A.C. Coin and Slots, a cornerstone in the gaming industry, may not only be shutting its doors right here in South Jersey, but also throughout the country.
In addition to the closing of the West Decatur Avenue location established back in 1978, several sources confirmed that January 4th was the final day of work for employees at the company.
In a letter NBC40 obtained from a former A.C. Coin and Slots employee, Company Human Resources Director, David Whitman writes, "It is unfortunate that A.C. Coin and Slots finds itself in a position of not being able to pay its bills and is forced to reduce its workforce and cut staff immediately."
Although employees may have realized that the company was "not doing well", a former employee described the national shut down as an "entire shock."
According to numerous sources, the company has slowly been cutting the number of its employees in the last five years.
Pleasantville Mayor Jesse Tweedle says the company's management would not elaborate on any specifics at this time, but says he has been working with the company for several years, trying to provide them with tax relief to try and keep them in the city.
NBC 40 attempted to confirm what might have lead to the closure, but our calls to A.C. Coin and Slots were not returned.