Professional Documents
Culture Documents
Gambling, loosing,
winning, clubs, bars? The list could go on but one thing unable to be listed is a professional
sports team and complex. Actually, that statement is false this year the NHL has announced the
Las Vegas Knights as the newest edition of the National Hockey League. Some may ask what
this is going to do for the NHL and if it was worth it but as easy as that question is, the answer is
easier. The edition of the new sports complex would open up the world of profit for the NHL but
not only the NHL would benefit, those residents of Las Vegas to even the state of Nevada. The
creation of this team and the sport complex will cause a chain reaction that will not just benefit
the direct people involved but just the population in general.
When Las Vegas is brought up the only thing that comes to mind is the chance of losing
money and a great place that everyone wants to go vacation to lose money. But what do the
residents feel about this? With the diversification and hot spot of Boston Massachusetts, I was
able to find and ask a few questions from residence of Nevada about the whole casino look of
Las Vegas. Overall, most of the interviewees all had a common thought which was that they
opened up job opportunities and it gives the state of Nevada something to be proud about. The
graph below shows the economic status of the major city in Nevada, Las Vegas.
As the chart shows, the current job growth is a very small number at 3.53 percent but this
number is bound to change, in a good way. Statistics show that the future job growth rate is
going to be as high as 39.87 percent. But what could possibly make this number jump that high.
Its an easy answer after the NHL has announced the creation of the new sports complex and the
newest team the Las Vegas Knights.
With this team brought in to the National Hockey League they were required to create a
new stadium which you cannot have a new stadium without people running it. Where will these
people come from? The state! "[The] recently built Lucas Oil Stadium, home of the Indianapolis
Colts, employed 2800 back in 2008." (https://www.quora.com). Obviously the creation of this
new stadium for the Indianapolis Colts created so many jobs for the people in Indianapolis. It
would be surprising if the same thing cannot happen in one of the biggest cities in the nation.
Keep in mind, "The home of Las Vegas naturally has an outsize gaming sector. About 183,000
Nevadans are employed by Casino hotels, with another 10,000 employed by non-hotel casinos
and other gambling establishments." (http://www.businessinsider.com). With the creation of this
new stadium these Casino hotels are going to need more employees to cover for those who are
trying to celebrate in the city after a game night victory for this new NHL team. And who knows
with this team other investors may use this to invest in to hotels and casinos around that area,
again opening up jobs for the citizens of that area. If the cards are played correctly which I am
sure the staff will, they could also open up the arena to lets say professional wrestling which
would be a huge as it is ranked number eight in the top ten most popular sports. This would
benefit for the owners of the stadium and the market of professional wrestling. Having this huge
stadium in Las Vegas and having these events being held there will surely have a huge positive
impact on the economic side for the city, state, NHL, and even professional wrestling.
Furthermore, to add on putting more professional sports teams in this stadium, both teams
from the National Hockey League and the National Basketball Association are commonly known
to share a stadium for example the Boston Bruins and the Boston Celtics share the TD Garden to
try to get maximum profit by given more sporting events which increases revenue from ticket
sales to even food sales. Online sources have mentioned that the Las Vegas Knights are in the
future are willing to add the addition of a professional basketball team to the stadium. This could
go in two paths. The first one would be the completely new creation of an NBA team and the
second would be having a team move to Las Vegas. Both of which would do the same thing as
this new NHL team, increase revenue for the stadium, owners, city, state, and even both leagues
would benefit. But the job opportunities that would open up for the state would be countless and
that job growth rate of 3.53 percent will definitely increase past the projected 39.87 percent job
increase.
To branch off opening up jobs, at the stadium, with the creation of a new NHL team there
needs to be a minor team created for this professional team. With the creation of this minor team,
there would need to be another stadium created for them which would do the same thing as the
Las Vegas Knights stadium. Open up the job market for where ever this is going to be placed to
even opening up merchandise sales for these smaller communities where this arena would be
placed. This addition is not just going to benefit economically for these cities but also the
National Hockey League in general.
As seen in the graph below the NHL is
in the color purple:
Clinton, Jared. "Las Vegas Team Sells out of Season Tickets for 2017-18 | The
Hockey News." The Hockey News. N.p., n.d. Web. 13 Dec. 2016.
"Full Season Tickets." Official Site of the National Hockey League. N.p., n.d.
Web. 13 Dec. 2016.
"How Many People Are Employed at the Stadium for a Pro Football Game?"
How Many People Are Employed at the Stadium for a Pro Football Game? -
Quora. N.p., n.d. Web. 13 Dec. 2016.
Kiersz, Andy. "RANKED: The Economies of All 50 US States and DC from Worst
to Best." Business Insider. Business Insider, 03 Aug. 2015. Web. 13 Dec. 2016.