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Atlantic City losing 2 casinos, 5K jobs in 3 days

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Photo - This July 11, 2014 aerial photo shows Trump Plaza, left, and Caesars Atlantic City, right, on the Atantic City N.J. Boardwalk. A report issued Aug. 29, 2014 by Wall Street firm Fitch Ratings predicts much of the gambling revenue from Trump Plaza and two other casinos closing down soon, Revel and the Showboat, will remain in Atlantic City after they are gone. (AP Photo/Wayne Parry)
This July 11, 2014 aerial photo shows Trump Plaza, left, and Caesars Atlantic City, right, on the Atantic City N.J. Boardwalk. A report issued Aug. 29, 2014 by Wall Street firm Fitch Ratings predicts much of the gambling revenue from Trump Plaza and two other casinos closing down soon, Revel and the Showboat, will remain in Atlantic City after they are gone. (AP Photo/Wayne Parry)
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ATLANTIC CITY, N.J. (AP) — A time few could imagine during the glory days of casino gambling has arrived in Atlantic City, where two casinos and more than 5,000 jobs will be lost this weekend.

The Showboat is closing Sunday, followed by Revel's two-day closure Monday and Tuesday.

Trump Plaza is next, closing Sept. 16. To the thousands of workers who will be left behind, it still seems unreal.

Showboat bartender Chris Ireland says casino workers never thought this could happen.

Atlantic City began the year with 12 casinos, but before summer's end, it will have eight.

The contraction is due to ever-increasing competition in neighboring states.

Many analysts and casino executives say Atlantic City will do better with fewer casinos. Some have already improved their financial position since the Atlantic Club closed in January.

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