After one year of construction, the $90 million theatre opened on December 17, 2016, with a concert by Stevie Nicks. Spearheaded by MGM Resorts International and AEG, construction began Novemon the 'MGM Resorts Theater' (later known as the 'MCR Concert Hall' before settling on its current name) at the site of the former Lance Burton Theatre. The theater was announced in July 2015, as part of the mass redevelopment of the aging Monte Carlo Resort and Casino. The theater sits adjacent to the T-Mobile Arena and Toshiba Plaza. Opening in December 2016, the theater primarily hosts concerts and residencies and is the second-largest theater on the Las Vegas Strip. MGM Resorts Theater (planning/construction)ĭolby Live (formerly Park Theater) is an indoor amphitheater on the grounds of the Park MGM casino hotel in Paradise, Nevada.