Sunday, September 24, 2023
No Result
View All Result
  • Home
  • Guest Post
  • Submit Review Article
  • Contact
Somali Update
  • Headlines
    • Politics
  • Auto
    • Bike
    • Car
  • Business
    • Finance
    • Funding
    • Internet Marketing
    • Entrepreneurship
    • Startups
    • Insurance
    • Real Estate
  • Crypto
    • Bitcoin
    • Ethereum
    • Altcoins
    • Crypto Airdrop
    • ICO News
  • Entertainment
    • Poll
    • Quiz
  • Lifestyle
    • Health
    • Fashion
    • Food
    • Romance
    • Travel
  • Sports
    • Baseball
    • Basketball
    • Cricket
    • Football
    • Hockey
    • NFL
    • Tennis
    • WWE
  • Tech
    • Gadgets
    • Hardware
    • Software
    • Android
    • iOS
    • Social Media
  • Casino
    • Betting
  • Headlines
    • Politics
  • Auto
    • Bike
    • Car
  • Business
    • Finance
    • Funding
    • Internet Marketing
    • Entrepreneurship
    • Startups
    • Insurance
    • Real Estate
  • Crypto
    • Bitcoin
    • Ethereum
    • Altcoins
    • Crypto Airdrop
    • ICO News
  • Entertainment
    • Poll
    • Quiz
  • Lifestyle
    • Health
    • Fashion
    • Food
    • Romance
    • Travel
  • Sports
    • Baseball
    • Basketball
    • Cricket
    • Football
    • Hockey
    • NFL
    • Tennis
    • WWE
  • Tech
    • Gadgets
    • Hardware
    • Software
    • Android
    • iOS
    • Social Media
  • Casino
    • Betting
No Result
View All Result
Somali Update
No Result
View All Result

Las Vegas Workers Get a Raise

by Paul Carter
1 year ago
in Casino
Reading Time: 3 mins read
0
Home Casino
Share on FacebookShare on TwitterShare on WhatsAppShare on Telegram

Las Vegas continues to find new ways to reward its staff. This week, the Board of Directors of the Las Vegas Convention and Visitors Authority (LVCVA) approved a 4% pay raise for 240 employees and one-time bonuses of $2,250 per worker. The agency will spend approximately around $19.3 million to cover the costs.

The LVCVA was founded in 1955 and owns and operates the Las Vegas Convention Center. It is also responsible for marketing Southern Nevada to be the top destination for leisure and convention travel. Vegas is the city that never sleeps, offering non-stop gambling action, including moneyline bets.

las vegas workers average salary

Rewarding Top Talent

The agency is primarily funded by hotel occupancy taxes incurred in Clark County. The agency’s labor negotiations with Service Employees International Union resulted in the pay increases and bonuses for the 240 LVCVA workers. The authority’s service workers are represented by the Local 1107 chapter of the labor organization.

The LVCVA’s Collective Bargaining Agreement with the union provided these workers with 2.8% pay increases in 2019 and 2020. These terms didn’t mandate an increase in 2021 or this year, but permitted for renegotiations.

Yesterday’s meeting of the LVCVA board saw unanimous support for a 4% increase in compensation for service workers. LVCVA will settle on a five-year collective bargaining agreement with Service Employees International Union next spring.

After the Las Vegas Review-Journal revealed what it believed to be excessive spending, the LVCVA was under fire. The agency spent $700,000 on alcohol and $85,000 on showgirls/strippers over a three-year span.

Compensating for Abuse

An audit later revealed that LVCVA executives misused Southwest Airlines gift cards. Among the abusers was Rossi Ralenkotter, the former CEO of the LVCVA. According to the agency, he used more than $17,000 of Southwest gift credit for his personal trips.

Ralenkotter was at the time the highest-paid state employee. His annual compensation was nearly $1 million in salary and benefits. Two felonies of theft, misconduct by a public official were eventually brought against Ralenkotter.

Ralenkotter received a more lenient sentence as part of a plea agreement. He admitted guilt to a lesser misdemeanor. Ralenkotter was given a $1,000 fine and agreed to pay $24,406 in restitution and fines.

Same Old Antics

In 2018, Ralenkotter was succeeded by Steve Hill, the current CEO of LVCVA. After Ralenkotter’s resignation, the LVCVA board approved Ralenkotter’s appointment with a $53,000 separation agreement and a $132,000 performance bonus. He also received a $270,000 post-retirement consulting deal.

Michael Schaus of the Nevada Policy Research Institute stated that this retirement deal showed that the board was nothing more than a club of cronies. “The board was not required to offer any kind of deal. Their decision to enrich someone who has clearly violated the public trust in such a clear manner shows how naive they are about trying to be responsible stewards for public dollars.”

The LVCVA board approved last month a budget of nearly $400 million for its 2022-23 fiscal years. This is the agency’s largest budget ever.

Vegas Employees Rewarded

The Blackstone Group will soon hand over operational control of Cosmopolitan Las Vegas to MGM Resorts International. Ahead of that, the private equity firm gave $5,000 bonuses to the property’s 5,400 employees in May. President and CEO Bill McBeath also rewarded two workers with vacations to San Diego or Hawaii.

MGM revealed last September that it was paying $1.6 billion for Cosmopolitan’s operating right rights to Blackstone. Private equity firm Blackstone will still have some participation in the venue through real estate. The property assets were purchased by a real estate consortium that includes Stonepeak Partners, Cherng Family Trust and Blackstone Real Estate Income Trust.

Las Vegas has had a difficult time recruiting talent following the COVID-19 pandemic. There were a number of layoffs in 2020 and 2021, with many people choosing not to return to work. Perhaps the monetary compensation will prove to be a catalyst to rebuild the workforce.

Paul Carter

Paul Carter

Paul Carter is a talented author and a dedicated SEO specialist. Paul's extensive knowledge of SEO techniques, including keyword research, on-page optimization, and link building strategies, allows him to develop effective strategies tailored to each client's unique needs.

Related Posts

slots machine volatility

Everything You Need to Know About Volatility in Slots

10 months ago
best gambling bonus

How to Find the Best Gambling Bonuses Without Breaking a Sweat

11 months ago
top canadian casinos

The Best White Label Casino Games Providers

11 months ago
best online casino

What Is the Best Online Casino for Real Money?

12 months ago
pin up casino

Pin Up India – All you need to know

12 months ago
indian online casino

Casino Bonuses Available in Indian Online Casinos

1 year ago

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

SEARCH

No Result
View All Result

TRENDING

  • Trending
  • Comments
  • Latest
Moviesda

Moviesda Movie Download 2023: Latest Tamil Movies HD Download

September 22, 2023
University of Adelaide

University of Adelaide Admission: How to Apply Online

September 22, 2023
University of Technology Sydney Admission

University of Technology Sydney Admission

September 22, 2023
Isaimini

Isaimini Tamil Movies Download: Latest Tamil Movies HD Download

September 22, 2023
Asian markets rise

Asian markets rise as China’s retail sales and industrial output beat expectations

August 14, 2023
Nokia 5G mobile

Nokia 5G Mobile to be launched with T-Mobile soon

August 17, 2018
How Long Do Elf Bars Last

How Long Do Elf Bars Last? Shelf Life of Elf Bars

June 17, 2023
Google Maps

Google Maps now shows EV chargers in Android Auto

August 19, 2023
property pricer

Top Tips When Looking To Identify the Selling Price for a Property

July 6, 2022
home loan

A Guide to Borrowing a Home Loan

December 6, 2022

Business Ideas with Low Investment and High Profit

1
Bhutan Teer Result 2021

Bhutan Teer Result Today Live: Bhutan Teer Result 05.05.2023

1

Reasons to Join the PKT Cash Crypto Network

1
Kolkata FF Fatafat Result

Kolkata FF Fatafat Result 5th August 2023 Live Updates

1
Coinbase

Coinbase Crypto Exchange hires Jeff Horowitz as their CCO

0
Kucoin

KuCoin Scam? Office Location issue clarified

0
Nokia 5G mobile

Nokia 5G Mobile to be launched with T-Mobile soon

0
CasinoBuzz

Casino.Buzz: One of the most Informative Online Casino Review Website

0
Facebook Ban alex jones

Facebook Suspends Alex Jones for Hate Speech

0
Good Rummy Party

What Makes a Good Rummy Party?

0
Kuttymovies

Kuttymovies 2023: Download Latest Tamil Movies 480p, 1080p

September 22, 2023
Filmyzilla

Filmyzilla Movie Download: Latest Bollywood & Hollywood Movies

September 22, 2023
Sigourney Weaver

Sigourney Weaver Wiki, Biography, Height, Career, Achievements, Networth

September 22, 2023
James Cook University

James Cook University Admission

September 22, 2023
University of Queensland Admission

University of Queensland Admission

September 22, 2023
Nicolas Cage

Nicolas Cage Wiki, Biography, Career, Spouse, Net Worth

September 22, 2023
Kolkata FF Fatafat Result

Kolkata FF Fatafat Result 5th August 2023 Live Updates

September 22, 2023
UNSW Sydney Admission

UNSW Sydney Admission

September 22, 2023
Movierulz

Movierulz 2023 – Download Latest Telugu, Bollywood Movies

September 22, 2023
Macquarie University Admission

Macquarie University Admission: How to Apply Online

September 22, 2023

ABOUT US

From global politics to cultural trends, we bring you comprehensive coverage and diverse perspectives. Stay connected with the international community and explore stories from around the globe. Engage with our thought-provoking articles and stay informed about the world’s most pressing issues.

Contact us at qnewsofficial@gmail.com

ADVERTISE WITH US

We accept following advertisement methods in our website.

  • Guest Post
  • Sponsored Post
  • Banner Ad
  • Homepage Ad
  • Sidebar Ad
  • Niche Edit
  • Link Ad
  • Review Article

POPULAR CATEGORIES

List of Popular categories in our websites which are loved more frequently by our beloved readers.

  • AUTO
  • BUSINESS
  • CRYPTO
  • GAMBLING
  • SPORTS
  • TECH
  • HEALTH

THIS WEEK POLLS

Sorry, there are no polls available at the moment.
  • Polls Archive
  • Home
  • Guest Post
  • Submit Review Article
  • Contact

© 2023 SOMALIUPDATE - Developed by VISION

No Result
View All Result
  • Headlines
    • Politics
  • Auto
    • Bike
    • Car
  • Business
    • Finance
    • Funding
    • Internet Marketing
    • Entrepreneurship
    • Startups
    • Insurance
    • Real Estate
  • Crypto
    • Bitcoin
    • Ethereum
    • Altcoins
    • Crypto Airdrop
    • ICO News
  • Entertainment
    • Poll
    • Quiz
  • Lifestyle
    • Health
    • Fashion
    • Food
    • Romance
    • Travel
  • Sports
    • Baseball
    • Basketball
    • Cricket
    • Football
    • Hockey
    • NFL
    • Tennis
    • WWE
  • Tech
    • Gadgets
    • Hardware
    • Software
    • Android
    • iOS
    • Social Media
  • Casino
    • Betting

© 2023 SOMALIUPDATE - Developed by VISION