Craig Billings is to take over as CEO of Wynn Macau at the end of next month on the eve of the Year of the Tiger.
Billings, 48, will replace Wynn veteran Matt Maddox, who has been with the US giant for 20 years. Maddox stated he resigned to pursue other career interests, believed to be outside the sphere of gaming, but will stay on as a non-executive director until the end of 2022.
Billings took over as Wynn’s CFO in 2017, and joined the board the following year. His new appointment will be for three years initially.
He will take up the reins at a challenging time for Wynn Macau, which last month suffered a setback when the High Court ruled it was jointly responsible for the debts of VIP rooms on its premises, and is now understood to be closing those rooms, which were previously a major source of revenue.