MGM Resorts International has announced that CEO and president Bill Hornbuckle has agreed an extended contract with the company until 31 December 2028.
Alongside the contract extension, Hornbuckle has been offered an advisory role on the company’s new resort project in Osaka, Japan, from the end of his term in 2028.
Hornbuckle has served at MGM Resorts since 1998 and succeeded Jim Murren as chief executive in June 2020.
“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,” said MGM Resorts chairman Paul Salem.
“Bill has earned the trust, respect and admiration of his employees, peers, shareholders and this Board. We’re thrilled that he has agreed to remain in his role for the foreseeable future.”
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. Our best days remain in front of us, and I’m thankful to our Board for their continued trust and support.
“The success we’ve enjoyed over the last five years is a testament to our leadership team and our employees who have embraced our culture of guest-centricity and continuous improvement. Together, we will continue to pursue our vision to be the world’s premiere gaming entertainment company.”
Shares in MGM Resorts International (NYSE:MGM) closed 1.48 per cent higher at $32.21 per share in New York Thursday.