Atlantic City casino employees have also been swept by the array of pay cuts in the industry. This is enough proof and witness to state that pay cuts for the casino employees is prevalent even in the top most gambling sectors.

The beginning of the pay cut culture in the casino industry was initiated by the Trump Entertainment Inc and the rest of them took the clue and followed from there. It all started when the Trump cut down the pays for 22 of their workers who were of the highest paid cadre. However, that did not in anyway prevent the company from seeking bankruptcy revision and also its name was taken off from the NYSE list.

Several of the gambling houses later did lay off workers who used to be working for hourly pays. The cost cutting process did not stop there and it continued with the freezing up and cutting down of the existing salaries of several casino employees. The pay cut reflected in several levels inclusive of managers, dealers and everyone involved in the gambling company.

This was very obvious with Harrah's Entertainment Inc. They have reduced salaries for managers across 50 casinos run by them. This has saved the company nearly $90 million. The cost cutting involved providing players with compulsory day offs without pay!

Some of the casino executives are of opinion that cutting off a 5% or 10% from those getting 6 figure salaries is not really as painful as it would be when the same percentage was cut for the dealers.

"Everybody makes a little less money, but everybody keeps their jobs," remarked Wynn.

Pay cuts are tolerable to an extent, but the worse trends are the job cuts. Nearly 342 jobs have been dropped off at the 4 Atlantic City Casinos operated by the Harrah's. This is according to reports from the New Jersey Casino Control Commission.