MGM Resorts International CEO, Bill Hornbuckle, has rejected concerns about the future of Las Vegas, emphasising its enduring appeal as an entertainment hub.
Speaking at a Vegas Chamber conference, Hornbuckle noted record years in 2023 and 2024 for the city and maintained that Las Vegas remains unrivalled in its offerings.
Hornbuckle shared the stage with Boyd Gaming CEO Keith Smith at the Wynn Las Vegas, highlighting that while 2025 has seen a dip in visitation and occupancy, these should be viewed in the context of previous highs. He addressed the narrative suggesting Las Vegas is facing a downturn, saying: “The reality is occupancy is down 3% and visitation is down. Over the next 14 to 15 months, we will have more conventions on the books and in our city than in history. We are as solid as a rock.”
The MGM CEO argued that the city continues to thrive despite the challenges, pointing to the enduring popularity of attractions like the Shadow Creek Golf Course, where greens fees have soared yet continue to sell out. He also cited the Sphere and upcoming events like the Super Bowl as drivers for tourism, reinforcing Las Vegas’s unique position as a destination.
Hornbuckle (above) further dismissed notions of price gouging, particularly regarding budget offerings at the Excalibur and Luxor hotels, which contribute significantly to MGM’s earnings. He stated: “We are a well-balanced company and a well-balanced city, and we will get through this,”
Keith Smith (below) supported these views, expressing confidence in the city’s resilience and the industry’s capacity to adapt, adding: “There is no question that visitation to Las Vegas is down and it is not anything we have not seen before.”
He pointed out the enduring core demand for Las Vegas, predicting a rebound in the long term.
Hornbuckle also addressed the evolving nature of the gaming industry, noting changes in millennial gambling habits and the integration of digital experiences. Both CEOs acknowledged the need for improved transportation infrastructure to enhance visitor experiences, especially as Las Vegas approaches capacity limits.
In conclusion, both Hornbuckle and Smith underscored the importance of customer service in maintaining Las Vegas’s appeal. Smith concluded: “People come here to escape and get entertained.”
As Las Vegas continues to evolve, its leaders remain optimistic about its enduring allure and capacity for growth.
