MGM Resorts International has expanded its board of directors to 14, after a pair of additions were made from IAC/InterActiveCorp following a significant investment in the group made earlier this month.
Subsequently Barry Diller, chairman and senior executive of IAC, and Joey Levin, CEO of IAC, have been appointed, as the Las Vegas headquartered firm lauds investment that came “at a pivotal time”.
IAC, which operates as a holding company, is headquartered in New York City and has business operations and satellite offices worldwide, cited the growth potential of online gaming and sports betting as key to its aforementioned backing.
“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.”
Diller, who served as chairman and CEO of IAC from 1995-2010, boasts experience across several senior executives positions at the likes of Paramount Pictures, Prime Time Television and Fox. He is also the chairman and senior executive of Expedia, serves on the board of The Coca-Cola Company and is also a member of The Business Council.
Levin joined IAC in 2003 and has previously served as a director of several publicly traded consumer technology companies including Groupon, LendingTree, and The Active Network.
He is also chairman of the boards of Match Group and ANGI Homeservices and serves on the board of directors of Turo.
“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,” stated 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.”
