Mena native Matthew Maddox named to lead Wynn Resorts | Arkansas Blog

Wednesday, February 7, 2018

Mena native Matthew Maddox named to lead Wynn Resorts

Posted By on Wed, Feb 7, 2018 at 10:03 AM

click to enlarge MENA NATIVE: Matthew Maddox - LAS VEGAS REVIEW JOURNAL
  • Las Vegas Review Journal
  • MENA NATIVE: Matthew Maddox
Matthew Maddox, a Mena native, is the new CEO of Wynn Resorts Ltd., a $17 billion worldwide gambling operation where he's long been a top aide to Wynn.

Wynn resigned the position amid new reporting on allegations of sexual abuse of casino employees=. The allegations pose a threat to Wynn casino licenses.  From the Las Vegas Review Journal:

Matthew Maddox, one of the longest-serving executives at Wynn Resorts Ltd., has replaced Steve Wynn as chief executive officer, capping a career rise from small-town Arkansas to leader of a $17 billion global gaming giant.

Maddox, 42, joined Wynn Resorts in 2002, when Steve Wynn began rebuilding his casino empire from scratch. Maddox rose through the company’s ranks, working in Macau, then as chief financial officer and finally as president since November 2013.
Maddox is the grandson of long-time Arkansas legislator Ode Maddox and brother of the current state representative from Mena, John Maddox. He worked for Caesars Entertainment and Bank of America before going to work for a Wynn subsidiary. According to press accounts, he made as much as $17.7 million as CFO for Wynn Resorts as early as 2008. His listed pay in financial disclosure is $1.5 million, but that doesn't include stock options.

Maddox finished at the top of his class at Mena High in 1994 and studied finance at SMU, where the business college is named for a philanthropist who also had Mena roots, Edwin Cox, who made a fortune in oil and gas in Texas.

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