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AEG to partner with MGM Resorts on new Vegas arena
By Chris Cooke | Published on Thursday 20 June 2013
AEG has announced plans to build a 20,000 seat arena venue in Las Vegas in partnership with MGM Resorts.
The live firm has been in talks for years to open an arena venue in the US city, with plans to build a facility that’s larger than existing arenas in Vegas, in a bid to attract bigger concerts and sport events. The new arena will be built on land already owned by MGM Resorts, and will be designed by Populous, which designed the O2 Arena in London, amongst other venues. It should open in 2016.
AEG CEO Dan Beckerman told CMU: “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 organisations, we will create an arena that offers fans the best live entertainment experience”.
MGM boss Jim Murren added: “Finalising our agreement with AEG and selecting Populous, a world class design firm, as the architect of this project are both important milestones in this process. The combination of MGM and AEG, along with the excellent Las Vegas Strip location, is already driving interest from potential investors in this exciting new development”.
