Key points:
- MGM Resorts International has signed a new employment agreement with CEO and President Bill Hornbuckle, extending his role until the end of 2028
- An advisory role has also been proposed for Hornbuckle following the contract term, focused on the company’s resort project in Osaka, Japan
MGM Resorts has announced a new employment agreement with CEO and President Bill Hornbuckle, which will see him continue in the role through to 31 December 2028.
The agreement includes a provision for Hornbuckle to take on an advisory position after his term ends, supporting MGM Resorts' integrated resort development in Osaka, Japan until its opening.
Hornbuckle currently oversees the company’s global strategy, operations and development initiatives in both hospitality and gaming. He sits on MGM Resorts’ Board of Directors and serves as Co-Chair of the Board of Directors for MGM China Holdings, which manages properties in Macau.
In addition to his responsibilities within the company, Hornbuckle is Chair of the US Travel Association and has formerly served as Chair of the US Travel and Tourism Advisory Board. MGM Resorts has not disclosed the financial terms of the agreement.
Good to know: MGM Resorts is currently pursuing a development project in Japan and maintains a presence in North America and Europe
Paul Salem, MGM Resorts Board of Directors Chairman, stated: "Bill is an exceptional, visionary leader who successfully guided the company through the Covid-19 pandemic while also positioning the business for long-term growth through new digital ventures, strategic M&A opportunities and expansion into new international markets.”
Bill Hornbuckle added: "I am honoured to continue leading this company at an exciting time of both digital growth and resort expansion in places like New York, Japan, Brazil and the Middle East.
"Together, we will continue to pursue our vision to be the world's premiere gaming entertainment company."
