MGM SCORES TYSON KNOCKOUT OVER BREACHED CONTRACT

          Since Mike Tyson's boxing license is revoked, the MGM
     Grand "has decided to terminate its contract with Don King
     Productions," according to Royce Feour of the LAS VEGAS
     REVIEW-JOURNAL.  There was only one Tyson fight left on
     King's contract with MGM when Tyson's license was revoked in
     July.  MGM Grand COO Alex Yemenidjian told the AP: "We've
     reached an understanding with Don King where Mike Tyson 
     will not have a sixth fight at the MGM."  Yemenidjian added
     that Tyson's contract "had been breached because Tyson would
     not be available to fight before" his contract expired in
     March.  King received $27.5M of the $30M he had been
     guaranteed in a stock deal with MGM Grand in '95 when he
     received 618,557 shares of MGM stock.  On Thursday,
     Tracienda, the holding company for MGM's majority investor
     Kirk Kerkorian purchased the 618,557 share from King for
     $44.50 each (Las Vegas REVIEW-JOURNAL, 9/27).  With the
     deal, Kerkorian increased his stake in MGM to 62.5%, or
     36,239,822 shares (WALL STREET JOURNAL, 9/26).