Las Vegas is one step closer to adding an NBA team to its already thriving sports scene. Billionaire businessman Bill Foley, founder and majority owner of the NHL's Vegas Golden Knights, has thrown his hat into the ring with a bid to bring an NBA franchise to the city. Foley's announcement on Monday marks the latest development in a long-held dream to bring professional basketball to the Entertainment Capital of the World. With the Golden Knights' success serving as a model for the city's ability to support a top-tier sports team, Foley's bid is seen as a strong contender to bring the NBA to the vibrant city of Las Vegas.

Golden Knights founder and majority owner Bill Foley announced Monday that he is launching a bid to bring an NBA franchise to Las Vegas.