via VegasWantsHockey,

"We are pleased to report that the NHL has invited us to participate in Phase II of the application process. In this phase, we will be providing the League with additional information requested by it, including information about the Las Vegas market. We will also be permitted access to information provided by the League that it deems important to us. We are hopeful that at the conclusion of this phase the league will invite us to participate in Phase III."

added 2:14pm,