Terry Glebocki, the CEO of Ocean Casino Resort, becomes the trade organization’s first female president, succeeding Steve Callender, who retired in March.
“I am privileged and honored to succeed Steve Callender as the next president of the Casino Association of New Jersey,” Glebocki said in a prepared statement. “Steve successfully led our organization during the COVID-19 pandemic, and we are grateful for the strength and leadership he has shown in these unprecedented times.
“I am thrilled to lead the CANJ forward as we work to help Atlantic City and the region recover from this devastating pandemic and continue the ongoing revitalization of this world-class destination resort.”
Ocean Casino Resort CEO tapped to head NJ casino trade group
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Ocean Boss Appointed as First Female President of NJ Casino Trade Body
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Casino Association of New Jersey Names Terry Glebocki President
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Ocean Casino Resort fared better than the eight other casinos in Atlantic City during the pandemic-stricken 2020 year.
Ocean Casino Resort is seen from the Atlantic City Boardwalk. The property led the way last year in terms of operating profits among the town’s nine casinos. (Image: Twitter)
Financial statistics released by the New Jersey Division of Gaming Enforcement (DGE) reveal that Ocean managed to turn in a nearly $21.9 million gross operating profit for 2020. That’s up $6.7 million on 2019 for the Boardwalk casino’s bottom line.
Gross operating profit reflects earnings before interest, taxes, depreciation, amortization, and other miscellaneous items on a casino’s income statement. It is a widely-accepted measure of profitability in the Atlantic City gaming industry.