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

MGM Resorts drops Entain takeover plans

MGM Resorts said it doesn't intend to put forward a revised offer for the U.K.'s Entain, which has rejected an $11 billion bid, but remains committed to pursuing a omni-channel gaming strategy.

MGM shareholder offers US$1 billion for success of Entain takeover bid

MGM Resorts International's biggest shareholder, Barry Diller's IAC/InterActiveCorp, has vowed to help the company in its takeover attempt of Entain, willing to kick in an additional US$1 billion to get the deal done.

MGM says remains committed to Macau

MGM Resorts said it remains committed to Macau and will continue to act in the best interests of its stakeholders and shareholders. The comment came after a letter from an investor urging it to sell a stake in MGM China.
MGM-Resorts

MGM online gaming moves could impact Osaka bid

As Japan sinks into a deeper crisis over the Covid-19 pandemic, it would be natural that it might be overlooked. Indeed, the sensitivity of Japanese policymakers to overseas developments is often tenuous at best. But for the future of Japanese IRs generally—and for Osaka most specifically—stakeholders should be quaking with alarm over the most recent headlines regarding MGM Resorts.

Jonathan Halkyard appointed CFO of MGM Resorts

MGM Resorts has announced that Jonathan Halkyard will become Chief Financial Officer for the global gaming, hospitality, and entertainment organization. Halkyard is a senior corporate executive who spent 13 years in leadership roles at Caesars Entertainment and was more recently the President and Chief Executive Officer of Extended Stay America, Inc. and ESH Hospitality.
ladbrokes

MGM’s Entain bid chance to reshape group focus

MGM Resorts has thrown its cards into the online gaming ring, with an attempt to buy U.K.-listed Entertain for GBP11.3 billion ($15.4 billion), which may reshape the group and reduce its focus on Asia in the longer term.

Osaka delays selection of IR consortium partner until autumn 2021

Osaka Governor Hirofumi Yoshimura has indicated that his government will not make a final decision on its operator consortium partner until autumn 2021. At present, only the MGM-Orix consortium is an accepted bidder.

MGM appoints Corey Sanders as COO

MGM Resorts is shaking up its management team, appointing chief financial officer Corey Sanders as chief operating officer. 

MGM launches online gambling in Pennsylvania

MGM Resorts said it has launched online gambling in Pennsylvania through its BetMGM unit. The unit was recently named as the first Gaming Partner of the Pittsburgh Steelers.
Yumeshima

Delays and doubts over Yumeshima transport infrastructure

If the IR policy delays have created a threat to Yokohama’s plans that are primarily political, the deepest concerns for Osaka arguably relate to its effect on transportation infrastructure to the man-made island of Yumeshima.