Twelve months to the day since being tapped to lead Wynn Resorts, Matt Maddox — the company’s former chief financial officer and Steve Wynn protege — has helped stabilize the casino operator through quick decisive steps and compromises, analysts said.
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Nevada’s largest casinos lost $1.2 billion during the fiscal year that ended June 30 despite seeing record revenues, bringing to an end a two-year streak of posted profits.