MGM's CEO Calls Kerkorian a 'Benevolent' Shareholder; Sees Vegas Visitations Rising 7-10% in '10
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Doing an interview in New York, MGM MIRAGE's (NYSE: MGM) Chairman and CEO, Jim Murren, is making some comments about Kirk Kerkorian and the recent reports that he is exploring strategic partnerships for the casino operator.
Murren described Kerkorian as a "benevolent" shareholder and said that he won't break up the company. Instead, Murren notes that Kerkorian sees a "dislocation in value" and that the recent steps are aimed at realizing MGM's full value. Murren said that they are in fact getting calls from potential investors.
Separately, the MGM exec said he expects to see Las Vegas visitations rise 7-10% next year.
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