MGM Resorts Extends CEO Hornbuckle’s Contract to 2028

MGM Resorts ( (MGM) ) has issued an update.

On May 8, 2025, MGM Resorts International extended its employment agreement with CEO William Hornbuckle until December 31, 2028, ensuring his leadership for the long term. The agreement includes a base salary of $2 million per year, annual bonuses, equity grants, and a special signing bonus, reflecting the company’s commitment to stability and strategic leadership. This move is expected to strengthen MGM’s industry positioning and provide continuity in its operations, particularly with the upcoming Japan Integrated Resort project.

Spark’s Take on MGM Stock

According to Spark, TipRanks’ AI Analyst, MGM is a Outperform.

MGM Resorts scores a 72, reflecting strong earnings performance driven by strategic initiatives such as the BetMGM turnaround and Marriott partnership. The company’s financial performance shows operational efficiency but highlights risks due to high leverage. Technical indicators suggest moderate upward momentum, while the valuation is reasonable. Recent corporate governance improvements further support potential growth.

To see Spark’s full report on MGM stock, click here.

More about MGM Resorts

MGM Resorts International is a major player in the hospitality and entertainment industry, known for its luxury resorts and casinos. The company focuses on providing premium experiences in gaming, hospitality, and entertainment across various markets.

Average Trading Volume: 6,206,538

Technical Sentiment Signal: Sell

Current Market Cap: $8.55B

See more insights into MGM stock on TipRanks’ Stock Analysis page.