Casinos Boom on Coast & Fail in Atlantic City

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Updated: 7/15/2014 7:25 pm
Over saturation is a hot topic in the casino world this year as Atlantic City is closing down four of its 12 casinos due to the high amount of competition in neighboring states.

C.E.O. of D'Iberville's Scarlet Pearl, George Toth, is from Atlantic City and was the C.E.O. of one of the first casinos to close its doors, The Sands. When News 25 asked if he is worried about oversaturation or concerned about adding another casino to the Biloxi market, he said he has nothing but high expectations.

Toth says, "It’s a very difficult time for them, but it’s really difficult for the people who work there, long time employees 20 to 25 years employees and what’s gonna’ happen, but I think we have an exciting future here. We're not as closed in as Atlantic City is, we have a larger base to draw from, and I think it’s gonna’ be a good ride."

According to union leaders, more than 8,000 jobs could be lost in Atlantic City by the end of this year.

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