Wednesday, July 22, 2020 1:11:31 PM
Fantasy sports is a vertical that the Hall of Fame Resort & Entertainment Company believes it can grow. The vertical is currently an $18 billion market “expected to grow to nearly $43.4 billion by 2026.” Crawford is hesitant to put a number on the upside in the HOFV fantasy outfit, but he did say he expects The Crown League (an asset they acquired in mid-June) would “likely become a significant contributor to the company’s revenue and EBITDA lines” within the next half decade.
Crawford is confident once HOFV “stands up its fantasy vertical and starts to gain greater potential in e-gaming” that number will be “$500 million or larger.” He said, “There’s tremendous upside to having a horizontally integrated sports-driven company based on the most powerful sport in America.”
*If Crawford’s projections are correct, the fantasy league revenue alone would double the current marketcap.*
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Very happy to hear that Cesar was a confirmed partner. They were removed from the investor presentation for May 2020 as well as the HOF website.
Potential for Cesar Entertainment partnership:
- Event management: concerts at the HOFV Including artists such as Pitbull, Toby Keith, Kid Rock, Marroon 5, and Imagine Dragons.
- Sportsbook: sports betting will be backed by Cesar.
- Las Vegas HOF Hotel: this is a work in progress, but has been hinted at through various investor presentations.
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one of the biggest misconceptions/bear arguments of HOFV is that Covid-19 will have an effect on revenue/attendance. Let’s discuss why this is not true...
1. The HOFV is just starting phase 2 of construction (hotel, waterpark, fields, stores, hotel, etc.). How can Covid effect attendance/revenue if the village will not open to the public until 2023?
2. Mike Crawford (CEO) has confirmed that construction and the long term development plan remains unaffected by Covid-19. Phase 2 is already in development.
3. The Hall of Fame Game/induction ceremony has been canceled. If anything the cancelation of the public event will only expedite the construction phase. The cancelation of the game/induction had a minimal effect on the stock.
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Investing in Youth Sports sounds like a good charity, but is it actually profitable?
The answer is surprisingly, yes. Very profitable. Youth sports is currently valued at $19.2b in the United States alone. If you include worldwide, it’s estimated around $24b.
What is the market trajectory?
“Markets are expected to reach $77.6 billion by 2026. Youth sports teams will continue to get more organized and depend on software to provide increased management efficiency. Video images of play will provide better coaching.”
How does this effect HOFV?
On June 3rd 2020, HOFV invested in a 50% stake in rights to Youth Sports Management. “Hall of Fame Village youth sports complex has (already) hosted over 200,000 athletes and spectators through nine months of programming provided over 36 weekends. Investing in the continued growth of the leading youth football and sports complex's events and youth engagement activities is a core tenet of HOFV's multi-pronged strategic plan.”
Recent HOFV News
- Hall of Fame Village Media Launches "Hometown Heroes" in Partnership with ReachTV • PR Newswire (US) • 09/20/2024 06:00:00 PM
- Hall of Fame Resort & Entertainment Company to Participate in Upcoming Conferences • PR Newswire (US) • 09/09/2024 12:30:00 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 08/30/2024 08:05:26 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 08/19/2024 09:04:59 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 08/15/2024 08:05:23 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 08/13/2024 08:05:26 PM
- Hall of Fame Resort & Entertainment Company Announces Second Quarter 2024 Results • PR Newswire (US) • 08/12/2024 08:30:00 PM
- Hall of Fame Resort & Entertainment Company Announces Release Date for Second Quarter 2024 Results • PR Newswire (US) • 08/05/2024 08:30:00 PM
- Hall of Fame Village LLC Receives Multimillion Dollar Funding through Constellation's Efficiency Made Easy® Program • PR Newswire (US) • 07/08/2024 12:30:00 PM
- Hall of Fame Village Project Awarded $9.8 Million from State of Ohio • PR Newswire (US) • 06/28/2024 02:30:00 PM
- Hall of Fame Resort & Entertainment Company Attending the Singular Research June Conference • PR Newswire (US) • 06/13/2024 08:30:00 PM
- Hall of Fame Resort & Entertainment Company Announces First Quarter 2024 Results • PR Newswire (US) • 05/13/2024 08:30:00 PM
- Hall of Fame Resort & Entertainment Company Announces Release Date for First Quarter 2024 Results • PR Newswire (US) • 05/06/2024 08:30:00 PM
- Hall of Fame Resort & Entertainment Company Announces Fourth Quarter and Full Year 2023 Results • PR Newswire (US) • 03/20/2024 08:30:00 PM
- Hall of Fame Resort & Entertainment Company Announces Release Date for Fourth Quarter 2023 Results • PR Newswire (US) • 03/13/2024 08:30:00 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 02/29/2024 10:24:23 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 01/25/2024 02:18:56 AM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 01/25/2024 02:18:19 AM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 01/25/2024 02:17:54 AM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 01/25/2024 02:17:25 AM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 01/25/2024 02:16:52 AM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 01/25/2024 02:16:11 AM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 01/20/2024 01:21:36 AM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 01/20/2024 01:19:49 AM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 01/20/2024 01:16:10 AM
North Bay Resources Commences Operations at Bishop Gold Mill, Inyo County, California; Engages Sabean Group Management Consulting • NBRI • Sep 25, 2024 9:15 AM
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