Atlantic City Casinos Continue Slashing Jobs In September

Atlantic City casinos cannot withstand much more of the pounding they have been given over the past couple of years. The latest setback came in September, when the industry cut over 1,000 jobs in an effort to keep operating costs down.

The casino industry in AC has been ravaged by casinos in neighboring states. Pennsylvania, New York, and Connecticut have all expanded their casino gambling options, and it has led to a major decrease in business in AC.

For the better part of the past three decades, Atlantic City casinos had the market cornered. That all began to change in recent years with surrounding states deciding to change or expand their gambling laws. People are no longer coming from these other states to gamble in Atlantic City.

In September, the casino industry in AC cut 1,067 jobs. It is not unusual at this time of year for the casinos to terminate employees, but the amount this year was much higher than in previous years.

The industry still powers AC, but the work force has now been cut to 37,337 employees. That figure is almost 4,000 employees lighter than it was just twelve months ago. Revenue at the casinos continues to drop, and as it does, employees are falling with it.

In July of 1997, when Atlantic City was at its peak, employment was over 51,000. That means that over the past two decades, more than 14,000 jobs have been lost, with many of those layoffs coming over the past two years.

October 5, 2009
Posted By Terry Goodwin
Staff Editor, CasinoGamblingWeb.com
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