by Michael J. Shapiro | May 07, 2014
AEG and MGM Resorts International broke ground Thursday on the privately funded, $375 million indoor arena the companies are constructing between the New York-New York and Monte Carlo casino resorts on the Las Vegas Strip. The 20,000-seat arena will open in spring 2016 and will host boxing, UFC and other sporting events, in addition to major performances, awards shows and the like.