Overview
- IndustryServices-Miscellaneous Amusement & Recreation1
- HeadquartersCanton, Ohio1
- Incorporated inDE2
- Business address2626 Fulton Drive Nw, Canton, Oh 447182
- Filer categoryNon-accelerated filer, Smaller reporting company2
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The Perfect Ten , Inspired , The GOAT Code , Next Man Up: NFL Alumni Academy and Hometown Heroes .4 From its latest annual report
Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
Key numbers, fiscal 2024
Where the money goes
Where each dollar of revenue went, fiscal 2024
- Other costs100¢$21.2M
Out of $21.2M in revenue.5 The company lost money this year.
Financial statements
| Fiscal year | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|---|---|
| Revenue | $7.9M6 | $7.1M7 | $10.8M8 | $16.0M9 | $24.1M5 | $21.2M5 | |
| Operating expenses | $47.2M8 | $54.0M9 | $73.6M5 | $50.9M5 | |||
| Operating income | -$780.5K10 | -$33.0M6 | -$32.7M7 | -$36.4M8 | -$38.0M9 | -$49.4M5 | -$29.7M5 |
| Interest | $9.4M6 | $5.7M7 | $3.6M8 | $5.4M9 | $18.8M9 | ||
| Income tax | $285.0K10 | $424.4K10 | |||||
| Net income | $1.1M10 | -$55.9M6 | -$45.7M6 | -$92.8M8 | -$46.2M9 | -$68.8M5 | -$55.9M5 |
| Earnings per share | -$22.698 | -$9.019 | -$11.975 | -$8.725 | |||
| Earnings per share (diluted) | -$1.717 | -$22.698 | -$9.019 | -$11.975 | -$8.725 | ||
| Shares (weighted, basic) | 4.1M shares8 | 5.2M shares9 | 5.8M shares9 | ||||
| Shares (weighted, diluted) | 4.1M shares8 | 5.2M shares9 | 5.8M shares5 | 6.5M shares5 |
| Fiscal year | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|---|---|
| Cash | $8.4M6 | $8.6M6 | $40.1M6 | $17.4M9 | $33.5M5 | $11.8M5 | $4.4M5 |
| Receivables | $2.4M8 | $1.8M8 | |||||
| Current assets | $96.1K10 | $23.5K10 | |||||
| Property, plant and equipment | $180.5M8 | $248.8M9 | $344.4M5 | $334.7M5 | |||
| Intangible assets | $9.8M8 | ||||||
| Total assets | $128.5M10 | $235.8M6 | $309.7M7 | $337.3M8 | $456.3M9 | $441.9M5 | $366.7M5 |
| Current liabilities | $594.2K10 | $532.7K10 | |||||
| Long-term debt | $3.0M10 | $98.9M6 | $101.4M7 | $171.3M9 | $219.5M5 | $245.7M5 | |
| Total liabilities | $5.0M10 | $200.8M6 | $144.6M7 | $132.7M8 | $265.0M9 | $315.2M5 | $294.5M5 |
| Retained earnings | -$100.0M8 | -$146.9M9 | -$216.6M5 | -$273.6M5 | |||
| Shareholders’ equity | $5.0M10 | $34.9M6 | $165.3M7 | $205.2M8 | $192.1M9 | $127.7M5 | $73.2M5 |
| Shares outstanding | 5.4M shares6 | 64.1M shares7 | 4.4M shares8 | 5.6M shares9 | 6.4M shares5 | 6.6M shares5 |
Cash flow is reported year to date, not quarter by quarter, so there are no separate quarterly figures.
| Fiscal year | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|---|---|
| Cash from operations | -$480.1K10 | $933.0K6 | -$18.4M7 | -$20.8M8 | -$4.9M9 | -$27.0M5 | -$10.9M5 |
| Depreciation and amortization | $12.2M8 | $12.0M9 | $15.1M5 | $17.0M5 | |||
| Stock-based compensation | $128.7M8 | $3.9M9 | $2.8M5 | $641.3K5 | |||
| Capital spending | $3.8M6 | $45.6M5 | $16.4M5 | ||||
| Free cash flow | -$2.9M | -$72.6M | -$27.3M | ||||
| Cash from investing | -$70.7M8 | -$112.1M9 | -$27.8M5 | -$7.8M5 | |||
| Dividends paid | $750.0K9 | $450.0K5 | |||||
| Share buybacks | $15.0M10 | ||||||
| Cash from financing | $68.8M8 | $133.1M9 | $33.1M5 | $11.3M5 |
Compare Hall of Fame Resort & Entertainment Co with another company
Corporate structure
Hall of Fame Resort & Entertainment Co sits at the top of its group. 27 entities, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.
Major holders of Hall of Fame Resort & Entertainment Co
- Stuart Lichter Filed SCHEDULE 13D/A on Hall of Fame Resort & Entertainment Co, latest Jan 2, 2026 (11 filings since Sep 16, 2022)
- Michael Stuart Klein Filed SC 13D/A on Hall of Fame Resort & Entertainment Co, latest Feb 14, 2023
- Hall of Fame Resort & Entertainment Co Canton, Ohio
- Gordon Pointe Acquisition Corp. Subsidiary · Delaware, United States
- HOF Experience, LLC Subsidiary · Delaware, United States
- HOF Village Center for Excellence, LLC Subsidiary · Delaware, United States
- HOF Village Center for Performance, LLC Subsidiary · Delaware, United States
- HOF Village Concessions II, LLC Subsidiary · Delaware, United States
- HOF Village Concessions, LLC Subsidiary · Delaware, United States
- HOF Village Foundation, Inc. Subsidiary · Ohio, United States
- HOF Village Hotel I, LLC Subsidiary · Delaware, United States
- HOF Village Hotel II, LLC Subsidiary · Delaware, United States
- HOF Village Hotel WP, LLC Subsidiary · Delaware, United States
- HOF Village Land, LLC Subsidiary · Delaware, United States
- HOF Village Media Group, LLC Subsidiary · Delaware, United States
- HOF Village Newco, LLC Subsidiary · Delaware, United States
- HOF Village Parking Management I, LLC Subsidiary · Delaware, United States
- HOF Village Parking, LLC Subsidiary · Delaware, United States
- HOF Village Play Action Plaza, LLC Subsidiary · Delaware, United States
- HOF Village Residences I, LLC Subsidiary · Delaware, United States
- HOF Village Restaurant Management, LLC Subsidiary · Delaware, United States
- HOF Village Retail I, LLC Subsidiary · Delaware, United States
- HOF Village Retail II, LLC Subsidiary · Delaware, United States
- HOF Village Sports Business, LLC Subsidiary · Delaware, United States
- HOF Village Stadium, LLC Subsidiary · Delaware, United States
- HOF Village Waterpark, LLC Subsidiary · Delaware, United States
- HOF Village Youth Fields, LLC Subsidiary · Delaware, United States
- Mountaineer GM LLC Subsidiary · Delaware, United States
- and 1 more
Built from subsidiaries listed in Exhibit 21 of annual reports filed with the SEC; major holders from Schedules 13D and 13G. Each entity in the chart links to its source.
What it owns
What Hall of Fame Resort & Entertainment Co reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.
Property and equipment
| Item | Latest | A year before | Change |
|---|---|---|---|
| Buildings and improvements | $2.0M5 Mar 15, 2024 | $6.8M9 Feb 2, 2023 | −70.6% |
| Property and equipment, before depreciation | $422.7M5 Dec 31, 2024 | $433.5M5 Dec 31, 2023 | −2.5% |
| Accumulated depreciation | $76.7M9 Dec 31, 2023 | $61.7M9 Dec 31, 2022 | +24.4% |
| Property and equipment, net | $334.7M5 Dec 31, 2024 | $344.4M5 Dec 31, 2023 | −2.8% |
| Operating-lease assets (leased space) | $7.2M5 Dec 31, 2024 | $7.4M5 Dec 31, 2023 | −2.2% |
Investments
| Item | Latest | A year before | Change |
|---|---|---|---|
| Debt securities available for sale | $2.4M5 Dec 31, 2024 | $2.0M5 Dec 31, 2023 | +21.6% |
| Stakes in other companies (equity method) | $2.2M5 Dec 31, 2024 |
Properties, in its own words
The Company owns real property in Canton, Ohio, at the site of the Hall of Fame Village development and the DoubleTree by Hilton Hotel. Certain parcels of real property on which the Hall of Fame Village is located, including the parcel on which the Tom Benson Hall of Fame Stadium is located, are owned by the Canton City School District (Board of Education) and are subject to long-term ground leases and agreements with the Company for the use and development of such property. All such properties are subject to mortgages securing obligations of the Company and its subsidiaries under various lending and lease arrangements.
On January 11, 2024, HOF Village completed the sale to Sandlot of 80% of a newly formed limited liability company named Sandlot HOFV Canton SC, LLC, to which the Company, HOF Village and HOF Village Youth Fields, LLC had contributed the ForeverLawn Sports Complex business (including the ground lease) prior to closing.
The rest of Item 2
On October 26, 2024, HOF Village Waterpark, LLC (“Tenant”), a subsidiary of the Company, received from HFAKOH001 LLC (“Landlord”) a notice of termination due to a non-payment event of default (the “Notice”) under the waterpark ground lease agreement, dated as of November 7, 2022, between Tenant and Landlord, as amended on February 23, 2024, February 29, 2024 and May 10, 2024 (as so amended, the “Waterpark Ground Lease”). Under the Waterpark Ground Lease, the Landlord’s termination required that Tenant immediately surrender the waterpark premises under such lease to the Landlord and any improvements thereto (including the construction of new buildings thereon) with all fixtures appurtenant thereto. For more information, see “Item 1A. Risk Factors – The termination of the waterpark ground lease and our surrender of the waterpark premises and improvements to the landlord, which occurred October 26, 2024, and the exercise of certain remedies by waterpark landlord would be expected to have a material adverse effect on the liquidity, financial condition, and results of operations of the Company.”
Item 2 of the 10-K filed Mar 26, 2025.4
Leadership
Who has led Hall of Fame Resort & Entertainment Co, and when. Pick a name to see everywhere that person has worked.
Chief executive
Chief financial officer
- Chief executive officerLisa Gould Dec 31, 2025 to now13
- Chief financial officerBenjamin J. Lee Mar 24, 2022 to Mar 23, 202314
- Chief financial officerJason Krom Jul 6, 2020 to Dec 29, 202115
- Chief financial officerDouglas L. Hein Feb 5, 2018 to Feb 5, 201816
Board members and other officers (22)
- SVP of FinanceEric William Hess Jun 27, 2025 to now17
- VP of Accounting/ControllerBuiten John Van Mar 11, 2022 to now18
- EVP of Sales & MarketingVictor S. Gregovits Jul 6, 2022 to Jan 24, 202419
- EVP of Public AffairsBarbara Anne Graffice Jul 6, 2020 to now20
- VP of Human ResourcesLisa Gould Sep 15, 2020 to now21
- EVP of New Bus. Dev./MarketingErica Muhleman Sep 24, 2020 to Feb 1, 202222
- Board memberJerome Bettis Jun 12, 2023 to Jan 19, 202423
- Board memberTeri Wagner Flynn Jul 6, 2022 to Jan 26, 202324
- Board memberLisa Roy Apr 14, 2021 to Apr 14, 202125
- Board memberAnthony J. Buzzelli Jul 6, 2020 to now26
- Board memberEdward J. Roth Iii. Jul 6, 2020 to Jul 6, 202027
- Board memberKarl Holz Jul 6, 2020 to now28
- Board memberKimberly Schaefer Jul 6, 2020 to now29
- Board memberMary Owen Jul 6, 2020 to now30
- Board memberCurtis Martin Jul 7, 2020 to Jan 26, 202331
- Board memberMichael Stuart Klein Jul 7, 2020 to Jul 24, 202032
- Board memberStuart Lichter Jul 7, 2020 to now33
- Board memberJoseph F. Mendel Feb 2, 2018 to Feb 2, 201834
- Board memberNeeraj Vohra Feb 2, 2018 to Feb 2, 201835
- Board memberDouglas L. Hein Feb 5, 2018 to Feb 5, 201816
- Board memberRobert B. Cross Feb 7, 2018 to Feb 7, 201836
- General counselTara Charnes Sep 10, 2020 to Jan 24, 202437
Subsidiaries and ownership
Subsidiaries (Exhibit 21)
- Gordon Pointe Acquisition Corp. Delaware3
- HOF Experience, LLC Delaware3
- HOF Village Center for Excellence, LLC Delaware3
- HOF Village Center for Performance, LLC Delaware3
- HOF Village Concessions II, LLC Delaware3
- HOF Village Concessions, LLC Delaware3
- HOF Village Foundation, Inc. Ohio3
- HOF Village Hotel I, LLC Delaware3
- HOF Village Hotel II, LLC Delaware3
- HOF Village Hotel WP, LLC Delaware3
- HOF Village Land, LLC Delaware3
- HOF Village Media Group, LLC Delaware3
- HOF Village Newco, LLC Delaware3
- HOF Village Parking Management I, LLC Delaware3
- HOF Village Parking, LLC Delaware3
- HOF Village Play Action Plaza, LLC Delaware3
- HOF Village Residences I, LLC Delaware3
- HOF Village Restaurant Management, LLC Delaware3
- HOF Village Retail I, LLC Delaware3
- HOF Village Retail II, LLC Delaware3
- HOF Village Sports Business, LLC Delaware3
- HOF Village Stadium, LLC Delaware3
- HOF Village Waterpark, LLC Delaware3
- HOF Village Youth Fields, LLC Delaware3
The subsidiaries the company lists in Exhibit 21 of its annual report, as filed.
Former names
Timeline
- Dec 31, 2025New chief executive Lisa Gould becomes CEO13
- Dec 31, 20258-K Completed an acquisition or sale; Listing notice or transfer; Change to shareholders' rights38
- Nov 6, 20258-K Entered a material agreement; New debt or obligation39
- Oct 23, 20258-K Entered a material agreement; New debt or obligation; Other events40
- Oct 1, 20258-K Entered a material agreement; New debt or obligation; Other events41
- Sep 26, 20258-K Shareholder vote42
- Sep 18, 20258-K Other events43
- Sep 17, 20258-K Entered a material agreement; New debt or obligation; Shareholder vote44
- Sep 9, 20258-K Other events45
- Aug 1, 20258-K Entered a material agreement; New debt or obligation46
- Jul 24, 20258-K Debt or obligation accelerated47
- Jul 7, 20258-K Entered a material agreement; New debt or obligation48
- Jun 25, 20258-K Entered a material agreement; New debt or obligation; Listing notice or transfer49
Calendar
When it reported results
- Aug 15, 2024Reported quarterly or annual results50
- May 14, 2024Reported quarterly or annual results51
- Mar 21, 2024Reported quarterly or annual results52
- Nov 14, 2023Reported quarterly or annual results53
- Aug 10, 2023Reported quarterly or annual results54
- May 16, 2023Reported quarterly or annual results55
- Mar 28, 2023Reported quarterly or annual results56
- Nov 14, 2022Reported quarterly or annual results57
Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar
Filings
346 filings to the SEC since October 2021: 5 annual reports, 13 quarterly reports, 91 major events, 179 insider forms, 12 large holders, 46 other. The latest 20:
- Jan 2, 20264 EDGAR
- Jan 2, 2026SCHEDULE 13D/A EDGAR
- Jan 2, 2026SC 13E3/A AMENDMENT NO. 7 TO FORM SC 13E3 EDGAR
- Dec 31, 20254 EDGAR
- Dec 31, 20254 EDGAR
- Dec 31, 20254 EDGAR
- Dec 31, 20254 EDGAR
- Dec 31, 20254 EDGAR
- Dec 31, 20254 EDGAR
- Dec 31, 20254 EDGAR
- Dec 31, 20254 EDGAR
- Dec 31, 20254 EDGAR
- Dec 31, 20254 EDGAR
- Dec 31, 202515-12G EDGAR
- Dec 31, 2025S-8 POS EDGAR
- Dec 31, 2025S-8 POS EDGAR
- Dec 31, 2025S-8 POS EDGAR
- Dec 31, 2025S-8 POS EDGAR
- Dec 31, 20258-K EDGAR
- Dec 15, 202510-Q QUARTERLY REPORT EDGAR
The 346 filings since October 2021 can be filtered by form type and year here when JavaScript is on.
Every filing from the last five years, summarized. The full record is on SEC EDGAR.
Insider trades
38 open-market trades by officers, directors and large owners since October 2021: 14 buys and 24 sales. Grants, option exercises and gifts are left out.
| Date | Who | Trade | Shares | Price | Value | Filing |
|---|---|---|---|---|---|---|
| Dec 26, 2023 | Van Buiten JohnPrincipal Accounting Officer | Sale | 75 | $3.30 | $248 | Form 4 |
| May 19, 2023 | Crawford Michael AnthonyPresident and CEO | Buy | 2,500 | $6.84 | $17.1K | Form 4 |
| May 18, 2023 | Crawford Michael AnthonyPresident and CEO | Buy | 7,500 | $6.93 | $52.0K | Form 4 |
| May 17, 2023 | Crawford Michael AnthonyPresident and CEO | Buy | 32 | $6.69 | $214 | Form 4 |
| Sep 9, 2022 | Levy Michael SPresident of Operations | Buy | 15,000 | $0.70 | $10.5K | Form 4 |
| Sep 9, 2022 | Crawford Michael AnthonyPresident and CEO | Buy | 50,000 | $0.72 | $36.0K | Form 4 |
| May 19, 2022 | Lee Benjamin JChief Financial Officer | Buy | 25,000 | $0.70 | $17.5K | Form 4 |
| Mar 17, 2022 | Holz Karl LDirector | Buy | 20,000 | $1.03 | $20.6K | Form 4 |
| Mar 17, 2022 | Owen MaryDirector | Buy | 5,000 | $1.02 | $5.1K | Form 4 |
| Mar 16, 2022 | Lichter StuartDirector | Buy | 100,000 | $1.02 | $102.0K | Form 4 |
| Mar 16, 2022 | Dolan James J.Director | Buy | 60,000 | $1.02 | $61.2K | Form 4 |
| Mar 16, 2022 | Buzzelli Anthony J.Director | Buy | 10,000 | $1.02 | $10.2K | Form 4 |
| Mar 16, 2022 | Schaefer KimberlyDirector | Buy | 5,000 | $1.00 | $5.0K | Form 4 |
| Mar 16, 2022 | Van Buiten JohnPrincipal Accounting Officer | Buy | 1,000 | $0.96 | $960 | Form 4 |
| Mar 16, 2022 | Crawford Michael AnthonyPresident and CEO | Buy | 100,000 | $0.99 | $99.0K | Form 4 |
| Feb 1, 2022 | Gould LisaInterim CEO | Sale | 1,411 | $1.11 | $1.6K | Form 4 |
| Feb 1, 2022 | Muhleman EricaEVP of New Bus. Dev./Marketing | Sale | 1,411 | $1.11 | $1.6K | Form 4 |
| Feb 1, 2022 | Charnes TaraGeneral Counsel and Secretary | Sale | 4,091 | $1.11 | $4.5K | Form 4 |
| Feb 1, 2022 | Levy Michael SPresident of Operations | Sale | 1,634 | $1.11 | $1.8K | Form 4 |
| Feb 1, 2022 | Crawford Michael AnthonyPresident and CEO | Sale | 21,332 | $1.11 | $23.7K | Form 4 |
All 38 trades can be filtered by person here when JavaScript is on.
From Forms 4 filed with the SEC.
Major holders
Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.
- Stuart LichterSCHEDULE 13D/A, 11 filings Sep 16, 2022 to Jan 2, 202658
- Michael Stuart KleinSC 13D/A, 1 filing Feb 14, 202359
SEC filer profile
How Hall of Fame Resort & Entertainment Co is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.
- Name on EDGARHall of Fame Resort & Entertainment Co1
- CIK0001708176
- Employer ID (EIN)84-32356954
- Filer statusNon-accelerated filer not an emerging growth company; a smaller reporting company; not a shell company4
- Incorporated inDelaware4
- Fiscal year endsDecember 311
- Industry code (SIC)7990 Services-Miscellaneous Amusement & Recreation1
- SEC reviewing officeOffice of Trade & Services, Division of Corporation Finance1
- Business address2626 Fulton Drive Nw, Canton, OH 447181
- Phone(412) 960-46871
- Shares outstanding6,700,844 as of Dec 11, 202512
- Public float$14.0M as of Jun 30, 20244
- AuditorGRANT THORNTON LLP, Cleveland, Ohio PCAOB ID 248; no auditor attestation of internal control over financial reporting4
- On EDGAR sinceJun 6, 20171
- Filings706 in all: 4 (251), 8-K (142), 3 (35), DEFA14A (34), CORRESP (26), 10-Q (24), SC 13G/A (15), UPLOAD (14)1
All 50 form types
424B3 (11), SC 13G (10), DEF 14A (9), PRE 14A (9), 10-K (8), EFFECT (8), SCHEDULE 13D/A (8), SC 13E3/A (7), 424B5 (6), 5 (6), SC 13D (6), SC 13D/A (6), 4/A (5), DEFR14A (5), S-1/A (5), 25-NSE (4), PRER14A (4), S-1 (4), S-8 (4), S-8 POS (4), 10-K/A (3), 424B4 (3), S-3 (3), 8-K/A (2), CERT (2), D (2), DEFM14A (2), DRS (2), PREM14A (2), S-1MEF (2), SEC STAFF LETTER (2), 15-12G (1), 8-A12B (1), 8-K12B (1), ARS (1), ARS/A (1), DRS/A (1), DRSLTR (1), FWP (1), NT 10-Q (1), POS AM (1), SC 13E3 (1)
- Latest filingsAnnual report (10-K) Mar 26, 2025
Quarterly report (10-Q) Dec 15, 2025
Proxy statement (DEF 14A) Apr 25, 2023
Latest 8-K (8-K) Dec 31, 2025
Securities registered for trading
| Class | Symbol | Exchange |
|---|---|---|
| Common Stock, $0.0001 par value per share | HOFV | Nasdaq |
| Warrants to purchase 0.064578 shares of Common Stock | HOFVW | Nasdaq |
From the cover page of the 10-K filed Mar 26, 2025 (Section 12(b) of the Exchange Act).4
Risk factors and legal proceedings
The risks Hall of Fame Resort & Entertainment Co names in Item 1A of its 10-K filed Mar 26, 2025: 34 risks under these headings, as written.4
- Risks Related to Our Business
- We are an early-stage company with a history of losses, and we expect to incur significant expenses and continuing losses while we continue construction of Hall of Fame Village.
- We have significant debt outstanding, which may have a material adverse effect on our business, our financial condition and results of operations and our ability to secure additional financing in the future.
- Our recurring losses from operations, significant debt and deficient cash position have raised substantial doubt regarding our ability to continue as a going concern, and our operational needs and business plan require additional liquidity and capital resources that might not be available on terms that are favorable to us, or at all.
- The termination of the waterpark ground lease and surrender of the waterpark premises and improvements to the landlord, which occurred October 26, 2024, and the exercise of certain remedies by waterpark landlord would be expected to have a material adverse effect on the liquidity, financial condition, and results of operations of the Company.
- There is no assurance that the non-binding proposal from IRG Canton Village Member, LLC (“IRG”), an affiliate of the Company’s director Stuart Lichter, to take the Company private will result in a definitive transaction, and the absence of us entering into a definitive transaction agreement, changes to the proposal, or the commencement of related litigation may have an adverse impact on the market price of our common stock.
- Our cash flow from operations and financing arrangements have been insufficient to allow us to pay all vendors on a timely basis.
- Our operations are impacted by our ability to attract and retain management and other key employees, and the unexpected loss of one or more such employees could harm our business.
- Changes in consumer tastes and preferences for sports and entertainment products, including fantasy sports, sports betting and eSports could reduce demand for our offerings and products and adversely affect the profitability of our business.
- We could be adversely affected by declines in discretionary consumer spending, consumer confidence and general and regional economic conditions as well as changes in consumer tastes and preferences for sports and entertainment products.
- We do business with multiple branded partners, including, but not limited to, PFHOF, the NFL, Sandlot, and others. Incidents or adverse publicity concerning any of our branded partners could harm our reputation as well as negatively impact our revenues and profitability.
- We may not be able to fund capital expenditures and investment in future attractions and projects.
The other 23 risks
- The high fixed cost structure of the Company’s operations may result in significantly lower margins if revenues decline.
- Cyber security risks and the failure to maintain the integrity of internal or guest data could result in damages to our reputation, the disruption of operations and/or subject us to costs, fines or lawsuits.
- Investors are subject to litigation risk and their respective investments in the shares of our Common Stock may be lost as a result of our legal liabilities or the legal liabilities of our affiliates.
- Our business may be adversely affected by defaults or bankruptcy of our tenants and partners.
- Fluctuations in real estate values may require us to write down the carrying value of our real estate assets or investments.
- Our property taxes could increase due to rate increases or reassessments or the imposition of new taxes or assessments or loss of tax credits, which may adversely impact our financial condition and results of operations.
- Our insurance coverage may not be adequate to cover all possible losses that we could suffer and our insurance costs may increase.
- Our operations and our ownership of property subject us to environmental requirements, and to environmental expenditures and liabilities.
- Our sports betting and eSports operations are subject to a variety of laws, and which could subject us to claims or otherwise harm our business. Any change in existing regulations or their interpretation, or the regulatory climate applicable to our products and services, or changes in tax rules and regulations or interpretation thereof related to our products and services, could adversely impact our ability to operate our business as currently conducted or as we seek to operate in the future, which could have a material adverse effect on our financial condition and results of operations.
- Negative events or negative media coverage relating to, or a declining popularity of sports betting, the underlying sports or athletes, or online sports betting in particular, or other negative coverage may adversely impact our ability to retain or attract users, which could have an adverse impact on our proposed sports betting and eSports operations.
- The requirements of being a public company may strain our resources and distract management.
- If we fail to comply with the continued listing standards of Nasdaq, our common stock may be delisted from Nasdaq, which would be expected to have a negative effect on the liquidity and market price of our common stock, reduce the number of investors willing to hold or acquire our common stock, limit or reduce the amount of analyst coverage we receive, and impair your ability to sell or purchase our common stock when you wish to do so.
- Risk Related to Our Securities
- If we fail to comply with the reporting obligations of the Exchange Act and Section 404 of the Sarbanes-Oxley Act, or if we fail to maintain adequate internal control over financial reporting, our business, financial condition, and results of operations, and investors’ confidence in us, could be materially and adversely affected.
- We have identified material weaknesses in our internal control over financial reporting. If our remediation of these material weaknesses is not effective, or if we experience additional material weaknesses in the future or otherwise fail to maintain effective internal controls in the future, we may not be able to accurately report our financial condition or results of operations, which may adversely affect investor confidence in us and, as a result, the value of our common stock.
- We currently do not intend to pay dividends on our Common Stock. Consequently, our stockholders’ ability to achieve a return on their investment will depend on appreciation in the price of our Common Stock.
- We may be required to take write-downs or write-offs, restructuring and impairment or other charges that could have a significant negative effect on our financial condition, results of operations and our stock price, which could cause our stockholders to lose some or all of their investment.
- Our Series A Warrants and Series B Warrants are accounted for as liabilities and the changes in value of such warrants could have a material effect on our financial results.
- The trading price of our securities has been, and likely will continue to be, volatile and our stockholders could lose all or part of their investment.
- Anti-takeover provisions contained in our Certificate of Incorporation and Bylaws, as well as provisions of Delaware law, could impair a takeover attempt.
- Our Certificate of Incorporation provides, subject to limited exceptions, that the Court of Chancery of the State of Delaware will be the sole and exclusive forum for certain stockholder litigation matters, which could limit our stockholders’ ability to obtain a favorable judicial forum for disputes with us or our directors, officers, employees or stockholders.
- If securities or industry analysts do not publish research or publish inaccurate or unfavorable research about our business, our stock price and trading volume could decline.
- Our executive officers and directors, and their affiliated entities, own a significant percentage of our stock and will be able to exert significant control over matters subject to stockholder approval.
- We are a smaller reporting company within the meaning of the Securities Act, and if we take advantage of certain exemptions from disclosure requirements available to smaller reporting companies, this could make our securities less attractive to investors and may make it more difficult to compare our performance with other public companies.
Legal proceedings
Information with respect to certain legal proceedings is set forth in Note 8, “Contingencies,” to the Company’s Consolidated Financial Statements and is incorporated herein by reference.
The opening of Item 3, Legal Proceedings.4
Sources
The numbers on this page point here. Each one links to the record it came from.
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- 13SEC EDGARLisa Gould, Chief executive officer
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- 15SEC EDGARJason Krom, Chief financial officer
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- 17SEC EDGAREric William Hess, SVP of Finance
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- 21SEC EDGARLisa Gould, VP of Human Resources
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- 23SEC EDGARJerome Bettis, Board member
- 24SEC EDGARTeri Wagner Flynn, Board member
- 25SEC EDGARLisa Roy, Board member
- 26SEC EDGARAnthony J. Buzzelli, Board member
- 27SEC EDGAREdward J. Roth Iii., Board member
- 28SEC EDGARKarl Holz, Board member
- 29SEC EDGARKimberly Schaefer, Board member
- 30SEC EDGARMary Owen, Board member
- 31SEC EDGARCurtis Martin, Board member
- 32SEC EDGARMichael Stuart Klein, Board member
- 33SEC EDGARStuart Lichter, Board member
- 34SEC EDGARJoseph F. Mendel, Board member
- 35SEC EDGARNeeraj Vohra, Board member
- 36SEC EDGARRobert B. Cross, Board member
- 37SEC EDGARTara Charnes, General counsel
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- 42SEC EDGARShareholder vote
- 43SEC EDGAROther events
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- 45SEC EDGAROther events
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- 47SEC EDGARDebt or obligation accelerated
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