Hornbuckle confirmed as MGM International president and CEO

MGM International has announced that William Hornbuckle has become the firm’s new president and CEO, effective immediately.

He had previously been holding these offices in an acting capacity since March.

Hornbuckle succeeds Jim Murren, who first indicated his intention to step down before the expiry of his contract in February.

Chairman Paul Salem, who also assumed his current post succeeding Murren in March, explained, “After a thorough national search, the board unanimously concluded that Bill is the best candidate to lead MGM Resorts through these immensely challenging times and into a more promising future. There are few tests of leadership greater than what Bill has faced. His seasoned global experience, depth of knowledge and steady hand have provided reassurance and confidence to our employees, partners, guests and shareholders during one of the most difficult periods in the history of our company. He has fully earned the opportunity before him.”

Hornbuckle stated, “I am honored to lead this company as we look toward long-term recovery, future growth and opportunity. In doing so, I am especially mindful of the thousands of MGM Resorts employees who have been profoundly impacted by the current circumstances. Their dedication to the company’s mission and safety allows guests from around the world to experience moments of happiness and hospitality amid uncertain times.”

Related Articles

Yumeshima site

Osaka frets over loss of leverage and scaled-back IR ambitions

The authorities in Osaka are concerned that they have lost leverage in negotiations with the MGM-Orix IR consortium, and that poor business conditions will force a significant scaling back of ambitions, according to the reporting of the Nihon Keizai Shinbun.

BetMGM sees U.S/Canada sports betting market at $32b

BetMGM, the online joint venture between MGM Resorts and the U.K.'s Entain, said it sees the long-term sports betting market in the U.S. and Canada as being worth $32 billion and expects its share in the U.S. to be between 20 and 25 percent.

MGM Japan promotes hospitality program with Kansai Gaidai University

MGM Japan, hoping to build a major IR at Osaka’s Yumeshima island, is drawing attention to its recently concluded hospitality education program that it supported in partnership with Kansai Gaidai University.

MGM Resorts appoints Jeff Mochal to lead corporate communications

MGM Resorts International announced that Jeff Mochal has joined the company as Senior Vice President of Corporate Communications. Mochal will oversee the company's corporate communications and strategic positioning, leading issues management strategy and proactive media relations, internal communications and social impact and sustainability messaging strategies for issues affecting MGM Resorts on a global scale.
Japan’s IR process lurches forward with Nagasaki selections, Osaka invite

Japan’s IR process lurches forward with Nagasaki selections, Osaka invite

Japan’s IR process appears to move forward in fits and starts, but there were two noteworthy events to emerge at the end of the week that advance the slow process towards the country's first casinos.

Osaka seeks more bidders, gives April 6th deadline

The Osaka Prefecture, which currently has MGM Resorts as a sole bidder for a license, has said it will consider further proposals, with documents to be submitted by April 6th.

MGM Resorts reduces its stake in real estate arm

MGM Resorts International has announced the completion of the redemption of approximately 37.1 million of its operating partnership units of MGM Growth Properties Operating Partnership LP for aggregate cash proceeds of approximately US$1.2 billion. Following the redemption, MGM Resorts' ownership in the Operating Partnership was reduced from 53.0 percent to 42.1 percent.

MGM Resorts, BetMGM make commitment to responsible gambling

MGM Resorts International and BetMGM have made a unified commitment to responsible gaming and to providing the tools needed to help players make responsible, informed decisions while playing.

Pansy Ho sells off a further US$56.7 million in MGM

MGM China Co-chair Pansy Ho has sold more of her shares in parent company MGM Resorts, this time offloading about $56.7 million. The move has reduced her position from 1.66 percent to 1.36 percent.

Pansy Ho sells off part of her stock in MGM Resorts

Pansy Ho, co-chair and executive director of MGM China, has sold one million shares, or more than 10 percent, of her stock in MGM Resorts International.