Raiders consider hiring outgoing Wynn Resorts CEO Maddox as president

Matt Maddox is looking to land a gig outside the gambling industry, where he has spent most of his careerGETTY IMAGES

The Raiders are “weighing the idea” of hiring outgoing Wynn Resorts CEO Matt Maddox to be their next president, according to sources cited by Kosman & Moynihan of the N.Y. POST. Maddox in November said he will resign as CEO of Wynn Resorts effective Jan. 31, with Wynn officials explaining that Maddox was “looking to land a gig outside the gambling industry,” where he has spent most of his career. Former Raiders President Marc Badain resigned in July after Owner Mark Davis reportedly “pushed him out,” along with the CFO and controller, after “discovering financial irregularities.” Maddox has a track record of “cleaning up Vegas messes.” He was Steve Wynn’s "right-hand man" for years when in ‘18 he replaced him as Wynn “faced a slew of sexual misconduct charges including a rape allegation." Wynn “maintains his innocence.” At the helm of Wynn Resorts, Maddox has been “credited with keeping the casino giant a premier destination” and with opening a Boston-area casino "despite scrutiny from the Massachusetts gaming commission." Still, some insiders argue that the Raiders could “offer him a high-profile chance” to become an “even higher-profile Las Vegas mogul” (N.Y. POST, 1/5).

SBJ Spotlight: TikTok’s threat to traditional sports media

While tech companies are consumed with finding ways to compete with TikTok, almost no one in conventional media “spends any time talking about it,” said Recode senior correspondent Peter Kafka in an Spotlight interview with SBJ’s John Ourand. “To me, that’s just an obvious disconnect.” Kafka authored a recent column headlined, “It’s TikTok’s world. Can TV live in it?” He said the main response to TikTok’s growth from traditional media execs has been to “punt and hope it’s someone else’s problem a quarter from now or two years from now.” But Kafka said that ignores the trend of conventional broadcast audiences growing older while a billion younger consumers spend most of their media time watching short video after short video. “If you’re in the business of getting anyone under the age of 30 to look at what you’re putting on a screen, you have to think about the fact that you’re probably asking them to put down TikTok and watch your thing instead,” said Kafka. “That’s a very difficult ask. … [TikTok] is insanely addictive.”

SBJ Morning Buzzcast: June 29, 2022

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