Aug 11 Reuters: BRIEF-NASCAR And BetMGM Announce Multi-Year Sports Betting Partnership BETMGM TO OFFER LIVE, IN-RACE BETTING BEGINNING IN 2021
Aug 10 (Reuters) - Barry Diller's IAC/InterActive Corp IAC said on Monday it has bought a 12% stake in MGM Resorts International MGM for about $1 billion, sending the casino operator's shares soaring 14%. "MGM presented a "once in a decade" opportunity for IAC to own a meaningful piece of a preeminent brand in a large category with great potential to move online."
Market Capitalization $10.42 billion Net Income $2.05 billion small 5.56 P/E ratio
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