Las Vegas’ population of 2.15 million made it the largest metropolitan area in the United States to not have a professional sports team.
Quebec City was considered a strong candidate for an NHL team, but it would be in the Eastern Conference, which currently has 16 teams, compared to only 14 teams in the Western Conference.
Team owner Bill Foley secured 15,000 season ticket deposits, far above the 10,000 that the league requested. The arena has also sold out its 42 multi-year lease suites and an additional seven of eight bunker suites.
Opportunities for Additional Events
Las Vegas does not have a major arena on the Strip. Grand Garden Arena, at 16,500 seats, is perhaps the closest, but it is 30 years old and has (until recently) very little premium seating. T-Mobile Arena has already secured major acts, including Garth Brooks, Barbra Streisand, Dixie Chicks, Marilyn Manson, and others to help fill out the NHL schedule.
Are there larger, more respected tenants than MGM Resorts International and AEG?
Alleviating Political Concerns
At one time, gambling and pro sports did not go together. There was a general fear that gambling was bad for the game. However, times are changing as leagues get involved in fantasy sports and as gambling is legalized in many states across the country.