Revel casino’s bankruptcy threatens plans to make Atlantic City a gambling-plus destination

“It was to offer more than just gambling. It would provide a sumptuous, Las Vegas-style experience. And that was the game plan, supported exuberantly by Gov. Christie and strategized by marketers and tourism experts.  Now that major piece in the remodeling of Atlantic City is in doubt. Revel said Tuesday that it would seek Chapter 11 bankruptcy protection. If Revel tanks, so, too, might much of the vision of Atlantic City as a year-round resort.  The $2.4 billion casino – the most expensive ever built in New Jersey – received more than $300 million in state construction funding.”

http://www.philly.com/philly/news/homepage/20130221_Revel_casino_s_bankruptcy_threatens_plans_to_make_Atlantic_City_a_gambling-plus_destination.html

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