Leadership Changes: MGM China Names Kenneth Feng As CEO

MGM China Holdings appointed Kenneth Feng as its new chief executive officer, a position that the 55-year-old officially stepped into at the Macau-focused casino operator on December 19. 

Rich Experience

The longtime executive within MGM China and its parent group will bring in many years of senior management roles.

Before becoming CEO, Feng served as president and executive director of MGM China and as a director of MGM Grand Paradise Limited. He first joined the board as a non-executive director in May 2018, later taking on the roles of president, strategic, and chief financial officer in June 2020, and executive director and president in July 2023. 

Under the company’s rules, he remains subject to retirement by rotation and re-election at annual general meetings.

Feng has been with MGM Resorts International since 2001, working in finance, strategy, operations, and development across the group. 

He became vice president of international operations in 2007, was promoted to senior vice president two years later, and in 2017 advanced to executive VP of MGM International Operations, gaining experience in global expansion and regulatory compliance. His skills will now be extremely valuable as MGM China is navigating Macau’s post-pandemic environment.

Three-Year Position at $1.5M Per Year 

Feng’s contract has been signed for a fixed three-year term, with a base salary set at $1.5 million, along with a discretionary management bonus that will be calculated based on the company’s performance as well as Feng’s personal accomplishments. 

Data from MGM China’s 2024 annual report show Feng earned a total of HKD 24.2 million ($3.1 million) in those 12 months. The amount included his base salary, along with benefits, retirement contributions, share-based payments, and performance incentives. 

The new CEO now holds 2,861,100 share options under the company’s plans.

MGM China has also confirmed a change in the chief operating officer position, with Hubert Wang, who had served as president and COO for 14 years, deciding to step down in order to pursue personal interests. 

His responsibilities will now be taken over by Tian Han, a veteran of the company since before MGM Macau opened in 2007. Han most recently held the role of SVP of gaming operations and strategic marketing.