Hall of Fame Resort & Entertainment Company - HOFV STOCK NEWS

Hall of Fame Resort & Entertainment Company (NASDAQ: HOFV, HOFVW) partnered with Team Whistle and WaV Sports to create a six-episode docuseries titled “The Academy.” Set to follow participants of the NFL Alumni Academy, the show aims to provide insights into the training and mental toughness of aspiring NFL players. With plans for early 2022 release, the series will complement additional short-form content across social media platforms boasting over 629 million followers. The collaboration hopes to capture audiences akin to popular sports series like 'Hard Knocks.'

Hall of Fame Resort & Entertainment Company (HOFV) has announced the opening of a new location for The Brew Kettle at the Hall of Fame Village in Canton, Ohio. This partnership will provide visitors with a new dining option alongside previously announced attractions, including the Topgolf Swing Suite. The Brew Kettle will feature a 4,000-square-foot patio and offer a variety of craft beers and food. This collaboration aims to enhance the entertainment experience and broaden the footprint of The Brew Kettle in Ohio, adding to other known retail establishments at the Destination.

The Women's Football Alliance (WFA) has partnered with the NFL Alumni Academy for its Diversity Development Program, providing coaching training opportunities for WFA coaches and players. This collaboration will allow six WFA individuals to train under experienced NFL coaches including Mike Tice and Chip Smith at the Hall of Fame Village in Canton, Ohio. The internship aims to enhance coaching skills and increase representation of female coaches in professional football. The program aligns with the NFL's aim to improve diversity and inclusion in sports.

Hall of Fame Resort & Entertainment Company (NASDAQ: HOFV, HOFVW) has postponed the Highway 77 Music Festival, originally set for September 12, 2021, due to a rise in COVID-19 cases in Ohio. The festival will be rescheduled to a later date in summer 2022, with the lineup announced in the coming months. The company prioritizes the health and safety of its visitors and will issue full refunds automatically to ticket purchasers. CEO Mike Crawford emphasized the need for caution, highlighting ongoing evaluations of future events amidst the pandemic.

Hall of Fame Resort & Entertainment Company (NASDAQ: HOFV, HOFVW) announced Q2 2021 results, showing a 39% revenue increase to $2.4 million, mainly driven by hotel revenue. Net income stood at $15.5 million, boosted by a $26.3 million change in warrant liability fair value. However, adjusted EBITDA reported a loss of $5.6 million due to operational investments. The company ended Q2 with $73.7 million in cash. Recent highlights include a successful Enshrinement Week event, a $15.2 million capital raise, and strategic partnerships to enhance its gaming and media ventures.

Hall of Fame Resort and Entertainment Company (NASDAQ: HOFV, HOFVW) has partnered with Anheuser-Busch as the official beverage sponsor for the Highway 77 Music Festival on September 12. The event is set to take place at the Tom Benson Hall of Fame Stadium and will feature performances from popular country artists like Dan + Shay and Dustin Lynch. Anheuser-Busch will offer exclusive items to concert-goers and host a sweepstakes throughout August, enhancing the overall festival experience.

Hall of Fame Resort and Entertainment Company (NASDAQ: HOFV, HOFVW) has launched the Hall Of Fantasy League (HOFL) mobile app, now available on the App Store. The HOFL enables fans to engage as Stakeholders, influencing their teams' Front Offices. Key app features include staking, team management, live scoring, and exclusive content. The inaugural HOFL Draft is scheduled for August 15, 2021, coinciding with the NFL season. The company emphasizes the innovative approach to fantasy football, enhancing fan interaction and community engagement.

Hall of Fame Resort and Entertainment Company (HOFV, HOFVW) and Dolphin Entertainment (DLPN) have launched a unique NFT series called “Playbooks,” featuring iconic plays from six legendary athletes. Available from August 5, 2021, on FTX, these NFTs are priced at $25 each and offer collectors exclusive experiences, including signed memorabilia and virtual meet-and-greets. Featured athletes include Pro Football Hall of Famers such as Marcus Allen, Tim Brown, and Shannon Sharpe. The launch coincides with the football season, allowing fans to engage with their favorite legends.

Hall of Fame Resort and Entertainment Company (NASDAQ: HOFV, HOFVW) will announce its second quarter fiscal 2021 results on August 12, 2021, after Nasdaq trading closes. The company has scheduled a conference call for August 13, 2021, at 8:30 a.m. ET, featuring commentary from Michael Crawford, President and CEO, and Jason Krom, CFO. Investors can access a live webcast of the call on the Company’s investor relations website.