MGM casino boss admits company lost direction with summer pricing, laments ‘infamous’ $26 bottle of water
MGM Chairman and CEO Bill Hornbuckle sent a simple message to his company this week after exorbitant prices kept people away from its Las Vegas hotels: “Shame on us.” In an earnings call Wednesday, Hornbuckle said the company had “corrected the pricing” of its resorts after a summer of backlash over high charges, including the…