New Jersey Governor Chris Christie happens to be challenged by casino workers over jobs, as three regarding the city’s casinos face imminent closure. Christie, who had been at Ocean City Town Hall to discuss pension reforms, was greeted on their arrival by a group of workers from the threatened Revel, Showboat and Trump Plaza, chanting ‘Save our Jobs’ and ‘Five Year Promise.’
Last year Christie issued a five-year plan that promised to correct the New Jersey economy, offering millions of bucks every year to bring more flights to the Atlantic City airport, promote more convention business and raise private investment to the casino market.
Revel had been a key ingredient to Christie’s designs for Atlantic City. Conceived before the recession, construction of the Revel project started in 2008, simply as the downturn that is economic, and Revel Inc found it self in financial serious straits, specially when backers, Morgan Stanley, pulled down soon after.
The project that is entire been a complete disaster, consistently losing profits since it opened in 2012 and much more recently hemorrhaging $2 million each week
Christie, for who Revel represented the promise of a gleaming, revitalized Atlantic City, intervened with a $261 million buck bailout in income tax credits and new loan, desperate to see the $2.4 billion project righ Continue reading Christie Guarantees Work For Casino Workers. Under fire, Governor Chris