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The Wall Street Journal: Wynn Resorts CEO to step down; head of digital division to take over

Wynn Resorts Ltd. Chief Executive Matt Maddox will leave the casino operator in January, the company said Tuesday.

Maddox stepped into the CEO role after company founder Steve Wynn resigned in February 2018, amid allegations against Wynn of sexual misconduct. Maddox will remain on the boards of Wynn Macau Ltd. and Wynn Interactive Ltd. through the end of 2022, Wynn Resorts
WYNN,
-0.77%

said.

Maddox will leave the position on Jan. 31. He will be succeeded by Craig Billings, chief executive of Wynn Interactive, the company’s digital division, the company said. Billings has also served as president and chief financial officer of Wynn Resorts, which operates casinos in Las Vegas, in the Boston area and in the Chinese territory of Macau.

Maddox, on a conference call with Wall Street analysts, said he is leaving now because he has accomplished his goals as CEO over the last four years.

An expanded version of this report appears on WSJ.com.

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