Hall of Fame Resort & Entertainment Company - HOFV STOCK NEWS

Hall of Fame Resort & Entertainment Company (NASDAQ: HOFV, HOFVW) has announced a multi-year sponsorship agreement with Hendrickson, a leading global manufacturer in commercial transportation products. As part of the partnership, Hendrickson will gain signage rights within Tom Benson Hall of Fame Stadium and participate in the upcoming Highway 77 Music Festival. Executive VP Erica Muhleman expressed excitement about enhancing visitor experiences while increasing revenue for the organization. This collaboration adds Hendrickson to HOFV's portfolio of high-profile sponsors.

Hall of Fame Resort and Entertainment Company (HOFV, HOFVW) has unveiled the Front Office teams for the inaugural season of the Hall of Fantasy League (HOFL), allowing fans to stake in franchises for prize winnings. The league features 10 teams managed by former NFL players and fantasy experts who will engage with stakeholders through the HOFL app. CEO Michael Crawford expressed excitement about the league's unique model, emphasizing the opportunity for fans to participate and share in winnings. The HOFL app will launch soon, offering exclusive content and team interactions.

Hall of Fame Resort and Entertainment Company (HOFV, HOFVW) announced a partnership with NFL Alumni Health to create a research initiative focused on sports safety. The initiative will take place in a new 5,000-square-foot facility at the Constellation Center for Excellence in Canton, Ohio. The aim is to enhance athletic cognitive performance and overall health through advanced research and training. The facility is expected to support athletes' health and wellness, with programming set to commence in summer 2022.

Hall of Fame Resort & Entertainment Company (NASDAQ: HOFV, HOFVW) announces the return of the NFL Alumni Academy for its second season after a successful inaugural year. The Academy facilitated 26 participants receiving workouts or signing contracts with NFL teams in its first season. Positioned at the Tom Benson Hall of Fame Stadium, the program aims to develop aspiring football players through elite coaching and training. The partnership with the NFL Alumni Association emphasizes the Academy's unique value, addressing both physical and mental preparation for a professional career in football.

Hall of Fame Resort and Entertainment Company (NASDAQ: HOFV, HOFVW) has partnered with Venuetize to develop a mobile app focused on enhancing visitor experiences at the Hall of Fame Village powered by Johnson Controls. The app aims to provide guests with essential information and seamless booking options for attractions and events. Future updates will include augmented reality features and a connection to the Hall Of Fantasy League. This initiative is expected to drive guest engagement and provide monetization opportunities for HOFV.

Hall of Fame Resort and Entertainment Company (HOFV) has partnered with Esports Entertainment Group (GMBL) to establish an esports center at the Hall of Fame Village. This venue will feature gaming facilities and accommodate esports events, opening in mid-2022. The partnership aims to capitalize on the growing demand for esports globally, with projections indicating a rise in competitive gaming audiences. This move aligns with potential expansions in esports betting as Ohio considers legalizing sports betting.

Hall of Fame Resort and Entertainment Company (HOFV, HOFVW) announced it will donate a portion of proceeds from ticket sales for the Highway 77 Music Festival to support the music therapy program at Cleveland Clinic Children’s. The festival will be held on September 12, 2021, at the Tom Benson Hall of Fame Stadium in Canton, Ohio, featuring artists like Dan + Shay and Justin Lynch. The initiative underscores the company's commitment to community service, aiming to enhance children's well-being through music therapy.

Hall of Fame Resort & Entertainment Company (HOFV) announces Starbucks, in partnership with AVI Foodsystems, as the first retailer at the Constellation Center for Excellence in Canton, Ohio. The 75,000-square-foot facility will include sports research, office spaces, and retail pads. Expected completion is in late 2021. Michael Levy, HOFV's President of Operations, highlighted the significance of Starbucks joining the retail mix, which also includes Topgolf Swing Suites and Don Shula’s. AVI Foodsystems aims to deliver premier service at the Center.

Hall of Fame Resort & Entertainment Company (HOFV) has appointed former NFL running back Terrell Davis as the first Commissioner of the Hall Of Fantasy League (HOFL). The HOFL is the first national league allowing fans to experience fantasy football with shared ownership in franchises. Davis will promote fair play and integrity in the league while leveraging his football experience to enhance the HOFL brand. The inaugural draft is set for summer 2021, with the first season coinciding with the 2021-22 NFL season. HOFV aims to engage stakeholders through exclusive content and community participation.