and labor unions. In October, Bally's entered into a Multi-Project Labor Agreement with the Chicago & Cook County Building & Construction Trades Council and the AFL-CIO Building and Construction Trades Department to facilitate the construction of its flagship Bally's Chicago casino.

About Bally's Corporation
Bally's Corporation is a global casino-entertainment company with a growing omni-channel presence of Online Sports Betting and iGaming offerings. It currently owns and manages 15 casinos across 10 states, a horse racetrack in Colorado and has access to OSB licenses in 18 states. It also owns Bally's Interactive International, formerly Gamesys Group, a leading, global, online gaming operator, Bally Bet, a first-in-class sports betting platform and Bally Casino, a growing iCasino platform.

With 10,500 employees, the Company's casino operations include approximately 15,000 slot machines, 500 table games and 5,300 hotel rooms. Upon completing the construction of a temporary casino facility in Chicago, IL and a land-based casino near the Nittany Mall in State College, PA, Bally's will own and manage 17 casinos across 11 states. Its shares trade on the New York Stock Exchange under the ticker symbol "BALY".

Media Contact
Diane Spiers
VP Marketing Strategy & PR
dspiers@ballys.com
609-377-4706

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SOURCE Bally's Corporation

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What is the labor neutrality agreement announced by Bally's Corporation?

Bally's announced a labor neutrality agreement with the IUOE for its Tropicana Las Vegas property, allowing employees to make informed decisions about union representation.

How does the labor neutrality agreement benefit Bally's employees?

It provides employees with an unpressured environment to choose their union representation, promoting employee rights and relations.

What is the significance of the agreement for Bally's Corporation?

The agreement showcases Bally's commitment to supporting its workforce and maintaining positive labor relations, which can enhance its reputation and operational stability.

What other agreements has Bally's entered into recently?

Bally's also entered a Multi-Project Labor Agreement with the Chicago and Cook County Building & Construction Trades Council for its Chicago casino construction.

How many casinos does Bally's operate?

Bally's currently operates 15 casinos across 10 states.