Press release
MGM Resorts Welcomes Leaders Of IAC To Board Of Directors
Appointment Comes After IAC Makes Significant Investment in MGM LAS VEGAS, Aug. 20, 2020 /PRNewswire/ -- MGM Resorts International (NYSE: MGM) today appointed
About this update from Angi Inc.
[{"type":"text","content":"Appointment Comes After IAC Makes Significant Investment in MGM\n\n\nLAS VEGAS, Aug. 20, 2020 /PRNewswire/ -- MGM Resorts International (NYSE: MGM) today appointed IAC/InterActiveCorp (IAC) (NASDAQ: IAC) leaders, Chairman and Senior Executive Barry Diller and CEO Joey Levin, to the Company's Board of Directors, which is now comprised of 14 members.\n\"We couldn't be more excited to welcome Barry and Joey to our board and to benefit from their collaboration as MGM Resorts continues developing innovative products and elevating our leadership in digital experience,\" said Paul Salem, Chairman of the MGM Resorts Board of Directors. \"IAC's significant investment, expertise and support come at a pivotal time and will play a key role in MGM's strategy to seize emerging opportunities and lead the industry with unparalleled in-person and digital experiences.\"\nIAC recently announced a significant investment in MGM Resorts citing the exciting growth potential of online gaming and sports betting, calling it a \"…unique opportunity … to own a meaningful piece of a preeminent brand in a large category with immense potential to move online.\"\n\"We are excited to collaborate with IAC. We believe that Barry and Joey bring the know how and vision to help us to marry our online and resort-based experiences and build brand loyalty to increase our wallet share in each area. We could not ask for more talented people to bring this expertise to our board room and all of our shareholders will benefit from their presence,\" said Bill Hornbuckle, CEO and President of MGM Resorts. \"Barry and Joey are joining a board of incredibly diverse and talented individuals and this addition brings new skill sets that the entire group will benefit from. The possibilities for growth are significant and we look forward to what the future holds.\"\nBarry Diller is the Chairman and Senior Executive of IAC and the Chairman and Senior Executive of Expedia, Inc. From 1995 to late 2010, Mr. Diller served as the Chairman and the Chief Executive Officer of IAC. Since December 1992, beginning with QVC, Mr. Diller has served as chief executive for a number of predecessor companies engaged in media and interactivity prior to the formation of IAC. From October 1984 to April 1992, Mr. Diller served as Chairman and Chief Executive Officer of Fox, Inc. and was responsible for the...