Published March 14. 2013 4:00AM
Jeffrey Hartmann, the Old Lyme resident who left Mohegan Sun last fall after 21 months as the casino's president and chief executive officer, has landed a new job.
Revel AC Inc. announced Wednesday that Hartmann will serve as interim CEO of Revel, the company's $2.4 billion resort casino in Atlantic City, N.J.
Revel is expected to declare bankruptcy next week.
Reached in Atlantic City, Hartmann said a new Revel AC board will ultimately determine whether his appointment becomes permanent. For now, he said, he's focused on seeing Revel through the bankruptcy process.
"There are great people here and the hotel property is phenomenal," Hartmann said. "That's why the opportunity is so exciting. This place has the attributes to succeed. Over the long term, I believe the business model will work."
Hartmann, who founded a consulting agency, The Hartmann Group, soon after his departure from Mohegan Sun, had been working with Revel AC on a consulting basis since the beginning of the year. At Revel, he will succeed Kevin DeSanctis, with whom he worked when DeSanctis was a member of Trading Cove Associates, which managed Mohegan Sun in its first years of operation.
Hartmann started with Mohegan Sun in 1996, serving as chief financial officer and then chief operating officer before taking over as CEO in January 2011. He also served as CFO of the Connecticut Sun, the casino-owned women's basketball team.
His departure from Mohegan Sun last September coincided with the casino's announcement that it was laying off more than 300 employees.
Hartmann was succeeded at Mohegan Sun by Bobby Soper, a member of the Mohegan Tribe, which owns the casino. Soper had been CEO of Mohegan Sun at Pocono Downs, the tribe's facility in Wilkes-Barre, Pa.
Upon regulatory approval of Hartmann's appointment, DeSanctis will resign as Revel's CEO, president and chairman of the company's board, Revel AC said. Michael Garrity will resign as Revel's chief investment officer, at which time Hartmann will assume control of the day-to-day operation of the casino.
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 about 30 to 60 days to complete. Revel anticipates emerging from bankruptcy by early summer.
Revel has struggled since its opening last April, generating less revenue than nearly all of Atlantic City's 11 other casinos.