<SEC-DOCUMENT>0001104659-26-040422.txt : 20260407
<SEC-HEADER>0001104659-26-040422.hdr.sgml : 20260407
<ACCEPTANCE-DATETIME>20260407163145
ACCESSION NUMBER:		0001104659-26-040422
CONFORMED SUBMISSION TYPE:	SCHEDULE 13D/A
PUBLIC DOCUMENT COUNT:		2
FILED AS OF DATE:		20260407
DATE AS OF CHANGE:		20260407

SUBJECT COMPANY:	

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			MGM Resorts International
		CENTRAL INDEX KEY:			0000789570
		STANDARD INDUSTRIAL CLASSIFICATION:	HOTELS & MOTELS [7011]
		ORGANIZATION NAME:           	05 Real Estate & Construction
		EIN:				880215232
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		SCHEDULE 13D/A
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	005-40054
		FILM NUMBER:		26845360

	BUSINESS ADDRESS:	
		STREET 1:		3600 LAS VEGAS BLVD S
		CITY:			LAS VEGAS
		STATE:			NV
		ZIP:			89109
		BUSINESS PHONE:		702-693-7120

	MAIL ADDRESS:	
		STREET 1:		3600 LAS VEGAS BLVD S.
		CITY:			LAS VEGAS
		STATE:			NV
		ZIP:			89109

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	MGM MIRAGE
		DATE OF NAME CHANGE:	20000823

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	MGM GRAND INC
		DATE OF NAME CHANGE:	19920703

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	GRAND NAME CO
		DATE OF NAME CHANGE:	19870713

FILED BY:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			IAC Inc.
		CENTRAL INDEX KEY:			0001800227
		STANDARD INDUSTRIAL CLASSIFICATION:	SERVICES-COMPUTER PROGRAMMING, DATA PROCESSING, ETC. [7370]
		ORGANIZATION NAME:           	06 Technology
		EIN:				843727412
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		SCHEDULE 13D/A

	BUSINESS ADDRESS:	
		STREET 1:		555 WEST 18TH STREET
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10011
		BUSINESS PHONE:		(212) 314-7300

	MAIL ADDRESS:	
		STREET 1:		555 WEST 18TH STREET
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10011

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	IAC/InterActiveCorp
		DATE OF NAME CHANGE:	20200702

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	IAC Holdings, Inc.
		DATE OF NAME CHANGE:	20200115
</SEC-HEADER>
<DOCUMENT>
<TYPE>SCHEDULE 13D/A
<SEQUENCE>1
<FILENAME>primary_doc.xml
<TEXT>
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<?xml version="1.0" encoding="UTF-8"?><edgarSubmission xmlns="http://www.sec.gov/edgar/schedule13D" xmlns:com="http://www.sec.gov/edgar/common">
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    <submissionType>SCHEDULE 13D/A</submissionType>
    <previousAccessionNumber>0001104659-20-092462</previousAccessionNumber>
    <filerInfo>
      <filer>
        <filerCredentials>
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          <cik>0001800227</cik>
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    <coverPageHeader>
      <amendmentNo>7</amendmentNo>
      <securitiesClassTitle>COMMON STOCK, PAR VALUE $0.01 PER SHARE</securitiesClassTitle>
      <dateOfEvent>04/03/2026</dateOfEvent>
      <previouslyFiledFlag>false</previouslyFiledFlag>
      <issuerInfo>
        <issuerCIK>0000789570</issuerCIK>
        <issuerCusips>
          <issuerCusipNumber>552953101</issuerCusipNumber>
        </issuerCusips>
        <issuerName>MGM RESORTS INTERNATIONAL</issuerName>
        <address>
          <com:street1>3600 LAS VEGAS BLVD S</com:street1>
          <com:city>LAS VEGAS</com:city>
          <com:stateOrCountry>NV</com:stateOrCountry>
          <com:zipCode>89109</com:zipCode>
        </address>
      </issuerInfo>
      <authorizedPersons>
        <notificationInfo>
          <personName>Kendall Handler</personName>
          <personPhoneNum>(212) 314-7300</personPhoneNum>
          <personAddress>
            <com:street1>IAC Inc.</com:street1>
            <com:street2>555 West 18th Street</com:street2>
            <com:city>New York</com:city>
            <com:stateOrCountry>NY</com:stateOrCountry>
            <com:zipCode>10011</com:zipCode>
          </personAddress>
        </notificationInfo>
      </authorizedPersons>
    </coverPageHeader>
    <reportingPersons>
      <reportingPersonInfo>
        <reportingPersonCIK>0001800227</reportingPersonCIK>
        <reportingPersonNoCIK>N</reportingPersonNoCIK>
        <reportingPersonName>IAC INC.</reportingPersonName>
        <memberOfGroup>b</memberOfGroup>
        <fundType>OO</fundType>
        <legalProceedings>N</legalProceedings>
        <citizenshipOrOrganization>DE</citizenshipOrOrganization>
        <soleVotingPower>66822350.00</soleVotingPower>
        <sharedVotingPower>0.00</sharedVotingPower>
        <soleDispositivePower>66822350.00</soleDispositivePower>
        <sharedDispositivePower>0.00</sharedDispositivePower>
        <aggregateAmountOwned>66822350.00</aggregateAmountOwned>
        <isAggregateExcludeShares>N</isAggregateExcludeShares>
        <percentOfClass>26.1</percentOfClass>
        <typeOfReportingPerson>CO</typeOfReportingPerson>
        <commentContent>Percentage in Row 13 calculated on the basis of 255,828,519 shares of common stock, par value $0.01, of the Issuer ("Common Stock") issued and outstanding as of February 9, 2026 (based upon information contained in the Issuer's Annual Report on Form 10-K for the fiscal year ended December 31, 2025).
Rows 7, 9 and 11 reflect shares of Common Stock beneficially owned by IAC Inc. ("IAC"). See Item 5.</commentContent>
      </reportingPersonInfo>
    </reportingPersons>
    <items1To7>
      <item1>
        <securityTitle>COMMON STOCK, PAR VALUE $0.01 PER SHARE</securityTitle>
        <issuerName>MGM RESORTS INTERNATIONAL</issuerName>
        <issuerPrincipalAddress>
          <com:street1>3600 LAS VEGAS BLVD S</com:street1>
          <com:city>LAS VEGAS</com:city>
          <com:stateOrCountry>NV</com:stateOrCountry>
          <com:zipCode>89109</com:zipCode>
        </issuerPrincipalAddress>
        <commentText>This statement constitutes Amendment No. 7 ("Amendment No. 7") to the Schedule 13D relating to the shares of common stock, $0.01 par value (the "Shares"), of MGM Resorts International (the "Issuer"), and hereby amends the Schedule 13D filed with the Securities and Exchange Commission (the "SEC") on August 10, 2020 (as amended by Amendment No. 1, filed with the SEC on August 20, 2020, Amendment No. 2, filed with the SEC on January 11, 2021, Amendment No. 3, filed with the SEC on February 16, 2022, Amendment No. 4, filed with the SEC on August 11, 2022, Amendment No. 5, filed with the SEC on December 9, 2025 and Amendment No. 6, filed with the SEC on March 25, 2026, together, the "Schedule 13D"). Except as set forth herein, the Schedule 13D as previously filed remains applicable. All capitalized terms contained herein but not otherwise defined shall have the meanings ascribed to such terms in the Schedule 13D.</commentText>
      </item1>
      <item4>
        <transactionPurpose>The information contained in Item 4 of the Schedule 13D is hereby amended and supplemented by adding the following information:

The information contained in Item 6 of this Amendment No. 7 is incorporated by reference into this Item.</transactionPurpose>
      </item4>
      <item5>
        <percentageOfClassSecurities>Item 5(a) is hereby amended by replacing the first paragraph with the following: As of close of business on the date of Amendment No. 7, Reporting Person has beneficial ownership of approximately 65,822,350 Shares constituting approximately 25.7% of the Shares outstanding.</percentageOfClassSecurities>
        <numberOfShares>See Item 5(a).</numberOfShares>
        <transactionDesc>Except for the March 2026 Trades, there have been no transactions by the Reporting Person in the Shares during the past 60 days prior to Amendment No. 7.</transactionDesc>
        <date5PercentOwnership>Not applicable.</date5PercentOwnership>
      </item5>
      <item6>
        <contractDescription>The information contained in Item 6 of the Schedule 13D is hereby amended and supplemented by adding the following information:

On April 3, 2026, IAC entered into a Voting Agreement (the "Voting Agreement") with the Issuer and Barry Diller.  Pursuant to the Voting Agreement, at any time a matter is brought to a vote at an annual or special meeting of the Issuer's stockholders (or in connection with any action proposed to be taken by the Issuer's stockholders in lieu of a meeting), IAC, Mr. Diller and their respective controlled affiliates (collectively the "Covered Entities") will vote any voting securities that they beneficially own that collectively constitute in excess of 25.73% of the total voting power of the outstanding voting securities of the Issuer (the "Excess Voting Securities") on each matter in the same proportion as the stockholders of the Issuer (other than the Covered Entities) vote their voting securities on such matters (disregarding stockholders that do not vote).

The Voting Agreement will terminate automatically upon the earliest to occur of (i) the Covered Entities collectively ceasing to beneficially own 17.5% or more of the voting securities of the Issuer then outstanding, (ii) the Board of Directors of the Issuer (the "Issuer Board") having failed to nominate two (2) directors designated by IAC (should IAC elect to designate two (2) directors) who each meet the qualifications of a director set forth in the Issuer's Corporate Governance Guidelines (a "Qualified Director") to stand for election to the Issuer Board at the applicable annual meeting of shareholders (such nomination condition, the "Nomination Condition") and (iii) the occurrence of a change of control of the Issuer. If IAC determines not to designate one or more individuals to be nominated for election to the Issuer Board, the Voting Agreement will not terminate. In addition, in order to satisfy the Nomination Condition, if at any time fewer than two (2) directors on the Issuer Board have been designated by IAC, the Issuer Board is required to cause Qualified Director(s) to be added within one (1) month of designation by IAC, subject to the receipt of required regulatory approvals. As of the date of entry into the Voting Agreement, Mr. Diller was deemed to be designated to serve on the Issuer Board by IAC.

In addition, Mr. Diller and his controlled affiliates, other than IAC and its controlled affiliates (collectively, the "Diller Entities"), will no longer be subject to the voting restriction with respect to any Excess Voting Securities, and the Diller Entities will no longer be considered Covered Entities, when both of the following conditions are satisfied:  (i) Mr. Diller no longer serves as either the Chairman of the Board of Directors of IAC or as Senior Executive of IAC; and (ii) the Diller Entities no longer beneficially own voting securities of IAC representing at least one-third of the total voting power of the outstanding voting securities of IAC.

The above summary is not complete and is qualified in its entirety by reference to the full text of the Voting Agreement, which is attached hereto as Exhibit 1 and incorporated herein by reference.</contractDescription>
      </item6>
      <item7>
        <filedExhibits>1. Voting Agreement, dated as of April 3, 2026, by and among MGM Resorts International, IAC Inc. and Barry Diller.</filedExhibits>
      </item7>
    </items1To7>
    <signatureInfo>
      <signaturePerson>
        <signatureReportingPerson>IAC INC.</signatureReportingPerson>
        <signatureDetails>
          <signature>/s/ Kendall Handler</signature>
          <title>Kendall Handler/Executive Vice President &amp; Chief Legal Officer</title>
          <date>04/07/2026</date>
        </signatureDetails>
      </signaturePerson>
    </signatureInfo>
  </formData>

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</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>tm2611031d1_ex1.htm
<DESCRIPTION>EXHIBIT 1
<TEXT>
<HTML>
<HEAD>
     <TITLE></TITLE>
</HEAD>
<BODY STYLE="font: 10pt Times New Roman, Times, Serif">



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right"><B>Exhibit 1&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right"><FONT>Execution
Version</FONT><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>VOTING AGREEMENT</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">This Voting Agreement (this
 &ldquo;<U>Agreement</U>&rdquo;) is made and entered into as of April&nbsp;3, 2026 by and among MGM Resorts International, a Delaware corporation
(the &ldquo;<U>Company</U>&rdquo;),&nbsp;IAC Inc., a Delaware corporation (&ldquo;<U>IAC</U>&rdquo;), and Barry Diller, an individual
(&ldquo;<U>Mr.&nbsp;Diller</U>&rdquo;). Each of the Company,&nbsp;IAC and Mr.&nbsp;Diller is referred to herein as a &ldquo;<U>Party</U>&rdquo;
and, collectively, as the &ldquo;<U>Parties</U>&rdquo;.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">WHEREAS, as of the date hereof,&nbsp;IAC
Beneficially Owns (as defined below) 66,822,350 shares of the Company&rsquo;s common stock, par value $0.01 per share (&ldquo;<U>Common
Stock</U>&rdquo;); and</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">WHEREAS, the Parties desire
to set forth certain agreements herein.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">NOW, THEREFORE, in consideration
of the foregoing premises and the covenants and agreements contained herein, and for other good and valuable consideration, the receipt
and sufficiency of which is hereby acknowledged, the Parties, intending to be legally bound, hereby agree as follows:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="text-transform: uppercase">1.&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT><U>Voting
Matters</U>. On each matter brought to a vote at any annual or special meeting of the Company&rsquo;s stockholders, and in connection
with any action proposed to be taken by consent of the Company&rsquo;s stockholders in lieu of a stockholder meeting,&nbsp;IAC and Mr.&nbsp;Diller
shall, and shall cause their respective controlled affiliates (IAC, Mr.&nbsp;Diller and such controlled affiliates, collectively, the
 &ldquo;<U>Covered Entities</U>&rdquo; and Mr.&nbsp;Diller and his controlled affiliates, other than IAC and its controlled affiliates,
collectively, the &ldquo;<U>Diller Entities</U>&rdquo;) to, vote or duly execute and deliver a stockholder consent with respect to, as
applicable, any Voting Securities that are Beneficially Owned by the Covered Entities in excess of the Voting Cap Threshold (as defined
below) (the &ldquo;<U>Excess Voting Securities</U>&rdquo;) in the same proportion as the stockholders (other than the Covered Entities)
vote their Voting Securities in respect of such matter (disregarding stockholders that do not vote). The Parties will reasonably cooperate
to share information for purposes of this Agreement. For purposes of this <U>Section&nbsp;1</U>, subject to the last sentence of <U>Section&nbsp;2</U>,
any Excess Voting Securities shall be deemed to be owned by the Diller Entities, on the one hand, and the Covered Entities that are not
Diller Entities (the &ldquo;<U>IAC Entities</U>&rdquo;), on the other hand, <I>pro rata</I> based on the number of Voting Securities held
by the Diller Entities and the IAC Entities, respectively.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="text-transform: uppercase">2.&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT><U>Termination</U>.
This Agreement will terminate automatically and thereafter be of no further force and effect for all Parties, without any requirement
to give notice, at such time as the earliest of (a)&nbsp;the Covered Entities collectively ceasing to Beneficially Own 17.5% or more of
the Voting Securities then outstanding, (b)&nbsp;the Board having failed to nominate two (2)&nbsp;directors designated by IAC who each
meet the qualifications of a director as set forth in the Company&rsquo;s Corporate Governance Guidelines to stand for election to the
Board at the applicable annual meeting of shareholders (&ldquo;<U>Qualified Director</U>&rdquo;), and (c)&nbsp;the occurrence of a Change
of Control. For the avoidance of doubt, (i)&nbsp;as of the date hereof, Mr.&nbsp;Diller is deemed to be designated by IAC, and (ii)&nbsp;if
IAC determines not to designate one or more individuals to be nominated for election to the Board or any individuals designated by IAC
refuse to be nominated or serve as a director on the Board, this Agreement will not terminate and will remain in full force and effect.
If at any time fewer than two (2)&nbsp;directors on the Board have been designated by IAC, the Board shall cause Qualified Director(s)&nbsp;to
be added within one (1)&nbsp;month of such designation by IAC, in each case subject to the receipt of required regulatory approvals, in
order to satisfy the requirements set forth in clause (b)&nbsp;above. Notwithstanding anything to the contrary in this Agreement, the
Diller Entities shall no longer be subject to <U>Section&nbsp;1</U> of this Agreement, and the Diller Entities shall no longer be deemed
Covered Entities hereunder, as of the earliest time that both of the following conditions are satisfied: (i)&nbsp;Mr.&nbsp;Diller no longer
serves as either the Chairman of the Board of Directors of IAC or as Senior Executive of IAC and (ii)&nbsp;the Diller Entities no longer
Beneficially Own Voting Securities of IAC representing at least one-third of the total voting power of the outstanding Voting Securities
of IAC.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="text-transform: uppercase">3.&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT><U>Certain
Definitions</U>. For purposes of this Agreement, the following terms shall have the definitions provided below:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify; text-indent: 0.5in">&ldquo;<U>Beneficial
Ownership</U>&rdquo; or &ldquo;<U>Beneficially Own</U>&rdquo;, when used with respect to any securities, shall mean having &ldquo;beneficial
ownership&rdquo; of such securities as determined within the meaning given to such term in Rule&nbsp;13d-3 under the Securities Exchange
Act of 1934, as amended, and a person&rsquo;s or entity&rsquo;s Beneficial Ownership of Common Stock shall be calculated in accordance
with such Rule.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify; text-indent: 0.5in">&ldquo;<U>Change of
Control</U>&rdquo; means the earlier to occur of:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify; text-indent: 1in">(a)&nbsp;the date that
a reorganization, merger, consolidation, recapitalization or similar transaction involving the Company is consummated, unless: (i)&nbsp;at
least 50% of the outstanding Voting Securities of the surviving or resulting entity (including, without limitation, an entity which as
a result of such transaction owns the Company either directly or through one or more subsidiaries) (&ldquo;<U>Resulting Entity</U>&rdquo;)
are Beneficially Owned by the persons who were the Beneficial Owners of the outstanding Voting Securities of the Company immediately prior
to such transaction in substantially the same proportions as their Beneficial Ownership, immediately prior to such transaction, of the
outstanding Voting Securities of the Company and (ii)&nbsp;immediately following such transaction no person or persons acting as a group
Beneficially Owns Voting Securities of the Resulting Entity possessing fifty percent (50%) or more of the total voting power of the outstanding
Voting Securities of the Resulting Entity;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify; text-indent: 1in">(b)&nbsp;the date that
any one person acquires, or persons acting as a group acquire (or such person or persons has or have acquired as of the date of the most
recent acquisition by such person or persons), Beneficial Ownership of Voting Securities of the Company possessing a majority of the total
voting power of the Voting Securities of the Company; or</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify; text-indent: 1in">(c)&nbsp;the date that
any one person acquires, or persons acting as a group acquire (or such person or persons has or have acquired as of the date of the most
recent acquisition by such person or persons), assets constituting all or substantially all of the assets of the Company and its subsidiaries
on a consolidated basis.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify; text-indent: 0.5in">&ldquo;<U>Voting Cap
Threshold</U>&rdquo; means the outstanding Voting Securities collectively constituting 25.73% of the total voting power of all of the
outstanding Voting Securities of the Company on such matter as of the applicable record date.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify; text-indent: 0.5in">&ldquo;<U>Voting Securities</U>&rdquo;
means, at any time, the shares of any class or series of capital stock of the Company (or other applicable entity) which are then entitled
to vote with respect to any matter to be voted on.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="text-transform: uppercase">4.&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT><U>Governing
Law</U>. This Agreement and the rights and obligations of the Parties hereunder shall be governed by and interpreted, construed and enforced
in accordance with the laws of the State of Delaware without regard to conflict of law principles that would result in the application
of any law other than the law of the State of Delaware. Any right to trial by jury with respect to any action or proceeding arising in
connection with or as a result of this Agreement is hereby waived by the Parties hereto. Any suit or proceeding arising in respect to
this Agreement will be tried exclusively in the Court of Chancery of the State of Delaware or, if that court does not have subject matter
jurisdiction, in any state or Federal court located in the State of Delaware, and the Parties agree to submit to the jurisdiction of,
and to venue in, such courts.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="text-transform: uppercase">5.&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT><U>Entire
Agreement; No Third-Party Beneficiaries</U>. This Agreement constitutes the full, complete and entire understanding, agreement, and arrangement
of and between the Parties with respect to the subject matter hereof and supersedes any and all prior oral and written understandings,
agreements, negotiations, discussions and arrangements between or among them. There are no other agreements, covenants, promises or arrangements
between or among the Parties other than those set forth in this Agreement. This Agreement is not intended to and shall not confer any
rights or remedies on any person or entity other than the Parties and their respective successors and permitted assigns.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="text-transform: uppercase">6.&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT><U>Notice</U>.
All notices to be given to the Company hereunder shall be in writing and delivered personally or by overnight courier, addressed to MGM
Resorts International at 3600 Las Vegas Boulevard South, Las Vegas, Nevada 89109, Attn: General Counsel, or by email to legalnotices@mgmresorts.com.
All notices to be given to IAC and/or Mr.&nbsp;Diller hereunder shall be in writing and delivered personally or by overnight courier,
addressed to IAC Inc. at 555 West 18<SUP>th</SUP> Street, New York, New York 10011, Attn: Kendall Handler, or by email to generalcounsel@iac.com.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

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intentionally.]</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">IN WITNESS WHEREOF, the Parties
hereto have each executed this Agreement on the date set forth above.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%">
  <TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="font: bold 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">COMPANY:</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">MGM
    RESORTS INTERNATIONAL</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 50%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 5%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">By:</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; width: 45%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">/s/
    William J. Hornbuckle</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Name:</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">William
    J. Hornbuckle</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Title:</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Chief
    Executive Officer and President</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="font: bold 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">IAC:</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">IAC
    INC.</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">By:</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">/s/
    Kendall Handler</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Name:</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Kendall
    Handler</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Title:</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">EVP,
    Chief Legal Officer</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="font: bold 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">MR.
    BARRY DILLER:</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">/s/
    Barry Diller</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Barry
    Diller</FONT></TD></TR>
  </TABLE>


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