ATLANTIC CITY – Revel Casino Hotel, labeled a “game changer” by New Jersey Gov. Chris Christie (R) when it opened in April 2012, closed early Tuesday morning as part of an economic implosion in this historic city’s gambling industry.
For Christie, however, Revel’s closure is a particular embarrassment. Two and a half years ago, the governor hailed the newest addition to the boardwalk as a “turning point” for the city. When initial investors bailed, his administration guaranteed $261 million in tax incentives. At its opening, Christie even made a plea for his state’s favorite son, Bruce Springsteen, to play a concert at Revel.
The man with the reverse Midas touch.