The Economic Impact of Casino Closings

AC Casino Closures Leaves Thousands Without Work

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    NEWSLETTERS

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    Tuesday’s announcement that Atlantic City’s Revel Casino Hotel will cease operations and shut down Sept. 10 just adds to the staggering amount of casino workers who will soon be out of work.

    If the $2.4-billion casino does close its doors on Sept. 10, it would leave 3,200 people unemployed. When Trump Plaza closes this fall, 900 people will be out of work, and when the Showboat Atlantic City closes later this month, 2,000 people will lose their jobs. That's 6,100 workers looking for new jobs.

    Securing a job will be difficult because other properties in Atlantic City are already at capacity, experts say, so workers will most likely have to look to other states with thriving gaming industries, such as Pennsylvania, Delaware, New York and Maryland.

    "We're talking about hundreds and hundreds of dealers if all three properties close," said Saverio R. Scheri III, president and chief executive of WhiteSand Gaming LLC, a consulting firm with offices in Atlantic City. "They'll be lucky if 25 or 50 of them find jobs in town. Now, where are they going to go? They'll go to Philadelphia -- Valley Forge Casino Resort, SugarHouse Casino and Parx Casino." Read more at PBJ.com.

    For more breaking business news go to PBJ.com