![]() The new owners, Caesars and Tropicana Entertainment, closed it down soon. The Atlantic Club shut down January after a bankruptcy sale. But, says Hughes, “it’s going to have a permanently smaller economy. Its not the first hotel to close this year in Atlantic City. “Atlantic City was predicated on being an east coast monopoly in the casino industry now there’s no monopolies any place,” says James Hughes, dean of the school of planning and public policy at Rutgers University.Īll the neighboring states have casinos now, allowing those states to retain their own gamblers and poach some of New Jersey’s.ĭespite that, Atlantic City still draws millions of visitors and some of its casinos are still quite profitable. It hitched itself to a star, and that star faded. “We want to make sure that people have unemployment benefits, health benefits, utility and food assistance.”Ītlantic City is experiencing something that many cities have experienced before it. The union booked the convention center to get resources to people laid off. “We’re trying to ease the blow,” says Ben Begleiter, an analyst with UNITE HERE Local 54, the union which represents many casino workers in Atlantic City. Two of Atlantic City’s casinos, the Revel and the Showboat, closed down this past weekend, bring the total closures to three this year.įive thousand people lost their jobs, and a fourth casino – Trump Plaza – will shut down in two weeks.
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