Hall of Fame Resort & Entertainment Company - HOFV STOCK NEWS

Hall of Fame Resort & Entertainment Company (NASDAQ: HOFV, HOFVW) will present at the 2021 Jefferies Virtual Consumer Conference on June 22, 2021, at 4:25 p.m. ET. The event aims to engage investors and interested parties through a live webcast, accessible via the Company’s website. As a unique resort and entertainment entity, Hall of Fame Resort leverages the popularity of professional football, owning the Hall of Fame Village in Canton, Ohio, which serves as a multi-use sports and entertainment destination. Further details are available at www.HOFREco.com.

Hall of Fame Resort & Entertainment Company (NASDAQ: HOFV, HOFVW) announced its preliminary inclusion in the Russell 3000® Index, effective June 28. This recognition signifies the company's strategic growth and development since its public debut. The Russell 3000® membership ensures automatic inclusion in either the Russell 1000® or Russell 2000® Index, enhancing its market visibility. President and CEO Michael Crawford emphasized the ongoing efforts to evolve into a leading resort and sports entertainment entity.

Hall of Fame Resort & Entertainment Company (NASDAQ: HOFV, HOFVW) has added country star Dustin Lynch to its Highway 77 Music Festival lineup alongside Dan + Shay. The festival, scheduled at Tom Benson Hall of Fame Stadium in Canton, Ohio, features performances from notable artists including Eric Paslay and Tyler Farr, with tickets starting at $59. Lynch, a multi-Platinum artist, has achieved seven number one songs and over 2.22 billion streams. Dan + Shay, also Grammy winners, have seen significant streaming success, surpassing 6.5 billion streams. The festival promises a day of entertainment for country music fans.

Hall of Fame Resort & Entertainment Company (NASDAQ: HOFV, HOFVW) reported its Q1 2021 results with a revenue of $1.9 million, maintaining year-over-year levels. However, the company faced a net loss of $126.1 million due to significant expenses tied to warrant liabilities. In terms of cash flow, the company improved its cash balance to $68.6 million, driven by equity raises. Key developments include partnerships for two documentaries, a focus on NFTs, and the launch of a unique fantasy football league. The company continues to enhance the Hall of Fame Village with new fan engagement opportunities.

Hall of Fame Village Media, part of Hall of Fame Resort & Entertainment Company, is collaborating with Tupelo Honey, WCT, and ESPN to produce a World Chase Tag special airing on August 6, 2021. This event will be hosted at the Hall of Fame Village in Canton, Ohio. World Chase Tag, an innovative global competitive tag organization, has gained popularity with significant viewership, showcasing elite Parkour skills. The partnership aims to leverage this interest, promoting engaging content while honoring sports heritage.

Hall of Fame Resort & Entertainment Company (NASDAQ: HOFV, HOFVW) reported Q1 fiscal 2021 results, revealing revenue of $1.9 million, stable year-over-year, despite a net loss of $126.1 million attributed to a change in fair value of warrant liability. The company announced partnerships for two documentaries and NFTs, while progressing on construction at Hall of Fame Village. Cash balance rose to $68.6 million, aided by an equity raise. Highlights include a multi-year deal with the Women’s Football Alliance and launching the Hall of Fantasy League (HOFL). A conference call is scheduled for May 17, 2021.

Hall of Fame Resort & Entertainment Company (NASDAQ: HOFV, HOFVW) will announce its first quarter fiscal 2021 results on May 14, 2021, after market close. A conference call with company executives Mike Crawford and Jason Krom will take place on May 17, 2021, at 8:30 a.m. ET to discuss the results and fiscal outlook. The release and call will be accessible via the company's investor relations website. The company is known for leveraging professional football's popularity through its Hall of Fame Village, a multi-use sports and entertainment destination in Canton, Ohio.

Hall of Fame Resort & Entertainment Company (NASDAQ: HOFV, HOFVW) has signed a three-year partnership with American Standard, a leading plumbing products manufacturer. This collaboration designates American Standard as the official plumbing fixture technology provider for the Hall of Fame Village, enhancing its Phase II assets. American Standard will also utilize the Village as a technology hub. This partnership follows several high-profile collaborations since HOFV's public debut in July 2020, signaling robust brand confidence in the Destination's unique offerings.