The announcement comes four months after Hornbuckle took over as Acting President and CEO following the departure of Jim Murren.
“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,” said Paul Salem, Chairman of the Board of Directors. “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 currently serves as Executive Director and Board Chairman of MGM China Holdings.
He previously held the title of Chief Marketing Officer for MGM Resorts International from 2009 to 2012. Before that he was President and Chief Operating Officer of Mandalay Bay from 2005 to 2009.
“I am honored to lead this company as we look toward long-term recovery, future growth and opportunity,” said Hornbuckle. “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.”