Hall Of Fame Resort & Entmt Co - HOFVW STOCK NEWS

Hall of Fame Resort and Entertainment Company (NASDAQ: HOFV, HOFVW) announced a multi-year agreement with NFL legend Donald Driver to open a second Driven Elite facility at Hall of Fame Village in Canton, Ohio. The facility aims to deliver championship-level performance training for athletes of all ages within a 100,000 sq. ft. dome, the largest of its kind in the U.S. Offerings will include customized recovery services and training for youth, adults, and elite athletes. The expansion reflects HOFV’s growth strategy and commitment to enhancing athletic training services in the region.

Hall of Fame Resort & Entertainment Company (NASDAQ: HOFV, HOFVW) announced that CEO Michael Crawford will present at the Singular Midwestern Values Conference on September 14, 2022. The presentation materials will be accessible on the company's website. Hall of Fame Resort & Entertainment Company is focused on leveraging the popularity of professional football and is based in Canton, Ohio. It owns the Hall of Fame Village, a multi-use sports, entertainment, and media destination centered around the Pro Football Hall of Fame.

Hall of Fame Village Media has announced the sale of its highly anticipated documentary, THE PERFECT 10, co-produced with Fox Sports Films. The film showcases the only 10 football legends who have both won the Heisman Trophy and been inducted into the Pro Football Hall of Fame. Set to air during Super Bowl LVII week, it features insights from notable players like Tim Brown and Charles Woodson. The documentary promises an in-depth look at their remarkable achievements and life stories, connecting sports culture with personal journeys.

Hall of Fame Resort & Entertainment Company (NASDAQ: HOFV, HOFVW) reported a revenue of $2.7 million for Q2 2022, up 14% year-over-year, driven by hotel and event revenue. However, the company posted a net loss of $9.2 million, contrasting with a net income of $15.5 million in the previous year, mainly due to changes in fair value of the warrant liability. Adjusted EBITDA also showed a loss of $6.1 million, reflecting increased expenses. Cash reserves rose to $17.8 million thanks to enhanced financing and operational cash flow.

Hall of Fame Resort & Entertainment Company (NASDAQ: HOFV, HOFVW) has established a 10-year partnership with Betr, becoming its official mobile sports-betting partner. This partnership allows HOFV to gain an equity stake in Betr, facilitating revenue sharing and cross-marketing opportunities. Betr focuses on micro-betting, enhancing the betting experience by allowing real-time betting during sports events. HOFV also plans to leverage its previous partnership with Rush Street Interactive to enhance digital betting experiences in Ohio.

Hall of Fame Resort & Entertainment Company (NASDAQ: HOFV, HOFVW) has announced Season 2 of the Hall of Fantasy League (HOFL), featuring Emmitt Smith as commissioner. This season introduces a new format combining season-long and weekly contests, allowing fans to engage more deeply in fantasy football. With a cash prize pool of $75,000, the league is free to play for participants aged 21 and older in the U.S. The live draft is set for Aug. 14, 2022, with major involvement from fantasy football experts across 12 national franchises.

Hall of Fame Resort & Entertainment Company (HOFV) has appointed NFL Hall of Famer Marcus LeMarr Allen to its Board of Directors, effective immediately. Allen's experience and connections in professional football are anticipated to enhance the company's business initiatives and revenue generation. As a key ambassador for the HOFV brand, his involvement aims to bolster the Hall of Fame Village's reputation. Michael Crawford, CEO of HOFV, expressed excitement about Allen's contributions, emphasizing his unique insights and capacity to engage sports fans.

Hall of Fame Village has partnered with Molson Coors, launching the Coors Light Zone at Tom Benson Hall of Fame Stadium during the Hall of Fame Game on Aug. 4. This collaboration aims to enhance fan experiences at various events held at the stadium, featuring promotions throughout the year. As part of the partnership, attendees will receive incentives for responsible drinking, including a $5 Lyft discount. Hall of Fame Village operates under the Pro Football Hall of Fame's campus and involves significant ongoing construction projects valued at over $250 million.

Hall of Fame Resort & Entertainment Company (NASDAQ: HOFV, HOFVW) will release its second quarter fiscal 2022 results on August 11, 2022, after market close. A conference call, featuring CEO Michael Crawford and CFO Benjamin Lee, will follow on August 12, 2022, at 8:30 a.m. ET. Investors can listen live or access a replay on the Company’s website. The Company focuses on creating a multi-use sports and entertainment destination leveraging the legacy of professional football and its players through the Hall of Fame Village in Canton, Ohio.