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The Signature at MGM Grand is a condo-hotel at the MGM Grand resort in Paradise, Nevada, near the Las Vegas Strip. It consists of three towers, each 38 stories in height, with a total of 1,728 units. MGM Mirage and Turnberry Associates partnered to develop the project, which was announced in 2002. Construction was underway in 2004, and the ...
The company's background can be traced to 1969, when airline and casino tycoon Kirk Kerkorian bought a controlling stake in the Metro-Goldwyn-Mayer (MGM) film studio. [15] In 1970 and 1971, Kerkorian struggled with debt from his acquisitions of MGM and Western Airlines, and was forced to sell a majority of his casino company, International Leisure, to Hilton Hotels at a steep discount.
The book is operated by Circa Sports, and is the company's flagship location, [81] with seating for 1,000 people. [64] [82] It includes a three-story, high-definition 78 megapixel television screen, built at a cost of approximately $20 million. [78] [83] Up to 10 people are required to operate the screen. [84]
Finally, MGM is currently running a very aggressive stock-repurchase program. It bought 12 million of its own shares and retired them in the first quarter, spending $484 million.
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