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.
Paul Salem, chairman of the MGM Resorts Board of Directors, wrote in a statement,
“Bill is an exceptional, visionary leader who successfully guided the company through the COVID-19 pandemic while also positioning the business for long-term growth through new digital ventures, strategic M&A opportunities, and expansion into new international markets,”
He went on to add, “Bill has earned the trust, respect and admiration of his employees, peers, shareholders and this Board. We’re thrilled that he has agreed to remain in his role for the foreseeable future.”
Expanding 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.
On extending his contract, Hornbuckle commented,
MGM 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
MGM Resorts Bill Hornbuckle signs extension as company CEO revenue surged 68% to $194 million. MGM Resorts Bill Hornbuckle signs extension as company CEO, 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.
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