Matt Maddox, CEO of Wynn Resorts, is leaving the company on 31 January 2022.
The exec will remain on the Wynn Macau and Wynn Interactive Boards through the end of 2022; this decision was taken after a unanimous request by the Board of Directors.
Craig Billings, Wynn Interactive CEO, has been unanimously selected by the Board to replace Madox’s role as CEO, starting with 1 February 2022.
Maddox said: “This has not been an easy decision. I am leaving a company that I love and that’s full of people I admire. But I believe now is the right time for me and for the business.
"I am grateful to the Board for their faith in me and the support and insight they have offered me as CEO. I am very pleased with the Board’s decision and know I am leaving Wynn Resorts in great hands with Craig, as well as the entire management team.”
Billings joined Wynn Resorts as CFO in March 2017 and also served as President of the company. He has been a board member of Wynn Macau since August 2018.
Billings has leadership experience and a history of innovation in the gaming industry, both domestically and internationally.
He has served in executive and board positions at Goldman Sachs, Aristocrat Leisure, NYX Gaming Group and IGT.
Billings commented: “Having worked so closely with Matt and the Board, I appreciate the confidence they have placed in me and look forward to building upon the legacy of excellence we’ve established.”
