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Who’s Staying at MGM’s Helm
MGM Resorts International has locked in President & CEO Bill Hornbuckle with a new contract running through 31 December 2028. The gaming veteran plans to continue leading the casino giant for the next three years.
Board Chairman Paul Salem praised the CEO as an exceptional, visionary leader who guided the company through COVID-19 while positioning it for growth.
Hornbuckle added: “I am honored to continue leading this company at an exciting time of both digital growth and resort expansion.”
MGM Under Hornbuckle’s Leadership
The renewal follows what MGM views as five successful years under the CEO’s direction. His leadership during the pandemic reportedly proved critical to the company’s recovery.
Hornbuckle credits the results to MGM’s leadership team and employees. This focus on corporate culture appears central to the board’s confidence.
Salem specifically highlighted Hornbuckle’s role in positioning the business for long-term growth through new digital ventures, strategic M&A opportunities and expansion into new international markets.
What is Included in the Agreement
The contract contains an interesting provision beyond his CEO duties. MGM agreed to offer Hornbuckle an advisory agreement after 2028 specifically to assist with its Osaka, Japan integrated resort until opening.
In his current role, Hornbuckle oversees all aspects of company strategy, operations, development projects and digital gaming initiatives. These responsibilities remain unchanged.
The CEO also serves on MGM’s Board of Directors and as Co-Chairman for MGM China Holdings, which operates Macau resorts.
How This Could Impact MGM’s Future Plans
The stability in leadership comes as MGM pursues ambitious expansion. Hornbuckle specifically mentioned development projects in New York, Japan, Brazil and the Middle East as key focus areas.
Last month, MGM agreed to an $8.5m settlement with Nevada regulators for failing to report illegal bookmaker activity.
