Wynn Resorts reaches framework to settle Encore Boston Harbor strike

Craig Billings, chief executive of Wynn Resorts, said on Thursday that a framework had been agreed to end the strike at Encore Boston Harbor. Union leadership recommended the agreement to the membership. Members were due to vote on ratification late Thursday, Billings told analysts on the third-quarter earnings call. Billings released no specifics of the contract.

The walkout started on September 4, after collective-bargaining agreements expired on August 31, and about 1,350 union employees joined the picket line. Wage increases comparable to those at unionized hotels in downtown Boston were being sought. Further demands covered keeping existing healthcare and benefits, along with better job security and guaranteed hours.

Billings pointed out that agreements are generally ratified when unions put them to a vote. He added that the company was "very happy with where we landed", with figures to follow on the next call.

During the third quarter, Wynn contributed $62.2m of cash to the 40% owned joint venture building Wynn Al Marjan Island in the United Arab Emirates. Wynn has contributed $1.12bn to the project so far. Wynn Al Marjan Island is scheduled to open on 27 September 2027.