The scenario in Atlantic City continues to get more tense. The city’s mayor Don Guardian has threatened to close down City Hall this Friday and said he's going to cease all non-essential government services unless he can get a bail out from the state. However, Governor Chris Christie is having no a part of the threats:

“I inform you what we’re not likely to do. We’re not write a blank check to the government,” Christie said to an area radio host in an interview. Christie continued, “They can not play chicken with me or test me. I CAN'T change my view in this. The state isn't providing to any extent further money. It’s over. The bank card was break up and canceled. They must be responsible.”

To many analysts Christie’s comments sound find it irresistible may have come right out of the mouth of his new friend Donald Trump who has stated time and again that he abhors bailouts (except when it’s his business which can be about to move under) however the truth is that Christie’s concerns are justified. Atlantic City was hemorrhaging money from state coffers for years as casino revenues continue to say no and residents continue to escape town in droves. Atlantic City has a deficit of over $120 million and that number is simply expected to grow. In addition the town owes several casinos money for tax refunds and Borgata has gone to court to check out and force town government to pay it half the $150 million it's owed. City officials argued that whether it is forced to pay this out all of sudden it's going to force them into chapter 11. Four casinos have closed their doors within the last 4 years and in step with Moody’s as much as 5 others is often forced to near within the near future besides. And to most observers it seems that everything at the Boardwalk may be closed by 2020.

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