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The MGM Grand Las Vegas is a hotel and casino located on the Las Vegas Strip in Paradise, Nevada.It is owned by Vici Properties and operated by MGM Resorts International.The resort was developed by Kirk Kerkorian through his company, MGM Grand, Inc. Kerkorian had previously developed another MGM Grand, opened on the Strip in 1973 and renamed Bally's in 1986.
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.
Boyd Gaming Corporation is an American gaming and hospitality company based in Paradise, Nevada.The company continues to be run by founder Sam Boyd's family under the management of Sam's granddaughter, Marianne Boyd-Johnson, who currently serves as the company's executive chairman after her father, Bill, was appointed Chairman Emeritus in May 2023.
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[318] [319] [320] Viva Las Vegas closed in December 2006. [321] American Superstars closed in March 2011, as the producers and resort came to a mutual decision to end the show after a 15-year run. It was one of the longest-running shows in Las Vegas history. [303] [302] Later that year, singer Frankie Moreno signed a two-year residency.
[22] [23] The Las Vegas Valley had been overbuilt with hotel rooms during a time of lessened demand, [24] [25] [26] and the Dunes was also the southernmost resort on the Strip, located a considerable distance from other properties. [27] A Dunes attorney blamed the resort's financial trouble on a persistent losing streak in its casino.