LAS 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.
"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."
IAC 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."
"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."
Barry 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
creation of Fox Broadcasting Company in addition to Fox's motion
picture operations.
Before joining Fox, Mr. Diller served for 10 years as the
Chairman and Chief Executive of Paramount Pictures Corporation. In
March 1983, in addition to Paramount,
Mr. Diller became President of the conglomerate's newly formed
Entertainment and Communications Group, which included Simon &
Schuster, Inc., Madison Square Garden Corporation and SEGA
Enterprises, Inc. Prior to joining Paramount, Mr. Diller served as
Vice President of Prime Time Television for ABC Entertainment. His
Broadway credits include To Kill A Mockingbird; The Iceman Cometh;
Carousel; Three Tall Women; A Doll's House, Part 2; The Humans; and
Betrayal. Through his foundation Mr. Diller has supported projects
for Roundabout Theatre Company, Signature Theatre, The Public
Theater, and Motion Picture & Television Fund, and is creating
Little Island, a park and performance center in the Hudson
River.
Mr. Diller serves on the board of The Coca-Cola Company and is
also a member of The Business Council.
Joey Levin is the Chief Executive
Officer (CEO) of IAC and serves on IAC's Board of
Directors. Prior to this, Mr. Levin served in
various roles at IAC since he joined the company in 2003 working in
the Mergers & Acquisitions group. He assumed his first
operating leadership role in 2009 as CEO of Mindspark Interactive,
a division of IAC, and has led various businesses for IAC until his
appointment to CEO and the Board of Directors in
2015. Prior to joining IAC, Mr. Levin worked in the
Technology Mergers & Acquisitions group for Credit Suisse First
Boston (now Credit Suisse) in San
Francisco.
Mr. Levin is currently Chairman of the boards of Match
Group, Inc. (NASDAQ: MTCH) and ANGI Homeservices
Inc. (NASDAQ: ANGI) and serves on the Board of Directors
of Turo. He has previously served as a Director of
several publicly traded consumer technology companies including
Groupon, Inc., LendingTree, Inc, and The Active Network
through its IPO and up until its sale to Vista Equity Partners. He
graduated from the Jerome Fisher Program in Management &
Technology from the University of
Pennsylvania, with a B.S. in Economics from the Wharton
School and a B.A.S. in Engineering from the School of Engineering
and Applied Sciences. Mr. Levin also currently serves on the
Undergraduate Executive Board of Wharton School.
ABOUT MGM RESORTS INTERNATIONAL
MGM Resorts International (NYSE: MGM) is an S&P 500® global
entertainment company with national and international locations
featuring best-in-class hotels and casinos, state-of-the-art
meetings and conference spaces, incredible live and theatrical
entertainment experiences, and an extensive array of restaurant,
nightlife and retail offerings. MGM Resorts creates immersive,
iconic experiences through its suite of Las Vegas-inspired brands. The MGM Resorts
portfolio encompasses 29 unique hotel and destination gaming
offerings in the United States and
Macau, including some of the most
recognizable resort brands in the industry such as Bellagio, MGM
Grand, ARIA and Park MGM. The Company's 50/50 venture, BetMGM, LLC,
offers U.S. sports betting and online gaming through market-leading
brands, including BetMGM and partypoker. The Company is currently
pursuing targeted expansion in Asia through the integrated resort opportunity
in Japan. Through its "Focused on
What Matters: Embracing Humanity and Protecting the
Planet" initiative, MGM Resorts commits to creating a more
sustainable future, while striving to make a bigger difference in
the lives of its employees, guests, and in the communities where it
operates. The global employees of MGM Resorts are proud of their
company for being recognized as one of FORTUNE® Magazine's World's
Most Admired Companies®. For more information, please visit us
at www.mgmresorts.com. Please also connect with us
@MGMResortsIntl on Twitter as well
as Facebook and Instagram.
Statements in this release that are not historical facts are
forward-looking statements within the meaning of the Private
Securities Litigation Reform Act of 1995. The Company has based
these statements on management's current expectations and
assumptions and not on historical facts. Examples of these
statements include, but are not limited to, the Company's
expectations regarding the Company's ability to execute on its
strategic goals and become a leader in online and digital
experiences. A number of important factors could cause actual
results to differ materially from those indicated in such
forward-looking statements, including the continued impact of the
COVID-19 pandemic on the Company's business, effects of economic
and market conditions in the markets in which the Company operates,
competition with other destination travel locations throughout
the United States and the world,
the design, timing and costs of expansion projects, and risks
relating to international operations, permits, licenses,
financings, approvals and other contingencies in connection with
growth in new or existing jurisdictions and additional risks and
uncertainties described in the Company's Form 10-K, Form 10-Q and
Form 8-K reports (including all amendments to those reports) filed
with the Securities and Exchange Commission. In providing
forward-looking statements, the Company is not undertaking any duty
or obligation to update these statements publicly as a result of
new information, future events or otherwise, except as required by
law.
MGM RESORTS
CONTACTS:
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Media:
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Investment
Community:
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BRIAN
AHERN
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CATHERINE
PARK
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Director, Media
Relations
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Executive
Director, Investor Relations
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media@mgmresorts.com
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cpark@mgrmesorts.com
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SOURCE MGM Resorts International