When it operated as Revel from 2012 to 2014, the casino never came close to turning a profit, filed for bankruptcy twice and shut down after little more than a year and a half of operation.īut under Glebocki, the casino reduced expenses while carrying out renovations to the casino floor, and adding amenities for upscale gamblers, which helped grow its revenue from gambling and non-gambling sources. She was credited with turning around the casino’s finances. She previously served as the casino’s chief financial officer, and had more than 30 years of financial management experience when she assumed the top job at Ocean. Glebocki was hired as CEO in December 2019 after serving in the job in an interim capacity for three months. Ocean would only say that “we are working through this transition and will provide updates as they become available.”
Glebocki also resigned from her role as president of the Casino Association of New Jersey, the Atlantic City casinos’ trade association. It was not immediately clear who would lead the casino while a new CEO is sought. Orsted wants out of $300M forfeiture for scrapped New Jersey offshore wind farms
