The gambling officials of Atlantic City have been impatiently waiting for the beginning of 2015 in order to leave the unpleasant surprises and casino closures behind themselves.
There was something constantly going on in Atlantic City but unfortunately, the events were far from pleasant or profitable. As a result from the closure of four venues, a great number of New Jersey residents were laid off and left on the mercy of local authorities to make the ends meet.
Mere hours ago, the Senator of the United States Bob Menendez announced that the state of New Jersey is to receive more than $29 million financial aid in order to help all casino employees who lost their jobs due to the closure of the four casinos.
In a special statement, the Senator says that the funds will be transferred to the New Jersey Department of Labor and Workforce Development and its officials will be responsible for distributing the funds among the former casino workers and helping them take up a new job by providing them with the chance to attend various courses and get another qualification and certificate.
Back in December, a request to the Secretary of Labor was submitted so as the high unemployment rate to be reduced via finding a way to help all 6,500 laid off casino workers.
During the last quarter of 2014, a fifth casino narrowly escaped closure. If Taj Mahal had closed doors, the number of laid off workers would have exceeded 11,000.
In the above-mentioned statement Bob Menendez says that the government members have realized the necessity for taking actions towards revitalizing the economy of New Jersey by giving a chance to those who were left out of job.
It seems like authorities are committed to keep the economy of the Garden State relatively stable and the funds that are to be given for job placement and qualifications are not the first financial aid received by the state.
Four years ago, the pharmaceutical industry went through a serious crisis and all employees who were fired due to the crisis were compensated.
Apparently, the struggling casino sector in one of the main gambling destinations on the East Coast is to be further developed despite the issues from the last year.
Small boutique casinos are to be established and there is a possibility for the gambling market to go beyond Atlantic City. However, the residents will have the final say as they will most probably have to give their consent to the expansion.
