It's the end of an era... sort of.
MGM Resorts International founder and primary shareholder is stepping down from it's board of directors in June.
Kerkorian built the largest hotel in Las Vegas three times with The International, the original MGM Grand and then the MGM Grand we know today. Inextricably linked with Las Vegas, his fortunes have risen and fallen with Southern Nevada's.
What does this mean for MGM and Las Vegas? Probably not a whole lot will change. While it seems clear Kerkorian has served as an advisor to Murren and Lanni before him, it doesn't sound like that advisory relationship will change much, at least in the near term. If MGM executives could convince the board to go ahead with CityCenter, they're pretty much being allowed to do whatever they want over there anyway.