{"id":315737,"date":"2024-03-28T16:48:16","date_gmt":"2024-03-28T21:48:16","guid":{"rendered":"https:\/\/www.casino.org\/news\/?p=315737"},"modified":"2024-03-29T11:10:39","modified_gmt":"2024-03-29T16:10:39","slug":"mgm-ceo-hornbuckle-met-with-chinese-president-xi-wednesday","status":"publish","type":"post","link":"https:\/\/www.casino.org\/news\/mgm-ceo-hornbuckle-met-with-chinese-president-xi-wednesday\/","title":{"rendered":"MGM CEO Bill Hornbuckle Among US Bosses Who Met with Chinese Leader Xi"},"content":{"rendered":"

MGM Resorts International (NYSE: MGM) CEO Bill Hornbuckle was a part of a group of chief executive officers of U.S.-based companies that met with Chinese President Xi Jinping in Beijing on Wednesday.<\/p>\n

\"MGM
MGM Resorts International CEO Bill Hornbuckle during an interview with The Nevada Independent<\/em> on June 30, 2023. He was one of 20 U.S. business leaders who met with Chinese President Xi Jinping on Wednesday. (Image: The Nevada Independent<\/em>)<\/figcaption><\/figure>\n

Other participants included Blackstone Group CEO Stephen Schwarzman, Chubb CEO Evan Greenberg, FedEx Chairman and CEO Raj Subramaniam, and Qualcomm CEO Cristiano Amon. President of the National Committee on U.S.-China Relations Stephen Orlins and President of the U.S.-China Business Council Craig Allen also attended the meeting.<\/p>\n

China\u2019s reforms will not stall, and our opening up will not stop,\u201d<\/strong> said Xi, according to China state media sources. \u201cChina\u2019s development, having overcome various difficulties and challenges, has not collapsed\u2009.\u2009.\u2009.\u2009in the past, nor will it \u2018peak\u2019 now.\u201d<\/strong><\/p><\/blockquote>\n

It\u2019s believed 20 U.S. business leaders attended the 90-minute meeting with the Chinese president, and that MGM\u2019s Hornbuckle was the only gaming executive there.<\/p>\n

MGM Has Significant China Interests<\/h2>\n

Hornbuckle\u2019s attendance at the meeting with Xi makes sense, because MGM has significant interests in China, the world\u2019s second-largest economy behind the U.S.<\/p>\n

\n

The Las Vegas-based casino giant is the majority owner of MGM China, which operates two integrated resorts in Macau. MGM China is adding market share<\/a> in the lone Chinese territory where betting is legal, implying positive ties with Beijing are essential. MGM is one of three U.S.-based Macau concessionaires.<\/p>\n<\/div>\n

Through a partnership with Diaoyutai MGM Hospitality, MGM also operates a slew of nongaming hotels and residences in mainland China. They do so under brands including Bellagio by MGM, MGM, and Mirage by MGM, among others.<\/p>\n

Recent speculation on Chinese social media platforms indicates Diaoyutai MGM Hospitality is planning to open a new Shanghai hotel with the Mirage by MGM brand in 2027. That will be Diaoyutai MGM Hospitality\u2019s third hotel in the city.<\/p>\n

Meeting Could Be Seen as Positive for US\/China Relations<\/h2>\n

Given the often icy tone of U.S.\/China geopolitical relations, it could be seen as a positive that Xi met with Hornbuckle and the other U.S. CEOs. Likewise, scores of U.S. multinational firms, gaming and otherwise<\/a>, depend on China for significant percentages of earnings and revenue. That means corporations must maintain friendly relations with Beijing.<\/p>\n

The history of China-US relations is a chronicle of friendly interactions between the peoples of the two countries,\u201d<\/strong> said Xi. \u201cIt was written by the people in the past and must continue to be shaped by the people of both nations in the future. Individuals from all sectors of both countries should engage more, communicate more, and cooperate more.\u201d<\/strong><\/p><\/blockquote>\n

Specific to MGM, maintaining strong ties to Chinese leadership is pivotal for another reason. Like other operators on the Las Vegas Strip<\/a>, MGM counts on Chinese visitors to drive international traffic. Those guests make up an essential demographic at high-end venues, such as Bellagio and Cosmopolitan.<\/p>\n","protected":false},"excerpt":{"rendered":"

MGM Resorts International (NYSE: MGM) CEO Bill Hornbuckle was a part of a group of chief executive officers of U.S.-based companies that met with Chinese President Xi Jinping in Beijing on Wednesday. Other participants included Blackstone Group CEO Stephen Schwarzman, Chubb CEO Evan Greenberg, FedEx Chairman and CEO Raj Subramaniam, and Qualcomm CEO Cristiano Amon. […]<\/p>\n","protected":false},"author":46,"featured_media":289645,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[69069,62,10],"tags":[81913,81897,81903],"acf":[],"yoast_head":"\nMGM CEO Hornbuckle Met With Chinese President Xi Wednesday<\/title>\n<meta name=\"description\" content=\"MGM CEO Hornbuckle Among US Corporate Bosses to Meet with Chinese Leader Xi.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.casino.org\/news\/mgm-ceo-hornbuckle-met-with-chinese-president-xi-wednesday\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"MGM CEO Hornbuckle Met With Chinese President Xi Wednesday\" \/>\n<meta property=\"og:description\" content=\"MGM CEO Hornbuckle Among US Corporate Bosses to Meet with Chinese Leader Xi.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.casino.org\/news\/mgm-ceo-hornbuckle-met-with-chinese-president-xi-wednesday\/\" \/>\n<meta property=\"og:site_name\" content=\"Casino.org\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/Casino.OrgNews\" \/>\n<meta property=\"article:published_time\" content=\"2024-03-28T21:48:16+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-03-29T16:10:39+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2023\/09\/840e812c-bill-hornbuckle-062923-1-1200x797-1.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"797\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Todd Shriber\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@etfgodfather\" \/>\n<meta name=\"twitter:site\" content=\"@Casino_Org\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Todd Shriber\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.casino.org\/news\/mgm-ceo-hornbuckle-met-with-chinese-president-xi-wednesday\/\",\"url\":\"https:\/\/www.casino.org\/news\/mgm-ceo-hornbuckle-met-with-chinese-president-xi-wednesday\/\",\"name\":\"MGM CEO Hornbuckle Met With Chinese President Xi Wednesday\",\"isPartOf\":{\"@id\":\"https:\/\/www.casino.org\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.casino.org\/news\/mgm-ceo-hornbuckle-met-with-chinese-president-xi-wednesday\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.casino.org\/news\/mgm-ceo-hornbuckle-met-with-chinese-president-xi-wednesday\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2023\/09\/840e812c-bill-hornbuckle-062923-1-1200x797-1.jpg\",\"datePublished\":\"2024-03-28T21:48:16+00:00\",\"dateModified\":\"2024-03-29T16:10:39+00:00\",\"author\":{\"@id\":\"https:\/\/www.casino.org\/news\/#\/schema\/person\/f4cecf70a5032bc4e60eb73fc86d4a85\"},\"description\":\"MGM CEO Hornbuckle Among US Corporate Bosses to Meet with Chinese Leader Xi.\",\"breadcrumb\":{\"@id\":\"https:\/\/www.casino.org\/news\/mgm-ceo-hornbuckle-met-with-chinese-president-xi-wednesday\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.casino.org\/news\/mgm-ceo-hornbuckle-met-with-chinese-president-xi-wednesday\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.casino.org\/news\/mgm-ceo-hornbuckle-met-with-chinese-president-xi-wednesday\/#primaryimage\",\"url\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2023\/09\/840e812c-bill-hornbuckle-062923-1-1200x797-1.jpg\",\"contentUrl\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2023\/09\/840e812c-bill-hornbuckle-062923-1-1200x797-1.jpg\",\"width\":1200,\"height\":797,\"caption\":\"MGM Resorts International CEO Bill Hornbuckle during an interview with The Nevada Independent on June 30, 2023. He recently bought 58,900 shares of MGM stock. (Image: The Nevada Independent)\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.casino.org\/news\/mgm-ceo-hornbuckle-met-with-chinese-president-xi-wednesday\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"News\",\"item\":\"https:\/\/www.casino.org\/news\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Asia Pacific Gaming\",\"item\":\"https:\/\/www.casino.org\/news\/asia-pacific-gaming\/\"},{\"@type\":\"ListItem\",\"position\":3,\"name\":\"MGM CEO Bill Hornbuckle Among US Bosses Who Met with Chinese Leader Xi\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.casino.org\/news\/#website\",\"url\":\"https:\/\/www.casino.org\/news\/\",\"name\":\"Casino.org\",\"description\":\"Latest Casino and Gaming News\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.casino.org\/news\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.casino.org\/news\/#\/schema\/person\/f4cecf70a5032bc4e60eb73fc86d4a85\",\"name\":\"Todd Shriber\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.casino.org\/news\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2023\/03\/cropped-11-96x96.png\",\"contentUrl\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2023\/03\/cropped-11-96x96.png\",\"caption\":\"Todd Shriber\"},\"description\":\"Todd Shriber is a senior news reporter covering gaming financials, casino business, stocks, and mergers and acquisitions for Casino.org. Todd got his start in financial markets as a reporter with Bloomberg News. Later, he became a trader at a Southern California-based long\/short hedge fund, where he specialized in the trading sector and international ETFs leading up to and during the financial crisis. He joined Casino.org in 2019. Currently, Todd analyzes, researches, and writes on ETFs for various web-based publications and financial services firms. Shriber has been featured and quoted in Barron's, CNBC.com, and The Wall Street Journal. His work can also be found on Benzinga, ETF Daily News, ETF Trends, MarketWatch, Fox Business, and Nasdaq.com. He currently resides in Las Vegas, where he enjoys golf and taking his black lab to the dog park. He's also an avid sports fan and likes to wager on college football and the NBA. You can also find him at the three-card poker and roulette table, even though he knows better. Contact Todd at todd.shriber@casino.org.\",\"sameAs\":[\"https:\/\/muckrack.com\/todd-shriber\",\"https:\/\/www.linkedin.com\/in\/toddshriber\/\",\"https:\/\/x.com\/etfgodfather\"],\"url\":\"https:\/\/www.casino.org\/news\/author\/todd-shriber\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"MGM CEO Hornbuckle Met With Chinese President Xi Wednesday","description":"MGM CEO Hornbuckle Among US Corporate Bosses to Meet with Chinese Leader Xi.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.casino.org\/news\/mgm-ceo-hornbuckle-met-with-chinese-president-xi-wednesday\/","og_locale":"en_US","og_type":"article","og_title":"MGM CEO Hornbuckle Met With Chinese President Xi Wednesday","og_description":"MGM CEO Hornbuckle Among US Corporate Bosses to Meet with Chinese Leader Xi.","og_url":"https:\/\/www.casino.org\/news\/mgm-ceo-hornbuckle-met-with-chinese-president-xi-wednesday\/","og_site_name":"Casino.org","article_publisher":"https:\/\/www.facebook.com\/Casino.OrgNews","article_published_time":"2024-03-28T21:48:16+00:00","article_modified_time":"2024-03-29T16:10:39+00:00","og_image":[{"width":1200,"height":797,"url":"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2023\/09\/840e812c-bill-hornbuckle-062923-1-1200x797-1.jpg","type":"image\/jpeg"}],"author":"Todd Shriber","twitter_card":"summary_large_image","twitter_creator":"@etfgodfather","twitter_site":"@Casino_Org","twitter_misc":{"Written by":"Todd Shriber","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.casino.org\/news\/mgm-ceo-hornbuckle-met-with-chinese-president-xi-wednesday\/","url":"https:\/\/www.casino.org\/news\/mgm-ceo-hornbuckle-met-with-chinese-president-xi-wednesday\/","name":"MGM CEO Hornbuckle Met With Chinese President Xi Wednesday","isPartOf":{"@id":"https:\/\/www.casino.org\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.casino.org\/news\/mgm-ceo-hornbuckle-met-with-chinese-president-xi-wednesday\/#primaryimage"},"image":{"@id":"https:\/\/www.casino.org\/news\/mgm-ceo-hornbuckle-met-with-chinese-president-xi-wednesday\/#primaryimage"},"thumbnailUrl":"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2023\/09\/840e812c-bill-hornbuckle-062923-1-1200x797-1.jpg","datePublished":"2024-03-28T21:48:16+00:00","dateModified":"2024-03-29T16:10:39+00:00","author":{"@id":"https:\/\/www.casino.org\/news\/#\/schema\/person\/f4cecf70a5032bc4e60eb73fc86d4a85"},"description":"MGM CEO Hornbuckle Among US Corporate Bosses to Meet with Chinese Leader Xi.","breadcrumb":{"@id":"https:\/\/www.casino.org\/news\/mgm-ceo-hornbuckle-met-with-chinese-president-xi-wednesday\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.casino.org\/news\/mgm-ceo-hornbuckle-met-with-chinese-president-xi-wednesday\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.casino.org\/news\/mgm-ceo-hornbuckle-met-with-chinese-president-xi-wednesday\/#primaryimage","url":"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2023\/09\/840e812c-bill-hornbuckle-062923-1-1200x797-1.jpg","contentUrl":"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2023\/09\/840e812c-bill-hornbuckle-062923-1-1200x797-1.jpg","width":1200,"height":797,"caption":"MGM Resorts International CEO Bill Hornbuckle during an interview with The Nevada Independent on June 30, 2023. He recently bought 58,900 shares of MGM stock. (Image: The Nevada Independent)"},{"@type":"BreadcrumbList","@id":"https:\/\/www.casino.org\/news\/mgm-ceo-hornbuckle-met-with-chinese-president-xi-wednesday\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"News","item":"https:\/\/www.casino.org\/news\/"},{"@type":"ListItem","position":2,"name":"Asia Pacific Gaming","item":"https:\/\/www.casino.org\/news\/asia-pacific-gaming\/"},{"@type":"ListItem","position":3,"name":"MGM CEO Bill Hornbuckle Among US Bosses Who Met with Chinese Leader Xi"}]},{"@type":"WebSite","@id":"https:\/\/www.casino.org\/news\/#website","url":"https:\/\/www.casino.org\/news\/","name":"Casino.org","description":"Latest Casino and Gaming News","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.casino.org\/news\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.casino.org\/news\/#\/schema\/person\/f4cecf70a5032bc4e60eb73fc86d4a85","name":"Todd Shriber","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.casino.org\/news\/#\/schema\/person\/image\/","url":"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2023\/03\/cropped-11-96x96.png","contentUrl":"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2023\/03\/cropped-11-96x96.png","caption":"Todd Shriber"},"description":"Todd Shriber is a senior news reporter covering gaming financials, casino business, stocks, and mergers and acquisitions for Casino.org. Todd got his start in financial markets as a reporter with Bloomberg News. Later, he became a trader at a Southern California-based long\/short hedge fund, where he specialized in the trading sector and international ETFs leading up to and during the financial crisis. He joined Casino.org in 2019. Currently, Todd analyzes, researches, and writes on ETFs for various web-based publications and financial services firms. Shriber has been featured and quoted in Barron's, CNBC.com, and The Wall Street Journal. His work can also be found on Benzinga, ETF Daily News, ETF Trends, MarketWatch, Fox Business, and Nasdaq.com. He currently resides in Las Vegas, where he enjoys golf and taking his black lab to the dog park. He's also an avid sports fan and likes to wager on college football and the NBA. You can also find him at the three-card poker and roulette table, even though he knows better. Contact Todd at todd.shriber@casino.org.","sameAs":["https:\/\/muckrack.com\/todd-shriber","https:\/\/www.linkedin.com\/in\/toddshriber\/","https:\/\/x.com\/etfgodfather"],"url":"https:\/\/www.casino.org\/news\/author\/todd-shriber\/"}]}},"_links":{"self":[{"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/posts\/315737"}],"collection":[{"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/users\/46"}],"replies":[{"embeddable":true,"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/comments?post=315737"}],"version-history":[{"count":4,"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/posts\/315737\/revisions"}],"predecessor-version":[{"id":315844,"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/posts\/315737\/revisions\/315844"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/media\/289645"}],"wp:attachment":[{"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/media?parent=315737"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/categories?post=315737"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/tags?post=315737"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}