Hall of Fame Resort & Entertainment Company (HOFV) is a leading entertainment related company engaged in pro football business. The company leverages the popularity of football professionals in collaboration with pro football. The company possesses leading media, sports and entertainment businesses across the globe.
The price of the company’s stock during the regular trading on January 27, 2022 was $1.14 with a surge of 1.7%, giving back gains made earlier today.
HOFV: Events and Happenings
On January 27, 2022, HOFV reported about its entry into a ten-year collaboration with Genesis Global Ltd. After the agreement, Genesis will be the authorized mobile sports-betting collaborator of the Company. On January 12, 2022, HOFV reported about achievements of season two NFL Alumni Academy. HOFV reported on January 10, 2022 about its entry into a contract regarding content development with Rashad Jennings. He is the leading businessperson and ex NFL running back.
On January 5, 2021, HOFV reported that the Atlanta Hot Wings became the pioneer winner in the Hall of Fantasy League, after beating Boston Barflies. HOFV reported about its entry into a 10-year partnership with Rush Street Interactive, Inc. on December 23, 2021. Both the companies agreed upon the allowance for leading sports betting location’s process.
On December 20, 2021, the company reported about its entry into a partnership with SMOOSH Cookies for bringing its pioneer location to the HOFV. HOFV reported about its entry into a multi-million-dollar partnership with ForeverLawn, Inc. on December 7, 2021. Both parties agreed upon making ForeverLawn the authorized synthetic turf collaborator of HOFV.
On December 1, 2021, HOFV reported that the company’s Executives presented at Truist Securities Gaming, Lodging, Leisure and Restaurants Summit 2021 held on December 9, 2021.
HOFV: Key Financials
On November 10, 2021, HOFV reported its financial results for third quarter ended September 30, 2021. Some of the key points are as follows.
Revenue
Revenue in Q3 2021 was $3.5 million compared to $1.67 million in the same period prior year. The company recorded revenue increase of 108% over the year.
Net Income
Net income in Q3 2021 was recorded $8.1 million against net loss of $8.3 million in the same period of 2020.
Conclusion
HOFV stock is on a declining verge from the past six months period due to recessive economic conditions in pandemic. The recent gain in the early trading hours, as suggested by the experts, is the outcome of its long-term agreement with a leading company. The analysts are hoping that the company will reap the benefits of current collaborations in the future in the form of heavy investment.
