After serving as the chief financial officer for Ocean Casino Resort, Terry Glebocki has been promoted as the CEO of the Atlantic City boardwalk property. Glebocki has secured a dominant position in an industry that is dominated by men. She is expected to make Ocean Casino more competitive against its Atlantic City neighbors in her new role.
Glebocki said that it was an inspiring moment to be at the helm of the property, and she looked forward to working with the management team and all the team members to continue to meet property goals. She added that they had many announcements planned for 2020.
Glebocki was part of the management team when the $2.4 billion property opened as Revel in April 2012, only to close a little more than two years later in September 2014. According to casino.org, resurrecting the casino resort and turning it profitable will not be an easy task; through three quarters in 2019, Ocean Casino has reported a gross operating loss of $2.5 million.
The Chief Executive roles remain overwhelmingly occupied by men. Fortune says just 33 women are CEOs of the Fortune 500 companies, up from 24 a year ago, and an all-time high. Of the collective 33 executive positions at MGM Resorts, Caesars Entertainment, Las Vegas Sands, and Wynn Resorts, only seven are held by females (21.2 percent).
Glebocki’s appointment to CEO has added to the number of women in the Gaming industry. The scarcity of females in the gaming industry begun to change slightly after the alleged sexual misconduct by Steve Wynn was exposed in January 2018.