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CEO Pay Soared at MGM, Las Vegas Sands, and Wynn Resorts



Skift Take

MGM Resorts CEO William Hornbuckle made round $37.9 million in pay final 12 months. The monetary windfall was a reward for seeing the corporate notch document income and signal a landmark loyalty partnership with Marriott.


MGM Resorts CEO and president William Hornbuckle made round $38 million in pay in 2023, greater than the CEOs of rival on line casino resort operators Wynn Resorts and Las Vegas Sands, as detailed in current SEC filings.

Hornbuckle obtained a bigger pay bundle final 12 months than he did in the previous couple of years as a result of most of his compensation was tied to the efficiency of the corporate’s inventory. MGM Resorts’s share worth rose 31% final 12 months.

Right here’s a have a look at the take-home pay of the executives steering three of the biggest on line casino resort operators in 2023. (Caesars Leisure isn’t anticipated to report its compensation numbers till close to the top of this month.)


Skift used the “compensation truly paid” determine that firms reported to the U.S. Securities and Change Fee. This measure captures how a lot executives’ fairness awards modified in worth as paper features and losses.

exterior site of pinwheel lighted fountain display at bellagio resort in las vegas source mgm resorts
Exterior view of pinwheel lighted fountain show on the Bellagio resort in Las Vegas. Supply: MGM Resorts.

MGM Resorts CEO: Invoice Hornbuckle

Hornbuckle’s compensation truly paid final 12 months was $38 million, which was essentially the most he has obtained since he turned CEO in 2020. His second-best 12 months for compensation was in 2021 when he earned round $29.1 million.

Final 12 months, Hornbuckle had a base wage of $2 million. Most of his further monetary windfall got here by way of awards for reaching efficiency objectives.

MGM Resorts loved a glittering efficiency final 12 months. It notched an all-time document for full-year internet income, partly supported by document efficiency on the group’s Las Vegas Strip resorts — together with throughout November when Las Vegas hosted the Formulation 1 Grand Prix.


MGM Resorts additionally signed a licensing and loyalty cope with Marriott Worldwide to create the “MGM Assortment with Marriott Bonvoy,” a set of 16 resorts that can let friends earn factors in each MGM Resorts’ and Marriott’s loyalty packages.

Wynn Resorts CEO: Craig Billings

Craig Billings earned round $17.4 million in pay final 12 months. His base wage was round $1.9 million. The remainder of his compensation got here primarily from awards tied to efficiency objectives, primarily for Wynn Resorts’ gaming enterprise.

Within the U.S., the group owns a number of resorts, together with Wynn Las Vegas and Encore Las Vegas in Nevada, and Encore Boston Harbor in Massachusetts. In Macau, China, properties embrace Wynn Macau, Encore at Wynn Macau, and Wynn Palace. The corporate is growing Wynn Al Marjan Island within the UAE, and has proposed a brand new venture in New York Metropolis.


Las Vegas Sands CEO: Rob Goldstein

Las Vegas Sands CEO Rob Goldstein made round $12.5 million final 12 months.

“We imagine the compensation truly paid to our named government officers in 2023 is justified because of efficiently executing a major restoration in each our Singapore and Macao companies, with Singapore exceeding 2019 outcomes and Macao EBITDA being 70% of 2019 outcomes,” the corporate stated in an annual proxy submitting.

The corporate’s flagship property within the U.S. is The Venetian Resort Las Vegas, which incorporates The Venetian, The Palazzo, and the Sands Expo & Conference Middle.


Lodging Sector Inventory Index Efficiency 12 months-to-Date

What am I taking a look at? The efficiency of accommodations and short-term rental sector shares throughout the ST200. The index consists of firms publicly traded throughout world markets, together with worldwide and regional lodge manufacturers, lodge REITs, lodge administration firms, different lodging, and timeshares.

The Skift Journey 200 (ST200) combines the monetary efficiency of practically 200 journey firms value greater than a trillion {dollars} right into a single quantity. See extra accommodations and short-term rental monetary sector efficiency.


Learn the complete methodology behind the Skift Journey 200.

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