StockLogistics
2 years ago
110 million outstanding and 10 million in annual sales, lucky that it isn’t a .10 stock imo with that ratio of sales to OS.
“5:16p ET 8/11/2022 - Benzinga
Hall Of Fame Resort Q2 Sales $2.70M Miss $3.50M Estimate
Hall Of Fame Resort (NASDAQ:HOFV) reported quarterly sales of $2.70 million which missed the analyst consensus estimate of $3.50 million by 22.86 percent. This is a 14.21 percent increase over sales of $2.36 million the same period last year.
© 2022 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.”
Jake Paul’s in-game prizing capabilities for his App are already patented by Versus Systems; therefore a license from VS is required to operate that App without an injunction being filed imo.
“6:30p ET 9/6/2022 - Benzinga
Jake Paul Launches Betr App, Potentially Making Him (And You) Richer
Jake Paul, former Walt Disney actor and current YouTube star-turned-boxer, has launched micro-betting sports platform Betr alongside Joey Levy, founder of Simplebet, after rasing $30 million in a Series A funding round with investments from rapper Travis Scott andpro football players Ezekiel Elliott, Richard Sherman and Dez Bryant.
The Series A round was followed up by a Series A1 round in which an additional $20 million was raised.
The app's main goal is to simplify the process of sports betting by allowing users to predict the results of every sporting event's individual moments, such as pitches and at-bats in Major League Baseball games and every play and drive in all National Football League games.
The app is available for free download; users are supplied gambling coins that can be redeemed for actual prizes if bets are won.Read more: Kim Kardashian, Ashton Kutcher & Chris Paul: Could Peloton Shares Ride A Celebrity Wave?
While the company's app presently does not support the use of real money, it has applied for an Ohio betting license and announced a partnership with Hall of Fame Resort & Entertainment Co (NASDAQ: HOFV) that will allow it to launch the cash-based version once the state has given its approval.”
“7:08a ET 7/26/2022 - Benzinga
U.S. Patent Office Grants New Patent Claims For Versus Systems' Streaming Media Rewards Platform
Versus Systems Inc. ("Versus" or the "Company") (NASDAQ:VS) announces that, pursuant to a Versus filing made in 2019, the U.S. Patent and Trademark Office (USPTO) has now allowed 20 new claims associated with a new patent titled "MANAGING IN-CONTENT CHALLENGES FOR MULTI-PLAYER GAMES." The USPTO has now issued U.S. Patent No. 11,376,498 to Versus to cover games and challenges that produce real world rewards inside of apps and streaming media.
Versus' new patented claims protect several methods for managing first and second-screen games inside of apps, television broadcasts, and streaming media, with a focus on how to provide different digital and physical prizes to different players based on their performance in the games and eligibility criteria such as age and location. This IP could allow content creators and distributors new ways to help audiences earn rewards while watching and interacting with their favorite shows, including live sports, game-streams, and reality TV. This technology has the potential to dramatically increase the potential number of participants in sweepstakes, tournaments, and rewards-based competitions. Versus will be using its patented technologies in-venue, at NFL, NHL, NBA, NCAA, and other sporting events and, beginning in Q4 of this year, in Over-The-Top (OTT) television and streaming media.
Versus' growing patent portfolio now includes multiple granted US and international patents, with dozens of claims around the management of prizing in games, dynamic regulatory compliance, single and multiplayer prizing, competitive balance, and rewards in streaming media.
In addition to these new claims granted by the USPTO and their other issued patents, Versus continues to actively develop and file patent claims for new technologies focused on prizing and rewards inside interactive media, securing intellectual property protection accordingly, both in the United States and other Patent Cooperation Treaty countries.
"Versus is very proud of its growing patent portfolio around in-game rewards. We are creating innovative, unique technologies for both content creators and audiences," said Matthew Pierce, Founder and CEO of Versus Systems. "The streaming media landscape is changing so fast - from Disney to Amazon to Discovery to the evolving college football landscape, fans should expect a better experience than traditional TV commercials. Content, even branded, sponsored, and ad-supported content, should be more personal, more contextual, and more rewarding. Audiences should be able to earn rewards and prizes that they care about while watching their favorite content. These patents help with that. Our whole portfolio does. We want to make things more fun, and we're eager to use this patented technology to do that."
© 2022 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.”
Televet
3 years ago
Hall of Fame Resort & Entertainment Company Announces First Quarter 2022 Results
May 10, 2022 4:30 PM ETHall of Fame Resort & Entertainment Company (HOFV), HOFVW
CANTON, Ohio--(BUSINESS WIRE)-- Hall of Fame Resort & Entertainment Company (HOFV) (the “Company”), the only resort, entertainment and media company centered around the power of professional football, announced its first quarter fiscal 2022 results for the period ended March 31, 2022.
“We continue to evolve and operationalize as a company, building both physically and virtually with an intense focus on the guest experience,” stated Michael Crawford, President and CEO. “Critical first downs are being made in financing as execution has been the name of the game. We look forward to sharing a number of highlights achieved during the first quarter on Wednesday morning. Our team has successfully been able to announce new and dynamic events on campus, add compelling content to our media business and continue to build out our gaming vertical. In addition, the Company has secured needed financing and anticipates announcing several additional lending instruments for Phase II in the coming weeks. It is a very exciting time as the Company transitions into an operational destination offering multiple unique engagement opportunities, showing year over year and quarter over quarter progress and increases. We look forward to welcoming fans to the newly constructed assets for Enshrinement Week in early August and to entertaining our guests through different experiences across our media and gaming verticals as well.”
Key Financial Highlights
First quarter revenue was $2.1 million, an increase of 10% compared to the same period of the prior year, primarily driven by hotel revenue and event revenue related to events being held at the Hall of Fame Village powered by Johnson Controls.
First quarter net loss attributable to shareholders was $8.1 million, compared to a loss of $126.1 million in the prior year period. The change in fair value of warrant liability was the primary driver in the variance between the two time periods.
First quarter adjusted EBITDA was a loss of $6.9 million, compared to a loss of $5.1 million in the same period of the prior year, resulting from increased expenses related to increase in legal and professional fees, payroll and benefits, and insurance costs. See page 3 for a reconciliation of net loss to EBITDA and adjusted EBITDA.
The Company finished its fiscal quarter with a cash balance, including restricted cash, of $12.8 million, compared to $17.4 million as of December 31, 2021. The lower cash balance was due to increased capital expenditures related to construction activities, partially offset by proceeds from sales of common stock and cash from operating activities.
First Quarter Business Highlights
Announced Company strategy to secure sports betting gaming licenses.
Announced $38 million debt restructuring, pushing out short term debt maturing in calendar year 2022 and extending maturities of the debt instruments at least twelve months.
Announced partnership with premier sports marketing firm Allied Sports as our agency of record for sponsorship and media opportunities.
Announced partnership with the Pro Football Hall of Fame and I Got It to develop, market and sell digital assets and NFTs centered around some of the most iconic moments and coveted memorabilia from the game’s history, which are memorialized inside the Pro Football Hall of Fame in Canton, Ohio.
Completed inaugural season of the Hall of Fantasy League (“HOFL”) with season recap on Twitch co-hosted by former NFL player Ahman Green and Jeff Eisenband.
Announced multi-year partnership with Cleveland Clinic to make the global healthcare leader the official healthcare provider of the Hall of Fame Village Sports Complex and Tom Benson Hall of Fame Stadium.
Announced it will host the 2022 Concert for Legends Presented by Ford (F), headlined by legendary Rock and Roll Hall of Fame rock band Journey. The concert will take place during this year’s Pro Football Hall of Fame Enshrinement Week.
Subsequent To Quarter End Highlights
Shared details surrounding the Play-Action Plaza, which will feature several attractions, including the only two rides of their kind in Stark County, Ohio – a giant Ferris Wheel with 20 gondolas equipped to accommodate six-to-eight people each and a Soaring Football Zipline.
Secured two additional sources of funding that will be used towards construction of the Center for Performance. The Company recently closed a $4 million loan with Midwest Lender Fund, LLC. In addition, the City of Canton, in coordination with the Canton Regional Energy Special Improvement District, approved legislation that will enable the Company to move forward with $3.2 million in Property Assessed Clean Energy (PACE) financing.
Announced a collaboration with recreational facility The SportDome and its owners, the Kempthorn family, to transfer the operation of local sports leagues to the Center for Performance.
Conference Call
The Company will host a conference call and webcast Wednesday, May 11, 2022, beginning at 8:30 a.m. ET, to provide commentary on the business. Investors and all other interested parties can access the live webcast and replay at the Company’s website: ir.hofreco.com.
William777
3 years ago
Dolphin Entertainment Highlights Previously-Announced Launch Of First Non-Fungible Token With Pro Football Hall Of Famer Tim Brown
5/21/21 8:04 AM ET (Benzinga)
Heisman Trophy winner and Pro Football Hall of Fame enshrinee Tim Brown has launched his first nonfungible tokens (NFTs) this week: H2H Legends of Football: Tim Brown. A one-of-a-kind NFT along with an accompanying limited-edition collectible called Playbooks kicks off a series produced by the new partnership between the Hall of Fame Resort & Entertainment Company (NASDAQ:HOFV, HOFVW)), Dolphin Entertainment (NASDAQ:DLPN) and H2H, the brand that represents the only 10 men in football history to win a Heisman Trophy and be enshrined into the Pro Football Hall of Fame. Tim Brown’s NFTs, created by award-winning artists, are now live on OpenSea, the world’s first and largest digital marketplace for crypto collectibles and NFTs, and will be available through May 24. Following this, NFTs for fellow H2H Legends Earl Campbell, Doak Walker and others will be unveiled.
One of the greatest wide receivers of his era, Tim played his storied college career with the Notre Dame Fighting Irish, earning the nickname “Touchdown Timmy” for his prowess on the field. Tim was selected in the first round of the 1988 NFL draft by the Los Angeles Raiders, setting franchise records for receptions, receiving yards and receiving touchdowns.
Both NFTs celebrate his incredible contributions to the game of football, allowing fans a moment to connect with the athlete on a deep and artistic level. In Tim Brown’s breathtaking 1-of-1 NFT H2H Legends of Football: Tim Brown, Tim’s own voice rings out as the viewer is led on an emotional journey through a monument-like structure, glimpsing highlights of his career on the field. It was created by Dolphin Entertainment’s Digital Studio in partnership with Shane Griffin, an award-winning visual artist, director and NFT developer. Shane’s recent work includes projects with Wiz Khalifa and Kanye West and brands such as Nike, Apple, Adidas and Givenchy. He is a winner of PRINT magazine’s New Visual Artist award and an ADC Young Guns award.
The second offering is Playbooks: Tim Brown, which is limited to 100 editions. The artistic direction for this series was spearheaded by the award-winning partners at Reference, a New York-based creative office specializing in design and motion. Playbooks brings the defining moments and highlights of this incredible player to life, inviting the viewer to experience Tim's career through the visor of his own helmet.
Mike Crawford, CEO of HOFV, comments, “We couldn’t be more excited to share our first NFTs with the world, highlighting Tim Brown, one of the best to ever play the game of football. Not only did Tim exemplify excellence on the field during his storied career, in both college and the pros, but he continues to represent excellence in every area of his life. He is a role model for fans of the sport everywhere, and it just seems befitting that we would lead with such an incredible Pro Football Hall of Famer and person in these two unique collectibles.”
“Dolphin’s creative mission was to elevate this art to a level that has not yet been achieved for any athlete so far in this space,” comments Dolphin Entertainment CEO Bill O’Dowd. “Inspired by the truly legendary careers of Tim, Earl and Doak, we set out to make these collectibles worthy of an icon. Needless to say, we are thrilled with the results and how Shane Griffin and the Reference team were able to capture two very different, powerful tributes to Tim Brown’s career.”
Hall of Fame Football legend Tim Brown comments, “Participating in this unique artform was unlike anything I’ve experienced before. The artist was able to convey some of the most emotional parts of my journey and best memories and communicate them powerfully in the NFT. I am excited and enthusiastic about this new way to connect with fans and begin to share the story of the H2H Legends, and I hope to do more in the future.”
The Tim Brown 1-of-1 NFT offering also unlocks three special “In Real Life” bonuses: a surprise virtual meet-and-greet call from Tim to the auction winner's person of choice, a personalized piece of memorabilia, and two tickets to a future Pro Football Hall of Fame Enshrinement Ceremony of the winner’s choosing.
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