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casino 888 loginAtlantic City casinos are laying off thousands of workers because of the state-mandated closure of their operations in response to the COVID-19 pandemic. Atlantic City casinos are laying off thousands of workers because of the state-mandated closure of their operations in response to the COVID-19 pandemic. But news of the stimulus package’s passage comes as several operators announced various cost-cutting initiatives.MGM Steady For NowEarlier Friday, MGM said it’s incurring “substantial operating losses in March,” adding that it has no visibility on when its gaming venues will reopen.“The Company believes its strong liquidity position, valuable unencumbered assets and aggressive cost reduction initiatives will enable it to fund its current obligations for the foreseeable future,” said the operator. free credit slot game 2021Atlantic City casinos are laying off thousands of workers because of the state-mandated closure of their operations in response to the COVID-19 pandemic. (D) confirmed last night that two city residents had tested positive for COVID-19. “As quick as I made the decision to keep it open, I will close it without hesitation,” Small declared.AC Rebound2019 was a critical year for Atlantic City. xpg live casino

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casino 1995 blackjack scene(D) confirmed last night that two city residents had tested positive for COVID-19. A week earlier, less than 9,500 Garden State residents filed.According to the New Jersey Division of Gaming Enforcement (DGE), the gaming industry in Atlantic City employed 26,450 workers as of March 1, the majority being full-time positions (19,652).Coronavirus Hits TownIn a three-state joint announcement with New York and Connecticut, New Jersey Gov. In Congress’ .2 trillion relief package, the federal government is adding 0 per week onto regular state jobless payments.“Team members furloughed and applying for unemployment will be able to take advantage of the new stimulus package until our property reopens,” Hard Rock Atlantic City President Joe Lupo told the Press of Atlantic City. Larger operators, such as MGM, can apply for bigger sums through a 4 billion package backed by the Treasury Department.As of Friday evening, it wasn’t clear which gaming companies would be participating in the 4 billion loan program. It was the first full year in which there were nine casinos in operation following the June 2018 openings of Hard Rock and Ocean Casino.The nine casinos won nearly .3 billion, with land-based gross gaming revenue (GGR) coming in at .68 billion – a seven percent premium on 2018. al cache to lobby on behalf of the industry, too. viejas casino today s promotion