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Physical casinos are available in almost all developed cities, but recent technological developments have led to the introduction of online casinos. Casinos have existed for a long time, providing millions with a seamless gaming experience globally. MGM has said that every 1% increase in wages would add about $10 million to labor costs, according to Truist analyst Barry Jonas. He estimated wage increases could cost Caesars $40 million to $60 million a year and double that for MGM based on their employee count.

(Reporting by Doyinsola Oladipo in New York and Shivansh Tiwary in Bengaluru; Editing by Maju Samuel and Cynthia Osterman) Oct 9 (Reuters) – Thousands of Las Vegas workers will picket MGM Resorts and Caesars Entertainment casinos on Thursday for the first time in nearly two decades, the unions said, as they contemplate a possible strike. Some 95% of union members voted in September to authorize a citywide strike. Tourism is the city’s lifeblood and Las Vegas is gearing up for major events including a Formula 1 race expected to bring more than 100,000 tourists to the city in November.

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