Barry Diller

No matter how much anyone tries, Las Vegas is on its own.

It's not necessarily for everybody.

but no one is going to recreate the infrastructure that exists in that particular place.

That's unique and of, I think, enduring value.

And I'm fascinated by it because I just think it is, again, an example of a place where you can make something up today

And it comes out tomorrow, meaning there's nothing that stands in your way.

We just created a beach club with Cairo at one of our properties that is just original.

And anything you can think of, there's nothing to stand in your way of making it up there.

When did you get involved with MGM?

It was during latter stage COVID.

Now, MGM was out of business.

Just like for a long time, Expedia was out of business.

I mean...

Nobody could travel.

Nobody could go.

The entire city was shut down.

But I looked at it and I thought, just like I thought about travel, if there's life, there's travel.

Well, if there's life and there's going to be life, there's going to be Las Vegas.

And so MGM, its value had decreased enormously.

So we were able to purchase a large percentage of it inexpensively at the time because we believed that once you reopened,