New Jersey Governor Chris Christie has been challenged by casino workers over jobs, as three regarding the city’s casinos face imminent closure. Christie, who was simply at Ocean City Town Hall to discuss pension reforms, was greeted on their arrival by a small grouping of workers from the threatened Revel, Showboat and Trump Plaza, chanting ‘Save our Jobs’ and ‘Five Year Promise.’
In 2011 Christie issued a five-year plan that promised to fix the New Jersey economy, offering an incredible number of bucks every year to bring more routes to the Atlantic City airport, promote more convention business and raise private investment to the casino market.
Revel had been a ingredient that is key Christie’s designs for Atlantic City. Conceived before the recession, construction of the Revel project started in 2008, simply once the downturn that is economic, and Revel Inc discovered it self in financial serious straits, especially when backers, Morgan Stanley, pulled away soon after.
The project that is entire been a complete catastrophe, consistently losing profits since it opened in 2012 and much more recently hemorrhaging $2 million each week
Christie, for whom Revel represented the promise of a gleaming, revitalized Atlantic City, intervened with a $261 million dollar bailout in income tax credits and new loan, desperate to under