Revel CEO resigns weeks before expected bankruptcy filing

ATLANTIC CITY — Kevin DeSanctis, the man who guided Atlantic City's Revel casino-hotel through its tortuous development, only to see it struggle amid the cutthroat East Coast gambling market, is stepping down as head of the $2.4 billion resort. The company announced Wednesday that DeSanctis and chief investment officer Michael Garrity will resign from their positions with Revel Atlantic City but retain their jobs with Revel Group, the holding company that developed the resort and holds its license. There, they will work on developing amenity projects for Revel. Taking over the resort's day-to-day operations is Jeffrey Hartmann, a 20-year veteran of the casino, hospitality and leisure industry. His duties will begin once he is approved by New Jersey casino regulators. Read the rest at http://www.nj.com/business/index.ssf/2013/03/revel_ceo_resigns_weeks_before.html