MGM Grand owns the MGM Grand Hotel Casino and Theme Park, the world's largest hotel and casino, as well as MGM Grand Air. The MGM Grand and Primadonna Resorts will jointly own, develop and operate New York-New York. Crews are expected to break ground on the vacant 18-acre parcel by the end of the year, and finish construction on New York-New York by 1996. MGM Grand said it will contribute the land across from its $1 billion MGM Grand Hotel, Casino and Theme Park for the new venture. Maxey, MGM Grand's president and chief executive officer. 'The hotel/casino will virtually re-create the best of New York, with themed restaurants, a theater and an exclusive entertainment center with multiple rides and attractions,' said Robert R. The project, the first-ever joint venture for both companies, will feature a 1,500-room hotel, water rides, a Coney Island-style roller coaster and a re-creation of the New York City skyline. announced Thursday they have teamed up to build a $300 million New York-themed hotel and casino on the Las Vegas Strip.
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