Get all your news in one place.
100’s of premium titles.
One app.
Start reading
Benzinga
Benzinga
Politics
Anusuya Lahiri

Regulator Defers MGM Stakeholder's Nevada Gaming License By 1 Month

MGM IAC Barry Diller Activision Blizzard Inc ATVI DOJ MGM Resorts International NYSE SEC United States
  • Nevada Gaming Commission shelved MGM Resorts International (NYSE:MGM) stakeholder Barry Diller’s licensing by a month until an April commission meeting, the Wall Street Journal reports.
  • The move coincided with insider-trading investigations by federal authorities into his share purchases of Activision Blizzard Inc (NASDAQ:ATVI).
  • In 2020, Diller and his internet holding company, IAC/InterActiveCorp (NASDAQ:IAC), admitted spending over $1 billion for a 12% stake in MGM to tap the budding online gambling industry in the U.S.
  • Also Read: DOJ, SEC Investigate Possible Insider Trading Violation On Microsoft-Activision Deal: WSJ
  • IAC’s stake in the casino operator has since grown to about 14%.
  • IAC admitted that the matter was “simply delayed” and looked to a clean chit concerning Diller and IAC.
  • Price Action: MGM shares traded lower by 0.41% at $41.77 in the premarket on the last check Friday.
Sign up to read this article
Read news from 100’s of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
“The last six years have been full of some of the worst times I’ve been through”: A documentary about Ozzy Osbourne will hit Paramount Plus later this year
Ozzy Osbourne: No Escape From Now is currently in production and chronicles the Black Sabbath singer’s life since he suffered a spinal injury in 2019
Metal Hammer
Metal Hammer
“Very Creepy”: Oprah’s Resurfaced Interview With The Olsen Twins Sparks Outrage
“They should have canceled her like they did with Ellen" The post “Very Creepy”: Oprah’s Resurfaced Interview With The Olsen Twins Sparks Outrage first appeared on Bored Panda.
Bored Panda
Bored Panda
White Lotus star Carrie Coon clarifies comments about marriage to Tracy Letts after interview goes viral
Coon has been married to her husband since 2013
The Independent UK
The Independent UK
Woman Tries Out Makeup Tester At Sephora, “An Alien” Starts Growing On Her Eye, So She Warns Others
Woman warns others not to use Sephora makeup testers after contracting an eye infection. The post Woman Tries Out Makeup Tester At Sephora, “An Alien” Starts Growing On Her Eye, So She Warns Others first appeared on Bored Panda.
Bored Panda
Bored Panda
3 ways Trump is acting like a king and bypassing the Constitution’s checks and balances on presidential authority
I learned basic civics in my public school. But mostly, because it was more interesting, I also learned civics after school watching the animated series “Schoolhouse Rock,” often with my abuela – my grandmother – who took care of me.
The Conversation
The Conversation
Why the Internet Celebrated a Killer
Combine moral zealotry with increasingly blurred lines between political speech and violence long enough, and the outcome is predictable.
Reason
Reason
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.
Download on the AppStore Get it on Google Play