“MGM Resorts International Names William J. Hornbuckle Chief Executive Officer - PRNewswire” plus 1 more

“MGM Resorts International Names William J. Hornbuckle Chief Executive Officer - PRNewswire” plus 1 more


MGM Resorts International Names William J. Hornbuckle Chief Executive Officer - PRNewswire

Posted: 29 Jul 2020 03:15 PM PDT

"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. I am here today presented with this leadership role due to the tremendous accomplishments, passion and courage of our people," said Hornbuckle. "While we will continue to operate in this new normal for the near term, fundamentally I am incredibly optimistic about the future of our company and our industry.  We will remain focused on taking care of our guests and each other as we look toward our best days ahead."

Bill Hornbuckle Biography

A highly respected veteran of the gaming industry, Bill Hornbuckle served as Acting CEO, President and Chief Operating Officer of MGM Resorts International and is currently Executive Director and Board Chairman of MGM China Holdings with operations and resorts in Macau. In addition, he is the Chairman of the Board of Directors of the CityCenter JV Board of Directors (a joint venture with Dubai World) and is a member of the Las Vegas Stadium Authority Board of Directors.

He was previously Chief Marketing Officer of MGM Resorts International from 2009 until 2012. From 2005 until August 2009, Mr. Hornbuckle served as President and Chief Operating Officer of Mandalay Bay Resort & Casino. He previously had served as President and Chief Operating Officer of MGM Resorts International-Europe, where he worked on the development of the Company's gaming operations in the United Kingdom. He also served as President and Chief Operating Officer of MGM Grand Las Vegas from 1998 to 2001.

Prior to MGM Grand Las Vegas, Mr. Hornbuckle served as President and Chief Operating Officer for Caesars Palace, Las Vegas. He spent the majority of his career with Mirage Resorts in various senior management positions, including President and Chief Operating Officer of the Golden Nugget Laughlin, Executive Vice President and Chief Operating Officer of Treasure Island and Vice President of Hotel Operations for The Mirage, opening the hotel in 1989.

Mr. Hornbuckle is a graduate of the University of Nevada, Las Vegas and has a Bachelor of Science Degree in Hotel Administration. He serves on the Board of Trustees for Three Square Food Bank. He is also a Founder of the Bank of George, a local banking institution. Previously, Mr. Hornbuckle served on the boards for the University of Nevada, Las Vegas Foundation, and the Andre Agassi Foundation. From 1999 to 2003, he also served as a Board Member of the Las Vegas Convention and Visitors Authority. 

ABOUT MGM RESORTS INTERNATIONAL
MGM Resorts International (NYSE: MGM) is an S&P 500® global entertainment company with national and international locations featuring best-in-class hotels and casinos, state-of-the-art meetings and conference spaces, incredible live and theatrical entertainment experiences, and an extensive array of restaurant, nightlife and retail offerings. MGM Resorts creates immersive, iconic experiences through its suite of Las Vegas-inspired brands. The MGM Resorts portfolio encompasses 29 unique hotel and destination gaming offerings in the United States and Macau, including some of the most recognizable resort brands in the industry such as Bellagio, MGM Grand, ARIA and Park MGM. The Company's 50/50 venture, ROAR Digital LLC, offers U.S. sports betting and online gaming through market-leading brands, including BetMGM and partypoker. The Company is currently pursuing targeted expansion in Asia through the integrated resort opportunity in Japan. Through its "Focused on What Matters: Embracing Humanity and Protecting the Planet" initiative, MGM Resorts commits to creating a more sustainable future, while striving to make a bigger difference in the lives of its employees, guests, and in the communities where it operates. The global employees of MGM Resorts are proud of their company for being recognized as one of FORTUNE® Magazine's World's Most Admired Companies®. For more information, please visit us at www.mgmresorts.com. Please also connect with us @MGMResortsIntl on Twitter as well as Facebook and Instagram.

Statements in this release that are not historical facts are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The Company has based these statements on management's current expectations and assumptions and not on historical facts. Examples of these statements include, but are not limited to, the Company's expectations regarding the future of the Company and its industry. A number of important factors could cause actual results to differ materially from those indicated in such forward-looking statements, including the continued impact of the COVID-19 pandemic on the Company's business, effects of economic and market conditions in the markets in which the Company operates, competition with other destination travel locations throughout the United States and the world, the design, timing and costs of expansion projects, and risks relating to international operations, permits, licenses, financings, approvals and other contingencies in connection with growth in new or existing jurisdictions and additional risks and uncertainties described in the Company's Form 10-K, Form 10-Q and Form 8-K reports (including all amendments to those reports) filed with the Securities and Exchange Commission. In providing forward-looking statements, the Company is not undertaking any duty or obligation to update these statements publicly as a result of new information, future events or otherwise, except as required by law.

MGM RESORTS CONTACTS:




Media: 

Investment Community:                                                      

BRIAN AHERN

CATHERINE PARK                                                                   

Director, Media Relations 

Executive Director, Investor Relations                                   

[email protected]  

[email protected]

SOURCE MGM Resorts International

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What hoteliers can learn from the trends emerging in Las Vegas casinos - Boutique Hotelier

Posted: 28 Jul 2020 03:56 AM PDT

The Las Vegas love affair with gambling dates back to the late 19th century and early 20th century, in the days of the California gold rush. Explorers and seekers were trying to make their fortune and started gambling, but the authorities cracked down on it. Some players took their chances and played at underground casinos.

It wasn't until the 1930s and the construction of the Hoover Dam that gambling became legal again. Following the success of the first hotel casino, built by businessman Tommy Hull, many more hotel casinos started to spring up. Then in the 1970s, Las Vegas went one further and started transforming hotel casinos into resorts. The city was on its way to becoming the most glamorous in the world.

An international hit

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This glitzy city knows how to put on a show for its visitors. Some tourists will travel all the way to the gambling capital of the world purely to play at one of its casinos and tick the experience of their bucket list. The Las Vegas Convention and Visitors Authority reported this year that more than 42.5 million flocked to the city in 2019. Visitors certainly aren't short of somewhere to stay, whether they're in the city to gamble or attend a convention. The city offers some lavish casino hotels:

Caesars Palace

It wouldn't be Vegas without Caesars Palace. Visitors can lounge by the outdoor pool during the day and then head over to the casino at night for further leisure, relaxation and a touch of excitement, of course. While staying at the hotel, they can shop at The Forum, which is also known as the 'Shopping Wonder of the World' or see some of the world's finest musicians at The Colosseum.

The Venetian

You know a hotel is luxurious when you see it has its own gondola. The Venetian is another big name on the Las Vegas hotel and casino scene. This hotel and its sister hotel The Palazzo spoil its guests with glorious views of the Strip and, naturally, are just a few steps away from the casino. With King suites, Queen suites, an Executive suite, Presidential suite and Penthouse one, a comfortable stay is a certainty.

MGM Grand Hotel and Casino

Just like The Venetian and the Palazzo, the MGM Grand Hotel and Casino spoils guests with a view of the Strip in all its glory. One of the highlights of this hotel's accommodation offering is the Skyloft, which is right up at the top of the hotel and has won a AAA Five Diamond Award and a Forbes Five Star Award.

Popularity of online gambling

Of course, you don't always have to go to Vegas every time you want to experience the thrill of a casino, as amazing as the location is.

However, now casino games are more accessible than ever. The beauty of the internet is that you can gamble in the comfort of your own living room. You can place bets. You can play safely. You can try different games. You can practise and not spend a dime until you feel confident enough to start betting. Casino online games have gradually become popular, having drawn inspiration from land-based casinos and offered an alternative to playing in establishments, providing users the opportunity to play whenever and wherever.

Mobile gaming, particularly, has become more popular. One of the reasons for this surge in popularity has been a change in attitudes towards online gaming. Before, it was seen as a vice, whereas now people consider it more of a leisure activity.

The future of gambling in Vegas

Who knows what the future holds for gambling in Las Vegas?

It is known that thousands of people travel to Vegas every year to get a taste of the glamourous lifestyle and visit some of the world's famous hotel casinos. With a large array of casinos to choose from and a large number of tourists, it is expected that gambling will not be leaving the city anytime soon.

However, in spite of this appetite for gambling, some experts have predicted that Vegas will see more properties emerge in the region, but not necessarily casinos. This doesn't mean casinos have had their day. Not in the slightest. Instead, casinos may focus more on services such as catering or entertainment to draw in guests and get them spending. Right now, they're trying to tap into more of the impulsive choices that guests make while they're at the casino or hotel (or are in Vegas, in general).

Economists have noted that guests are willing to spend more on accommodation but a little less on gambling. The price of real estate is escalating, reaching figures not far off $50 million an acre, which means businesses must explore how they can make the most of real estate. As Vegas grows and expands with all the new businesses, it looks set to become more expensive and, by extension, more glamorous.

Sport is one area in the region that's growing. One reason is the move of the Oakland Raiders to their new stadium in Vegas. Fans of the team will take the chance to enjoy a mini holiday in the city while they follow their team.

*contributed post

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