Main MGM Resorts shareholder passes

Giant US gambling group MGM Resorts paid tribute to its major shareholder Kirk Kerkorian Tuesday as the news broke that the 98-year-old world famous financier had passed away peacefully in Los Angeles Monday night..

MGM Resorts International Chairman and CEO Jim Murren said in a statement:

“MGM Resorts and our family of 62,000 employees are honoring the memory of a great man, a great business leader, a great community leader, an innovator, and one of our country’s greatest generation.”

Although he invested widely and successfully, Kerkorian’s heart was said to be with the land casino industry, where he was one of the pioneers in turning Las Vegas into an entertainment magnet through his investments in some of the city’s biggest and best gambling and property projects.

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