Friday, March 29, 2024

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Change in MGM China board, as Pansy Ho and William Hornbuckle re-elected

MGM China has re-elected Chairperson Pansy Ho and Co-Chairperson William Honbuckle to its Board of Directors, both in the role of Executive Director, while announcing a change of non-executive directors.

Hornbuckle not concerned about Beijing-imposed video gaming curbs

MGM Resorts CEO Bill Hornbuckle said that the company has received “zero direct signal” that the restrictions imposed in China’s video games industry could make their way to Macau’s gambling industry in the same way. 

MGM’s Hornbuckle sees prospect of only two Japan IRs

MGM President and CEO Bill Hornbuckle told the Bernstein Annual Strategic Decisions Conference on Friday that, in his estimation, only two IRs are likely to be built in Japan’s first round of development, not the maximum three that the legislation allows for.

Bill Hornbuckle

Bill Hornbuckle is CEO and President of MGM Resorts International.

Hornbuckle expects Macau to be in good position in 12 months

MGM Resorts president and CEO Bill Hornbuckle says he is hopeful that the company’s operations in Macau will be in a good position in around 12 months' time, despite a slower-than-desired recovery compared to their home market of Las Vegas. 

MGM China announces CNY one-month salary staff bonus

MGM China announced that a discretionary bonus, equivalent to one month’s salary, will be paid to eligible team members.

The birth of a new Asian casino monopoly

The recent decision by Japanese authorities to reject the proposal for a new IR in Nagasaki has created a new Asian casino monopoly. Expert Daniel Cheng points out the political machinations that brought about the outcome and the risks now being taken, both by the lone IR operator in Osaka, and the government.

MGM Resorts unveils vision for New York casino

MGM Resorts has unveiled its vision for a proposed integrated resort in New York, as it competes for one of the three possible licenses that authorities are planning to issue in the state.

China state group awarded $1.2 bln contract for the future Dubai leisure island with MGM IR

Dubai developer Wasl has awarded an estimated $1.2 billion contract to Beijing-based China State Construction Engineering Corporation (CSCEC) to develop a future entertainment and tourism island where a planned MGM integrated resort will be located.

UAE gambling legalization is a significant opportunity for MGM – CEO

The possible legalization of gambling in the UAE, would be a considerable opportunity, the management of MGM Resorts International stated in the group's third quarter 2023 earnings conference call.