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Private investment firm Tracinda has trimmed its position in MGM Resorts (MGM) by 10 million shares, according to a SEC filing.

The firm has continued to decrease its stake in the Las Vegas-based entertainment firm since the death in 2015 of its founder and owner Kirk Kerkorian. 

The block shares are reportedly being disposed of at $31.25 per share. 

Tracinda now holds 57.2 million shares of MGM and maintains its position as the top shareholder. 

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