Contact Us
Make My Homepage

A Struggling Revel Replaces CEO in Shakeup

Revel is replacing its chief executive officer as the struggling casino resort prepares for a Chapter 11 bankruptcy filing.

Atlantic City’s newest casino says CEO Kevin DeSanctis and chief investment officer Michael Garrity are resigning, but will retain positions with Revel Group, a holding company that developed the property. They plan to work on completing new amenity projects for the resort.

Taking over day-to-day operations of the $2.4 billion casino hotel is Jeffrey Hartmann, a 20-year veteran of the casino, hospitality and leisure industries.

Revel Group will no longer be associated with the company after the Chapter 11 filing, which is expected on March 22.

Revel opened last April, but has languished near the bottom of Atlantic City’s 12 casinos in terms of gambling revenue.

 

Copyright 2013 The Associated Press.

Best of NJ 101.5

Recommended For You

Around the Web

Leave a Comment

It appears that you already have an account created within our VIP network of sites on . To keep your personal information safe, we need to verify that it's really you. To activate your account, please confirm your password. When you have confirmed your password, you will be able to log in through Facebook on both sites.

Forgot your password?

*Please note that your prizes and activities will not be shared between programs within our VIP network.

It appears that you already have an account on this site associated with . To connect your existing account just click on the account activation button below. You will maintain your existing VIP profile. After you do this, you will be able to always log in to http://nj1015.com using your original account information.

*Please note that your prizes and activities will not be shared between programs within our VIP network.

Please fill out the information below to help us provide you a better experience.

(Forgot your password?)

Register on New Jersey 101.5 quickly by logging in with your Facebook account. It's just as secure, and no password to remember!

Not a member? Sign up here

Register on New Jersey 101.5 quickly by logging in with your Facebook account. It's just as secure, and no password to remember!

Sign up to have exclusive New Jersey Insiders contests, events, coupons, presales, and much more delivered to you for FREE.