MGM Resorts International Extends Bill Hornbuckles Contract for Future Growth Strategy

On May 8, 2025, MGM Resorts International (NYSE: MGM) announced an exciting development in its leadership structure: the renewal of CEO and President Bill Hornbuckle's employment agreement, extending through December 31, 2028. This decision underscores the confidence the board has in Hornbuckle's ability to navigate the ever-evolving landscape of the gaming and hospitality industry.

Incorporated into the new agreement is a commitment to an advisory role for Hornbuckle once his current term ends. This advisory capacity will see him actively contribute to a significant new project—the integrated resort being developed in Osaka, Japan. This project marks a pivotal expansion into the Asian market, highlighting MGM’s strategic focus on global growth.

Paul Salem, the Chairman of the Board at MGM Resorts, expressed his enthusiasm for Hornbuckle's continued leadership: "Bill is an exceptional, visionary leader ... We're thrilled that he has agreed to remain in his role for the foreseeable future." Salem's comments reflect the immense trust and respect Hornbuckle has garnered from employees, peers, and the board alike during his tenure, especially through challenging times such as the COVID-19 pandemic.

Reflecting on the new contract, Hornbuckle expressed his eagerness to lead MGM Resorts during a time that is ripe with opportunities for both digital expansion and resort development in various regions, such as New York, Japan, Brazil, and the Middle East. He emphasized gratitude towards the Board for their ongoing support, stating, "Our best days remain in front of us ... Together, we will continue to pursue our vision to be the world's premiere gaming entertainment company."

As CEO, Hornbuckle oversees all facets of MGM Resorts' operations, ensuring that strategies are implemented to align with the company’s objectives. His role includes spearheading global development initiatives, with a specific focus on digital gaming. Hornbuckle also serves as a member of MGM Resorts' Board of Directors, adding a layer of insightful governance to the organization.

Additionally, he holds the position of Co-Chairman of MGM China Holdings, an entity managing resorts in Macau. Beyond MGM’s immediate interests, Hornbuckle takes an active role in the travel and tourism sector by serving as the Chair of the U.S. Travel Association. His extensive experience includes previous responsibilities on the U.S. Travel and Tourism Advisory Board, offering guidance to the U.S. Secretary of Commerce.

The importance of Hornbuckle's leadership extends into the strategic vision for MGM Resorts, which is not limited to immediate gains but is also shaped by aspiration for long-term consequences. Under his leadership, the company has successfully balanced the dual goals of profitability and sustainability, paving the way for future advancements in the global gaming and hospitality landscape.

About MGM Resorts International

MGM Resorts International, listed on the S&P 500, is recognized as a leader in the gaming and entertainment sector, housing numerous prestigious hotels and casinos across national and international locations. Known for creating immersive experiences, the company operates 31 unique destinations, continually expanding its footprint. MGM Resorts has also ventured into online gaming through BetMGM, its sports betting and online gaming collaboration.

As the company evolves, its commitment to corporate diversity, sustainable development, and enhancement of employee and guest experiences remains paramount. With Hornbuckle at the helm, MGM Resorts is set to embrace new opportunities and shape the future of gaming entertainment.