MGM Mirage may be broken up
- Share via
MGM Mirage, the Las Vegas casino company majority-owned by billionaire Kirk Kerkorian, may be broken up to boost the value of its hotel-development and gambling units.
MGM Mirage’s stock rose the most in more than eight months after Chief Executive Terry Lanni said in response to a question that the company might be split. Shares gained $3.23, or 6.6%, to $51.85.
The casino company is developing hotels for a fee in Beijing and Abu Dhabi, and has licensed its MGM Grand name to Connecticut’s Foxwoods Resorts Casino.
More to Read
Inside the business of entertainment
The Wide Shot brings you news, analysis and insights on everything from streaming wars to production — and what it all means for the future.
You may occasionally receive promotional content from the Los Angeles Times.