MGM Resorts CEO among delegates received by President of China

MGM Resorts chief executive Bill Hornbuckle was among a group of US business leaders who met with Chinese President Xi Jinping in Beijing on Wednesday.

The meeting in the Great Hall of the People in Beijing was aimed at strengthening bilateral relations between China and the United States and demonstrating China’s openness to foreign investment.

It also gave the US delegates the opportunity to present their views to the President.

“China's reform will not stop, and opening up will not stop,” said President Xi. “We are planning and implementing a series of major measures to comprehensively deepen reform, continue to build a market-oriented, legal and international first-class business environment, and provide a broader development space for enterprises in various countries, including American enterprises.”

He added that American enterprises are welcome to participate in the joint construction of the Belt and Road Initiative, participate in large-scale economic and trade activities such as the China International Import Expo, and continue to invest in China, cultivate China, and win in China.

The US delegation also included Blackstone chief executive Stephen Schwarzman, FedEx CEO Raj Subramaniam, Stephen Orlins, president of the National Committee on United States–China Relations, and Bloomberg chair and former Governor of the Bank of England, Mark Carney.

The US delegation told President Xi that they appreciate the series of important measures recently introduced by China to further reform and open the Chinese economy and expressed optimism about China's economic development prospects.

MGM Resorts is heavily invested in China through its MGM China subsidiary, which operates the MGM casino in Macao, and Diaoyutai MGM Hospitality, which operates the Diaoyutai, Bellagio, MGM, MHub, and MX by MGM luxury hotel brands across China.