France’s Vivendi, controlled by billionaire Vincent Bollore, agreed in June to sell its publishing business Editis to International Media Invest (IMI), a subsidiary of Kretinsky’s Czech Media Invest (CMI). The group, in which Kretinsky holds 50%+1 share, comprises more than 70 energy-related companies and reported combined revenue of 37 billion euros in 2022. EPH controls a total installed capacity of 14 gigawatts, according to the company’s website. The five-year union contract with MGM, Caesars, Wynn and smaller operators ended in May 2023, with an extension to Sept.
26 to authorize a strike across 22 properties on the Las Vegas Strip. About 95% of hospitality workers voted on Sept. 15, according to the union. The Last Casino was created in 2004. “Any time after October 6th, there could be a strike,” he said. “The companies have an opportunity to do the right thing and step up and get a contract done, but if not there could be a strike any time after that,” said Ted Pappageorge, Secretary-Treasurer for the culinary union. Their demands mirror similar activity in shipping, rail and auto industries where employees have sought better compensation due to the higher cost of living as unemployment stays low.
The Las Vegas unions are among the most powerful in the United States, covering workers that wait tables, clean hotel rooms and prepare food. A consortium led by Kretinsky will end up with 50.4% to 53% of Casino shares, based on the July agreement. This finalised a July agreement in principle that called for 1.2 billion euros of new money to be injected into Casino and a reduction of its debt by 6.1 billion euros. The French retailer said on Oct. 5 it had sealed a deal to avert bankruptcy through a debt restructuring agreed with its main creditors, led by Kretinsky.
Kretinsky’s 1890s Holdings group has a 27% stake in English Premier League soccer club West Ham United, according to the club’s website, adding to his ownership of the leading Czech team, Sparta Prague. Workers are negotiating for a new five-year contract to boost wages and benefits as tourism in Las Vegas recovers from depressed visitor levels during the pandemic. The culinary workers union and bartenders union represent workers at properties around the city, including those operated by MGM Resorts International, Caesars Entertainment , and Wynn Resorts.
Kretinsky is in exclusive talks to buy Atos’s loss-making Tech Foundations branch in a 2 billion-euro deal via his EP Equity Investment vehicle, the French tech group said in August. The deal would also give Kretinsky a 7.5% stake in its remaining business, to be renamed Eviden. Most recently, supermarket group Casino finalised a deal to avert bankruptcy, which will leave a consortium led by Kretinsky with more than half of its shares.
Oct 5 (Reuters) – Czech billionaire Daniel Kretinsky has been on a buying spree in France, with three new investments so far this year. Logistics firm DoDo, which provides fast delivery services to customers in e-commerce, retail and food delivery, said in May 2022 Kretinsky would inject 60 million euros ($63. If you cherished this short article and you would like to acquire a lot more facts with regards to genting online casino kindly go to the internet site. 16 million) into the group over two years to support its international expansion.