Atlantic City’s casino industry could lose more than one-third of its workforce and 44% of its revenue within a decade, according to a stark new report from the Atlantic County Economic Alliance.
The report projects New York casino expansion could eliminate roughly 5,100 local casino jobs and $815 million in annual revenue by 2035. If two additional North Jersey casinos are also approved, those losses would surge to more than 8,100 jobs and nearly $1.3 billion in revenue.
The Alliance identifies five converging threats: new New York City casinos, possible North Jersey casinos, growth of online gambling, persistent inflation, and a proposed Meadowlands convention center that could compete directly with Atlantic City’s meetings business.
The report warns the combined pressure could resemble the 2013–2016 crisis that shuttered 4 casinos.
The fallout would ripple across the South Jersey region.
The ACEA report points to convention and tourism growth as the best opportunity to absorb displaced workers, though cautions it would not replace every lost job.
Officials are urging state investment in the Atlantic City Convention Center rather than the proposed Meadowlands facility.
The Alliance is calling on the state to act now — expanding non-gambling tourism, continuing casino investment, and delaying new New Jersey casino approvals until worker protections are secured.
— Developing story
Threat 6 Marty, he could be the worst Mayor in history of AC.