NJ Approves Jeffrey Hartmann as New Revel CEO
The former president of the Mohegan Sun casino resort has been approved to serve as the new CEO of Atlantic City's Revel casino.
The New Jersey Casino Control Commission on Tuesday gave approval to Jeffrey Hartmann to run the day-to-day affairs of Atlantic City's newest casino. Revel expects to file a Chapter 11 bankruptcy petition on Friday.
Hartmann replaces Kevin DeSanctis, who led Revel through its arduous development and tumultuous first year, in which the $2.4 billion resort never caught on the way many thought it would. Revel has been mired near the bottom of Atlantic City's 12 casinos in terms of the amount of money won from gamblers, though it says non-gambling revenues have been doing better.
Hartmann says he expects Revel to grow.
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