Atlantic City losing 2 casinos, 5K jobs in 3 days

Trump Entertainment Resorts two casinos in Atlantic City, New Jersey -- Trump Plaza and Trump Taj Mahal -- have filed for bankruptcy protection. Donald Trump owns 10 percent in the firm but no longer controls it. (William Thomas Cain, Getty Images)
Trump Entertainment Resorts two casinos in Atlantic City, New Jersey -- Trump Plaza and Trump Taj Mahal -- have filed for bankruptcy protection. Donald Trump owns 10 percent in the firm but no longer controls it. (William Thomas Cain, Getty Images)
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Updated: 8/30 12:59 pm

ATLANTIC CITY, N.J. (AP) — A time few could imagine during the glory days of casino gambling has arrived in Atlantic City, where two casinos and more than 5,000 jobs will be lost this weekend.

The Showboat is closing Sunday, followed by Revel's two-day closure Monday and Tuesday.

Trump Plaza is next, closing Sept. 16. To the thousands of workers who will be left behind, it still seems unreal.

Showboat bartender Chris Ireland says casino workers never thought this could happen.

Atlantic City began the year with 12 casinos, but before summer's end, it will have eight.

The contraction is due to ever-increasing competition in neighboring states.

Many analysts and casino executives say Atlantic City will do better with fewer casinos. Some have already improved their financial position since the Atlantic Club closed in January.

 

©2014 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

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