Inside Asian Gaming

IAG NOV 2019年11月亞博匯 64 2019 POWER 50 IF there is one positive Matt Maddox can take out of his first two years in charge of Wynn Resorts it’s that things can only get better from here. Since stepping into the breach after company founder Steve Wynn stepped down in February 2018 amid allegations of sexual harassment, Maddox has led the company through multiple lawsuits, a campaign by its largest shareholder against various members of the board, questions over its corporate culture and two separate regulatory investigations into the company’s suitability to hold state gaming licenses. But finally there is more than a little light at the end of the tunnel. At a corporate level, the Wynn Resorts board bears little resemblance to the one accused of turning the other cheek to the indiscretions of its founder, with former Harrah’s boss Phil Satre the new Chairman and four of its nine members now female. Discussing Wynn Resorts’ culture, Satre commented earlier this year that he had “never seen a company respond so quickly and decisively to adversity as this one,” adding he was “confident we have found our way and excited about the future.” Maddox also deserves credit for putting an end to long-running legal battles last year at a time when further negative publicity was the last thing the company needed. They included the decision by Wynn Resorts to drop all claims against Kazuo Okada stemming from his 2012 dismissal from the board, and a US$2.6 billion settlement agreement with Okada’s former companies, Aruze USA and Universal Entertainment, relating to the forced redemption of their shares. MATT MADDOX DIRECTOR AND CEO Wynn Resorts CEO AND EXECUTIVE DIRECTOR Wynn Macau 馬德承 董事兼行政總裁 永利渡假村 行政總裁兼執行董事 永利澳門 CLAIMS TO FAME • Has overseen a refreshing of the Wynn Resorts board following Steve Wynn’s departure • Long-time Wynn Resorts servant, having joined the company in 2002 名成事跡 • 自史提芬・永利離任永利渡假村後，他監督董事會重整 • 永利渡假村的資深管理層，於2002年加入公司 9 POWER SCORE 權能指數 : 2,336 POSITION LAST YEAR 去年排名 : 11