Center for Performance to Serve as New Home for Ohio Sports Leagues
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Center for Performance to Serve as New Home for Ohio Sports Leagues

Hall of Fame Village powered by Johnson Control’s Center for Performance to Serve as New Home for Ohio Sports Leagues

CANTON, Ohio – March 31, 2022 – Hall of Fame Resort & Entertainment Company (“HOFV” or the “Company”) (NASDAQ: HOFV, HOFVW), the only resort, entertainment and media company centered around the power of professional football, today announced it has partnered with Jackson Township recreational facility The SportDome and its owners, the Kempthorn family, to transfer the operation of local sports leagues to the Center for Performance at the Hall of Fame Village powered by Johnson Controls. In conjunction with the announcement, the Company has also named current SportDome Coordinator Megan Theil as Operations Manager of the Center for Performance.

In her newly created role, Theil will manage the day-to-day operations of the facility, including coordinating sports league events, maintaining the property and liaising with staff, athletes and visitors. The new, state-of-the-art Center for Performance, currently scheduled to open in July 2022, will feature 85,000 square feet of exhibition halls and athletic performance space to accommodate sports leagues following the conclusions of their spring 2022 seasons. The SportDome will cease its operations after 30 years of serving the Jackson community.

“The SportDome has been a sports staple in Ohio for several decades, and we are honored to be able to provide the many teams and athletes that relied on it with a technologically advanced, modern home,” said Mike Levy, President of Operations for HOFV. “The recreational and community leagues that will be moving to the Center for Performance will bring added attention and foot traffic to the Hall of Fame Village as we welcome a variety of players and new visitors to our space. We look forward to being one of the central gathering places for athletes in Ohio and all around the country to train, improve their skills and compete in a contemporary and friendly environment.”

In the coming weeks, HOFV will be distributing information to current customers utilizing The SportDome to share more about the Center for Performance and offering opportunities to sign up for future programming.

“We are thrilled that even after The SportDome closes its doors, Stark County will continue to enjoy a state-of-the-art facility at which our local athletes can train,” stated Eric Kempthorn, Owner of The SportDome. “We value our partnerships with the Jackson community and with HOFV, and anticipate a smooth transition of activities to the Hall of Fame Village and the Center for Performance.”

For more information about the transition and to learn how to sign up for future leagues and other programming at the Hall of Fame Village Center for Performance, please visit www.thesportdome.net or www.HOFvillage.com.

About Hall of Fame Resort & Entertainment Company

Hall of Fame Resort & Entertainment Company (NASDAQ: HOFV, HOFVW) is a resort and entertainment company leveraging the power and popularity of professional football and its legendary players in partnership with the Pro Football Hall of Fame. Headquartered in Canton, Ohio, the Hall of Fame Resort & Entertainment Company is the owner of the Hall of Fame Village powered by Johnson Controls, a multi-use sports, entertainment and media destination centered around the Pro Football Hall of Fame's campus. Additional information on the Company can be found at www.HOFREco.com.

About the Hall of Fame Village powered by Johnson Controls

Hall of Fame Village powered by Johnson Controls is a multi-use sports, entertainment and media destination centered around the Pro Football Hall of Fame's campus in Canton, Ohio. Owned by the Hall of Fame Resort and Entertainment Company (NASDAQ: HOFV, HOFVW), the Village currently has over $250 million worth of assets under management and is one of the largest ongoing construction projects in Ohio. Phase I of the project entailed the construction of the Tom Benson Hall of Fame Stadium, a world-class 20,000 seat, sports and entertainment stadium, and the National Youth Football and Sports Complex. Phase II, currently under construction, will add the Constellation Center for Excellence, the Center for Performance, a Fan Engagement Zone, a Hall of Fame indoor waterpark and a Hilton Tapestry Hotel. Phase III is currently in planning stages. For more information, visit www.HOFVillage.com.

Forward-Looking Statements

Certain statements made herein are “forward-looking statements” within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements may be identified by the use of words and phrases such as “opportunity,” “future,” “will,” “goal,” and “look forward” and other similar expressions that predict or indicate future events or trends or that are not statements of historical matters. These forward-looking statements are not guarantees of future performance, conditions or results, and involve a number of known and unknown risks, uncertainties, assumptions and other important factors, many of which are outside the Company’s control, that could cause actual results or outcomes to differ materially from those discussed in the forward-looking statements. Important factors, among others, that may affect actual results or outcomes include the Company’s ability to manage growth; the Company’s ability to execute its business plan and meet its projections, including refinancing its existing term loan and obtaining financing to construct planned facilities; potential litigation involving the Company; changes in applicable laws or regulations; general economic and market conditions impacting demand for the Company’s products and services, and in particular economic and market conditions in the resort and entertainment industry; the potential adverse effects of the ongoing global coronavirus (COVID-19) pandemic on capital markets, general economic conditions, unemployment and the Company’s liquidity, operations and personnel, the inability to maintain the listing of the Company’s shares on Nasdaq, as well as those risks and uncertainties discussed from time to time in our reports and other public filings with the SEC. The Company does not undertake any obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.

Media/Investor Contacts:

For Hall of Fame Resort & Entertainment Company

Media Inquiries: public.relations@hofreco.com

Investor Inquiries: investor.relations@hofreco.com

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