Mount Airys Casino, one of the most popular casinos in New Jersey, has been in operation since it opened in 2003.
It has been open for nearly 10 years, serving more than 100,000 people.
It was recently listed as one of The Top 50 Most Beautiful Venues in the United States.
But a report published on Tuesday by the New Jersey Division of Gaming Enforcement says that the casino is not on track to meet its financial projections, and could be forced to close in a matter of weeks.
The report states that in fiscal 2019, the casino will run at “a projected loss of $6 million,” according to The Associated Press.
That loss is expected to be around $20 million by 2020.
The Division of gaming enforcement’s report notes that Mount Airies casino has a “history of high losses and significant debt,” citing “increased operating expenses.”
The casino’s management has said that it will not be able to meet those projections, despite the casino being “in compliance with all federal and state laws, including the law on gambling,” the report stated.
It also said that the management plans to “continue to pursue other opportunities and pursue further financial planning” if the casino closes.
“The casino is facing serious financial challenges,” the Division of casino enforcement said in its report.
“The management has made several efforts to address these challenges.
But they have not been successful in achieving those goals.”
According to the report, the management’s plan to make it through the financial year 2019 “will depend on the financial health of the casino, its ability to maintain its operating performance, and its ability, as a result of its financial condition, to meet the expectations of its customers and the casino’s lenders.”
According the report:A number of other casinos have been forced to shutter due to high debt, including MGM Grand in Las Vegas, The Sands in Las Venezos, and the MGM Grand Garden Arena in Scottsdale, Ariz.
The casino owners in Mount Airyd said in a statement on Tuesday that they are “working to address the financial issues” that the report mentions.
However, we cannot continue to operate in a state of default without significant financial support from the federal and New Jersey governments.”