Three Atlantic City Casinos Are Closing Their Doors
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iStock/Thinkstock(ATLANTIC CITY, N.J.) — In the past few years, the dozen gambling venues in Atlantic City have been rolling the dice to try to turn a profit, but too many casinos and too few tourists are leading to dramatic changes.
The Showboat Casino-Hotel is closing its doors this weekend for good and will soon be joined by two others, the Revel and the Trump Plaza.
More than 6,000 people, or about 25% of the Atlantic City work force, will be jobless.
Now, Atlantic City’s mayor Don Guardian is saying New Jersey may try to help with possible mortgage payment extensions, and the remaining casinos are also pledging to hire some of those laid-off workers.
“The governor is bringing down a program to the state of New Jersey that has forgiveness for mortgages,” Guardian said. “It’s really a holiday. So you add up to 12 months of non payment to the end of your mortgage. So you get the credit now, you don’t pay the mortgage until you get some time.”
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