AEG and MGM Resorts International have formalized details in a joint venture to build a 20,000-seat indoor arena in Las Vegas. The arena will be part of a revitalization of the area between New York-New York and Monte Carlo Resorts, extending from Las Vegas Blvd to Frank Sinatra Drive.
The arena is expected to break ground in summer 2014, with a grand opening expected in spring 2016. The project is expected to cost approximately $350 million.
Dan Beckerman, President & Chief Executive Officer, AEG, said, “After spending many years exploring a variety of arena opportunities in Las Vegas, we are excited to have consummated a partnership with MGM Resorts International, the leading gaming and hospitality company, to begin designing and building a state-of-the-art arena on such an ideally located site. Bringing together the knowledge, experience and assets of our respective organizations, we will create an arena that offers fans the best live entertainment experience.”
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Jessica Nicholson serves as the Managing Editor for MusicRow magazine. Her previous music journalism experience includes work with Country Weekly magazine and Contemporary Christian Music (CCM) magazine. She holds a BBA degree in Music Business and Marketing from Belmont University. She welcomes your feedback at jnicholson@musicrow.com.View Author Profile
