The chief financial officer of Ocean Casino Resort in Atlantic City has become the next CEO of the property.
Terry Glebocki, who has three decades of financial experience, worked in management at Ocean’s predecessor, the $2 billion Revel casino, which opened in April 2012 and closed in September 2014.
Glebocki succeeds Eric Matejevich, who served as interim CEO for most of 2019. He in turn replaced Frank Leone, who was let go in February after Luxor Capital acquired the fiscally-troubled casino from developer Bruce Deifik. Deifik died in a car accident in April.
“It’s a very exciting time to be at the helm of the property,” Glebocki said in an announcement. “I look forward to working with the management team and all our team members to continue to meet property goals. We have many announcements planned for 2020.”
The latest data from the Division of Gaming Enforcement indicates that the third quarter of 2019 was Ocean’s strongest financial performance; the property reported $10.2 in gross operating profit and $79.9 million in net revenue.
“In the third quarter, the property set records for revenues, hotel occupancy and profits,” said a company press release. “October was Ocean’s fourth consecutive month of double-digit growth.”
Glebocki becomes the only female CEO in Atlantic City, although there are many women in Las Vegas and across the country who lead casino resorts.
