Dealers In Atlantic City See Raises Despite Economy
Tuesday, August 24th, 2010For a few months now Atlantic City has been suffering financially. Since the recession many businesses have suffered and gambling is just another one. The biggest problem with gambling is that it is dependent on people’s discretionary funds. Since the recession, discretionary funds are what most people have not had. They are still trying to cover their everyday bills, and have little financial tolerance for hobbies. People quickly cut hobbies out of their everyday budgets and that included gambling. Atlantic City is a city that is reliant on people’s discretionary funds to make it financially and without patrons, it has had a difficult time reviving.
Interestingly enough, Atlantic City made a change in its casinos this past week. Dealers at the Tropicana Casino and Resort just were given raises as a move by its union. According to the union, they also negotiated the pay increase as part of a five-year long change in pay rates. Dealers in the area all joined forces to come up with better compensation packages. Most workers in the US are worried about the future of their employment due to the recession. Part of the agreement was to give dealers an 18% raise for the next five years. Part of the reason they were able to get the deal done was due to affiliation the organization had with the United Auto Workers who also worked out a similar deal in past years. The best news is that it is a positive move in the direction of signifying a redesign of the market. Though numbers are still down, part of the way to change the market is to start fueling money into integral parts of the community and that means employees. If gambling casinos can assure their workers are happy, then that is one aspect of the business model they won’t have to worry about in coming months. They also realize that gamers need to be kept happy and part of that is making sure that dealers, casino workers and casino floors are all premiere. Atlantic City operators know that they need to make things as good as they can be to continue bringing in workers and keep them happy with their pay structures.

