New Jersey Governor Chris Christie has been challenged by casino employees over jobs, as three associated with city’s casinos face imminent closing. Christie, who was 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 correct the New Jersey economy, providing millions of bucks every year to bring more flights to the Atlantic City airport, promote more convention business and raise private investment in 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 since the downturn that is economic, and Revel Inc found itself in financial dire straits, especially when backers, Morgan Stanley, pulled out soon after.
The project that is entire been a complete tragedy, 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 having a $261 million buck bailout in taxation credits and new loan, hopeless to understand $2.4 billion project through to co Continue reading “Christie Guarantees Work For Casino Workers. Under fire, Governor Chris”