MGM bets on live events with T-Mobile Arena, new theatre

LAS VEGAS -- The latest multi-million dollar development on the Las Vegas Strip features a leafy outdoor pedestrian area, 20,000 seat arena and small theatre.

It's a move to double-down on events and live entertainment that marks yet another significant pivot away from gambling in Sin City.

This week, MGM Resorts International begins unveiling its $575 million, 22-acre entertainment district on the southern end of Las Vegas Boulevard.

The T-Mobile Arena debuting Wednesday has lined up a series of high-profile music and sports events on its calendar and hopes it can also be the home of a professional hockey team should the National Hockey League approve expansion.

A 5,300-seat theatre designed for headliners to play in residence at the Monte Carlo is scheduled to open by the end of the year.