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Jeffrey Hartmann, of Old Lyme, former president and chief executive officer of Mohegan Sun, has been named interim CEO of Revel, the mammoth Atlantic City casino expected to file for bankruptcy protection this month.
Revel AC Inc. announced the appointment in a statement.
Hartmann is a more than 20-year veteran of the gaming, hospitality and leisure industries, and has a solid understanding of Revel's business, having worked with the company on a consultancy basis since the start of 2013, the company said.
Upon regulatory approval of Hartmann's appointment, Kevin DeSanctis will resign as Revel’s CEO, president and chairman of the board. Michael Garrity will resign as chief investment officer, at which time Hartmann will assume control of the day-to-day operations of the casino.
"Revel is truly a unique resort destination, and I am excited to join a team so focused on providing its guests with a signature experience," Hartmann, who left Mohegan Sun last September, said of his appointment. "As we undergo our financial restructuring, which is a transformative step for Revel, I am deeply committed to ensuring that we operate our business as usual and emerge from this process positioned for long-term success."
Revel AC plans to file a voluntary prepackaged Chapter 11 reorganization in New Jersey on or about March 22. The process is expected to take approximately 30-60 days and Revel anticipates emerging from bankruptcy by early summer.
Hartmann most recently served as president of The Hartmann Group, LLC, which offers specialized experience in the gaming, hospitality and leisure industries. He became CEO of Mohegan Sun in January 2011.