Stock Groups

Wynn Resorts CEO Matt Maddox to step down in January -Breaking


© Reuters. FILE PHOTO – An exterior view of Wynn casino in Las Vegas Nevada. February 7, 2018, U.S. REUTERS/Steve Marcus

(Reuters) – Wynn Resorts Ltd (NASDAQ:) Ltd Chief Economist Matt Maddox will resign at the end January to hand the reins over to Craig Billings. The casino operator announced Tuesday.

Billings joined Wynn Resorts in 2017 as finance chief. He most recently headed Wynn Interactive (72%), which houses the U.S.-based online gambling and gaming businesses.

Billings also will be a member of the board.

Wynn founder Steve Wynn had resigned, and Maddox was appointed to the position of CEO in February 2018, following allegations that Maddox engaged in sexual misconduct.

It was difficult to make this decision. Maddox explained that he is leaving a company he loves and which has many people whose work he admires.

“But, I believe that now is the right moment for me and the business.”

Disclaimer Fusion MediaThis website does not provide accurate and current data. CFDs include stocks, indexes and futures. Prices are provided not by the exchanges. Market makers provide them. Therefore, prices can be inaccurate and differ from actual market prices. These prices should not be used for trading. Fusion Media is not responsible for trading losses that may be incurred as a consequence of the use of this data.

Fusion MediaFusion Media or any other person involved in the website will not be held responsible for any loss or damage resulting from reliance on this information, including charts, buy/sell signals, and data. Trading the financial markets is one of most risky investment options. Please make sure you are fully aware about the costs and risks involved.