Las Vegas Sun Newsgaming:
Bill Hornbuckle promoted to president of MGM Resorts
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4 December 2012
4:15 p.m.
MGM Resorts International of Las Vegas today announced the promotion of Bill Hornbuckle to the newly-created position of president and chief marketing officer. Reporting to CEO Jim Murren, Hornbuckle will have expanded responsibilities, including gaming development. He had been serving as chief marketing officer since 2010. Earlier, he was president and chief operating officer of Mandalay Bay beginning in April 2005; president and chief operating officer of MGM Mirage — Europe from July 2001 to April 2005; and president and chief operating officer of the MGM Grand from October 1998 to July 2001. “Bill Hornbuckle is widely regarded as one ...
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You've got too much debt Jim. Everything else is window dressing. Executive changes, expansion, Internet gaming, whatever...in the end you're shelling out a LOT more than you are taking in. Rearranging the deck chairs on a sinking ship does nothing. Cut the debt in half like Station did.
Even CEOs have to do more with less. Sounds like Murren isn't hiring anyone to fill that Aria position anytime soon. Tough times indeed over at MGM Resorts.
lord farquaad has come a long way....nevada gaming never should have let these corporations own more than a couple casinos---mgm, harrahs, and stations all poster children for dysfunctional corporations that fire everyone who doesn't bob their head yes---a company of yes men that bobbed their heads to the city center project and 8.5 billion price tag and then fired the guy who tried to say no. Should have been selling casinos when they were buying and building in the wrong market--now 14 billion in debt sinks all ships...they keep refi-ing and kicking the can down the road waiting for a recovery that is a decade or more off. Bankruptcy would take away all those big paychecks and bonuses so the obvious solution is out.