LAS VEGAS – (BUSINESS WIRE) – August 21, 2021–
In the wake of a record Slam summer in Las Vegas, WWE (NYSE: WWE) announced their return to Allegiant Stadium tonight on the weekend of July 4, 2022 for Money in the bank.
The event marks the first time in history that Money in the bank will be held in an NFL stadium.
“Las Vegas, its residents and visitors have shown that Vegas is the perfect city for our biggest events,” said Nick Khan, WWE President and Chief Revenue Officer. ” Money in the bank, an event appropriately titled for Vegas, and one of our five annual tent poles, will bring the WWE Universe back to Allegiant Stadium on the weekend of July 4, 2022.
“We were delighted to welcome Slam summer at Allegiant Stadium. Its success continues to illustrate how the city of Las Vegas is uniquely positioned to host a variety of exciting and diverse sporting and entertainment events, ”said Chris Wright, General Manager of Allegiant Stadium. “The partnership with the LVCVA team was essential for Slam summer in the market and we look forward to working with WWE on hosting Money in the bank the weekend of July 4, 2022.
Fans interested in an exclusive Money in the bank possibility of presale can register at http://mitb.wwe.com/presale. More information about the event will be announced shortly.
WWE, a publicly traded company (NYSE: WWE), is an integrated media organization and a recognized leader in global entertainment. The Company is made up of a portfolio of companies that create and deliver original content 52 weeks a year to a global audience. WWE is committed to providing family-friendly entertainment on its television programming, pay-per-view channels, digital media and publishing platforms. WWE TV-PG programming can be seen in over 900 million homes worldwide in 28 languages through world-class distribution partners including NBCUniversal, FOX Sports, BT Sport, Sony India and Rogers. WWE’s award-winning network includes all live pay-per-views, scheduled programming and a huge library of on-demand videos and is currently available in over 180 countries. In the United States, NBCUniversal’s streaming service Peacock is the exclusive home of the WWE Network. The company is headquartered in Stamford, Connecticut, and offices in New York, Los Angeles, Orlando, Dubai, London, Mexico City, Mumbai, Munich, Riyadh, Shanghai, Singapore and Tokyo.
About Allegiant Stadium
Located adjacent to the famous Las Vegas Strip, Allegiant Stadium is a global event destination and the newest state-of-the-art entertainment venue in Las Vegas. Home of the iconic Raiders and UNLV Football, Allegiant Stadium is ideally located for visitors and locals alike. The technologically advanced stadium is fully enclosed and air conditioned with a capacity of up to 65,000 people. The Allegiant Stadium hosts world-class entertainment, including concerts and sporting events such as the Pac-12 Championship Game and the Las Vegas Bowl. The stadium project is expected to generate an economic benefit of $ 620 million per year while creating 6,000 jobs in southern Nevada. For more information visit www.allegiantstadium.com.
Trademarks: All WWE programming, talent names, images, likenesses, taglines, wrestling moves, trademarks, logos and copyrights are the sole property of WWE and its subsidiaries. All other trademarks, logos and copyrights are the property of their respective owners.
Forward-Looking Statements: This press release contains forward-looking statements in accordance with the safe harbor provisions of the Securities Litigation Reform Act of 1995, which are subject to various risks and uncertainties. These risks and uncertainties include, but are not limited to, risks related to: the impact of the COVID-19 epidemic on our business, results of operations and financial condition; enter into, maintain and renew major distribution agreements; a rapidly changing media landscape; WWE Network (including the risk that we may not be able to attract, retain and renew subscribers); our need to continue to develop creative and entertaining programs and events; the potential for declining popularity of our sports entertainment brand; the continued importance of key artists and the services of Vincent K. McMahon; possible adverse changes in the regulatory environment and related private sector initiatives; the highly competitive, rapidly changing and increasingly fragmented nature of the markets in which we operate and the greater financial resources or market presence of many of our competitors; uncertainties associated with international markets, including possible disruptions and reputational risks; our difficulty or inability to promote and organize our live events and / or other activities if we do not comply with applicable regulations; our dependence on our intellectual property rights, our need to protect those rights and the risks of infringement of the intellectual property rights of others; the complexity of our rights agreements across distribution mechanisms and geographic areas; substantial potential liability for accidents or injuries occurring during our physically demanding events, including, without limitation, claims alleging traumatic brain injury; major public events as well as travel to and from such events; our feature film business; our expansion into new or complementary activities and / or strategic investments; our computer systems and online operations; privacy standards and regulations; possible deterioration in general economic conditions and disruption in financial markets; our accounts receivable; our indebtedness, including our convertible notes; litigation; our potential inability to meet market expectations for our financial performance, which could negatively affect our actions; Vincent K. McMahon exercises control over our affairs, and his interests may conflict with the holders of our Class A common shares; a substantial number of shares are eligible for sale by the McMahons and the sale, or the perception of possible sale, of such shares could lower the price of our shares; and the volatility of our Class A common shares. In addition, our dividend is dependent on a number of factors including, but not limited to, our historical and projected liquidity and cash flows, our strategic plan (including our other uses of capital), our financial results and condition, contractual and legal restrictions on the payment of dividends (including under our revolving credit facility), general economic and competitive conditions and any other factor than our board may consider relevant. Forward-looking statements made by the Company speak only as of the date of their publication and are subject to change without any obligation on the part of the Company to update or revise them. These statements should not be relied on unduly. For more information on the risks and uncertainties associated with the Company’s business, please refer to the “Management’s Discussion and Analysis of the Financial Position and Results of Operations” and “Risk Factors” sections of the filed documents. by the Company to the SEC, including, but not limited to our annual report on Form 10-K and quarterly reports on Form 10-Q.
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PUB: 08/21/2021 23:13 / DISC: 08/21/2021 23:13
Copyright Business Wire 2021.