November 26, 2020 Casino, Online, Land-Based

Atlantic City casino workers face double digit unemployment amid new restrictions

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Employment at Atlantic City casinos is down 17% in October from the year prior with more layoffs coming in the past weeks.

The East Coast gaming hub reported 22,220 jobs in October, down 4,670 jobs year-on-year. Full-time jobs fell 21% while part-time dropped 42%.

Atlantic County also had the highest unemployment percentage, 34%, in the second quarter of 2020, according to the U.S. Bureau of Labor Statistics.

Atlantic City casinos were closed from mid-March to early-July, when they reopened at 25% capacity.

The region’s most profitable casino, The Borgata, didn’t reopen until late July.

The Borgata recently laid off 79 workers and reduced the hours of 349 others after New Jersey Gov. Phil Murphy ordered an overnight indoor dining curfew for the state’s casinos in an effort to reduce Covid-19 cases.

Murphy’s order

Though New Jersey has reported record online gaming revenue this fall, casinos saw profits fall 37% for the third quarter.

Only one brick-and-mortar, Ocean Casino Resort, reported an increased profit, improving from $10m in 2019 to $24m this year.

Atlantic City casinos could be in for a rough rest of the year as temperatures cool and more Americans are encouraged to stay home to avoid catching the virus.

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