Revel Ready to Open Its Doors in Atlantic City, Governor Christie Takes Tour
Governor Chris Christie today toured the now-completed $2.4 billion Revel Casino and Resort in Atlantic City.
The project has created 5,500 permanent jobs, part of over 10,000 temporary and permanent jobs associated with its construction and operation. Along with job creation associated with Revel, the new casino hotel will distribute more than $153 million in payroll annually and generate $155 million in state and local taxes each year.
“The completion of Revel and its opening is a turning point for Atlantic City and a clear sign that people once again have faith in the City’s ability to come back and be successful,” said Governor Christie. “Atlantic City is the engine of the local and regional economies and critical to the economic success of the state as a whole. Through job creation, increased tourism visits and development projects, our continuing efforts to revitalize the tourism and gaming economies in Atlantic City are getting positive results.”
In February 2011, Governor Christie announced the approval of $260 million in tax-increment financing by the New Jersey Economic Development Authority to support infrastructure improvements in the South Inlet neighborhood adjacent to the Revel development and move the $2.4 billion project forward. The agreement made the state an equity partner in Revel, while allowing the stalled project to move forward toward completion.
The newest casino and resort to join the Atlantic City skyline, Revel will have an eight-week preview opening beginning on April 2, ahead of its official May 25 premier kick-off.
“Bringing Revel online not only provides a world-class attraction for guests, it will spur additional capital investment by existing casinos, creating a better overall experience for visitors and a foundation for long-term and consistent economic growth,” said Governor Christie.