Kirk Kerkorian Said to Have Passed Away

(Updated - June 16, 2015 10:42 AM EDT)

Tracinda Corporation's Kirk Kerkorian is Said to Have Passed Away:

Breaking news: MGM founder Kirk Kerkorian has died in Los Angeles at age 98. Story coming to @reviewjournal #lvrj

— Howard Stutz (@howardstutz) June 16, 2015

UPDATE - According to the Las Vegas Review-Journal, Kerkorian died in Los Angeles on Monday night following a brief illness.

Kerkorian was the largest shareholder in MGM Resorts International (NYSE: MGM), last reporting an 18.58 percent stake.

MGM's Chairman & CEO, Jim Murren, said, MGM Resorts and our family of 62,000 employees are honoring the memory of a great man, a great business leader, a great community leader, an innovator, and one of our country’s greatest generation ... Mr. Kerkorian combined brilliant business insight with steadfast integrity to become one of the most reputable and influential financiers of our time.

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