MGM Resorts International founder Kirk Kerkorian will leave the company's board of directors in June, the casino operator announced Thursday morning.
Kerkorian, 93, who holds a 27 percent stake in the casino operator through his privately held Tracinda Corp., will become a senior advisor to the company and hold the title of first director emeritus, but he won't have any voting rights.
In a statement, the company said Kerkorian would have a standing invitation to attend any meeting of the board or its executive committee.
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