from Darren Dreger of TSN,

"There will be a formal announcement soon," is how prospective NHL owner Bill Foley responded when asked if his group is moving closer to expansion to Las Vegas.

Foley won't divulge specifics, but says he hopes to be in position to make the announcement in a month.

"We're really pleased with how it's going," Foley told TSN. "Now we want to expand our base to ensure the support we have is as widespread as possible."

Sources familiar with this process suggest the corporate sector, including the many casinos in Las Vegas represent the next phase of the ticket drive and overall market study.

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