Genting, the Malaysian gaming group, has paid $100m for a 3.2% stake in MGM Mirage, firming a relationship that could lead to future deals in Macao and the US. Genting matched the $100m that Kirk Kerkorian, MGM Mirage’s largest shareholder, invested in the US gambling group’s $1bn equity offering last month. Genting and Kerkorian’s Tracinda Corp each bought 14.3m shares at $7; Genting also bought $100m in MGM Mirage secured notes.
