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UFC 200 slated for July 2, 2016 at the new MGM arena

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Esther Lin, MMA Fighting

LAS VEGAS -- Preparations for the spectacle of UFC 200 are already underway.

UFC President Dana White announced Friday that the milestone event is slated to take place July 2, 2016 during International Fight Week at the MGM's new multi-million dollar arena, which is currently under construction on the Las Vegas Strip.

The arena, a $350 million, 20,000 seat project co-funding by MGM Resorts International and AEG Live, is expected to be completed in the first quarter of 2016.

And if UFC 100 was any indication, UFC 200 should be quite a show.

Featuring a championship doubleheader of Brock Lesnar and Georges St-Pierre, along with Dan Henderson's legendary knockout of Michael Bisping, UFC 100 shattered the UFC's pay-per-view record in 2009, drawing an estimated 1,600,000 buys.

Six years later, it remains the highest selling pay-per-view in UFC history.