{"id":31668,"date":"2022-07-12T05:29:34","date_gmt":"2022-07-12T08:29:34","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=31668"},"modified":"2026-04-23T06:56:55","modified_gmt":"2026-04-23T09:56:55","slug":"mgm-ceo-says-macau-will-forever-be-worlds-largest-gaming-market","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/mgm-ceo-says-macau-will-forever-be-worlds-largest-gaming-market","title":{"rendered":"MGM CEO says Macau will “forever” be world’s largest gaming market"},"content":{"rendered":"\n

Bill Hornbuckle is confident that Macau will continue to be the largest single-jurisdiction casino gaming market in the world.<\/p>\n\n\n\n\n\n\n\n

Macau.- During a round-table discussion with business news television channel CNBC,\u00a0MGM\u00a0president and CEO Bill Hornbuckle<\/strong> said he is confident that Macau will continue to be the largest single-jurisdiction casino gaming market in the world.<\/p>\n\n\n\n

Hornbuckle said that before the Covid-19 pandemic, Macau was \u201cseven, eight times Las Vegas in scale,\u201d and added that if it \u201ccomes back half to begin with, and then some\u2026 it\u2019s the largest gaming market in the world, bar none; and it will forever be.”<\/p>\n\n\n\n

In 2019, Macau’s gross gaming revenue was close to MOP292.46bn (US$36.17bn). That same year, casinos on the Las Vegas Strip in Las Vegas, Nevada, had a GGR of nearly US$6.59bn, according to the University of Nevada, Las Vegas.<\/p>\n\n\n\n

Also on the CNBC panel was\u00a0Robert Goldstein<\/strong>, chairman and CEO of Las Vegas Sands Corp. He admitted that it was a difficult moment. He said: “It\u2019s a tough time. You\u2019ve got to basically hunker down, and wait for it to turn.”<\/p>\n\n\n\n

The third participant was\u00a0Craig Billings<\/strong>, CEO of Wynn Resorts. He said: “The only thing that keeps me awake at night about Macau is the condition of my team.”<\/p>\n\n\n\n

The government of Macau has decided to\u00a0temporarily shut casino venues<\/a> until July 18. Until now, casinos had remained open, although with limited staffing and close to zero business. Macau casino stock prices declined after the government announced the measure. <\/p>\n","protected":false},"excerpt":{"rendered":"

Bill Hornbuckle is confident that Macau will continue to be the largest single-jurisdiction casino gaming market in the world.<\/p>\n","protected":false},"author":176,"featured_media":17390,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"MGM CEO Bill Hornbuckle expresses strong confidence in Macau's enduring position as the world's largest single-jurisdiction casino gaming market, despite current operational challenges and a temporary government-mandated casino shutdown until July 18. This perspective is shared amidst declining stock prices and a comparison of Macau's pre-pandemic GGR dominance over the Las Vegas Strip.","focusai_entities":"MGM, Bill Hornbuckle, CNBC, Las Vegas Sands Corp., Robert Goldstein, Wynn Resorts, Craig Billings, University of Nevada, Las Vegas","focusai_location":"Macau, Las Vegas, Nevada","focusai_target_profile":"ceo_executive (0.9), regulator (0.7), operator_casino (1.0), investor_analyst (1.0), supplier_vendor (0.8), journalist_researcher (0.9)","focusai_suggestions":[{"label":"Macau GGR Outlook?","query":"What are the revised GGR projections for Macau from major operators like MGM, Las Vegas Sands, and Wynn Resorts, factoring in the recent temporary shutdown and anticipated recovery pace?"},{"label":"Operational Resilience Strategies?","query":"How are integrated resort operators in Macau adapting their operational resilience strategies and cost structures to mitigate the impact of intermittent shutdowns and reduced visitation?"}],"footnotes":""},"categories":[157,16338],"tags":[1618,16615],"class_list":["post-31668","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business-news","category-east-asia-news","tag-mgm-china","tag-mgm-resorts"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/31668","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/users\/176"}],"replies":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/comments?post=31668"}],"version-history":[{"count":3,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/31668\/revisions"}],"predecessor-version":[{"id":31690,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/31668\/revisions\/31690"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/17390"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=31668"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=31668"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=31668"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}