Is MGM planning an EDM festival in Las Vegas with a capacity of 130,000 fans this summer?

According to Robin Leach, MGM CEO Scott Sibellus has just announced plans for a major EDM festival to take place at the Motor Speedway this summer:

Up to this point EDC Las Vegas was the only festival to use the Las Vegas Motor Speedway grounds for a major event. But it now seems that major casinos are interested in getting into the festival business. With MGM now home to the new Hakkasan super club and popular Wet Republic establishments, adding a major festival to their roster of events is a bold move in the ultra-competitive Las Vegas landscape.

Read this: The best tweets from IMS Engage

Yesterday in Los Angeles, some of the brightest thinkers behind the EDM boom came together to share their thoughts in a one day conference called IMS Engage. Using the hashtag #IMSengage, people from all over the world could read key quotes from the speakers at the conference. Speakers at at this conference included Pete Tong, Ben Turner, Skrillex, Shelly Finkel (SFX Entertainment), Matthew Adell (Beatport), Russell Simons, Amy Thomson (Manager of Swedish House Mafia), Diplo, and more.

Luckily for you dear reader I was able to closely follow the tweets from #IMSengage yesterday and here are my favourite quotes from the conference:

(Amy Thomson later clarified that it was American bankers that she was referring to)

To read all of the tweets from #IMSengage, click here. ​