Atlantic City cuts USD 40M from budget
The plan also outlines steep reductions to the municipal workforce and calls for permission from the state to divert pension payments to debt reduction, as part of an effort to generate around USD 20 million in state aid. The cost-saving initiative comes at an uncertain time for Atlantic City, which has seen its once-powerful gambling industry suffer in recent times due to the emergence of rival markets in nearby states.
Caesar Entertainment, which owns three casinos in Atlantic City, could also file for bankruptcy later this month. The new plan, which was formulated by Atlantic City Mayor Don Guardian, was first put forward in December in a move that dovetailed recommendations made by the advisory commission.
Despite the city having endorsed various budget cuts, it rejected calls for an emergency manager in favor of local control of the city’s budget and hiring decisions. Meanwhile, a proposal to cut police costs could hold off recommendations that Atlantic City’s police force is to be dissolved and turned into a regional department.
Wilton Rancheria breaks ground on Sky River hotel resort development
Putin approves creation of Russia's sixth gambling zone in the Altai region
Louisiana lawmakers move forward with illegal gambling penalties and sweepstakes restrictions
FanDuel CEO Amy Howe exits as Flutter faces industry shift and lowered forecast
PrizePicks expands motorsports presence through Arrow McLaren IndyCar agreement
Zitro Digital appoints Thiago Valadão as Commercial Director for Brazil
HIPTHER appoints Elena Stepanyatova to lead event content and production across conference portfolio
Sportsbook integration: Deploying betting widgets at scale
Riddec Games enters Nirmata Play distribution network through Stargate partnership
Flows secures Pennsylvania Gaming Control Board authorisation
IDX selected to power 250 gaming tables with X-Trend system at the Westside Resort
Wazdan shortlisted in five categories at SBC Awards Americas 2026
