{"id":212826,"date":"2022-05-10T11:13:25","date_gmt":"2022-05-10T18:13:25","guid":{"rendered":"https:\/\/www.casino.org\/news\/?p=212826"},"modified":"2022-05-11T15:14:21","modified_gmt":"2022-05-11T22:14:21","slug":"iac-highlights-mgm-investment-in-shareholder-letter","status":"publish","type":"post","link":"https:\/\/www.casino.org\/news\/iac-highlights-mgm-investment-in-shareholder-letter\/","title":{"rendered":"IAC Hits Home Run on MGM Investment"},"content":{"rendered":"
Gaming stocks of all stripes are tumbling this year amid persistent inflation and rising interest rates, among other macroeconomic headwinds. While MGM Resorts International (NYSE:MGM) isn\u2019t immune from that slump, Barry Diller\u2019s IAC\/InterActiveCorp (NASDAQ:IAC) is highlighting its investment in the casino operator.<\/p>\n