ATLANTIC CITY - Hopes of Revel turning things around for this struggling resort are fading with each passing month.
And Revel's disappointing casino revenue released on Friday - it generated $17.5 million in July - has made the threat of an early bankruptcy more imminent, according to industry observers and gaming analysts.
And of course he did.
Of its $2.4 billion price tag, Gov. Christie provided $261 million in state tax credits in 2011 toward its development, and designated Revel as "crucial for Atlantic City's future." He said Atlantic City has to become a true overnight destination resort and not just for gambling. The Republican governor is behind a five-year, state-run overhaul of Atlantic City where a new tourism district was created, and a half-decade long, $30 million-a-year marketing campaign to tout the resort's non-gambling offerings is under way.