Atlantic City casino revenues continue to shrink, but Governor Christie remains committed to a plan to help AC reinvent itself.

Governor Chris Christie and VIPs cut the ribbon for the Grand Opening of Margaritaville Atlantic City

"Atlantic City had been neglected for decades both by the casino operators and by the government," says the Governor. "When Atlantic City was a monopoly, we drained the money out of there and spent it all over the state, didn't reinvest it back in Atlantic City, and now Atlantic City has the problems that it does in part, because we haven't invested in it."

Christie says that situation is changing, because the Casino Reinvestment Development Authority is reinvesting money that's being made by the casinos in Atlantic City.

"It's an ongoing effort in Atlantic City," says the Governor. "That's why I said two years ago that we had a five-year plan to work in Atlantic City.

"If we want Atlantic City to get back to being a thriving entertainment and gambling center, then we need to invest the money to make people feel comfortable and attracted to coming there."

He adds efforts to help AC will continue.

"I think we can still turn it into the type of destination resort it needs to be turned into, given that we now have the gambling competition that we have all around us."