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HOFL Mobile App and Announces Date for Inaugural Draft

HOFL App is now available for download on the App Store

Draft to take place on Sunday, August 15 at 5pm ET/2pm PT and will be simulcast live on Twitch and SiriusXM

CANTON, Ohio – August 9, 2021 – Hall of Fame Resort and 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 that the mobile app for the Hall Of Fantasy League (“HOFL”) is now available for download on the App Store and can be accessed here. The HOFL is the first national fantasy football league that allows sports fans to experience a fantasy football team with a community of shared Stakeholders.

The HOFL App provides Stakeholders with the ultimate social fantasy platform to engage with their peers and influence the decision-making of their teams’ Front Offices. On the App, Stakeholders have the ability to follow their franchise, track their Stakes, provide input on key decisions and get news and content that is specific to both their team and the league. The HOFL, along with its General Managers and Team Captains, will produce written and video content exclusive to the App, which will chronicle the season while providing commentary and analysis around matchups, waiver pickups, trades and roster decisions. This intriguing fantasy content and insight will allow Stakeholders to get a “behind-the-scenes” look at how some of the best minds in fantasy manage their teams throughout the course of a season.

Features of the HOFL App include:

Staking – Provides users with the ability to purchase a Stake in any HOFL franchise and become Stakeholders that are eligible to receive a pro rata share of winnings based on the success of their respective franchise during the 2021 season. Staking is made possible through HOFV’s partnership with StakeKings.

League – Allows Stakeholders to view scoring matchups as they unfold as well as the standings to see where their team is positioned in the playoff race.

My Team – Allows Stakeholders to view their team’s roster, their player news and track their financial Stakes and its potential payout.

Feed – Allows users to engage and consume a variety of fantasy content, whether it be team-specific, league-specific or general fantasy news.

Chat – Provides Stakeholders with an exclusive place to discuss their teams, matchups and strategy with fellow Stakeholders and their respective Front Office staff.

"DM the GM" – Provides Stakeholders with direct access to their Front Office staff to voice opinions, suggestions or relay useful information for the benefit of their team.

Side Action – The game within the game, this feature allows users to compete in free, weekly fantasy contests for prizes.

HOFL Draft

The Inaugural HOFL Draft will take place on Sunday, August 15th at 5pm ET/2pm PT and will be simulcast live on Twitch and SiriusXM. The first season of the HOFL will commence alongside the 2021 NFL season. To view League rules and get more information on the team franchises and Front Office staff, download the app on the App Store or visit www.thehofl.com.

About Hall of Fame Resort and Entertainment Company

Hall of Fame Resort and 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 and 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 Hall of Fantasy League

Hall of Fantasy League (HOFL) is the first National Fantasy League that allows sports fans to experience a fantasy team with a community of shared Stakeholders. Launching with 10 regionally based franchises in key U.S. markets, HOFL teams will be managed by a dedicated Front Office of fantasy experts and include former NFL players as Team Captains. Participation in the league will come in the form of staking, which will allow the public to financially back individual teams, become team Stakeholders, and gain access to exclusive content, communications, and team governance features. The HOFL’s inaugural draft will take place on August 15th and its first season will commence alongside the 2021 NFL season. For more information visit http://www.thehofl.com/ or download the mobile app on the App Store.

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 inability to recognize the anticipated benefits of the business combination; costs related to the business combination; the inability to obtain or maintain the listing of the Company’s shares on Nasdaq; the Company’s ability to manage growth; the Company’s ability to execute its business plan and meet its projections; 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, 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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