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BLOOMBERG: Caesars, Las Vegas Workers Reach Deal Easing Strike Threat

A powerful Las Vegas hospitality union struck an agreement with casino owner Caesars Entertainment Inc., the first breakthrough in a months-long labor standoff that threatened to upend one of the nation’s largest tourist economies just before it hosts a major grand prix and the Super Bowl.

Culinary Workers Union Local 226 said Wednesday it had reached a tentative labor pact with Caesars, laying the foundation for similar agreements with two other companies, MGM Resorts International and Wynn Resorts Ltd. The union had set a 5 a.m. deadline Friday for the companies to agree to their demands or face a strike of more than 40,000 workers across three dozen casinos and resorts.

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