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In any event, by 1829, a recognizable version of the game was being played in New Orleans. MGM has said that every 1% increase in wages would add about $10 million to labor costs, according to Truist analyst Barry Jonas. (Reporting by Doyinsola Oladipo in New York and Shivansh Tiwary in Bengaluru; Editing by Maju Samuel and Cynthia Osterman) He estimated wage increases could cost Caesars $40 million to $60 million a year and double that for MGM based on their employee count. Pappageorge said that negotiations were “very disappointing” and the companies did not make substantive wage proposals.
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