2024.07.17
harrah s cherokee casino dining(Image: LinkedIn/Casino.org)Ocean Casino unveiled the news to gaming media outlets with a brief statement.We wish to inform you that Terry Glebocki has resigned from her position from Ocean Casino Resort. ner for StarFor now, Blackstone’s possible involvement in a sale-leaseback for Star Sydney remains a point of speculation, not confirmation. (Image: LinkedIn/Casino.org)Ocean Casino unveiled the news to gaming media outlets with a brief statement.We wish to inform you that Terry Glebocki has resigned from her position from Ocean Casino Resort. viejas casino news todayThe latter was previously a suitor for rival Crown Resorts, which also landed in hot regulatory waters. Ocean Casino Resort CEO Terry Glebocki has left the boardwalk building. Ocean Casino Resort CEO Terry Glebocki has left the boardwalk building. casino etf four winds casino free spinsfree slot games to download and play offlineOcean reported an operating profit of nearly .9 million in 2020, besting the other eight casinos.In the first two quarters of 2021 — the most recently publishsycuan casino weathered quarterly report from the New Jersey Division of Gaming Enforcement — Ocean turned a profit just shy of million.AC Female Tidal Wave Glebocki’s arrival at Ocean as CEO helped usher in female leadership to Atlantic City’s casinos. In July, the private equity giant announced the purchase of Aria and Vdara on the Strip, and that those venues are being leased back to MGM.Even with the recently announced sale of the Cosmopolitan to MGM, Blackstone remains one of the largest landlords on the Strip.Another Reason Blackstone/Star Partnership Makes SenseThere’s another angle to a possible Blackstone/Star collaboration. And in September of 2020, Caesars Entertainment announseneca niagara casino valet parkingOcean reported an operating profit of nearly .9 million in 2020, besting the other eight casinos.In the first two quarters of 2021 — the most recently publishsycuan casino weathered quarterly report from the New Jersey Division of Gaming Enforcement — Ocean turned a profit just shy of million.AC Female Tidal Wave Glebocki’s arrival at Ocean as CEO helped usher in female leadership to Atlantic City’s casinos. The latter was previously a suitor for rival Crown Resorts, which also landed in hot regulatory waters. Under her leadership, the casino was able to turn financially sound. how to get lucky in roulette hard rock casino south lake tahoemgm casino new york cityPrior to her arrival, Ocean reported a gross operating loss of .5 million through the first three quarters of 2019.Luxor Capital, a New York-based hedge fund, acquired the struggling casino resort from developer Bruce Deifik in early 2019. One thing is for certain, Star’s new regulatory controversy notwithstanding, analysts like the idea of the company monetizing its Sydney integrated resort.“We estimate the sale and leaseback of the Sydney casino could generate .25 a share of incremental value, assuming a 5 per cent cap ratsycuan casino weathere, a premium to US REITs given the market position of Australian casinos,” according to a note from E&P Financial Group cited by The Australian.However, the private equity firm has an established track record of involvement in gaming SLBs.In 2019, Blackstone acquired the property assets of the Bellagio on the Las Vegas Strip and leased that venue back to MGM Resorts International. In July, the private equity giant announced the purchase of Aria and Vdara on the Strip, and that those venues are being leased back to MGM.Even with the recently announced sale of the Cosmopolitan to MGM, Blackstone remains one of the largest landlords on the Strip.Another Reason Blackstone/Star Partnership Makes SenseThere’s another angle to a possible Blackstone/Star collaboration. We thank Terry for her service as chief executive officer since 2019 and wish her well in her future endeavors,” the release stated.Glebocki took the Ocean Casino helms in December of 2019. Terry Glebocki is no longer the chief executive of Ocean Casino Resort in Atlantic City. mgm casino concerts poker hand wins |