New Jersey Gov. Chris Christie has conditionally vetoed the state legislature’s fiscal rescue plan for beleaguered casino hub Atlantic City.

Christie waited until the last minute of his 1pm deadline on Monday to render his veto, while issuing a statement saying the bills required adjustments in order to “set a course for renewed long-term prosperity, economic growth, and expansion in the region’s tourism, entertainment and gaming industries.”

The five-bill package that Christie kiboshed included a plan to allow Atlantic City’s casino operators to collectively make fixed annual payments rather than variable tax payments based on real estate values. The 15-year plan called for the city’s eight remaining casino operators to make annual payments of $150m in each of the first two years following the bill’s passage, falling to $120m in subsequent years.

Christie also vetoed plans that would have ensured health and pension benefits for unionized full-time casino employees as well as a plan to abolish the Atlantic City Alliance marketing agency.