The Borgata Hotel and Casino — Atlantic City’s most profitable gambling den — has confirmed that it will be laying off 400 employees. A company blowhard spokesman issued this poetic statement:

“There’s always the ebb and flow in employment that comes with the changing weather, but this was our first significant staff reduction. The one thing we believe about this current cycle is that no one anticipated its lasting this long.”

That’s right, buddy… NO ONE anticipated any kind of recession.

[Philly.com] Borgata Hotel Casino lays off 400