HOF Resort & Entertainment Co. could see revenue triple in '22

HOF Resort & Entertainment Co. is expecting its revenue “to grow more than threefold this year” as the pandemic eases, more of the resort’s event venues open and a more lucrative licensing agreement with the nonprofit Pro Football Hall of Fame “kicks in,” according to Mary Vanac of the CLEVELAND BUSINESS JOURNAL. That “doesn’t include” revenues from the company's emerging sports-gambling operations, which “likely won’t start until late this year" or early '23. The annual report from '21 shows that the resort and entertainment company reported revenue -- largely from “endorsement deals and hotel receipts” -- of $10.8M. While still negative and adjusted for items as interest, depreciation and amortization expenses, the company expects its net loss “to narrow by about" $55M in ’22 from its $72.2M loss in ’21. The resort is “expected to derive” revenue from concessions, a portion of ticket sales and rental of its stadium and performance center, as well as two new attractions – a Ferris wheel and ride that catapults guests through the air “like a football” (, 5/11).

SBJ Morning Buzzcast: August 9, 2022

The end of the Bowlen era in Denver; Big Ten media deal close? Also, Jake Paul's venture in sports betting and Eck's walk-off.

SBJ I Factor: Jed York

SBJ I Factor: Jed York, presented by Allied Sports SBJ I Factor presented by Allied Sports features an interview with San Francisco 49ers CEO Jed York. York is in his 17th year with the organization and his 12th as CEO. He is a two-time SBJ Forty Under 40 honoree as a member of the classes of 2012 and 2013. York talks with SBJ’s Abe Madkour about what he learned from growing up in the sports business, working in multiple departments at the team, the challenges of building Levi’s Stadium, and how his leadership style has evolved through the years. SBJ I Factor is a monthly podcast offering interviews with sports executives who have been recipients of one of the magazine’s awards, such as Forty Under 40, Game Changers and others.

SBJ Spotlight: Warner Bros. Discovery

CNBC media reporter Alex Sherman joins SBJ’s John Ourand to discuss Warner Bros. Discovery’s streaming strategy. The two talk about the company’s interest in sports rights, with Sherman noting that the company is in a cost-cutting mode, which is one reason why it has not been active in media rights negotiations over the past several months.

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