The Ottawa Senators are a professional ice hockey team based in Ottawa, Ontario, Canada. They are members of the Northeast Division of the Eastern Conference of the National Hockey League (NHL). The Senators play their home games at the 19,153 seat (20,500 capacity) Scotiabank Place which opened in 1996. Founded and established by Ottawa real estate developer Bruce Firestone, the team is the second NHL franchise to use the Ottawa Senators name. The original Ottawa Senators, founded in 1883, had a famed history, winning 11 Stanley Cups and playing in the NHL from 1917 until 1934. On December 6, 1990, after a two year public campaign by Firestone, the NHL awarded a new franchise, which began play in the 199293 season. The current team owner is Eugene Melnyk, and in 2011, the club was valued by Forbes Magazine at $201 million.