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The bitter, longstanding feud between Station Casinos and the Culinary Union in Las Vegas took another turn this month, this time to Washington, DC and the US Supreme Court.
On 4 September, Chief Justice John Roberts denied Station’s emergency request for a stay of a federal appeals court decision that ordered the company’s Red Rock Casino Resort Spa in Summerlin to comply with a National Labor Relations Board mandate and bargain in good faith with the union following a failed labour vote in late 2019. Roberts gave no explanation for the denial.
The NLRB ruled after the election that Red Rock took steps to prevent a fair union vote, and Red Rock sued in response, although the ruling was upheld by the US Court of Appeals for the District of Columbia last month. After the court denied a rehearing request on 6 August, it also subsequently denied Station’s request for a stay pending SCOTUS relief on 24 August.
How to play Cash Surge
Same thing that happened in 2012. I’m sad, but once again, I’m just beaten to the punch. My whole adult life has been that way and I can’t really explain how or why other than to say it I’m constantly being pushed in the direction I’m already going in.
So here’s what happens from here, in my view. In a few months, food price increases are going to start to become very glaringly obvious. Price inflation will not be able to be hidden anymore. You can tinker with the inflation statistics only so much, but once it gets to food prices, it’s game over. It’s already happening. Food bills are rising and are about to rise much faster.
That inflation is going to be priced into bond yields very quickly and the balance sheets of all the banks with worthless bonds squirting out of their eyeballs are all going to collapse. All at the same time. The whole process once it starts will take no more than weeks. The Fed will embark on one last round of printing to try to save the system one more time, but it will not work. Not this time. This time, the dollar, the reserve currency of the world, will be completely destroyed, and with it all other fiat currencies and the entire global financial system. Done, finished, the end. That means everything running on the assumption that dollars have any value, including the electricity grids that mine cryptocurrencies mind you, will freeze up.
What is Cash Surge?
Sun International reported 7.4% group income growth during its H1, driven by a strong performance from its online brand SunBet.
Group income reached R6.58 billion ($411.9 million) across the first half of the year when excluding the Table Bay Hotel (TBH), which the company is running under a management agreement with IHG.
Sun International’s adjusted EBITDA (excluding TBH) edged up 2% to R1.59 billion in H1. Revenue growth was at the “upper end of expectations”.
