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Hornbuckle is acting CEO for MGM Resorts International

Outgoing CEO Murren leaving early so company can prepare for COVID-19 pandemic

Bill Hornbuckle, chief operating officer and president for MGM Resorts International, has been named the company’s acting CEO. He will take on the duties of outgoing CEO Jim Murren who gave notice in February that he would leave at the end of his contract.

Murren decided to step down early so the company could have continuity of leadership during the COVID-19 pandemic. Last week he was one of several hotel company CEOs who met with President Donald Trump to discuss the pandemic’s effect on the hotel industry.


Hornbuckle also is a member of MGM’s executive committee and a member of its board of directors for MGM China Holdings. He previously served as president and chief operating officer for Caesars Palace in Las Vegas and spent the majority of his career with Mirage Resorts in various senior management positions.

He has a bachelor’s degree from the University of Nevada.

Paul Salem, a member of the MGM board of directors and chair of the real estate committee of MGM Resorts, will replace Murren as chairman of the board.

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Photo by Win McNamee/Getty Images

Trump policies took center stage in 2025

Summary:

  • Policy shifts and trade tensions shaped the U.S. hospitality industry.
  • A congressional deadlock triggered a federal shutdown from Oct. 1 to Nov. 12.
  • Visa limitations and the immigration crackdown dampened international travel.

THE U.S. HOSPITALITY industry navigated a year of policy shifts, leadership changes, trade tensions and reflection. From Washington’s decisions affecting travel and tourism to industry gatherings and the loss of influential figures, these stories dominated conversation and shaped the sector.

Policy uncertainty took center stage as Washington ground to a halt. A congressional deadlock over healthcare subsidies and spending priorities triggered a federal government shutdown that began on Oct. 1 and lasted until Nov. 12. The U.S. Travel Association warned the shutdown could cost the travel economy up to $1 billion per week, citing disruptions at federal agencies and the Transportation Security Administration. Industry leaders said prolonged gridlock would further strain hotels already facing rising costs and workforce challenges.

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