Posted on 07/14/2014 1:31:16 PM PDT by Hojczyk
Job losses at Trump Plaza when the Atlantic City casino shuts down in September will be even worse than expected.
Trump Entertainment Resorts began mailing notices to its workers on Monday, informing them that while a final decision has not been reached, management expects to close the casino on Sept. 16.
The notice says 1,153 people will lose their jobs, up from estimates of just over 1,000 last week.
The figure is contained in federally-required WARN notices that must be sent to workers at least 60 days before an anticipated shutdown or mass layoff. In the notice, a copy of which was obtained by The Associated Press, the company lists 1,153 under a section that reads, "Number of employees to be terminated."
The job losses are sending shock waves through what until just a few years ago was the nation's second-largest gambling market. New Jersey has now lost that position to Pennsylvania.
Trump Plaza has been the worst-performing of Atlantic City's 11 casinos, and is one of three casinos currently operating that could close before fall.
The Showboat is closing Aug. 31, and Revel says it will shut down if a buyer can't be found in bankruptcy court.
The Atlantic Club shut down in January.
(Excerpt) Read more at myfoxny.com ...
sadtrombone.mp3
You’re fired.
It's a shame. Back in the mid 70's they bought up every nice family beach property there was to bulldoze them for casinos.
If supply equals demand, the price for hookers will be $10 by 2016.
The Northeast Corridor is saturated with casinos. One of the casinos mentioned that might shut down, Revel, is only two years old and has already filed for bankruptcy. Delaware has already had to bail out its casinos. Maryland is opening a casino in Baltimore this summer and there will be another one right off the Capital Beltway and just across the Potomac from VA in 2016. The only untapped market is the Atlantic Coast states from VA to GA. There is just one casino on a Cherokee reservation on the NC side of the Smoky Mountains.
People have no money to buy gas, much less gamble..................
I just dont understand how Atlantic City can suffer. Las Vegas can only dream of having the population area that Atlantic City has yet Vegas while in a downturn still crushes them. I think maybe because one is viewed as a weekend trip while the other is a vacation.
Pretty sure the cost of just staying alive has sapped a lot of discretionary income that would of been “vacation money”.
Bingo! A lot of people go to LV don’t even gamble but like the atmosphere, shows, partying and food. The only reason a person would goes to AC is for gambling. There are much nicer beach cities on the Jersey Shore.
Vegas Mafioso are better than AC Mafioso.
Also, Vegas' climate is much more suitable than Atlantic City's, especially during the winter.
I think AC is really an anachronism.
I am not sure if you ever been to AC but if you go off the Broadwalk you are risking your life.
Now apply that rule to getting to Vegas vs. getting to Atlantic City.
some of the Indian Casinos here in New Mexico are very nice, with loads of concerts and shows. And the last time I went, Vegas was no bargain.
Here's Sandia Casino, about 20 minutes from downtown Albuquerque. They have a great outdoor concert venue.
City of AC: 45% African American
City of LV: 11.1% African American
Anyone who has ever been there knows: everything in Atlantic City is "even worse than expected."
FR: Never Accept the Premise of Your Opponents Argument
While I agree with giving employees such a notice in principle, please bear in mind that the states have never delegated to the feds, expressly via the Constitution, the specific power to regulate intrastate labor issues of any kind. Such constitutionally indefensible federal laws are likely intended to help win votes from low-information voters, voters who have never been taught about the federal government's constitutionally limited powers.
Patriots need to keep in mind that just about the only federal government service that the states delegated to the feds, expressly via the Constitution, the specific power to do, a service that citizens might deal with on an almost daily business, is the US Mail Service as evidenced by the Constitution's Clause 7 of Section 8 of Article I. Otherwise the feds have no constitutional authority to regulate, tax and spend for most other services that citizens now depend on the feds for. (What a mess!)
As a side note concerning the federal government's constitutionally limited powers, please consider the following. The states would sure be a dull, boring place to grow up and live in if parents were to make sure that their children were taught about the federal government's constitutionally limited powers as the Founding States had intended for those powers to be understood. /sarc
Thomas Jefferson had put it this way:
Cherish, therefore, the spirit of our people, and keep alive their attention. If once they become inattentive to the public affairs, you and I, and Congress and Assemblies, judges and governors, shall all become wolves. It seems to be the law of our general nature. - Thomas Jefferson (Letter to Edward Carrington January 16, 1787)
Crime, corruption, a horrible economy (oopsy! is that racist to say now?), a shortened summer season due to the lack of global warming in the last decade, and 22 new casinos within a 5-hr drive.
Did I cover them all?
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