Operator News
China – Wynn Macau confirms Craig Billings as new CEO
By Phil - 6 December 2021
Wynn Macau Ltd has confirmed it will appoint Craig Billings as the company’s new CEO when current CEO Matt Maddox resigns early next year.
Mr. Maddox resigned after two decades with Wynn Resorts, most recently as the Company’s Chief Executive Officer where he steered the Company through a very difficult period of time in its history. Mr. Maddox confirmed that he has no disagreement with the Board and there is no matter relating to his Chief Executive Officer resignation, and his Director re-designation that needs to be brought to the attention of the Shareholders or the Stock Exchange. The Board would like to take this opportunity to express its sincere gratitude to Mr. Maddox for his valuable contribution to the company during his tenure of office.
Mr. Maddox will also resign from his positions as director and officer of the company’s subsidiaries, including as the chairman of the board of directors of Wynn Resorts. Subject to the completion of certain Macau regulatory procedures, Mr. Billings will become the chairman of the board of directors of WRM.
Mr. Craig S. Billings, aged 48, was appointed as a non-executive Director of the Company on 17 August 2018. With effect from 1 February 2022, Mr. Billings will become an executive Director and the Chief Executive Officer of the company.
Mr. Billings joined Wynn Resorts as its Chief Financial Officer in March 2017, also served as the President of Wynn Resorts, and most recently has served as the Chief Executive Officer of Wynn Interactive, Ltd. Mr. Billings has been a board member of the Company since August 2018. Mr. Billings has a history of leadership and innovation in the gaming industry, both domestically and internationally. He has held executive and board positions at Goldman Sachs, where he covered the industry globally, Aristocrat Leisure Limited, NYX Gaming Group, and International Game Technology.
Prior to joining Wynn Resorts, Mr. Billings honed a global perspective with senior executive positions in both Australia and the United Kingdom during his time as Chief Digital Officer and Managing Director of Strategy and Business Development at Aristocrat Leisure. He is also the Lead Independent Director and Audit Committee Chair for Applovin Corporation. Mr. Billings graduated with a Bachelor of Science (Cum Laude) in Accounting from the University of Nevada, Las Vegas and received an M.B.A. from Columbia Business School, United States. Mr. Billings is a Certified
Public Accountant.
