LAS VEGAS, August 22, 2021 – (BUSINESS WIRE) – After a record breaking SummerSlam in Las Vegas tonight, WWE (NYSE: WWE) announced that it will return to Allegiant Stadium for Money In The Bank on the weekend of July 4, 2022.
The event marks the first time in history that Money In The Bank has been 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 & Chief Revenue Officer. “Money In The Bank, an event appropriately titled for Vegas and one of our five annual tentpoles, will bring the WWE Universe back to Allegiant Stadium on the weekend of July 4th, 2022.”
“We were excited to host SummerSlam at Allegiant Stadium. Its success continues to show how unique the city of Las Vegas is for hosting a variety of exciting and diverse sporting and entertainment events,” said Chris Wright, general manager of Allegiant Stadium. “Partnering with the LVCVA team was critical to bringing SummerSlam to market and we look forward to working with WWE to host Money In The Bank on the weekend of July 4th, 2022.”
Fans interested in an exclusive Money-in-the-Bank advance booking option can register at. to register https://mitb.wwe.com/presale. More information about the event will be announced shortly.
WWE, a publicly traded company (NYSE: WWE), is an integrated media company and a recognized leader in global entertainment. The company consists of a portfolio of companies that create original content 52 weeks a year and make it available to a global audience. WWE is committed to family-friendly entertainment across its television programming, pay-per-view, digital media and publishing platforms. WWE’s TV-PG programming can be viewed in more than 900 million households worldwide in 28 languages through world-class distribution partners such as NBCUniversal, FOX Sports, BT Sport, Sony India and Rogers. The award-winning WWE Network includes all live pay-per-views, scheduled programs and a huge 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 of the WWE Network. The company is headquartered in Stamford, Connecticut, with offices in New York, Los Angeles, Orlando, Dubai, London, Mexico City, Mumbai, Munich, Riyadh, Shanghai, Singapore and Tokyo.
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Via Allegiant Stadium
Located next to the world famous Las Vegas Strip, Allegiant Stadium is a global event destination and the newest ultra-modern venue in Las Vegas. Allegiant Stadium, home of the legendary raiders and UNLV football, is ideally located for visitors and locals alike. The technologically advanced stadium is completely closed and air-conditioned and has a capacity of up to 65,000 people. The Allegiant Stadium offers 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 economic benefits of $ 620 million annually while creating 6,000 jobs in southern Nevada. For more information, visit www.allegiantstadium.com.
Trademark: All WWE programs, talent names, images, images, slogans, wrestling moves, trademarks, logos, and copyrights are the exclusive properties 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 under the safe harbor provisions of the Securities Litigation Reform Act of 1995 that 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 outbreak on our business, results of operations and financial condition; Conclusion, maintenance and renewal of important distribution agreements; a rapidly evolving media landscape; WWE Network (including the risk of our being unable to acquire, retain, and renew subscribers); our need to continue developing creative and fun programs and events; the possibility of a decline in the popularity of our sports entertainment brand; the continued importance of high achievers 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 related to international markets, including possible disruptions and reputational risks; our difficulty or inability to promote and conduct our live events and / or other business if we fail to comply with applicable regulations; our reliance on our intellectual property rights, our need to protect those rights, and the risks of our violating the intellectual property rights of others; the complexity of our rights agreements across distribution mechanisms and geographic areas; potentially substantial liability in the event of accidents or injuries occurring during our physically demanding events, including but not limited to claims for alleged traumatic brain injury; large public events as well as arrival and departure to such events; our feature film business; our expansion into new or complementary businesses and / or strategic investments; our computer systems and online operations; Data protection standards and regulations; a possible decline in general economic conditions and disruptions in financial markets; our demands; our debt, including our convertibles; 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 significant number of shares are eligible for sale by the McMahons and the sale or execution of potential sales of such shares could lower our share price; and the volatility of our Class A common stock. In addition, our dividend is dependent on a number of factors including but not limited to our liquidity and historical and projected cash flows, strategic plan (including alternative uses of capital), our financial results and terms, contractual and legal restrictions on payment of dividends (including under our revolving credit facility), general economic and competitive conditions, and other factors our directors deem relevant. Forward-looking statements by the company speak only as of the date of publication and are subject to change without the company undertaking to update or revise them. Undue reliance should not be placed on these statements. For more information about risks and uncertainties relating to the company’s business, see 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.
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