Wynn Resorts has extended the employment contract of its CEO, Craig Billings, by a further four years, taking him through until at least 1 June 2027, it said in a filing on Friday.

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The amended employment agreement will also provide an increase to his annual base salary, from US$1.8 million to US$2 million, plus an increase to his annual target bonus from no less than 200% to no less than 250% of his annual base salary, and an increase in the target value of his annual equity grant of restricted stock from 375% to 410% of his annual base salary.

Billings, previously the company’s Chief Financial Officer, had originally inked a 16-month deal after taking over from former CEO Matt Maddox in January 2022. He is also CEO of Wynn Macau.