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Hall of Fame Resort & Entertainment Company Announces 10-Year Mobile Sports Betting Deal with Betr

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Canton, Ohio, Miami–(business wire)–Hall of Fame Resort & Entertainment Company (“HOFV” or the “Company”) (NASDAQ: HOFV, HOFVW), the only resort, entertainment and media company centered on the power of professional football, today announced Betr A 10-year agreement with, subject to obtaining the necessary licenses, to become our official mobile sports betting partner, providing consumers with a seamless way to wager. Founded by sports betting veteran Joey Levy and media mogul Jake Paul, Betr is the first direct-to-consumer micro-betting focused sports betting company, highlighted in Paul’s weekly magazine We have also launched a new media venture for the next generation of sports fans who have been inspired. A show with top athletes. As part of the deal, HOFV will acquire a limited stake in his Betr and share revenue, with the partnership incorporating cross-marketing, branding and consumer engagement opportunities from both companies.

Betr will be powered by Simplebet, an industry leader in microbetting technology, of which Levy previously co-founded. Betr aims to disrupt traditional gambling and media with a mission to make sports and betting Betr. Betr will primarily focus on microbetting. Microbetting is a growing betting that brings instant gratification to the user experience by enabling the moments that drive US sports consumption (baseball pitches and bats, football plays and drives, etc.) . It not only provides individual betting opportunities, but also simplifies the user experience.

HOFV President and CEO Michael Crawford said: “Betr has the licenses it needs to have a dramatic impact on his mobile betting space, positioning us to deliver meaningful value to our stakeholders.”

Betr CEO Joey Levy said: Our differentiated offerings combined with the strengths of our sports media company, HOFV, built for the next generation of sports fans, and access to unique content experiences across Ohio and across the country, will make this a success. We are confident that we will be a partnership. We are also pleased that HOFV has acquired Betr’s equity position as part of this deal. This will allow him to provide HOFV with a positive side to Betr’s success while preserving cash. We thank HOFV for his trust in our vision and look forward to introducing something new to this industry while creating value for all our shareholders. ”

HOFV’s previously announced partnership with Rush Street Interactive, Inc. (“RSI”) (NYSE: RSI) and its Betr mobile partnership will enable visitors to place bets online wherever they are in Ohio. , helps to further enhance the fan experience. RSI’s premier sports betting retailer to open in Fan Engagement Zone.The deal with Betr replaces the previously announced deal with Genesis Global, Ltd.

For more about Betr, follow @betr on TikTok, YouTube and Instagram. twitter, on LinkedIn and betr.app.

About Hall of Fame Resort & Entertainment Company

Hall of Fame Resort & Entertainment Company (NASDAQ: HOFV, HOFVW) is a resort and entertainment company that partners with the Pro Football Hall of Fame to harness the power and popularity of professional football and its legendary players. Headquartered in Canton, Ohio, Hall of Fame Resort & Entertainment Company is the owner of Hall of Fame Village, a multi-purpose sports, entertainment and media destination centered around the campus of the Professional Football Hall of Fame. Additional information about our company can be found at www.HOFREco.com.

About Betr

Founded by Joey Levy and Jake Paul in 2022, Betr is the first direct-to-consumer microbetting focused sports betting company. Betr has also launched a new media venture for his fans of the next generation of sports. With a mission to make sports and betting better, Betr aims to disrupt traditional gambling and traditional media. TikTok, YouTube, Instagram, and twitter, on LinkedIn and betr.app.

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. “Future”, “will”, “goal”, “enable”, “pipeline”, “transition”, “go forward”, “toward”, “build”, “come”, “look forward to” will,” and other similar expressions that predict or imply future events or trends or that are not statements of historical matters. These forward-looking statements are not guarantees of future performance, circumstances or results and involve a number of known and unknown risks, uncertainties, assumptions and other important factors. Many of them are beyond our control and could cause actual results or results to be materially different from those set forth in the forward-looking statements. Important factors that may affect actual results or results include, among other things, our ability to manage growth. our ability to execute our business plans and meet their expectations, including financing to build planned facilities; litigation in which we may become involved; Changes in Applicable Laws or Regulations. general economic and market conditions that affect demand for our products and services, particularly economic and market conditions in the resort and entertainment industry; the impact of the ongoing global coronavirus (COVID-19) pandemic on capital markets, general economic conditions, unemployment, and our liquidity, operations, and personnel; increased inflation; inability to maintain a listing of our stock on the Nasdaq; These risks and uncertainties are discussed from time to time in our reports and other filings made to the SEC. We undertake no 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.