The situation 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'll 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 let you know what we’re unlikely to do. We’re not write a blank check to the government,” Christie said to a neighborhood radio host in an interview. Christie continued, “They will not play chicken with me or test me. I CANNOT change my view in this. The state isn't providing to any extent further money. It’s over. The bank card was split and canceled. They must be responsible.”

To many analysts Christie’s comments sound love it may have come right out of the mouth of his new friend Donald Trump who has stated again 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 the town in droves. Atlantic City has a deficit of over $120 million and that number is simply expected to grow. To boot town owes several casinos money for tax refunds and Borgata has gone to court to take a look at and force the 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'll force them into chapter 11. Four casinos have closed their doors within the last 4 years and in keeping with Moody’s as much as 5 others is generally forced to near within the near future in addition. And to most observers it seems that everything at the Boardwalk can be closed by 2020.

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