Pedestrians pass in front of the Bellagio Hotel and Casino at night in Las Vegas, Nevada, U.S., on Sunday, July 26, 2020. MGM Resorts International is scheduled to releasing earnings figures on July 30. Photographer: Roger Kisby/Bloomberg via Getty Images/Credit: Roger Kisby/Bloomberg/Getty Images
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Barry Diller's IAC rolls dice with $1 billion stake in casino giant MGM
IAC recently spun off its stake in Tinder-owner Match. But the company apparently has its sights set on people taking a different kind of gamble: It has bought a nearly $1 billion stake in MGM Resorts.
