May 09, 2023 - NEW YORK --(BUSINESS WIRE)--MidOcean Partners (“MidOcean”), a premier New York-based alternative asset manager specializing in middle-market private equity and alternative credit investments, today announced that Matt Maddox, former Chief Executive Officer of Wynn Resorts, has joined the Executive Board of the firm. In this role, Mr. Maddox will leverage his more than two decades of executive and business transformation experience in the hospitality and gaming industries to serve as a value-additive partner to the MidOcean team and MidOcean’s portfolio companies.
Erik Oken, Chairman of MidOcean’s Private Equity business, said, “Matt is a widely-recognized leader in the hospitality and gaming industries whose significant experience working with boards and management teams to strategically scale businesses, implement best-in-class operations, and ensure the highest level of employee engagement and customer experience will be a tremendous resource to the entire MidOcean platform. We are excited to welcome him to MidOcean as we seek to continue to build value across our portfolio.”
Mr. Maddox added, “I have long admired MidOcean for its deep sector expertise and commitment to transforming companies through collaborative partnerships with founders and management teams. I look forward to bringing my hospitality sector experience to MidOcean’s high-quality portfolio companies.”
Mr. Maddox brings more than 25 years of experience across hospitality, business operations, and corporate finance to MidOcean. One of Wynn Resorts’ first employees, Mr. Maddox joined the company when it was founded in 2002 as Treasurer and Vice President of Investor Relations. In 2003, he was the first Wynn employee to move to Macau as the Chief Financial Officer of Wynn Resorts Macau, known as one of the most successful integrated resorts ever created and the only resort in the world with eight Forbes Five Star awards. He later served as Chief Financial Officer of Wynn Resorts and President of Wynn Resorts before assuming the role of Chief Executive Officer of Wynn Resorts in 2018. Under Mr. Maddox’s management, Wynn Resorts transitioned from a founder-led enterprise to an exemplary global public company, successfully opened the Encore Boston Harbor, and invested more than $500 million in Wynn Las Vegas, significantly increasing both gaming and non-gaming market share as CEO. Mr. Maddox spent his early career as an investment banker at Bank of America before working in corporate finance at Park Place Entertainment, which later became known as Caesars Entertainment. Mr. Maddox earned a Finance degree from Southern Methodist University.