Layoffs Could Soon Begin In Atlantic City Casino

Layoffs Could Soon Begin In Atlantic City Casino

October 2nd, 2010 – by Glen Farmer

The casino industry in Atlantic City has been suffering over the past two years, and employees are now experiencing the backlash. One casino, Resorts Atlantic City, is sending out notices to workers that layoffs could be on their horizon.

Last Thursday, a memo was issued by the casino’s chief operating officer, John Pasqualoni. Pasqualoni informed employees that on Friday they will be receiving notices required under the Worker Adjustment and Notification Act, or WARN.

The notice showed that layoffs will occur on December 1st. It is unknown how many of the casino’s employees would be laid off. Currently, over 2,100 people are employed by the casino.

[Beacon Hill's wildly overstated job estimates would have you believe that 5,000 people would be employed at each SLOT BARN. Fall River Mayor Will Flanagan would have you believe that the Mashpee Wampanoag will create thousands of jobs, yet here's an established casino that is not employing as many.]

According to records, the casino is set to be purchased by Dennis Gomes and Morris Bailey, two big names in the casino industry. The layoff date is to coincide with the date that the two buyers are to be approved of by the Casino Control Commission.

The source of Atlantic City’s plight stems not only from the recession that has gripped the nation, but also Pennsylvania’s burgeoning casino industry. Caught in the throes of competition, Atlantic City’s casinos have been experiencing a financial free fall.

Some argue that USA online casinos and other forms of USA online gambling have helped contribute to Atlantic City’s failure.

Written by: Glen on October 2, 2010.