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With games of chance being the lifeblood of the casino business, economic stability has always had an acceptable amount of uncertainty. However, the motto of the gambling industry has always been that over time, the house always wins.
These days, the house’s worst nightmare is becoming a reality more and more often. The only way the casino loses is if no one is playing.
With three of the eleven Atlantic City casinos expected to be faced with the real possibility of closing their doors within the next few years, America’s Playground is clearly being hit hard by the nation’s economic slump.
There once was a time when casinos were thought to be recession proof, but with Trump International filing Chapter 11 on February 17th and the Tropicana Casino set to file for bankruptcy next month, nearly 3,000 casino jobs have already been lost over the past year. There seems to be no relief in sight.
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