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

by Mike Robinson

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© 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.”

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