..

Crown Casino Strike To Cost Millions?

Written by:
C Costigan
Published on:
Oct/12/2010
Crown Casino Strike

Australian and international punters, casino millionaires, billionaires, entrepreneurs, journalists, politicians and everyone else... G'day. The world famous Australian Casino Wars continue to take new forms, and in the latest twist the upcoming Crown Casino staff strike is set to cost the firm millions according to bush tucker swag of experts, and this is likely music to the ears of competitor Tabcorp, now known on the world stage for their Sin City Sydney based Star City Casino. Media Man and Gambling911 once again play 'Casino Jack' with this special report from the front line of the Australian casino wars...

In what is understood to be Australia's most famous strike in recently history, James Packer owned Crown Casino will suffer massive disruptions during this coming Saturday’s Caulfield Cup happening with pretty cunning casino workers planning to strike over a pay dispute, a union official has told us.

Jess Walsh, spokeswoman for the Liquor Hospitality and Miscellaneous Union (LHMU), advised casino workers notified Crown of the pending strike action yesterday following the "no thanks" of the casino’s offer to increase worker wages by 3.75% a year, and this change the union says could end up costing casino dealers about $5000 bucks annually. Yep, it all adds up, and you were worried about how much you put into the land based and online casino slot machines!

Walsh reckons the strike which is planned for both Friday and Saturday will end up costing the casino a whopping $4 million plus in revenue and $1 million in profits each day, and to top it off the Victorican government could lose $400,000 in tax revenue per day. Just how much PR damage will be done is not known, but what is know that "casino haters" and "bible bashers" won' be loosing any sleep over this news, and may even be celebrating, some likely calling it "Gods Will" or you get the idea.

"Crown staff are demanding recognition and respect for being the best casino workers in the country,” Walsh said.

"Crown Melbourne dwarfs other Australian casinos by every measure. It needs to attract and retain the best staff and now it has an opportunity to do just that — by creating the best conditions at work. This strike will cost Crown dearly. It will cost Crown up to $180,000 in lost revenue every hour workers are on strike or more than $4 million for the day. Obviously, strike action is a last resort. Casino workers still hope Crown will put a fair offer on the table so this action can be averted."

It was just last week Crown upped its wage offer by 0.25% over three years, following the successful strike ballot, but most workers were none to impressed.

Crown spokesman Gary O’Neill said at the time the casino was confident its contingency plans were adequate to ensure the precinct continued to operate efficiently.

He went on to claim that 4448 employees were covered by the casino’s enterprise bargaining agreement and only 19% of those voted in the ballot.

He said the company regretted the union’s threat but would take the "necessary steps to protect its business and the interests of its customers and shareholders".

Media Man and Gambling911 are hopeful that the Crown Limited top brass and casino workers can work it out. Other than that, may the best side win. Game on? – Greg Tingle is proprietor of Media Man Int. and a Special Contributor to the Gambling911.com website.

Business/Financial News

Bitcoin Notches Record High, Day After U.S. ETF Debut

Bitcoin Notches Record High, Day After U.S. ETF Debut

Bitcoin climbed to a record high on Wednesday, and the first U.S. bitcoin futures-based exchange-traded fund (ETF) built on gains after a solid debut on Tuesday.

Bitcoin Bull Mark Yusko Sees Trouble at $60,000

Bitcoin Bull Mark Yusko Sees Trouble at $60,000

Speaking to CNBC this week, hedge fund manager Mark Yusko believes investors will take profits due to the cryptocurrency’s sharp rally over the last few weeks.

U.S. Becomes Largest Bitcoin Mining Centre After China Crackdown

U.S. Becomes Largest Bitcoin Mining Centre After China Crackdown

The United States has overtaken China to account for the largest share of the world's bitcoin mining, data published on Wednesday by Britain's Cambridge Centre for Alternative Finance showed.

Fake New: How an Elaborate Hoax in the Crypto Space Led to Death Threats

Fake News: How an Elaborate Hoax in the Crypto Space Led to Death Threats

We can probably speak on behalf of CoinGeek when we say, near and dear to our hearts was today's panel on Media Influence: How News Reporting Affects the Digital Asset Market.  Like Gambling911.com, CoinGeek we know strives to report fair and balanced news.  But not every story out there in the digital assets space proves to be factual. 

Bitcoin SV as Turing Complete System

Bitcoin SV as Turing Complete System

There is a controversy that's been emerging in the cryptocurrency community that claims Bitcoin cannot be used as a turing complete system.  In computability theory, a system of data-manipulation rules is said to be Turing-complete or computationally universal if it can be used to simulate any Turing machine, meaning the ability to recognize or decide other data-manipulation rule sets.

Syndicate