Las Vegas Sun

March 29, 2024

Kerkorian’s ex-dealmaker seeks casinos after Tropicana buy

Alex Yemenidjian, the former dealmaker for billionaire Kirk Kerkorian, is hunting for more casino acquisitions after buying the Tropicana Las Vegas Hotel & Casino out of bankruptcy.

Yemenidjian, one-time president of casino group MGM Grand Inc. and former head of the Metro-Goldwyn-Mayer Inc. film studio, said he and Toronto-based buyout firm Onex Corp. plan to build a casino company by purchasing properties, whole companies or bidding for new development licenses.

“We have looked at about 25 to 30 different opportunities,” Yemenidjian said in an interview in Las Vegas. “We are looking at two or three opportunities at any particular point in time, not just in Vegas, but everywhere.”

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