Scott Kreeger, brought in to do the impossible job of turning around the struggling Revel casino hotel in Atlantic City, resigned recently. No announcement was made, but the departure was noted in filings with the bankruptcy court. GGB News confirmed that Kreeger has accepted a position with another ccompany.
Kreeger was brought in by the previous owners of Revel after the second CEO of the property, Jeff Hartmann, resigned in September 2013. Kreeger is a former Mirage and Station Casinos executive. With a strong marketing background, Kreeger had few dollars with which to market the property, but showed substantial improvement in month-over-month revenues until the final months of Revel’s life. Revel’s founder and first CEO Kevin DeSanctis resigned in April 2013.
The court documents noted that Kreeger was paid $1 million annually.
Revel was purchased at auction last month by Toronto-based Brookfield Holdings, which also owns the Hard Rock Hotel in Las Vegas and the Atlantis in the Bahamas.