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Land-BasedIndustry

Terry Glebocki resigns as CEO of Ocean Casino Resort

Ocean Casino Resort CEO Terry Glebocki has resigned from her position after her two-year tenure at the Atlantic City resort.

TerryGlebocki

Over a year ago, four out of nine Atlantic City casinos were led by women, with Glebocki’s departure decreasing the number of female casino bosses.

With three decades of financial management experience, Glebocki navigated Ocean’s course to financial stability; aiding in the casino's return to profitability, Glebocki turned the finances of the casino around.

For the first six months of this year, Ocean posted a gross operating profit of nearly $25m, compared to an operating loss of $12.4m in the same period in 2020.

The casino said: “Terry joined Ocean on the brink of bankruptcy, and is leaving the property as a leading casino resort in Atlantic City.”

In an interview with Gaming America at the start of the fiscal year, Glebocki explained her aim to revamp the casino, which started life out as Revel.

She said: “I had an opportunity to work for a company no one had ever heard of. They were going to build it from the ground up and I thought this is my chance to make my mark.

“It was a scary decision because they didn’t own anything except a giant piece of sand on the Boardwalk. They didn’t have funding and everything was so uncertain. It wound up being quite a ride.”

The casino did not give a reason for Glebocki’s departure, which was announced to staff on Monday morning, and declined further comment.

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