Hubert Wang Exits MGM China as Kenneth Feng Takes Over as CEO

MGM China Holdings has announced a senior leadership transition with Hubert Wang stepping down from his role, paving the way for Kenneth Feng to be promoted to Chief Executive Officer. The change comes as the Macau concessionaire continues to navigate a post-pandemic recovery phase while aligning its strategy with evolving market conditions and regulatory expectations. Wang has been closely associated with MGM China’s expansion and operational stabilisation in recent years, making his departure a notable shift for the company.

Kenneth Feng, who has long been part of MGM China’s senior management team, brings extensive experience in finance, operations, and corporate strategy. His promotion is widely seen as an internal succession move aimed at maintaining continuity, particularly as MGM China focuses on strengthening non-gaming offerings, cost discipline, and premium-mass positioning in Macau. Industry observers note that Feng’s background positions him well to manage both regulatory engagement and long-term capital planning at a time when Macau operators are under pressure to diversify revenue streams.

The leadership change has drawn attention across the regional gaming sector, with analysts suggesting it reflects a broader trend among Macau concessionaires to elevate executives with deep institutional knowledge rather than bringing in external hires. MGM China’s parent, MGM Resorts International, has previously emphasised stability and localisation of leadership in Asia, and Feng’s appointment appears consistent with that approach as the company prepares for the next phase of growth under Macau’s new concession framework.