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Technology Stocks : Activision....Returns!
ATVI 75.76+0.8%Dec 2 4:00 PM EST

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From: Sr K3/17/2022 10:35:58 PM
   of 1991
 
Barry Diller’s Gambling License Is Delayed by Regulator Over Investigation Into Trading
Nevada Gaming Commission’s decision follows news of an SEC investigation into the MGM Resorts stakeholder


The gambling regulator is delaying licensing for Barry Diller, following the launch of federal investigations into bets he and other investors made on videogame company Activision Blizzard shares before it agreed to be acquired by Microsoft.PHOTO: MIKE BLAKE/REUTERS

By Katherine Sayre

Updated Mar. 17, 2022 6:27 pm ET

The top gambling regulator in Nevada on Thursday delayed MGM Resorts International stakeholder Barry Diller’s licensing after federal authorities launched insider-trading investigations into his share purchases of Activision Blizzard Inc.

Nevada Gaming Commission Chairwoman Jennifer Togliatti in a public meeting ordered that Mr. Diller’s application to be in the casino industry undergo “further fact-finding and investigation” by the state’s Gaming Control Board. The board’s staff investigates the backgrounds of executives and major shareholders who must be licensed to operate in the state’s gambling industry. State regulators determine applicants’ “suitability” to be licensed, and their regulations are intended to prevent corruption or criminal activity in the industry.

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