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AT L A N T IC
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THURSDAY 11.13.14
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USA TODAY
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C H R IS C H
T O T H E R R IS T IE
ESCUE
JOANNE CO
UGHLIN W
ALSH
/GANNET
T ILLUSTR
ATION
Gov. Chris Christie declared Wednesday that its time to stop the bleeding at the seaside resort city.
The city had a record $5.2 billion in gaming revenue eight years ago,
but betting has dropped by about half since then as gambling has prolifer-
ated at sites outside New Jersey. Nearly 8,000 casino workers have lost
their jobs this year and another 3,100 positions are on the line if Taj Mahal
shuts down before the end of the year, as expected, which would leave the
city with seven casinos.
Christie said after a summit for elected officials and gaming industry leaders
that potential solutions include establishing a public-private partnership to
lead redevelopment, following a model
that exists in New Brunswick, and putting in place an emergency manager to
oversee the municipal government.
Christie didnt give other details but
warned the city and the gaming industry
wont be able to gamble its way out of a
dire financial hole, and he criticized un-
named former policy makers for getting weak-kneed for failing to reverse
an over-reliance on casino revenue.
There has been a history of weakkneed decision-making that led to this
point, said Christie, who added that the
goal should be to make Atlantic City a
great place to be that just happens to also
have casino gaming available.
In a related development, Caesars EnSee CASINOS, Page A8
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