Atlantic City’s Ocean Casino Resort has promoted Callahan to interim CEO.
US.- Atlantic City’s Ocean Casino Resort has named Bill Callahan as its new interim CEO. The casino told The Associated Press that Bill Callahan was approved Tuesday by the state Division of Gaming Enforcement. He previously served as executive vice president and senior vice president.
Callahan has 25 years experience in the casino industry. Before joining the Ocean Casino Resort, Callahan worked at the Borgata casino, where he was vice president of relationship marketing at for 17 years. In that job, he was responsible for a team of executives that directed table games, slots, and Asian games marketing.
His appointment as interim CEO comes after Terry Glebocki resigned from her CEO position last month after two years. The casino did not give a reason for Glebocki’s departure.
Glebocki helped Ocean, formerly known as Revel, return to profitability after losing money for years. She became CEO in December 2019 after previously serving as the casino’s chief financial officer. She has more than 30 years of financial management experience.
Meanwhile, the New Jersey Casino Control Commission has approved the sale of half of Atlantic City’s Ocean Casino Resort to the Ilitch group for $175m. The group will share equally in major decisions concerning the resort’s operation with the current owners, Luxor Capital Group, a New York hedge fund.
From the total investment, $70m will be used to complete 464 hotel rooms that have remained unfinished since the resort opened in 2012. The sale is expected to close within 30 days. Ilitch owns professional sports teams, a nationwide pizza chain and a casino in Detroit.