Industry Update
Appointment23 March 2020

Bill Hornbuckle

Appointed Acting Chief Executive Officer
At MGM Resorts International in Las Vegas - NV, USA

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Bill Hornbuckle

MGM Resorts International ("the Company") or ("MGM Resorts") (NYSE: MGM) today announced that Chief Operating Officer and President Bill Hornbuckle, has been named acting Chief Executive Officer (CEO) and President, replacing outgoing Chairman and CEO Jim Murren. Murren informed the Company's Board of Directors in early February of his plans to step down prior to the expiration of his contract, and in light of the public health crisis gripping the nation and the travel industry, has vacated the position as of today so as to provide continuity of leadership for the Company.

A four-decade veteran of the gaming industry, Bill Hornbuckle served as President and Chief Operating Officer of MGM Resorts International and is currently an Executive Committee Member and a Board of Director of MGM China Holdings with operations and resorts in Macau. In addition, he is a member of the Board of Directors of MGM Growth Properties (MGM Resorts' REIT IPO), the CityCenter JV Board of Directors (a joint venture with Dubai World) and the Las Vegas Stadium Authority.

He was previously Chief Marketing Officer of MGM Resorts International from 2009 until 2012. From 2005 until August 2009, Mr. Hornbuckle served as President and Chief Operating Officer of Mandalay Bay Resort & Casino. He previously had served as President and Chief Operating Officer of MGM Resorts International-Europe, where he worked on the development of the Company's gaming operations in the United Kingdom. He also served as President and Chief Operating Officer of MGM Grand Las Vegas from 1998 to 2001.

Prior to MGM Grand Las Vegas, Mr. Hornbuckle served as President and Chief Operating Officer for Caesars Palace, Las Vegas. He spent the majority of his career with Mirage Resorts in various senior management positions, including President and Chief Operating Officer of the Golden Nugget Laughlin, Executive Vice President and Chief Operating Officer of Treasure Island and Vice President of Hotel Operations for The Mirage, opening the hotel in 1989.

Mr. Hornbuckle is a graduate of the University of Nevada, Las Vegas and has a Bachelor of Science Degree in Hotel Administration. He serves on the Board of Trustees for Three Square Food Bank. He is also a Founder of the Bank of George, a local banking institution. Previously, Mr. Hornbuckle served on the boards for the University of Nevada, Las Vegas Foundation, and the Andre Agassi Foundation. From 1999 to 2003, he also served as a Board Member of the Las Vegas Convention and Visitors Authority.

MGM Resorts International

MGM Resorts International (NYSE: MGM) is an S&P 500® global entertainment company with national and international locations featuring best-in-class hotels and casinos, state-of-the-art meetings and conference spaces, incredible live and theatrical entertainment experiences, and an extensive array of restaurant, nightlife and retail offerings.
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Recent Appointments at MGM Resorts International

Melonie Johnson - President and Chief Operating Officer (COO)

20 August 2020 — Borgata Hotel Casino & Spa, and MGM Resorts Luxury Destination, has announced the appointment of Melonie Johnson as President and Chief Operating Officer (COO). Having entered into the role during Atlantic City's COVID-19-mandated shutdown, Johnson worked closely with local officials to safely reopen the property in July.
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Bill Hornbuckle - Chief Executive Officer

30 July 2020 — The MGM Resorts International (NYSE: MGM) Board of Directors today announced that William (Bill) J. Hornbuckle has been elected as Chief Executive Officer and President, effective immediately. Hornbuckle has been serving the company as Acting CEO and President since March 2020.
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Paul J. Salem - Chair of the Board of Directors

23 March 2020 — Paul Salem will be replacing Murren as the Chair of the Board of Directors, who currently is a member of the MGM Resorts Board of Directors and Chair of the real estate committee of MGM Resorts, which is in the process of executing the asset-light strategy.
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