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New Vegas Arena Construction Underway

LAS VEGAS (CelebrityAccess) — The Las Vegas Arena Company, a joint venture between AEG and MGM Resorts broke ground on a new, privately funded, $375 million indoor arena set to open in spring, 2016.

Located west of the Las Vegas Strip, between New York-New York and Monte Carlo resorts, the new 20,000-seat arena will host boxing, UFC and other sporting events, major headline entertainment, awards shows and special events.

Expected to host more than 100 events annually, the arena will host a complete broadcast facility, 50 luxury suites, and more than two dozen private loge boxes as well as premium dressing rooms and multiple locker facilities. The arena will also allow for multiple seating configurations to accommodate a range of events.

AEG Global Partnerships is overseeing the sale of naming rights, sponsorships, premium seating and luxury suite sales for the new venue.

“We are excited to be breaking ground today on this iconic project. Together with MGM, we have designed an arena with some of the most unique features, offerings and amenities for our fans and sponsors. We look forward to bringing the best sports and entertainment events to this new state-of-the-art arena in one of the most vibrant entertainment markets in the world,” said Dan Beckerman, President & CEO of AEG. – Staff Writers