LAS VEGAS--(BUSINESS WIRE)--On the heels of a record-breaking SummerSlam in Las Vegas, WWE (NYSE: WWE) announced tonight that it will return to Allegiant Stadium July 4th weekend of 2022 for Money In The Bank.
The event marks the first time in history that Money In The Bank will be held at an NFL stadium.
“Las Vegas, its residents and visitors have demonstrated that Vegas is the perfect city for our biggest events,” said Nick Khan, WWE President & Chief Revenue Officer. “Money In The Bank, an appropriately titled event for Vegas and one of our five annual tentpoles, will bring the WWE Universe back to Allegiant Stadium July 4th weekend of 2022.”
“We were thrilled to host SummerSlam 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 sports and entertainment events,” said Chris Wright, Allegiant Stadium General Manager. “Partnering with the LVCVA team has been pivotal in bringing SummerSlam to the market and we are looking forward to collaborating with WWE on hosting Money In The Bank on July 4th weekend in 2022.”
Fans interested in an exclusive Money In The Bank presale opportunity can register at http://mitb.wwe.com/presale. Additional information on the event will be announced in the near future.
About WWE
WWE, a publicly traded company (NYSE: WWE), is an integrated media organization and recognized leader in global entertainment. The Company consists of a portfolio of businesses that create and deliver original content 52 weeks a year to a global audience. WWE is committed to family-friendly entertainment on its television programming, pay-per-view, digital media and publishing platforms. WWE’s TV-PG programming can be seen in more than 900 million homes worldwide in 28 languages through world-class distribution partners including NBCUniversal, FOX Sports, BT Sport, Sony India and Rogers. The award-winning WWE Network includes all live pay-per-views, scheduled programming and a massive video-on-demand library and is currently available in more than 180 countries. In the United States, NBCUniversal’s streaming service, Peacock, is the exclusive home to WWE Network. The Company is headquartered in Stamford, Conn., with offices in New York, Los Angeles, Orlando, Dubai, London, Mexico City, Mumbai, Munich, Riyadh, Shanghai, Singapore and Tokyo.
Additional information on WWE (NYSE: WWE) can be found at wwe.com and corporate.wwe.com.
About Allegiant Stadium
Located adjacent to the world-famous Las Vegas Strip, Allegiant Stadium is a global events 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 both visitors and locals. The technologically advanced stadium is fully enclosed and climate-controlled with a capacity of up to 65,000. Allegiant Stadium hosts world-class entertainment including concerts and sporting events such as the Pac-12 Championship Game and Las Vegas Bowl. The stadium project is expected to generate an economic benefit of $620 million annually while creating 6,000 jobs in Southern Nevada. For more information, visit www.allegiantstadium.com.
Trademarks: All WWE programming, talent names, images, likenesses, slogans, wrestling moves, trademarks, logos and copyrights are the exclusive 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 pursuant to 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, without limitation, risks relating to: the impact of the COVID-19 outbreak on our business, results of operations and financial condition; entering, maintaining and renewing major distribution agreements; a rapidly evolving media landscape; WWE Network (including the risk that we are unable to attract, retain and renew subscribers); our need to continue to develop creative and entertaining programs and events; the possibility of a decline in the popularity of our brand of sports entertainment; the continued importance of key performers and the services of Vincent K. McMahon; possible adverse changes in the regulatory atmosphere and related private sector initiatives; the highly competitive, rapidly changing and increasingly fragmented nature of the markets in which we operate and greater financial resources or marketplace presence of many of our competitors; uncertainties associated with international markets including possible disruptions and reputational risks; our difficulty or inability to promote and conduct our live events and/or other businesses 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 our infringement of others’ intellectual property rights; the complexity of our rights agreements across distribution mechanisms and geographical areas; potential substantial liability in the event of accidents or injuries occurring during our physically demanding events including without limitation, claims alleging traumatic brain injury; large public events as well as travel to and from such events; our feature film business; our expansion into new or complementary businesses and/or strategic investments; our computer systems and online operations; privacy norms and regulations; a possible decline in general economic conditions and disruption in financial markets; our accounts receivable; our indebtedness including our convertible notes; litigation; our potential failure to meet market expectations for our financial performance, which could adversely affect our stock; Vincent K. McMahon exercises control over our affairs, and his interests may conflict with the holders of our Class A common stock; a substantial number of shares are eligible for sale by the McMahons and the sale, or the perception of possible sales, of those shares could lower our stock price; and the volatility of our Class A common stock. In addition, our dividend is dependent on a number of factors, including, among other things, our liquidity and historical and projected cash flow, strategic plan (including alternative 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 such other factors as our Board of Directors may consider relevant. Forward-looking statements made by the Company speak only as of the date made and are subject to change without any obligation on the part of the Company to update or revise them. Undue reliance should not be placed on these statements. For more information about risks and uncertainties associated with the Company’s business, please refer to the “Management’s Discussion and Analysis of Financial Condition and Results of Operations” and “Risk Factors” sections of the Company’s SEC filings, including, but not limited to, our annual report on Form 10-K and quarterly reports on Form 10-Q.
