Press release
Wynn Resorts Board of Directors Extends CEO Matt Maddox's Contract Through 2022
LAS VEGAS, Dec. 17, 2019 /PRNewswire/ -- The Wynn Resorts Board of Directors announced today that it has unanimously agreed to extend Matt Maddox's contract
About this update from Wynn Resorts, Limited
[{"type":"text","content":"LAS VEGAS, Dec. 17, 2019 /PRNewswire/ -- The Wynn Resorts Board of Directors announced today that it has unanimously agreed to extend Matt Maddox's contract as Chief Executive Officer through 2022. Mr. Maddox became the Company's Chief Executive in early 2018. \n\n \n\"Matt Maddox successfully navigated the Company through its most difficult and challenging circumstances. He has rebuilt a solid strategic plan and capital foundation which now positions Wynn Resorts to enjoy what the Board of Directors and I believe will be a period of remarkable growth and success,\" said Wynn Resorts Chairman of the Board Philip G. Satre. \n\"This year alone, Matt and his team successfully opened Encore Boston Harbor, reinvigorated Wynn Macau with a full renovation, completed the expansion of the Wynn Las Vegas convention center and solidified our creative expansion plans for Wynn Palace in Macau which provides us with an enviable pipeline for growth and innovation.\"\nMatt Maddox said, \"No one person is singularly responsible for the success of any enterprise. I deeply appreciate the support the Board has demonstrated both for me personally, and the Wynn team collectively. I feel strongly that the future of Wynn Resorts has never been so bright.\"\nThe details of the agreement are included in a Form 8-K filed on December 17. \nAbout Wynn ResortsWynn Resorts, Limited (Nasdaq: WYNN) is traded on the Nasdaq Global Select Market under the ticker symbol WYNN and is part of the S&P 500 Index. Wynn Resorts owns and operates Wynn Las Vegas (wynnlasvegas.com), Encore Boston Harbor (encorebostonharbor.com), Wynn Macau (wynnmacau.com), and Wynn Palace, Cotai (wynnpalace.com).\nWynn and Encore Las Vegas feature two luxury hotel towers with a total of 4,748 spacious hotel rooms, suites and villas, approximately 192,000 square feet of casino space, 22 dining experiences featuring signature chefs and 11 bars, two award-winning spas, approximately 290,000 square feet of meeting and convention space, approximately 160,000 square feet of retail space as well as two showrooms; two nightclubs, a beach club and recreation and leisure facilities. Wynn Las Vegas recently unveiled the new Wynn Golf Club and 18-hole, 129-acre championship golf course, and in February 2020 will debut a 430,000-square-foot meeting and convention space expansion powered by 100 percen...