MGM CEO Bill Hornbuckle's contract has been renewed, extending his tenure until 2028.
Hear Ye, Hear Ye!
MGM Resorts International has given CEO Bill Hornbuckle a sweet new deal, extending his reins until the end of 2028. And that ain't all, folks! Once his tenure as CEO is over, he'll join forces with the MGM team in Osaka, Japan, to help kick off their massive $9 billion integrated resort project, with an expected grand opening in 2030[1].
In the swanky statement they released, MGM confirmed that Hornbuckle's badass new contract runs through December 31, 2028. But hold your horses, partners – they didn't explicitly say he'd be stepping down as CEO at that point. Instead, they mentioned he'd be taking on an advisory role to support their Osaka project till it opens[2].
The one and only Paul Salem, MGM Resorts' Prez, gushed about Hornbuckle's kick-ass leadership skills, hailing his impressive guidance of the company through pandemic chaos while priming it for long-term growth[6]. Salem called him "an exceptional visionary," and honestly, we can't disagree. Hornbuckle couldn't hide his excitement, either, expressing eagerness to keep leading the company through its digital growth in destinations like New York, Japan, Brazil, and the Middle East[6].
Now, let's talk numbers, shall we? MGM recently put out some mighty impressive financial results from Q1 2025, with revenues of $4.3 billion and an attributable net income of $149 million[3]. Sure, that's a slight drop from previous figures, but it shows the company's staying solid.
But there was a teensy hiccup – last month, MGM agreed to cough up $8.5 million to the Nevada Gaming Control Board (NGCB) for neglecting to report dodgy betting activities by bookies Wayne Nix and Mathew Bowyer[4]. The NGCB didn't mince words when it hit MGM with the penalty due to compliance issues brewing within the MGM Grand and Cosmopolitan teams in Las Vegas.
And if you're into the latest iGaming scoop, stick with us, pardner. Don't miss SiGMA's top 10 news – join the wildest gathering of iGaming fanatics in the world, and we'll keep you in the loop with weekly updates and exclusive subscriber perks[7].
Now, let's talk gaming and betting… we got some juicy stories for ya! Like, the secret challenge that social networks bring to online betting and young Brazilian teens[8]; and Light & Wonder's Q1 2025 revenue growth, clocks in at 2%[9].
But wait, there's more! Hang on tight, partners – we ain't done yet!
[1] Compliance Week[2] Forbes[3] PR Newswire[4] iGB News[5] Legal Sports Report[6] USA Today[7] SiGMA Europe Summit[8] Gambrego Ambiental & Latinoamérica[9] Yogonet News
The extension of Bill Hornbuckle's tenure as CEO of MGM Resorts International to the end of 2028 plays a crucial role in their digital growth strategies, particularly in destinations like New York, Japan, Brazil, and the Middle East. On the side, his association with the MGM team in Osaka, Japan, shows a strong commitment towards technology and sports, with an anticipated grand opening of the $9 billion integrated resort project in 2030.
