PLEASANTVILLE -- A one-time casino industry leader has closed its local office, according to an internal document released to employees and to the Current.
Officials of A.C. Coin and Slots, 201 W. Decatur Ave., terminated all of its remaining employees effective Friday, Jan. 4, according to a letter released by Dave Whitman, company human resources director.
“We are all terminated today,” the letter said. “Do not leave without your unemployment and term letter and give me some time to repair.”
Calls to Whitman were not returned to the Current on Friday afternoon.
The company had been experiencing several rounds of layoffs in recent months, according to employees.
Local officials have worked for the past three years to keep A.C. Coin and Slots and its jobs in Pleasantville. The company employed as many as 130 employees as of April 2010.
A.C. Coin and Slots was founded by Mac Seelig of Galloway Township in 1978, when the local casino industry was created in nearby Atlantic City.
As the casino industry grew, so did A.C. Coin and Slots. In 1983, the company became the exclusive distributor of International Gaming Technology slot machines.
The company’s fortunes continued to grow throughout the 80s, 90s and the turn of the century.
A.C. Coin and Slots was profitable enough to allow Seelig to partner with former NFL and CFL quarterback Joe Theismann to win four national and one world powerboat racing titles in a boat sponsored by Harrah’s Casino.
The company has sales offices in Reno, Las Vegas, Iowa, and Canada, according to its company website. The A.C. Coin and Slots sells nine types of slot machines.
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