MGM Resorts International has announced the renewal of CEO Bill Hornbuckle’s contract, ensuring his continued leadership through December 31, 2028. This new agreement also includes a special advisory role for Hornbuckle, who will assist with the company’s integrated resort project in Osaka, Japan, after his tenure as CEO concludes.

Continued leadership amid global expansion:

The extended contract is a testament to Hornbuckle’s vision and leadership, particularly during challenging times such as the COVID-19 pandemic. Under his guidance, MGM has expanded its digital presence, pursued strategic mergers and acquisitions, and entered new international markets.

Bill Hornbuckle took on the role of CEO in July 2020, after a successful stint as acting CEO. Since then, he has driven MGM’s global development strategy, overseeing significant resort projects, digital gaming innovations, and international market expansions, particularly in regions like Japan, Brazil, and the Middle East. The company’s focus on growth remains a central theme, with Hornbuckle emphasizing the bright future ahead for MGM Resorts.

“I am honored to continue leading this company at such an exciting time of both digital growth and resort expansion,” Hornbuckle stated. “Our best days are ahead of us, and I’m thankful to our Board for their continued trust and support.”

As part of his duties, Hornbuckle will continue to oversee MGM’s operations, gaming development projects, and strategic direction, ensuring that the company remains at the forefront of the entertainment and hospitality sectors.

As part of his new agreement, Hornbuckle will transition to an advisory role after 2028, specifically to aid in the development of MGM’s flagship integrated resort in Osaka. The project, a joint venture with Orix Corporation, will be the first of its kind in Japan, featuring a casino, 2,500 hotel rooms, convention centers, a shopping mall, and a host of other luxury amenities.

The MGM Osaka resort is slated to open in mid-2030, with an estimated cost of ¥1.27 trillion (approximately US$8.78 billion). Hornbuckle’s expertise will be vital in guiding the project through its final stages, with the CEO to receive a monthly advisory fee of $25,000 until the resort’s opening. Additionally, MGM is considering a success bonus tied to the project’s completion.

MGM Resorts: a visionary’s leadership:

Paul Salem, Chairman of the MGM Resorts Board of Directors, praised Hornbuckle as a visionary leader who navigated the company through difficult times while positioning it for long-term success. “Bill has earned the trust, respect, and admiration of his employees, peers, shareholders, and this Board,” Salem said in the company’s press release. “We’re thrilled that he has agreed to remain in his role for the foreseeable future.”

Hornbuckle’s leadership has been instrumental in transforming MGM Resorts into a global powerhouse. From overseeing its massive portfolio of resorts and casinos to leading the charge in digital gaming through BetMGM, Hornbuckle’s strategic decisions have helped solidify the company’s place as a leader in the global gaming and entertainment industry.

MGM Resorts recently reported impressive financial results for Q1 2025, with total revenue reaching $4.28 billion, surpassing analysts’ expectations of $4.27 billion. The company also posted a consolidated adjusted EBITDA of $637 million. These results underscore the ongoing strength of MGM’s operations, which continue to thrive under Hornbuckle’s leadership.

Looking ahead, Hornbuckle and his leadership team are focused on continuing to expand MGM Resorts’ presence globally, with several high-profile projects in the works. The company’s success in Macau, New York, and the Middle East demonstrates the power of its vision and ability to adapt to changing market conditions.

“I’m thankful to our board for their continued trust and support,” Hornbuckle added. “Together, we will continue to pursue our vision to be the world’s premiere gaming entertainment company.”