Terry Glebocki resigns as CEO of Ocean Casino Resort
Ocean Casino Resort CEO Terry Glebocki has resigned from his post after his two-year tenure at the resort town of Atlantic City.
Over a year ago, four of Atlantic City’s nine casinos were run by women, with Glebocki’s departure reducing the number of female casino bosses.
With three decades of financial management experience, Glebocki has navigated Ocean’s path to financial stability; helping the casino return to profitability, Glebocki put the casino’s finances in order.
For the first six months of this year, Ocean posted gross operating profit of nearly $ 25 million, compared to an operating loss of $ 12.4 million for the same period in 2020.
The casino said: “Terry joined Ocean on the verge of bankruptcy and is leaving the property as a premier resort in Atlantic City.
In an interview with Game america at the start of the fiscal year, Glebocki explained his goal of reorganizing the casino, which began life as Revel.
She said: âI had the opportunity to work for a company that no one had ever heard of. They were going to build it from scratch and I thought this was my chance to make my mark.
âIt was a scary decision because they had nothing but a giant piece of sand on the boardwalk. They had no funding and everything was so uncertain. It ended up being quite a trick.
The casino did not give a reason for Glebocki’s departure, which was announced to staff on Monday morning, and declined to comment further.