Hall of Fame Resort & Entertainment

Hall of Fame Resort & Entertainment

A leading sports, entertainment, and media enterprise.

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Total Funding000k

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Revenues, earnings & profits over time
USD2018201920202021202220232024
Revenues0000000000000000000000000000
% growth-14 %(10 %)52 %48 %51 %(12 %)
EBITDA0000000000000000000000000000
% EBITDA margin(89 %)(125 %)(292 %)(208 %)(159 %)(88 %)(12 %)
Profit0000000000000000000000000000
% profit margin(488 %)(711 %)(1004 %)(858 %)(287 %)(285 %)(263 %)
EV0000000000000000000000000000
EV / revenue00.0x00.0x00.0x00.0x00.0x00.0x00.0x
EV / EBITDA00.0x00.0x00.0x00.0x00.0x00.0x00.0x
R&D budget0000000000000000000000000000

Source: Company filings or news article

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Hall of Fame Resort & Entertainment Company (NASDAQ: HOFV) is a publicly traded entity operating at the intersection of sports, entertainment, and media. The company was established in 2020 through a merger between HOF Village, LLC, and Gordon Pointe Acquisition Corp. This strategic combination leverages the brand power of the Pro Football Hall of Fame to create a multi-faceted destination and content enterprise.

The company is helmed by Chairman, President, and CEO Michael Crawford, who joined in December 2018. An Ohio native, Crawford brought extensive experience from a nearly 25-year tenure at The Walt Disney Company, where he rose to Senior Vice President and General Manager of Shanghai Disney Resort, and a four-year period at Four Seasons Hotels and Resorts, where he served as Global President of Portfolio Management. His background in developing and managing large-scale entertainment destinations and hospitality portfolios directly informs the company's ambitious development strategy.

The core of the business is the Hall of Fame Village, a 100-acre destination resort in Canton, Ohio, designed as a multi-use sports and entertainment "Smart City." Revenue is generated through several synergistic verticals. The Destination-Based Assets division includes the Tom Benson Hall of Fame Stadium for sporting events and concerts, the ForeverLawn Sports Complex for youth sports, and various hospitality and retail components like the DoubleTree by Hilton hotel, and future assets like an indoor waterpark. The company earns money from event hosting, rentals, sponsorships, and hotel operations. Another key division is Hall of Fame Village Media, which produces original content leveraging its direct access to the Pro Football Hall of Fame archives. The third vertical, Gold Summit Gaming, focuses on eGaming, sports betting, and fantasy sports, including the acquisition of The Crown League, a fantasy football league.

This diversified model aims to create multiple revenue channels by engaging professional football fans across various platforms. The company hosts a wide range of events, from NFL and OHSAA football championships to concerts by major artists and community events like Winter Blitz. Strategic partnerships with organizations like the NFL Alumni Association and prominent companies such as Coca-Cola and Johnson Controls are integral to its growth, enhancing brand visibility and operational capabilities.

Keywords: sports entertainment, destination resort, media production, professional football, live events, hospitality, eGaming, fantasy sports, sports tourism, Canton Ohio, Pro Football Hall of Fame, Michael Crawford, Hall of Fame Village, Tom Benson Stadium, themed entertainment, youth sports complex, brand partnerships, public company, real estate development, content creation

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Investments by Hall of Fame Resort & Entertainment

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ACQUISITION by Hall of Fame Resort & Entertainment Aug 2020