Atlantic City is suffering, and there is little hope that it will be able to financially withstand two more months of business. According to Press of Atlantic City, one in four employees of the Atlantic City casino industry might lose their job after the possible closing of Trump Plaza Hotel and Casino.
The casinos are in desperate need of finding buyers to keep their businesses afloat. The New York Times reported that The Atlantic Club has already shut down, and Showboat and Revel are set to close later this summer. The Trump Plaza Hotel and Casino has also just received warning of a Sept. 16 closing, and these four casinos combined make up 25 percent of Atlantic City’s casino staff.
The industry is sinking faster than ever before, and many fear that there is no recovery in sight.
“It’s a disaster. This is going to impact all sectors of the economy, from big stores to real estate values and on and on,” said state Sen. Jim Whelan, D-Atlantic, according to Press of Atlantic City.
The fear of destruction is resilient, but Gov. Chris Christie and mayor Don Guardian have a foresight for an Atlantic City that brings a breath of fresh air, according to The New York Times. Their idea of a new and upcoming city is that of a convention center, a college campus, a technology complex and perhaps a bit of gambling on the side.
A bit of gambling on the side is to be taken with a grain of salt, however, as gambling is just not what it used to be. Atlantic City can no longer use casinos as leverage for business. Gambling has been instated in more places than one, and with the falling popularity of the game, it is not enough to make businesses flourish.
“It’s time,” Guardian said, according to The New York Times, “to open another chapter.”
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