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The company's background can be traced to 1969, when airline and casino tycoon Kirk Kerkorian bought a controlling stake in the Metro-Goldwyn-Mayer (MGM) film studio. [15] In 1970 and 1971, Kerkorian struggled with debt from his acquisitions of MGM and Western Airlines, and was forced to sell a majority of his casino company, International Leisure, to Hilton Hotels at a steep discount.
Grand Sierra Resort (formerly MGM Grand Reno, Bally's Reno and Reno Hilton) is a hotel and casino located approximately three miles east of Downtown Reno, Nevada.The hotel has 1,990 guest rooms and suites, 27 floors, 12 restaurants, including Charlie Palmer Steak by celebrity chef Charlie Palmer, [1] and a casino with 80,000 sq ft (7,400 m 2) of space.
It originally opened as the MGM Grand Hotel and Casino on December 4, 1973. The 26-story hotel contained 2,100 rooms and was among the world's largest hotels. On November 21, 1980, the MGM Grand was the site of one of the worst high-rise fires in United States history, in which 85 people died. The MGM Grand was rebuilt at a cost of $50 million ...