Kenneth Xiaofeng Feng became MGM China’s new CEO on December 19. The 55-year-old isn’t new to the company. He’s been part of MGM Resorts International since 2001, working his way up through finance and operations roles across multiple markets.
Feng joined MGM China’s board in 2018 as a non-executive director. Two years later, he became President, Strategic and CFO. The company promoted him again in July 2023 to Executive Director and President.
Before that, he held several international roles. Vice President for International Operations in 2007. Senior Vice President two years after that, and Executive Vice President of MGM International Operations starting in 2017.
Why MGM China Picked an Internal Candidate
The operator chose someone who knows its Macau business inside out. Feng has worked directly with MGM Grand Paradise Limited as a director, giving him hands-on experience with the company’s casino operations.
His track record spans more than two decades. That’s rare in an industry where executives often jump between companies. MGM China clearly values continuity and institutional knowledge.
The timing matters too. Macau’s gaming market is recovering but still faces challenges. Operators need leaders who understand local regulations and can manage relationships with government authorities.
What Feng’s Contract Includes
The three-year CEO service agreement sets his base pay at US$1.5 million annually. But that’s not the whole package.
He’ll also get a management bonus. The amount depends on two things: MGM China’s operating results and Feng’s individual performance. The remuneration committee and board decide the final number.
Last year, Feng earned HK$24.199 million (about US$3.1 million) according to the 2024 annual report. That was for his previous management role.
He currently holds 2,861,100 share options under MGM China’s stock schemes. The filing notes he has no relationships with other directors or major shareholders that would create conflicts.
How This Changes MGM China’s Direction
Feng’s appointment signals stability more than disruption. He’s been shaping strategy for years already.
His experience covers the full spectrum – finance, development, operations. That range should help him balance growth plans with operational discipline.
The fixed three-year term gives him time to execute longer-term plans. But the performance-based bonus structure keeps pressure on results.
Other Macau operators will watch his moves closely. Competition for high-end players remains intense, and operators are all fighting for premium mass market share. Feng’s decisions on property development and marketing spend could shift competitive dynamics.
MGM China said shareholders don’t need to approve anything else about the appointment. Feng will face retirement and re-election at future annual meetings, following standard Hong Kong listing requirements.
