Kirk Bets A Billion

No one will ever accuse Kirk Kerkorian of being cheap. In his younger days, the 76-year-old billionaire used to jet off late at night with friend Cary Grant to drop thousands at the tables in Las Vegas. But that's chump change compared with what Kerkorian's 73%-owned company, MGM Grand Inc., is spending to make its $1.03 billion, 5,005-room MGM Grand Hotel & Theme Park--opening Dec. 18--the hottest joint in an already bustling Vegas.

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