Welcome to our dedicated page for Hall Of Fame Resort & Entmt Co news (Ticker: HOFV), a resource for investors and traders seeking the latest updates and insights on Hall Of Fame Resort & Entmt Co stock.
Hall Of Fame Resort & Entertainment Co (NASDAQ: HOFV) operates at the intersection of sports heritage and experiential entertainment through its Canton, Ohio-based Hall of Fame Village. This page serves as the definitive source for verified company news, offering investors and industry observers timely updates on strategic developments.
Access consolidated information on earnings announcements, partnership agreements, facility expansions, and leadership updates. Our repository ensures efficient tracking of HOFV's progress in sports marketing, hospitality services, and media initiatives without requiring cross-platform research.
Key updates include operational milestones from the Pro Football Hall of Fame campus, new revenue stream developments in gaming content, and strategic collaborations enhancing guest experiences. All content undergoes strict verification to maintain compliance with financial disclosure standards.
Bookmark this resource for streamlined monitoring of HOFV's unique position in sports entertainment. Return regularly to stay informed about developments affecting the company's diversified business model and market presence.
Hall of Fame Resort & Entertainment Company (NASDAQ: HOFV, HOFVW) reported its fourth quarter and fiscal year results for the period ending December 31, 2022. Fourth quarter revenue rose 2% to $3.1 million, while annual revenue surged 48% to $16.0 million, driven by event and hotel revenues. However, the company faced a net loss of $18.5 million in Q4, a significant drop from a net income of $9.3 million in the previous year, largely due to changes in warrant liability valuation. The full-year net loss was $46.9 million, an improvement from $92.8 million in 2021. Notably, the company ended the year with a cash balance of $50.5 million, up from $32.6 million.
Hall of Fame Village in Canton, Ohio, has officially opened Don Shula's American Kitchen, a unique restaurant concept honoring the legendary NFL coach. This family-friendly venue offers a diverse menu of American classics, showcasing an all-day offering that includes starters, salads, sandwiches, and entrées. Highlighting Shula's legacy, guests can enjoy the ambiance featuring sports memorabilia and oversized screens for game viewing. The restaurant aims to enhance the Fan Engagement Zone experience at Hall of Fame Village, which is growing with additional attractions and amenities for visitors.
Hall of Fame Resort & Entertainment Company (NASDAQ: HOFV, HOFVW) announced it will release its fourth quarter fiscal 2022 results on March 27, 2023, after Nasdaq trading closes. The company operates a unique resort and entertainment destination centered around professional football. A conference call will follow on March 28, 2023, at 8:30 a.m. ET, featuring President and CEO Michael Crawford and CFO Benjamin Lee to discuss the results. Investors can access the call via the company's website. More information about the company can be found at www.hofreco.com.
Hall of Fame Village (NASDAQ: HOFV, HOFVW) announces comedian Kevin Hart will perform at Tom Benson Hall of Fame Stadium in Canton, Ohio, on May 18, 2023. General ticket sales begin March 3, 2023, at 10 AM ET via hofvillage.com. Hart's Reality Check Tour was named the #1 Comedy Tour of 2022 by Billboard. Over his career, Hart has grossed over $4.23 billion and opened eleven #1 films. Mike Levy, President of Operations, anticipates high demand for tickets given Hart's popularity. The event adds to Hall of Fame Village's ongoing development as a sports and entertainment hub.
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 (HOFV) announced a 1-for-22 reverse stock split effective on December 27, 2022. This move aims to comply with Nasdaq's minimum bid price requirement, ensuring the company's continued listing. The split was approved by shareholders on September 29, 2022, and the Board officially sanctioned it on December 21, 2022. All outstanding securities will be adjusted accordingly, though no fractional shares will be issued. The par value remains at $0.0001 per share, and the stock will trade under the same symbol, HOFV.
Hall of Fame Resort & Entertainment Company (HOFV) has appointed Amy Liles as its Senior Vice President of Sales, effective immediately. Liles will lead the Corporate Partnership Sales and Activation Department to enhance revenue and partner relationships. With extensive experience, including her previous role at Andretti Autosport, she brings a strong background in corporate outreach and partnership development. To incentivize her appointment, the company granted her 85,499 restricted stock units, vesting over three years. This strategic hire aims to drive continued business success for HOFV.
Hall of Fame Resort & Entertainment Company (HOFV) announced a partnership with the Pro Football Hall of Fame to feature the Zac Brown Band at the 2023 Concert for Legends during Enshrinement Week on August 5 at Tom Benson Hall of Fame Stadium in Canton. Tickets go on sale on December 16, 2022, at 10 a.m. ET. HOFV aims to enhance its entertainment offerings, showcasing high-caliber performances to attract visitors. The tour follows the band’s successful prior tours and features over 30 shows across North America.
Hall of Fame Resort & Entertainment Company (NASDAQ: HOFV) has secured a $15.8 million Transformational Mixed-Use Development (TMUD) tax credit from the Ohio Tax Credit Authority. This funding is designated for the construction of a football-themed waterpark and Hilton Tapestry Hotel at Hall of Fame Village. The award represents the highest amount available under this program and is part of a competitive selection process, with only 12 projects receiving funding for 2023. Company CFO Benjamin Lee emphasized the significant economic impact on Stark County and the importance of this financial support.
Hall of Fame Resort & Entertainment Company (HOFV) announces the launch of the HOFV-Pass 2023 NFT on December 7, 2022. This limited edition collection includes only 110 NFTs, categorized into two levels—Navy ($100) and Diamond ($500). Each pass grants exclusive access to events, experiences, and discounts at Hall of Fame Village. The NFTs are unique ERC-721 tokens, each accompanied by a distinct digital avatar. Sales commence on December 7, with purchases possible via credit cards or crypto wallets on the Polygon blockchain.
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