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Kirk Kerkorian interested in Bellagio and Project CityCenter

Could another private investor buyout be in the works… this time from billionaire Kirk Kerkorian?

Kerkorian already owns 56 percent of MGM Mirage and, through his investment company Tracinda Corp., is looking at ways to restructure the remaining portion, starting with possibly purchasing Bellagio and the Project CityCenter, MGM’s flagship properties that are valued at $10 billion each.

Just the speculation was enough to drive up shares of MGM Mirage a whopping 16 percent in after-hours trading from $62.95 (up 15 cents yesterday) to $73.25.

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