Armored MMA draws 3,000 people at Hall of Fame Village in Canton
Armored MMA was a uniquely entertaining spectacle on June 7 at Hall of Fame Village in Canton. The sport blends martial arts with swords and shields.
- The company’s late quarterly report, filed on Dec. 15 with the U.S. Securities and Exchange Commission, details continued losses and growing debt.
- It also states that the merger agreement to go private had not been completed or terminated, as of the filing date.
CANTON – The Hall of Fame Resort & Entertainment Co. reported a net loss of $14.36 million for the third quarter of this year — a nearly 225% increase over the $4.42 million loss in the same period last year.
The company’s late quarterly report, filed on Dec. 15 with the U.S. Securities and Exchange Commission, details continued losses and growing debt. It also states that a merger agreement to go private had not been completed or terminated, as of the filing date.
“The company will need to raise additional financing to accomplish its development plan and fund its working capital,” according to the report. “The company is seeking to obtain additional funding through debt, construction lending, and equity financing.”
The publicly traded Hall of Fame Resort was created in July 2020 to stimulate the football-themed Hall of Fame Village development, which officially began in 2015, around the Pro Football Hall of Fame. It was delisted from the Nasdaq Capital Market earlier this year and is now traded on the OTC Pink Limited Market.
The stock was trading at 41 cents as late morning Dec. 16.
CH Capital Lending is funding the Hall of Fame Resort’s “working capital needs” while the merger transaction is pending, according to the SEC filing. The limited liability company is an affiliate of Stuart Lichter, who is a director on the Hall of Fame Resort board and has been involved with the Village development since the start.
Hall of Fame Resort had accumulated a deficit of $315.7 million as of Sept. 30, which grew from about $273 million at the end of 2024, according to the quarterly report. About $129.8 million of debt will come due through Dec. 31, 2026.
“Since inception, the company’s operations have been funded principally through the issuance of debt and equity,” the SEC filing states. “As of September 30, 2025, the company had approximately $1.4 million of unrestricted cash and $4.4 million of restricted cash.”
The Hall of Fame Village consists of the Center for Performance, Constellation Center for Excellence, Fan Engagement Zone, ForeverLawn Sports Complex, Play-Action Plaza, and Tom Benson Hall of Fame Stadium. The company also owns the DoubleTree by Hilton in downtown Canton.
A water park, which is partially complete, and an on-site hotel were planned as the next phase of development.
A Hall of Fame Resort spokesperson did not return a message seeking comment.
Quarterly report highlights
Some highlights from the quarterly report include:
- Revenue for the three months ending on Sept. 30 totaled $5 million — compared to $7.5 million during the same period last year.
- Operating expenses totaled $10.9 million during the third quarter of this year, compared to $14.6 million last year.
- The Hall of Fame Resort on Dec. 2 exchanged its penny warrants for 398,819 shares of common stock in Betr Holdings, an online gambling platform.
- For the first nine months of 2025, the company’s net loss was $41.3 million — compared to $34.5 million last year.
Reach Kelly at 330-580-8323 or [email protected].
‘ The preceding article may include information circulated by third parties ’
‘ Some details of this article were extracted from the following source www.cantonrep.com ’
