Wynn Resorts executives Craig Billings and Julie Cameron-Doe have had their contracts extended with an additional pay rise.
Billings, CEO of Wynn Resorts, has had his employment extended for four more years taking him to 1 June 2027 with the company. As part of the contract extension, Billings has also received an 11% pay rise, now earning $2m annually.
Cameron-Doe, CFO at Wynn Resorts, has also had her employment extended until 1 June 2026, seeing a pay rise of 6%, now earning $950,000 annually.
Wynn Resorts owns and operates Wynn Las Vegas, Encore Boston Harbor, Wynn Macau and Wynn Palace, Cotai.
The first quarter of 2023 saw Wynn Resorts report revenue of $1.42bn, a 49% increase year-on-year. Considering the company had a successful Q1 displaying high revenue growth, this is surely factor behind the executive salary increases.
Alongside a successful set of Q1 results, Wynn Resorts was listed among the Top 50 community-minded companies in America for the third year in a row.
Wynn Resorts also announced the details of its new Wynn Al Marjan Island venue, located in Ras Al Khaimah in the United Arab Emirates (UAE) and set to open in 2027. The project is estimated at $3.9bn and will feature 1,500 guest rooms, 24 dining areas, a spa centre, a theatre, an events centre and a shopping esplanade.
Wynn Resorts recently appointed Thomas Schoen as President of its upcoming Wynn Al Marjan Island.
