- The formal filing warns that 1729 workers may lose their employment by March 29.
- Michael Frawley, Atlantic Club’s chief operating officer, issued a statement assuring that this was a necessary procedural step required as part of the ownership change.
The Atlantic Club Casino Hotel has filed notice of mass layoffs at the casino, but called the move “simply a legal formality” in preparation for the impending sale to Rational Group. Significant job losses are not expected.
The formal filing warns that 1729 workers may lose their employment by March 29. However, according to Press of Atlantic City, Michael Frawley, Atlantic Club’s chief operating officer, issued a statement assuring that this was a necessary procedural step required as part of the ownership change.
It was first reported that Rational Group, parent company of PokerStars and Full Tilt Poker, was interested in purchasing the New Jersey casino in December, and the deal was confirmed earlier this month.
The deal is contingent upon the grant of an interim casino license from the Casino Control Commission.
