IAC considers other gaming investments while retaining 23% MGM stake
IAC continues to regard its 23% stake in MGM Resorts International as a long-term holding while considering other gaming investments, analyst Youssef Squali said after meeting IAC executives. Squali said IAC would discuss potential mergers and acquisitions with MGM but has no formal exclusivity agreement with the casino group.
Potential investments could introduce new gaming-industry transactions involving IAC beyond its existing MGM stake.