Tap to enable a layout that focuses on the article.
Advertisement
Business

OTHER NEWS - Dec. 24, 1991

L.A. Times Archives
From Times Staff and Wire Reports

MGM Grand Completes Desert Inn Transaction: MGM Grand Inc. said it has completed the sale of the Desert Inn Casino/Hotel to Tracinda Corp., a firm controlled by financier Kerk Kerkorian. The $130-million proceeds of the sale will be used in the construction of the MGM Grand Hotel and Theme Park in Las Vegas. The Desert Inn sale was closed shortly after requisite governmental approvals were received, and prior to the originally anticipated closing date.

More to Read

Business

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.

By continuing, you agree to our Terms of Service, which include arbitration and a class action waiver. You agree that we and our third-party vendors may collect and use your information, including through cookies, pixels and similar technologies, for the purposes set forth in our Privacy Policy such as personalizing your experience and ads.

More From the Los Angeles Times

Most Read in Business

Advertisement
Advertisement