MGM Resorts acting boss awarded permanent role
MGM Resorts International has made acting chief executive officer and President William Hornbuckle its new permanent boss.
Hornbuckle replaced chairman and CEO Jim Mirren in March in an interim role.
Hornbuckle was also given a seat on the company’s board.
He was previously MGM’s chief marketing officer from 2009 until 2012.
"Bill is the best candidate to lead MGM Resorts through these immensely challenging times and into a more promising future," said Paul Salem, board chairman.
These challenging times were perfectly illustrated in its second-quarter financial results.
It posted a decline in net revenues of 91% compared to 2019.
However, it was bullish on the domestic market.
"During the second quarter, we began reopening our properties across the US. and have been heartened by the better than expected demand in the marketplace," Hornbuckle said.
"Our MGM 2020 plan and modifications to our operating model have directly contributed to our margin improvements during the period in which our properties were open."
by Ray Monntgomery, US editor
TravelMole Editorial Team
Editor for TravelMole North America and Asia pacific regions. Ray is a highly experienced (15+ years) skilled journalist and editor predominantly in travel, hospitality and lifestyle working with a huge number of major market-leading brands. He has also cover in-depth news, interviews and features in general business, finance, tech and geopolitical issues for a select few major news outlets and publishers.
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