Matt Maddox, who was installed as CEO of Wynn Resorts in February 2018 following the resignation of company founder Steve Wynn amid allegations of sexual misconduct, announced that he will be leaving the company effective January 31, 2022. According to the operator, Maddox has agreed to remain on the Wynn Macau Limited and Wynn Interactive Limited boards through the end of 2022 following a unanimous request by the board.
The board unanimously selected Craig Billings, Wynn Resorts president and CFO and CEO of Wynn Interactive, to replace Maddox as company CEO effective February 1.
Maddox has spent the past two years guiding Wynn Resorts through the Covid-19 pandemic. He made the decision to pay all employees through last year’s shutdown of operations. He has been with Wynn Resorts for two decades. He led Wynn Resorts through its most difficult period, following the resignation of the company’ founder, followed by the pandemic.
During Maddox’s tenure as CEO, he successfully rebuilt the company’s culture and reestablished Wynn Resorts as one of the world’s leading luxury brands. Wynn Resorts was recently recognized by Forbes Travel Guide as being the highest-ranked luxury hotel brand in the world. The Las Vegas resort won the “Best Place to Work” accreditation.
Billings joined Wynn Resorts as CFO in March 2017. He has been a board member of Wynn Macau Limited since August 2018. Billings has a history of leadership and innovation in the gaming industry, both domestically and internationally. He has held executive and board positions at Goldman Sachs, where he covered the industry globally, Aristocrat Leisure Limited, NYX Gaming Group, and International Game Technology.
Prior to joining Wynn Resorts, Billings honed a global perspective with senior executive positions in both Australia and the United Kingdom during his time as chief digital officer and managing director of strategy and business development at Aristocrat Leisure Limited. He is also the lead independent director and Audit Committee chair for Applovin Corp.