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Kerkorian Might Cut Stake in MGM Mirage | Gaming News

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Kerkorian Might Cut Stake in MGM Mirage
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Billionaire investor Kirk Kerkorian is considering cutting his stake in hotel and casino operator MGM Mirage.

Word that Kerkorian investment vehicle Tracinda might make a move comes as Las Vegas-based MGM Mirage says it'll take a nearly $1 billion charge against third-quarter earnings because it had to slash condo prices at its big new CityCenter project.

(Copyright 2009 by The Associated Press. All Rights Reserved.)

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