Wynn Resorts Ltd. CEO Matt Maddox will focus on non-gaming activities after his departure from the casino operator by the end of January, according to the gaming giant’s chairman of the board of directors Phil Satre.
Maddox “wanted to explore opportunities outside of gaming and now is the right time for him to do that from a career standpoint”, Satre said in a public statement where the outgoing CEO was praised for his performance, namely over the four years he served as top executive.
“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,” Satre underlined referring to the departure of Steve Wynn and the COVID-19 global pandemic.
Wynn Resorts with “strong talent at the top”
Matt Maddox will be leaving Wynn Resorts on January 31, 2022, with CFO Craig Billings to replace him. Craig Billings joined Wynn Resorts in 2017 as CFO and has served as President of the company, as well as CEO of Wynn Interactive.
“Craig Billings has for some time now been considered the person to replace Matt. Our company is indeed fortunate to have such strong talent at the top”, Phil Satre added.