Wynn Resorts announced that Craig Billings will step down as Wynn Resorts Ltd. president and will assume the role of president and chief financial officer of Wynn Interactive Ltd., the business that oversees the company’s sports betting and iGaming offerings.
Billings will remain CFO of Wynn Resorts Ltd., the company said.
The move comes after Wynn recently entered into a definitive agreement with Austerlitz Acquisition Corporation that will see the two combine to create an independent public company, Wynn Interactive, to be listed on the Nasdaq.
Billings has been granted 10,000 shares of Wynn Interactive, which also will reimburse Wynn Resorts for a percentage of his salary, the company said. Billings remains a non-executive director of Wynn Macau Ltd.