Wynn Resorts promotes Craig Billings to president

Jun 05, 2019 Newsdesk Industry Talk, Latest News  

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U.S.-based casino operator Wynn Resorts Ltd has appointed company executive Craig Billings to the post of president, it said in a company filing issued on Tuesday.

Mr Billings retains the posts of chief financial officer, to which he was appointed in March 2017.

Wynn Resorts is the parent company of Macau casino operator Wynn Macau Ltd. Mr Billings has been a non-executive director of the Macau subsidiary since August last year.

Mr Billings’ work experience includes spells at casino equipment suppliers Aristocrat Leisure Ltd and NYX Gaming Group Ltd (now part of Scientific Games Corp). He was also previously vice president in the investment banking division of Goldman Sachs in both New York and London, covering the gaming industry, according to biographical information posted on Wynn Resorts’ official website.

Mr Billings’ promotion to president includes an increase to his annual base salary from US$875,000 to US$1.2 million, and “an annual target equity grant of restricted stock equal to 180 percent of his base salary,” Wynn Resorts stated in its filing to the U.S. Securities and Exchange Commission.

Wynn Resorts Ltd is one of the groups that is a suitor for an integrated resort licence in Japan’s nascent casino industry.

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