U.S. casino operator Wynn Resorts has appointed its CFO, Craig S. Billings to president and CFO of the company, effective May 29, 2019.
Mr. Billings, aged 46, has served as the company CFO since March 2017.
His new appointment will see his annual base salary increased from $875,000 to $1.2 million.
Before his time at Wynn Resorts, Mr. Billings was the chief digital officer at Aristocrat Leisure in Australia. He was also previously Vice President in the Investment Banking Division of Goldman Sachs in both New York and London, covering the gaming industry.
Gaming suppliers, like all areas of the industry, have felt the pinch from the Covid-19 crisis, though their growing digital businesses have proved a bright spot and helped offset the impact of the crisis.
Consolidation of the bases and advancement in adversity was the thrust of Macau Chief Executive’s policy address for 2021, though it gave little away when it came to the current pillar of the economy - the gaming industry.
While nowhere in the world has escaped the economic fallout from the Covid-19 crisis, Macau has been hit harder than most, with forecasts for gross domestic product to shrink more than 50 percent this year.