8,000 Casino Jobs at Risk in Atlantic City
Atlantic City could lose more than 8,100 casino jobs and nearly $1.3 billion in annual revenue over the next decade due to rising regional competition, according to a recent economic report released by the Atlantic County Economic Alliance. The study outlines significant challenges for Atlantic City, projecting that potential job losses could account for more than one third of current casino employment in the municipality. Revenue declines might top 44% if multiple competitive threats emerge simultaneously. Under a baseline scenario that excludes proposed expansion in North Jersey, the coastal hub still faces potential reductions of 5,100 jobs and nearly $815... The post 8,000 Casino Jobs at Risk in Atlantic City appeared first on This Week in Gambling.
Atlantic City could lose more than 8,100 casino jobs and nearly $1.3 billion in annual revenue over the next decade due to rising regional competition, according to a recent economic report released by the Atlantic County Economic Alliance. The study outlines significant challenges for Atlantic City, projecting that potential job losses could account for more than one third of current casino employment in the municipality. Revenue declines might top 44% if multiple competitive threats emerge simultaneously. Under a baseline scenario that excludes proposed expansion in North Jersey, the coastal hub still faces potential reductions of 5,100 jobs and nearly $815...
The post 8,000 Casino Jobs at Risk in Atlantic City appeared first on This Week in Gambling.
