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Billings Takes Over Financial Reins At Wynn Resorts

Wynn Resorts New CFO

Wynn Resorts might not be alone in the US gambling news of a change in personnel might galvanize certain departments to shape up a bit, but as Steve Wynn himself drags away talent to sort out the Republican Party finances, can their new CFO keep the ship on course?

Wynn Resorts have ditched their CFO Stephen Cootey claiming he’s off to “pursue other interests”, which these days probably means he’s got a minor position in the treasury of Trump, and replaced him with an experienced, talented and professional replacement who just happens to have the most suitable name for the position.

Craig Billings took over on March 1st at a starting salary of $750,000 (oh how the other half live) having enjoyed a lively career thus far that has seen him work as a member of Goldman Sachs investment banking division, Aristocrat Leisure Ltd as managing director of Strategy & Business development, and more recently as a director of NYX Gaming Group.

Wynn Resorts Under Pressure From Bet365 Online?

“Mr Cootey’s decision to resign was not a result of any diagressment with the company relating to it’s operations, policies or practices.” Said Wynn Resorts in their SEC filing, almost guaranteeing that in reality it was precisely that (on the basis one should never believe anything until it is officially denied).

“Mr Billings is a highly respected veteran of both the gaming and banking industries,” Wynn Resorts said in a statement, “and brings extensive experience in business innovation to the company.” Which perhaps belies just how much a relaxation of US gambling laws has put them under pressure to evolve.

With stiff competition from rival casinos and the ever growing ubiquity of big players like Bet365 online Wynn Resorts is hoping their Boston Harbor casino project will cement a piece of the North East US market, but will that be enough to stave off the incoming tide as their lord and master runs around dealing with RNC finances?

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