Stephen Cootey new Wynn CFO

Wynn Resorts Ltd’s vice president and treasurer, Stephen Cootey, has been named the company’s new chief financial officer. According to a company regulatory filing, Mr Cootey replaces Matt Maddox, who remains as president. Mr Cootey joined Wynn Resorts earlier this year as vice president and treasurer, two roles he will retain after taking up his CFO duties. Prior to Wynn, Mr Cootey was a senior vice president for Las Vegas Sands Corp. In the first quarter, Wynn profits rose to US$1.51 billion, up 9.8 percent from a year earlier. The majority of this growth, the company said, was driven by its Macau property. The company’s latest project is a US$4 billion resort in Cotai named Wynn Palace, which is slated to open in less than two years.