Wynn Resorts extends Maddox contract

The Wynn Resorts board of directors has unanimously agreed to extend Matt Maddox’s contract as chief executive officer to 2022.

“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.

“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 centre and solidified our creative expansion plans for Wynn Palace in Macau, which provides us with an enviable pipeline for growth and innovation.”

Matt 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.”

The details of the agreement are included in a Form 8-K filed on December 17.