New Jersey Governor Chris Christie was challenged by casino employees over jobs, as three of this city’s casinos face imminent closure. Christie, who was at Ocean City Town Hall to discuss retirement reforms, was greeted on his arrival by a group of workers from the threatened Revel, Showboat and Trump Plaza, chanting ‘Save our Jobs’ and ‘Five Year Promise.’
Each year to bring more flights to the Atlantic City airport, promote more convention business and raise private investment into the casino market in 2011 Christie issued a five-year plan that promised to fix the New Jersey economy, offering millions of dollars.
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 itself in financial serious straits, particularly when backers, Morgan Stanley, pulled out soon after.
The project that is entire been a complete disaster, consistently losing profits since it opened in 2012 and more recently hemorrhaging $2 million per week
Christie, for whom Revel represented the promise of a gleaming, revitalized Atlantic City, intervened having a $261 million buck bailout in taxation credits and new loan, hopeless to see the $2.4 billion project through to conclusion.