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According to Monday reports from CNBC and CDC Gaming Reports, the New York-headquartered firm controlled by billionaire businessman Barry Diller (pictured) purchased 59 million MGM Resorts International shares at individual prices ranging from a high of . 92 down to a low of . Online Casino 38 via 34 transactions between June 9 and August 7. Online Casino Troubling trend:The investment comefair go no deposit oct 2020s at a time when the New York-listed casino firm’s land-based business is suffering from the impact of the ongoing coronavirus pandemic with its shares now worth around 35% less than at the start of the year. The Las Vegas-headquartered operator purportedly ended last month by announcing that its second-quarter net revenues had fallen by 91% year-on-year to just 1 million with its company-wide deficit for the three-month period standing at some 7 million. Online Casino iGaming interest:Diller serves as Chairman for IAC and he reportedly used an official statement to detail that his firm has long been looking into the possibility of entering the 0 billion global online gaming industry. The 78-year-old purportedly moreover declared that the chance to buy a stake in MGM Resorts International, which operates the BetMGM iGaming service via the Roar Digital LLC joint venture it established with GVC Holdings, had represented a ‘once in a decade opportunity’ for his company to acquire ‘a meaningful piece of a preeminent brand in a large category with great potential to move online.

’Reportedly read a statement from Diller…“What initially attracted us to MGM Resorts International besides its leadership in leisure, hospitality and gaming was an area that currently comprises a tiny portion of its revenues, online gaming. IAC’s foundational concept of seeking opportunities to build interactive businesses is our base rationale [and] there is a digital-first opportunity fair go no deposit oct 2020within MGM Resorts International’s already impressive offline businesses. Online Casino With our experience, we hope we can strongly contribute to the growth of online gaming. ”Additional assistance:CDC Gaming Reports explained that MGM Resorts International used its own statement to welcome this latest investor as ‘a long-term strategic partner’ that will Online Casino Online Casino