The Caesars family of companies has a long history of positive relations with organized labor, dating back many decades. More than one half of the hourly Team members employed in the U.S. are covered by a collective bargaining agreement (CBA). Our CBAs are the product of good faith negotiations with the respective unions that represent employees in many of our facilities.
Our CBAs contain grievance procedures by which employees and the unions can contest a wide range of disciplinary actions and termination decisions. The grievance procedure includes an arbitration step, allowing the employee to have the dispute heard by a neutral third-party arbitrator, whose decision to uphold or deny the grievance is binding. Our union represented employees, like those not represented by a labor organization, enjoy competitive wages and benefits. No Caesars affiliated property has seen a strike in over a decade.
Annual societal contributions by our casino resort properties per $10 million dollars in revenue outperform the average U.S. corporation’s contributions by a factor of four. While the average U.S. corporation’s societal contributions are roughly $1.3 million per $10 million in revenues, ours is $4.4 million. Of that, more than half ($2,802,000) is reflected in employee pay and benefits. Another roughly $1.5 million is paid in local, state, and federal taxes. In short, the presence of a Caesars casino resort means a rich contribution to the local economy, in both pay and taxes.