Billionaire Kirk Kerkorian, who built two of Las Vegas' largest hotels, has pledged a $2 million gift to the University of Nevada-Las Vegas.

"This is a landmark day for this young campus," UNLV president Robert Maxson said. Maxson said the gift would be used for various academic projects. The gift was given for use at the president's discretion.Kerkorian built the International Hotel in Las Vegas, now the Las Vegas Hilton, and the MGM Grand, now Bally's. He also plans to build a 5,000-room hotel and movie theme park on the Las Vegas Strip.