• Subscribe
  • Magazines
  • About
  • Contact
  • Advertise
Monday 19 May 2025
  • zh-hant 中文
  • ja 日本語
  • en English
IAG
Advertisement
  • Newsfeed
  • Mag Articles
  • Video
  • Opinion
  • Tags
  • Regional
    • Africa
    • Australia
    • Cambodia
    • China
    • CNMI
    • Europe
    • Hong Kong
    • India
    • Japan
    • Laos
    • Latin America
    • Malaysia
    • Macau
    • Nepal
    • New Zealand
    • North America
    • North Korea
    • Philippines
    • Russia
    • Singapore
    • South Korea
    • Sri Lanka
    • Thailand
    • UAE
    • Vietnam
  • Events
  • Contributors
  • SUBSCRIBE FREE
  • 中文
  • 日本語
No Result
View All Result
IAG
  • Newsfeed
  • Mag Articles
  • Video
  • Opinion
  • Tags
  • Regional
    • Africa
    • Australia
    • Cambodia
    • China
    • CNMI
    • Europe
    • Hong Kong
    • India
    • Japan
    • Laos
    • Latin America
    • Malaysia
    • Macau
    • Nepal
    • New Zealand
    • North America
    • North Korea
    • Philippines
    • Russia
    • Singapore
    • South Korea
    • Sri Lanka
    • Thailand
    • UAE
    • Vietnam
  • Events
  • Contributors
  • SUBSCRIBE FREE
  • 中文
  • 日本語
No Result
View All Result
IAG
No Result
View All Result

Matt Maddox to depart Wynn Resorts in 2022, Craig Billings named new CEO

Ben Blaschke by Ben Blaschke
Wed 10 Nov 2021 at 05:37
Matt Maddox to depart Wynn Resorts in 2022, Craig Billings named new CEO

Matt Maddox

100
SHARES
2.5k
VIEWS
Print Friendly, PDF & Email

Matt Maddox has announced plans to step down as Wynn Resorts CEO in 2022, to be replaced by current Wynn Interactive CEO Craig Billings.

Maddox will vacate the top job on 31 January 2022 although he will remain on the Board of Directors of both Wynn Macau Ltd and Wynn Interactive Ltd until the end of 2022 following a request from his fellow directors.

Billings, the former Wynn Resorts President and CFO who was only recently appointed to lead the company’s interactive arm, will officially become as Wynn Resorts CEO on 1 February 2022.

The departure of Maddox comes less than four years after he was first appointed CEO in February 2018 and tasked with rebuilding the company’s brand and reputation following the departure of founder Steve Wynn amid allegations of sexual misconduct. He achieved that and more, but has since spent the past two years navigating Wynn Resorts through the COVID-19 pandemic – a battle that continues to this day.

“This has not been an easy decision,” Maddox said. “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.

“The last four years have been challenging but extremely rewarding, and I am incredibly proud that we accomplished so much. We quickly resolved litigation that had distracted the company for seven years. We reorganized the company’s leadership team and focused on our 28,000 employees, rebuilding and strengthening our powerful culture to focus on a common purpose: create and deliver the best guest experiences.

“We led the industry with our response to the pandemic; many other industries looked to us for advice, guidance, and leadership as a result. I knew our biggest asset is our people, which is why we paid them throughout the shut down and why our culture has never been stronger. That investment is now paying off as Wynn Las Vegas and Encore Boston Harbor are generating more profit and market share since we opened our resorts, all while maintaining five-star service levels. I also look forward to serving on the Wynn Macau Board throughout 2022 to assist with the concession renewal and help solidify our place as the premium operator in the region.”

Billings joined Wynn Resorts as CFO in March 2017 and has been a board member of Wynn Macau Ltd since August 2018, having previously held executive and board positions with Aristocrat Leisure Limited, NYX Gaming Group, IGT and Goldman Sachs.

“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,” Billings said.

RelatedPosts

Everi which way

Everi revenues down 4% to US$181 million in 1Q25 on decline in gaming business

Thu 15 May 2025 at 06:29
IGT reveals amendments to revolving credit facility and term loan agreements

Now a pure lottery play, IGT reports significant declines in revenue and profit in 1Q25

Wed 14 May 2025 at 05:23
MGM Resorts names talent agent Ryan Abboushi as President of Entertainment

MGM Resorts names talent agent Ryan Abboushi as President of Entertainment

Tue 13 May 2025 at 05:18
MGM’s Hornbuckle bullish on “unique” Macau as China stimulus uncertainty sees gaming stocks dive

MGM’s Bill Hornbuckle extends employment contract through end-2028

Fri 9 May 2025 at 06:34
Load More
Tags: Craig BillingsMatt MaddoxNorth AmericaSteve WynnWynn MacauWynn Resorts
Share40Share7
Ben Blaschke

Ben Blaschke

A former sports journalist in Sydney, Australia, Ben has been Managing Editor of Inside Asian Gaming since early 2016. He played a leading role in developing and launching IAG Breakfast Briefing in April 2017 and oversees as well as being a key contributor to all of IAG’s editorial pursuits.

Current Issue

Editorial – Knife’s edge

Editorial – Knife’s edge

by Andrew W Scott and Ben Blaschke
Tue 29 Apr 2025 at 15:14

Thailand’s Entertainment Complex journey is at a critical point, with the success or failure of the initiative to be determined...

The changing face of Macau

The changing face of Macau

by Ben Blaschke
Tue 29 Apr 2025 at 15:09

Inside Asian Gaming takes a deep dive into the new, post-COVID Macau where a revenue environment that seems to be...

Born again

Born again

by Pierce Chan
Tue 29 Apr 2025 at 14:47

Premiering in September 2010 at City of Dreams, The House of Dancing Water was a visionary creation by artistic maestro...

Richard Howarth – Testing the limits

Richard Howarth – Testing the limits

by Ben Blaschke
Tue 29 Apr 2025 at 13:17

Richard Howarth, Chief Business Officer APAC for global testing laboratory GLI, discusses his career journey and his passion for fast-paced...

Evolution Asia
Aristocrat
GLI
Mindslot
Solaire
Hann
Tecnet
Nustar
Jumbo

Related Posts

Southern Son

Newport World Resorts bucks Manila gaming trend as revenue, profit up sharply in 1Q25

by Ben Blaschke
Fri 16 May 2025 at 16:00

Travellers International Hotel Group Inc, the operating entity of Manila’s Newport World Resorts (NWR), said Adjusted EBITDA rose by 42% year-on-year to Php2.1 billion (US$37.7 million) in the first three months of 2025, underpinned by gaming revenue growth and “intensified...

Vietnam’s The Grand Ho Tram breaks ground on US$1 billion expansion, says government talks ongoing over “growth drivers”

Vietnam’s The Grand Ho Tram breaks ground on US$1 billion expansion, says government talks ongoing over “growth drivers”

by Ben Blaschke
Fri 16 May 2025 at 06:08

Vietnam’s The Grand Ho Tram broke ground Thursday on a new 35-hectare development that will, when complete, add a new five-star hotel complex, luxury resort villas, entertainment amenities and an international convention and exhibition center to its existing offering. The...

Fund established to support Nick Niglio family; memorial video released

Fund established to support Nick Niglio family; memorial video released

by Newsdesk
Fri 16 May 2025 at 05:05

After a recent visit to Ho Chi Minh City in Vietnam by Danny Tang and Andrew W Scott, both friends of the late Mr Nick Niglio, a fund has been established to support Nick’s family. As readers may be aware,...

Sub-concessions axed, license terms amended as Macau government reveals draft revisions to gaming law

Macau gaming tax down 3.9% in April to US$944 million

by Pierce Chan
Fri 16 May 2025 at 04:48

According to data released by Macau’s Financial Services Bureau, the Macau government's revenue from gaming taxes in April was approximately MOP$7.6 billion (US$944 million), a decrease of approximately 3.9% month-on-month. The April tax figure correlates to Macau’s gross gaming revenues for...



IAG

© 2005-2024
Inside Asian Gaming.
All rights reserved.

  • SUBSCRIBE FREE
  • NEWSFEED
  • MAG ARTICLES
  • VIDEO
  • OPINION
  • TAGS
  • REGIONAL
  • EVENTS
  • CONSULTING
  • CONTRIBUTORS
  • MAGAZINES
  • ABOUT
  • CONTACT
  • ADVERTISE
  • 中文
  • 日本語

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

No Result
View All Result
  • 中文
  • 日本語
  • Subscribe
  • Newsfeed
  • Mag Articles
  • Video
  • Opinion
  • Tags
  • Regional
  • Events
  • Contributors
  • Magazines
  • Advertise
  • Contact
  • About
  • Home for G2E Asia

© 2005-2024
Inside Asian Gaming.
All rights reserved.

  • 中文
  • English
  • 日本語