Foley Entertainment Group embraces year of growth and transition with property acquisitions, teams playing in new arena in Henderson; VGK loses to Edmonton, 4-0, Saturday
By Alan Snel of LVSportsBiz.com
It’s been a year of transition for Bill Foley’s hybrid Las Vegas sports and West Coast wine/hospitality business.
Hockey is famous for its Canadian beers, but Foley has forged its own unique convergence of hockey and wine at its two wine bars along the main hall of T-Mobile Arena and even at a wine bar in the new arena. Dollar Loan Center in Henderson.
And last year, the Foley Entertainment Group, as it is known, expanded its reach with the purchase of a premier Santa Barbara, California hotel and hostel property. of vineyard in Oregon, while watching its minor league hockey team Henderson Silver Knights and The Vegas Knight Hawks of the Indoor Football League begin play at the new arena in the Green Valley Ranch area of Henderson.
Foley mixed sports and wine while promoting his Foley Food & Wine Society at T-Mobile Arena and on VGK radio shows, with his “Inner Circle” members making two trips to see Foley’s Hotel Californian in Santa Barbara and three California Central Coast wineries. , said Eric Tosi, the chief marketing officer of Foley Entertainment Group.
The 121-room resort near the Pacific Ocean also includes a new wine tasting room.
Foley also purchased the Black Walnut Inn & Vineyard, located in Dundee, Oregon, in the Willamette Valley wine region, on March 1.
The purchase of the vineyards took place around the same time that the new 6,000-seat arena in Henderson was opening. The city of Henderson owns the $84 million venue, with Foley shelling out $42 million to build the arena.
Less than a month ago, on March 18, the Knight Hawks football team made its arena debut.
Meanwhile, Foley’s Henderson Silver Knights moved from Orleans Arena on Tropicana Avenue in Las Vegas to the medieval-themed arena in Henderson for their first game at the new venue on April 2.
LVSportsBiz.com asked Tosi about the idea of creating a “loyalty program” card for fans of all three teams – the Golden Knights, Silver Knights and Knight Hawks. Tosi said “it’s premature”, but acknowledged that the Foley Group was exploring the concept of a loyalty card for fans of all three teams.
As for the Vegas Golden Knights, who reached the playoffs in their first four NHL seasons, it’s been a turbulent season, dominated by a slew of injuries, a player trade that was rejected by the league and inconsistent play. There were impressive wins against teams like the Rangers, Predators, Panthers and Flames, while disappointing lackluster losses against teams like Vancouver.
With just three home dates remaining on VGK’s schedule, the Golden Knights average 18,090 fans per game at T-Mobile Arena after 38 dates — good for sixth in the NHL. The Knights also fill the arena to 104.2% capacity (17,367) – the best in the league.
The Knights generate very respectable ticket revenue, as their average ticket price of $124.09 is the fourth highest in the 32-team NHL. This is based on data from Team Marketing Report, which tracks the costs of attending major league sports games.
The Knights are snatching every point to qualify for the playoffs, but Vegas on Saturday suffered a big setback in Edmonton where the Oilers shut out the Golden Knights, 4-0. The Knights ended their three-game tour across Canada with a tie against Vancouver, a win over division-leading Calgary and a loss to the second-placed Oilers.
To date, VGK has not qualified for the Stanley Cup playoffs. LVSportsBiz.com will be at T-Mobile Arena on Monday for VGK’s next game against the New Jersey Devils. The Golden Knights have half a dozen games left in the season, three games in Las Vegas and three road games in Dallas, Chicago and St. Louis.
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