Long-time financial executive Terry Glebocki has been appointed as CEO of Atlantic City’s Ocean Casino Resort after serving in the role in an interim capacity since August.
Ms. Glebocki has thus become the sole female casino boss in Atlantic City and has joined a handful of female casino CEOs around the nation.
The new Ocean chief boasts more then three decades of financial management experience. Prior to being named interim CEO of the Boardwalk hotel and casino resort, Ms. Glebocki served as its Chief Financial Officer.
She had also previously worked at Tropicana Entertainment and Trump Entertainment Resorts and had been a Chief Financial Officer at Revel, known to be Ocean’s predecessor. Revel opened doors in 2012 to big fanfare. Despite its management team’s efforts, the property never turned a profit and was forced to close only two years after its launch.
Of being the only female casino boss in Atlantic City, Ms. Glebocki said that she likes to think that she is qualified to take the reins of Ocean, no matter whether she’s a man or a woman. Yet, she noted that she brings “a different perspective to things” and that she likes “when there’s diversity in the team.”
Ocean’s New CEO to Oversee Casino Floor Expansion
Some of the projects Ms. Glebocki will oversee in her capacity as CEO of Ocean will include expansion of the property’s casino floor. Planned upgrades at the gaming portion of the Boardwalk hotel and casino resort will include a new high-limit slots area and a high-end Asian games area.
New York hedge fund Luxor Capital Group purchased Ocean early this year from late businessman Bruce Deifik. The property opened doors in June 2018 but started bleeding money only a few months after its launch.
Its new owner promised this year to implement a series of changes in order to finally cancel Ocean’s bad karma that it seemed to have succeeded from its predecessor. One of the first changes instituted was the property’s rebrand from Ocean Resort Casino to Ocean Casino Resort to put greater focus on the gaming portion of its operations.
Luxor obtained interim authorization to run Ocean this past August. The hedge fund now awaits New Jersey gambling regulators’ decision on whether it is eligible to be granted a permanent license.
Ocean’s new CEO is currently the only female casino boss in Atlantic City, but there have been other women to have taken charge of gambling venues in the city before her. Following news of her appointment, Ms. Glebocki said that she is a hard-working and detail-oriented person who looks “just as closely at a $1,000 expenditure as I do at a $1 million expenditure.”
Ms. Glebocki added that patron feedback is really important to her and that she reads every social media post relating to Ocean she can find.
Source: Atlantic City’s Ocean Casino Resort names Glebocki as CEO, The Press of Atlantic City
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