Multimillionaire Kirk Kerkorian has announced that he will search for alternatives for his investment in the MGM Mirage, the second biggest casino chain in the world, of which he owns 56% of the stacks. This could lead to the purchase of two properties in Las Vegas.

Tracinda Corp, Kerkorian’s Holding, has announced its intention to initiate conversations in order to analyze the possible acquisitions of the Bellagio Hotel & Casino and the CityCenter complex, which is yet under construction.

Tracinda is studying also some other options such as a possible financial restructuring of the rest of the company. After the shareholders meeting, MGM Mirage is going to study Kerkorian’s announcement. Tracinda, in the fight for the Bellagio, is chasing “the jewel of the MGM list”, according to USB analyst Robin Farley in a note to his clients.

Kerkorian, who is 89 years old, son of an Armenian immigrant, has bought and sold the Metro Goldwin Meyer movie studios three times since 1973. In 1980 he created MGM Grand Inc., the casino company, and acquired Mirage Resorts in 2000 after paying 6,400 million dollars. MGM Mirage owns ten casinos in Las Vegas.