Craig S. Billings is the CEO of Wynn Resorts, a leading name in the hospitality and gaming industry. He has a background in finance, holding a Bachelor’s degree in Accounting from the University of Nevada, Las Vegas. Craig's journey in the gaming world began as Chief Financial Officer of Wynn Resorts in 2017. He became the CEO in February 2022 after a smooth transition from his role as President. Under his leadership, Wynn has not only rebounded from pandemic challenges but has also strategically expanded into new markets, including a casino resort in the UAE. Interesting fact: in 2023, Craig’s total compensation reached around $16.15 million, highlighting the company's focus on performance-based pay. He’s been active in managing insider trading, with notable holdings reaching up to $32 million in stock by 2024. Craig also emphasizes diversity, with his executive team being 67% diverse by gender. Simply put, Craig is steering Wynn Resorts into a new era, adapting to market demands while maintaining the company's high standards.

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Craig S. Billings

CEO of Wynn Resorts

Education

Bachelor's degree in Accounting from the University of Nevada, Las Vegas

Field of Expertise

Finance & Banking - Finance

Sector of Economy

Consumer Cyclical

Born

June 24, 1975 - 49 years ago

CEO of Wynn Resorts for

3 years 4 months (Feb 2022 - Present)

Previous Experience

Chief Financial Officer of Wynn Resorts, Limited; President of Wynn Resorts, Limited

Rivals

Competitors/colleagues of Craig S. Billings

Robert G. Goldstein

CEO of Las Vegas Sands

2023 Compensation

Stock

$11.21M

Salary

$3.00M

Bonus

$6.90M

Other

$2.29M

Total Holdings

$5.63M

Patrick S. Pacious

CEO of Choice Hotels International

2022 Compensation

Stock

$0.00

Salary

$1.13M

Bonus

$0.00

Other

$251.87K

Total Holdings

$53.64M

Jason Robins

Founder and CEO of DraftKings Inc.

2023 Compensation

Stock

$300.00K

Salary

$500.00K

Bonus

$200.00K

Other

$150.00K

Total Holdings

$27.71M

Keith E. Smith

CEO of Boyd Gaming

2023 Compensation

Stock

$16.70M

Salary

$1.55M

Bonus

$0.00

Other

$26.16K

Total Holdings

$72.48M

William Hornbuckle

CEO of MGM Resorts International

2023 Compensation

Stock

$4.50M

Salary

$2.00M

Bonus

$0.00

Other

$228.88K

Total Holdings

$19.84M

Robert A. Iger

CEO of Walt Disney

2020 Compensation

Stock

$0.00

Salary

$3.00M

Bonus

$0.00

Other

$1.78M

Total Holdings

$63.39M

Holdings

See how much did Craig S. Billings make over time.

Craig S. Billings holds a significant amount of stock in Wynn Resorts. In the past few years, his holdings fluctuated, reaching impressive peaks. In January 2023, his stock was valued at around $24.76 million, increasing to $28.51 million by February. By March of that year, it reached approximately $28.32 million. His holdings continued to fluctuate, not dropping below $21.92 million by December 2023. This shows a strong confidence in the company's direction, especially as he had over $32 million in stock by February 2024. Craig’s wealth in stock demonstrates his alignment with shareholder interests, echoing the performance-driven culture of Wynn.”,

Total Stock Sold

$10.24M

WYNN

$9.20M

90,073 WYNN shares

APP

$1.03M

16,514 APP shares

What if they kept their stock?

If Craig S. Billings didn't sell their stock, today they would have:
Extra WYNN90,073 shares worth $8.59M and APP16,514 shares worth $1.08M.
This is -5.56% and $569.48K less than what they got when they sold the stock.

Charitable Transactions

APP

1,780 shares

APP

WYNN

63,953 shares

WYNN

Recent Charitable Transactions

WYNN

60,000 shares

WYNN

Sep 11, 2024

Charity

APP

1,780 shares

APP

May 13, 2024

Charity

WYNN

1,453 shares

WYNN

Nov 28, 2023

Charity

WYNN

2,500 shares

WYNN

May 13, 2021

Charity

Insider Trading

See recent insider trades of Craig S. Billings.

WYNN

60,000 shares

WYNN

Sep 11, 2024

Charity

WYNN

60,000 shares

WYNN

Sep 11, 2024

Charity

APP

2,987 shares

APP

Jun 5, 2024

Received

APP

1,780 shares

APP

May 13, 2024

Charity

APP

$477.53K

APP at $84.97/share

May 13, 2024

Sale

APP

$323.73K

APP at $58.33/share

Feb 20, 2024

Sale

WYNN

$2.08M

WYNN at $108.00/share

Feb 8, 2024

Sale

WYNN

$1.24M

WYNN at $94.04/share

Jan 11, 2024

Sale

WYNN

$1.09M

WYNN at $95.26/share

Jan 9, 2024

Sale

WYNN

93,430 shares

WYNN

Jan 9, 2024

Received

Compensation History

See how much did Craig S. Billings make over time.

In 2023, Craig S. Billings's compensation was reported at approximately $16.15 million, which consists of salary, stock awards, and bonuses. His base salary was $1.9 million, and he also received a bonus of $2.75 million based on performance metrics. This bonus was derived from hitting specific goals set for the year, aligning executive interests with those of shareholders. Notably, his total compensation included significant stock awards valued over $11 million, highlighting a strong performance-based component in his pay structure. Comparatively, previous years saw his pay rising sharply, particularly from $12.22 million in 2022 to his current figure in 2023, reflecting the company’s recovery and growth strategy.

Year

2023

Total Compensation

$19.29M

Salary

$1.90M

Board Justification

The compensation philosophy focuses on aligning executive compensation with long-term shareholder value, with a significant portion of total compensation being at-risk and tied to performance metrics.

Bonus

$2.75M

Board Justification

The annual incentive payout was based on performance against pre-set goals, with a maximum payout of 300% of salary, resulting in a payout of 275% for 2023.

Other

$18.62K

Board Justification

Other compensation includes insurance premiums, tax reimbursements, and 401(k) matching contributions.

Restricted Stock

$14.62M(139.56K restricted stock)

Board Justification

139,559 shares of restricted stock vested due to performance goals being met, with an additional 20,916 PSUs vesting based on performance criteria.

Performance Metrics

Key performance metrics for 2023 included Adjusted Property EBITDAR, market share of gross gaming revenues, and achievement of Forbes Five-Star awards.

Other Wynn Resorts CEOs

Here are other CEOs of Wynn Resorts

Matt Maddox

Ex-CEO of Wynn Resorts

February 2018 - January 2022