Golden Boy Promotions CEO Richard Schaefer, Clark County Commissioner Steve Sisolak, MGM Resorts International Chairman and CEO Jim Murren, WBC welterweight champion Floyd Mayweather Jr., President and CEO of AEG Dan Beckerman, sportscaster Bill Walton, P Photo

From: Photo Flash: AEG & MGM Resorts International Break Ground on New Las Vegas Arena

Las Vegas Arena Company, owned by AEG and MGM Resorts International (NYSE: MGM), broke ground today on a world-class, 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.