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MGM appoints InterActiveCorp leadership to board


MGM Resorts International has appointed a number of executives from online media giant InterActiveCorp (IAC) to its board of directors.

IAC chairman and senior executive Barry Diller and chief executive Joey Levin will both join the MGM board, which will now consist of 14 members.

The double appointment comes after IAC recently committed to a significant investment in the operator, acquiring a 12% stake in the business for approximately $1bn.

At the time Diller and Levin explained that the operator’s nascent online betting and gaming business, through its BetMGM joint venture with GVC Holdings, was a major factor in IAC’s decision.

“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,” MGM chair Paul Salem said.

Diller was chief executive of IAC from 1995 until 2010, having previously held the same role at a number of predecessor companies engaged in media and interactivity prior to the formation of IAC.

Between 1984 and 1992, Diller was chairman and chief executive of media behemoth Fox and played a major role in the creation of its TV arm Fox Broadcasting Company, in addition to Fox’s motion picture operations.

Prior to his time with Fox, Diller spent 10 years as chairman and chief executive of Paramount Pictures Corporation, and also had a spell with ABC Entertainment.

Levin joined IAC in 2003 and served in a number of roles before becoming chief executive in 2015. Prior to his time with IAC, Levin worked in the technology mergers and acquisitions group for Credit Suisse First Boston, now Credit Suisse.

Aside from his role at IAC and now MGM, Levin is currently chair of the boards of Match Group and ANGI Homeservicesm and also serves on the board of directors of Turo.

MGM chief executive and president Bill Hornbuckle said: “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.

“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.”