Casino workers in Atlantic City have voted to authorize a strike ahead of the Fourth of July holiday weekend to protest stalled negotiations for increased wages. What Happened: According to combined media reports, contracts between the New Jersey gambling mecca's major casino-hotels and the Unite Here Local 54 union expired on May 31.
A top fast food restaurant saw shares jump on rumors of a potential takeover by a leading investor. What Happened: A new filing from Wendy's Co showed that Trian Fund Management owns 19.4% of Wendy's with its partners. A transaction that includes Wendy's would be one of the biggest in the restaurant industry in the past few years, with a current market capitalization of $3.5 billion.
Sports betting and online gaming company DraftKings Inc reported first-quarter financial results Friday before the market open. What Happened: DraftKings reported first-quarter revenue of $417 million, up 34% year-over-year and ahead of a consensus $414.4 million estimate, according to data from Benzinga Pro.
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