Wynn Resorts’ departing CEO Matt Maddox is planning to explore opportunities outside of gaming, according to Wynn Resorts chairman Philiip G. Sartre in a letter written last Friday. 

Wynn Resorts CEO Matt Maddox is stepping down from the company as of January 31 and will be replaced by Wynn Interactive CEO Craig Billings.

Wynn Resorts CEO Matt Maddox and three other senior executives have agreed to take a 20 percent cut to their base pay for the first three months of the year. From April 1st, normal pay will be restored.

Wynn Macau has submitted the tender for a 10 years gaming concession in Macau, a regulatory filing submitted to the Hong Kong Stock Exchange on Tuesday noted.

Macau’s arrest and detention of Alvin Chau, head of the Suncity Group, is expected to accelerate the demise of the junket industry that helped to create the world’s largest gambling hub.

CBRE Securities has resumed coverage on global gaming stocks, saying it favours Wynn Resorts as a unique contrarian play and a potential special situations opportunity should it put its Macau assets up for sale.

Wynn Resorts has confirmed that Craig Billings will take up his position as CEO and executive director from Feb. 1st next year, taking over from Matt Maddox.

As we now head towards the end of 2021, we're seeing the gradual reopening of the Asia-Pacific region's tourism borders - all thanks to a boost in vaccination rates, and certain countries leading by example.

Wynn Resorts and Austerlitz Acquisition Corporation said they had mutually agreed to terminate a planned merger between Wynn Interactive and Austerlitz Interactive.

As Australia’s gambling authorities ponder how to shake up the country’s regulatory framework, Carly Richardson, general counsel of U.K.-listed Entain, outlines some of the biggest challenges facing companies in meeting their commitments in this area.