Kirk Kerkorian may boost the MGM Resorts International stake owned by his Tracinda Corp. to 25% from 18.6%, Tracinda said in a filing with the Securities and Exchange Commission.
Tracinda filed the documents to comply with the Federal Trade Commission and the Hart-Scott-Rodino Antitrust Improvements Act.
Kerkorian, who turns 96 in June, was a major player in the development of the Las Vegas Strip, building or owning such hotels as the Las Vegas Hilton, Flamingo Hilton and MGM Grand. His wealth is valued by Forbes at about $3.3 billion.
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