Barry Diller Only Receives Two-Year Nevada Casino License
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Barry Diller has received a two-year casino license in Nevada. The license is limited pending the outcome of an insider trading investigation. Diler is a major shareholder of MGM Resorts International. He is currently under investigation by the Justice Department and the Securities and Exchange Commission.
Allegations of insider trading against billionaire Diller. He bought shares of Activision Blizzard before Microsoft announced it would buy the company for $68.7bn. Diler has a net worth of $4.6bn and founded InterActiveCorp.
Barry Diller received a two-year casino license from Nevada Gaming Control Board. He is awaiting the outcome of the investigation. IAC CEO Joey Levin received an unconditional license. If Diler gets the all-clear from the probe, he will have the option to seek full licensing from NGC.
