MGM Inks CEO Bill Hornbuckle's Employment Contract Extending His Tenure Through 2028
)United States | MGM | CEO Update | Buck Wargo's Insights
MGM Resorts International made waves on Thursday by signing a fresh deal with their CEO, Bill Hornbuckle, extending his tenure through 2028. This move comes with a sweet $8 million signing bonus at the conclusion of his term, giving him an advisory role for the company's Osaka, Japan, integrated resort project until its grand opening.
Paul Salem, chairman of MGM Resorts' Board of Directors, enthusiastically spoke about Hornbuckle's exceptional leadership. Salem explained that Hornbuckle steered the company triumphantly through the pandemic, establishing a strong foundation for future growth and innovation. He intends for Hornbuckle to continue leading MGM into an exciting era of digital advancement and international expansion.
As the CEO, Hornbuckle has global control over MGM Resorts' strategy, operations, hospitality, and gaming developments. He's no stranger to the Board, serving as a director and serving as co-chairman of MGM China Holdings, managing resorts in Macau.
Beyond his work at MGM, Hornbuckle is influential in the tourism industry, serving as chairman of the U.S. Travel Association and previously leading the U.S. Travel and Tourism Advisory Board.
Hornbuckle expressed his gratitude for this new opportunity and his eagerness to guide MGM through an exciting period of growth. With aspirations towards digital growth and expansion into international markets like New York, Japan, Brazil, and the Middle East, Hornbuckle emphasized that MGM's best days are still ahead.
"With continuous improvement and our guest-centric culture, we'll proceed with our vision of being the world's premier gaming entertainment company," Hornbuckle shared.
According to Buck Wargo, our insightful expert on MGM, Hornbuckle's role is indispensable to MGM Resorts' ambitious global expansion initiatives. His leadership priorities revolve around leveraging digital opportunities, expanding internationally, and navigating complex market conditions, ensuring MGM's long-term success.
- The foreseeable finance of MGM Resorts' business expansion relies on Bill Hornbuckle, as his role is indispensable to the company's ambitious global initiatives.
- The agreement with Hornbuckle not only extends his tenure as CEO through 2028 but also includes a $8 million signing bonus, which he will use to advise on the Osaka, Japan, integrated resort project.
- Despite his new advisory role, Hornbuckle will still maintain control over MGM Resorts' strategy, operations, hospitality, and gaming developments in the United States, as well as international markets like New York, Japan, Brazil, and the Middle East.
