Hornbuckle became CEO and President during the COVID-19 pandemic in 2020, succeeding Jim Murren. He has been at the company since 1998 when he was appointed executive vice president of operations at the MGM Grand Las Vegas.
MGM Resorts Bill Hornbuckle signs extension as company CEO MGM Resorts Bill Hornbuckle signs extension as company CEO MGM Resorts Bill Hornbuckle signs extension as company CEOExpanding into Asia
Hornbuckle has been leading the company’s expansion into Asia and also serves as co-chairman of the Board of Directors of MGM China Holdings to deal with its Macau properties. Upon completion of his contract in 2028, he will move to an advisor’s role on MGM’s resort project in Osaka, Japan.
The company chief will also be overseeing MGM Resorts’ bid for one of the three available downstate New York casino licenses. Plans for the site include a 5,000-seat entertainment venue and a state-of-the-art BetMGM sportsbook.
MGM Resorts Bill Hornbuckle signs extension as company CEOMGM Resorts Bill Hornbuckle signs extension as company CEO“I am honored to continue leading this company at an exciting time of both digital growth and resort expansion in places like New York, Japan, Brazil, and the Middle East. Our best days remain in front of us, and I’m thankful to our Board for their continued trust and support.”
BetMGM leading the company forward
BetMGM saw favorable results in Q1 with an overall revenue increase of 34% compared to the first quarter of 2024, and online sports betting revenue surged 68% to $194 million.
Overall revenue was slightly down year-on-year, however, at $4.28 billion, which marked a 2.4% decrease from last year. In the figures released last week, net income also fell, down from $217 million to $149 million.
As well as the investments in New York and Japan, the company initiated a new $2 billion share buyback, repurchasing nearly 15 million shares for $494 million.
Adam is an experienced writer with years of experience in the gambling industry. He has worked as a content writer and editor for five years on sites such as Oddschecker, CoinTelegraph and Gambling Industry News, bringing excellent knowledge of the world of sports betting and online gambling. Adam focuses on emerging stories in the ever changing landscape of betting in the US. Read the latest on prediction markets, changing legislation, and sweepstakes.
