Terry Glebocki has been appointed permanent CEO of Atlantic City's Ocean Casino Resort. The company announced the appointment of its new CEO after New York hedge fund Luxor Capital acquired the fiscally troubles casino from its developer.
In the further remuneration, Eric Matejevic took over as interim CEO while Glebocki was appointed as the casino’s new chief financial officer. And 10 months later, she’s being promoted as chief executive of the company.
In an interview, Glebocki said, “It’s a very exciting time to be at the helm of the property. 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.”
Glebocki was part of the management team when the $2.4 billion property opened as Revel in April 2012 and was closed just two years later. Therefore, she knows that resurrecting the casino resort and turning it into a profitable entity is not going to be easy. But she is determined to set it back in its excellent form.
Now it should be taken into note that Glebocki’s appointment as CEO is a rarity in the gaming industry. And that it is still primarily dominated by males. According to Fortune, just 33 women are CEOs of the Fortune 500 companies. And this is the highest number of female in a prestigious position in the past 24 years.
Out of all 33 executive positions at MGM Resorts, Ceasars Entertainment, Las Vegas Sands, and Wynn Resorts, only seven seats are being held by women, i.e., 21.2 per cent.