Kerkorian may buy more MGM Resorts Intl. shares

Mar 18, 2013 7:44 PM

Once again, billionaire Kirk Kerkorian, who in the past owned the largest share of MGM Resorts International (MGM), has decided he may buy more shares in the company.

Kerkorian’s Tracinda, the investment firm, filed notice that it just might boost its current 18.6% stake in the company to 25%.

The purchases, Tracinda said, could be made on the open market or with private companies.

Ray Poirier is the longtime executive editor at GamingToday.

Contact Ray at [email protected].

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