Craig Billings, who has recently been appointed Chief Executive Officer of Wynn Resorts, will take on the same position at the company’s Macau-based branch. Billing is set to assume the post on February 1, 2022, the same day he becomes Wynn Resorts' CEO.
The new CEO will succeed Matthew Maddox in both positions, following the announcement of his departure last month.
Speaking on Maddox’s departure, Wynn Resorts' Chairman of the Board of Directors, Phil Satre, noted: “As often happens with talented people, they have their own plans. Matt has been with the company for 20 years and is 46 years old; any future contract extension would have bound him to the company until he was in his 50s. Matt wants to explore opportunities outside of gaming and now is the right time for him to do that from a career standpoint. I commend him for it, even as I regret it.
“Matt led our company through two of the most fundamentally challenging events any executive could possibly expect: the abrupt departure of a founder and a pandemic.”
Wynn Macau is currently a target in a series of government crackdowns that have resulted in the falling of operators’ stocks and the arrest of Alvin Chau, the CEO of Suncity, the region’s largest Junket operator.
This is the second high-profile announcement Wynn has made in recent weeks, with Ian Williams set to take on the role of President at Wynn Interactive. Previously of Churchill Downs, the founder of Thistle Gaming, a real-time sports data distributor, and Leeds Metropolitan University graduate has 17 years of experience as a C-level executive in the US, while also helming positions in the UK and Canada.
