MGM Resorts International
MGM Resorts Enters New Employment Agreement with CEO William Hornbuckle
Summary
On May 8, 2025, MGM Resorts International entered into a new employment agreement with William Hornbuckle, the President and Chief Executive Officer of the Company. The agreement, effective as of May 8, 2025, extends through December 31, 2028, with a base salary of $2,000,000 per year, annual target bonuses, equity grants, and a signing bonus of $8,000,000. The agreement also includes provisions for termination, including severance payments and continuation of benefits in certain circumstances.
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About MGM Resorts International
MGM Resorts International operates as a global hospitality and entertainment company, known for its luxury accommodations, high-profile casino resorts, and vibrant live entertainment options. The company's primary function revolves around offering unparalleled leisure experiences through its integrated resort offerings, which include numerous world-renowned properties such as the Bellagio, MGM Grand, and Mandalay Bay located in Las Vegas. MGM Resorts International also extends its influence beyond gaming and hospitality with ventures into gastronomy, retail, and convention services, thereby impacting sectors like tourism, real estate, and gastronomy. The firm plays a significant role in the leisure and hospitality industry, both within the United States and internationally, with properties in Asia and plans for future developments. MGM Resorts is crucial for the economy of entertainment hubs, contributing to employment and regional economic activity. As a prominent player in the gaming and resort space, it continuously adapts to industry trends, such as leveraging digital solutions and expanding online gaming platforms, further cementing its standing in the dynamic landscape of global hospitality.
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