Julie Cameron-Doe
Wynn Resorts Announces Reduction of WynnBET Markets
Wynn Resorts Limited announced its decision to close its online sports betting and iGaming platform, WynnBET, in certain jurisdictions.
“In light of the continued requirement for outsized marketing spend through user acquisition and promotions in online sports betting, we believe there are higher and better uses of capital deployment for Wynn Resorts shareholders,” Julie Cameron-Doe, Chief Financial Officer of Wynn Resorts, said.
“While we believe in the long-term prospects of iGaming, the dearth of iGaming legislation and the presence of numerous other investment opportunities available to us around the globe have led us to the decision to curtail our capital investment in WynnBET to focus primarily on those states where we maintain a physical presence,” she continued.
Working with its regulators and patrons, the Company will seek to cease operations in Arizona, Colorado, Indiana, Louisiana, New Jersey, Tennessee, Virginia, and West Virginia as soon as possible. Operations in Nevada and Massachusetts will continue unaffected and operations in New York and Michigan remain under review.
Wynn Resorts Limited has announced that it will appoint Julie Cameron-Doe as its new Chief Financial Officer, effective in the second quarter of 2022 on completion of her notice period with her current employer. Ms. Cameron-Doe will succeed Craig Billings, who will become the Company’s CEO early next year.
“Julie is a proven leader and is a sitting public company CFO. Coming from the gaming industry, she understands many aspects of our business and she has diverse international experience. She is the clear choice for this position and her appointment rounds out our senior executive team. We are indeed fortunate to have her join us next year,” Craig Billings said.
Ms. Cameron-Doe will join Wynn Resorts from Aristocrat Leisure Ltd where she has served as Chief Financial Officer since 2018. She will bring a wealth of diverse financial experience to Wynn, having held senior finance roles at Aristocrat since 2013 as well as in global businesses, including Orbitz, The Walt Disney Company, and KPMG.
“To me, Wynn Resorts represents the gold standard in resort companies. The opportunity to work alongside Craig and the team, building on their legacy of excellence, is incredibly exciting. I look forward to contributing to the company’s growth and future development,” Julie Cameron-Doe said.
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