Free parking in atlantic city casinos 201911/24/2023 In the third quarter of last year, a new union contract that paid many casino and hotel workers including housekeepers, drink servers and public area cleaners large raises took effect, averting a threatened strike.īut Giannantonio said the pressure on earnings was not solely due to higher labor costs. "You have revenue that's not growing fast enough, and couple that with expenses in some categories that are up 20 to 25% or more, and you can see how quickly this can erode profits," he said. Mark Giannantonio, president of Resorts Casino and the Casino Association of New Jersey, said inflationary pressures took a toll on the casinos' finances last year.
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