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Kerkorkian Hedges Bets on MGM

Billionaire investor withdraws offer for casino properties

By J. Kelman, Newser User

Posted Jun 20, 2007 9:13 AM CDT

(Newser) – Mega-investor Kirk Kerkorian has withdrawn his intended bid for two of MGM Mirage's showcase properties. Kerkorian, who owns a 56% stake in the company, pulled his preannounced offer on news of a multi-billion dollar development deal between MGM and South African casino giant Kerzner International... Read full story »

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Kerkorkian Hedges Bets on MGM

Billionaire investor withdraws offer for casino properties

Kirk Kerkorian • Bellagio • MGM Mirage • casino • Kerzner International

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