UPDATE 1-Tracinda to explore options for MGM Mirage stake


(Adds background) PHILADELPHIA, May 21 (Reuters) - Billionaire investor Kirk Kerkorian's Tracinda Corp. said it would explore strategic options for its investment in MGM Mirage Inc. and would enter talks to purchase the No. 2 U.S. casino operator's Bellagio Hotel and Casino, and CityCenter properties in Las Vegas. Tracinda said the alternatives for its MGM Mirage investment may include financial restructurings of all or a substantial part of the remainder of the casino and hotel ...

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