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#138

In this episode of On the Corner of Main Street, Jonathan Jossel and Gary Vickery sit down with the legendary Alex Yemenidjian, former CEO of MGM Studios and Tropicana Las Vegas. Alex shares his fascinating journey from Argentina to Los Angeles, his career beginnings in accounting, and his unexpected yet influential relationship with Kirk Kerkorian, one of the most iconic figures in Las Vegas history. Alex discusses the transformations in Las Vegas, from the early days of big personalities like Steve Wynn and Sheldon Adelson to the boom in themed mega-resorts like MGM Grand and New York-New York. He shares insights into his role in building MGM’s legacy, including orchestrating high-stakes events like Mike Tyson’s fights, the art of creating Vegas resorts with a "wow" factor, and his strategic acquisition of the Mirage. Later in the episode, Alex reflects on his time revitalizing the Tropicana and how he foresees the future of Las Vegas development. Tune in to hear stories about power moves, Vegas transformations, and invaluable life lessons from one of the most respected minds in gaming. 00:00 Introduction and Guest Welcome 01:09 Alex Yemanijian's Early Life and Career 02:48 Meeting Kirk Kerkorian 04:39 Working with Kirk Kerkorian 13:23 Transition to Las Vegas 18:31 Opening of MGM Grand 22:55 Downtown Las Vegas in the 90s 24:38 Downtown Transformation vs. The Strip 24:58 Managing MGM Grand: A Mini City 25:49 Secret Informants and Management 27:00 Bringing Big Fight Nights to MGM 27:32 The Don King Incident 29:50 Entertainment Legends at MGM 30:13 Acquiring New York-New York and Mirage 38:39 Tropicana Acquisition and Renovation 44:51 Mentorship and Life Lessons 46:01 Future of Las Vegas