Following Tuesday's resignation of casino mogul Steve Wynn amid accusations of sexual misconduct, a native Arkansan is now chief executive of Wynn’s $17 billion global enterprise.
Mena native Matthew Maddox has worked for Wynn Resorts Ltd. since 2002, eventually serving as chief financial officer and president. The company’s board of directors named the 42-year-old Maddox CEO late Tuesday following Wynn’s resignation.
Wynn is accused of coercing waitresses to have sexual relations with himself and high-stakes gamblers at his Las Vegas Mirage casino. The Las Vegas Review-Journal began investigating Wynn's misconduct as early as 1998, but allegations did not surface until a Jan. 28 Wall Street Journal article. Wynn stepped down as finance chairman of the Republican National Committee a day after the story was published.
Wynn Resorts operates five properties in Las Vegas and Macau, and is developing a $2.4 billion casino currently under construction near Boston. Gaming regulators in Nevada and Massachusetts say they will conduct investigations into possible undisclosed settlements by Wynn to accusers. A Wynn Resorts shareholder has also filed a lawsuit against Wynn and the company's board of directors for allowing the misconduct to happen.
Maddox is a graduate of Southern Methodist University in Dallas, and worked for Bank of America and Park Place Entertainment before joining Wynn Resorts.