{"id":777007590,"date":"2023-07-25T07:24:59","date_gmt":"2023-07-25T10:24:59","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=777007590"},"modified":"2026-04-22T19:43:25","modified_gmt":"2026-04-22T22:43:25","slug":"mgm-resorts-ceo-bill-hornbuckle-highlights-rise-in-market-share","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/mgm-resorts-ceo-bill-hornbuckle-highlights-rise-in-market-share","title":{"rendered":"MGM Resorts CEO Bill Hornbuckle highlights rise in market share"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">MGM Resorts CEO Bill Hornbuckle was interviewed by the Las Vegas Review-Journal.<\/p>\n\n\n\n<!--more-->\n\n\n\n<p class=\"wp-block-paragraph\">Macau.- In an interview with the Las Vegas Review-Journal, MGM Resorts CEO,\u00a0<strong>Bill Hornbuckle<\/strong> highlight the increased market share of MGM Resorts International&#8217;s Macau operations since the relaxation of Covid-19 restrictions earlier this year.\u00a0He noted that MGM China Holdings&#8217; revenue has contributed approximately 20 per cent of the company&#8217;s cash flow earnings.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Hornbuckle said: \u201cIt\u2019s off to a great start as far as we\u2019re concerned. We\u2019ve taken more than our share historically. Pre-pandemic, we were below 10 per cent market share. I think we\u2019re enjoying 13, 14 and 15 per cent in some months this year.\u201d<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><a rel=\"noreferrer noopener\" href=\"https:\/\/focusgn.com\/asia-pacific\/mgm-china-posts-revenue-of-us618m-for-q1\" target=\"_blank\">MGM China Holdings<\/a>\u00a0posted a net revenue of US$618m in the first quarter of the year, compared to US$268m last year. The figure was up 130 per cent in year-on-year terms. The casino operator reported a positive adjusted EBITDA of approximately US$169m, compared to a loss of US$26m recorded a year prior.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Earlier this year, Morgan Stanley predicted that MGM China could anticipate&nbsp;<a target=\"_blank\" href=\"https:\/\/focusgn.com\/asia-pacific\/mgm-chinas-mass-market-share-to-rise-by-3-in-2024-analysts-say\" rel=\"noreferrer noopener\">a mass market share increase of at least 3 per cent<\/a>&nbsp;over the next two years, primarily due to the addition of gaming tables to its operations. Since the new concession came into effect in the post-Covid-19 era, the number of gaming tables under MGM China has risen from 553 at the end of 2019 to 750.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>MGM Resorts CEO Bill Hornbuckle was interviewed by the Las Vegas Review-Journal.<\/p>\n","protected":false},"author":176,"featured_media":0,"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 Resorts International's Macau operations, under MGM China Holdings, have demonstrated significant post-COVID-19 market share expansion and robust financial recovery. CEO Bill Hornbuckle reported a rise in market share to 13-15% from pre-pandemic levels and a 130% year-on-year Q1 revenue increase, with Macau contributing approximately 20% to the parent company's cash flow earnings, partly attributed to an expanded gaming table allocation under the new concession.","focusai_entities":"MGM Resorts International, Bill Hornbuckle, MGM China Holdings, Morgan Stanley, Las Vegas Review-Journal","focusai_location":"Macau, United States","focusai_target_profile":"ceo_executive (0.95), regulator (0.75), operator_casino (0.95), investor_analyst (1.0), supplier_vendor (0.7), journalist_researcher (0.9)","focusai_suggestions":[{"label":"Macau Market Share Drivers","query":"Beyond the increased gaming table allocation, what specific operational efficiencies or player acquisition strategies did MGM China implement to achieve a 3-5 percentage point increase in Macau mass market share post-pandemic?"},{"label":"Concession Framework Impact","query":"How do the non-gaming investment requirements and diversification mandates within the new Macau concession framework specifically influence MGM China's long-term capital expenditure and strategic development plans?"}],"footnotes":""},"categories":[16338,163],"tags":[1618],"class_list":["post-777007590","post","type-post","status-publish","format-standard","hentry","category-east-asia-news","category-finance-news","tag-mgm-china"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777007590","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=777007590"}],"version-history":[{"count":2,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777007590\/revisions"}],"predecessor-version":[{"id":777007617,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777007590\/revisions\/777007617"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=777007590"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777007590"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777007590"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}