Governor Chris Christie isn’t giving up on reviving New Jersey’s Atlantic City even though its newest casino plans to seek bankruptcy protection and another is ready to sell itself for less than its 1984 construction cost.
Christie, a first-term Republican seeking re-election in November, has said the city’s gambling venues are key to the state’s economic recovery. He gave Revel AC Inc. $261 million of tax breaks, saying the hotel and casino would lead the seaside resort city’s transition from day-trip to luxury destination.
