Partnership Through Oak View Group (OVG) Provides Employees With the Financial Wellness Benefit of On-Demand Pay
DailyPay Named the ‘Official On-Demand Pay Partner’ of the Washington Wizards, Washington Capitals and Capital One Arena
(Washington, D.C.) – Monumental Sports & Entertainment (MSE) has partnered with DailyPay, providing the essential financial wellness benefit of on-demand pay to MSE employees. As part of the partnership, DailyPay will be designated as the official ‘On-Demand Pay Partner’ for the Washington Wizards, Washington Capitals and Capital One Arena. This partnership is made possible through DailyPay’s collaboration with Oak View Group (OVG), the global venue development, advisory, and investment company for the sports and live entertainment industries. OVG Global Partnerships initiated and negotiated this deal on behalf of Monumental Sports.
By offering DailyPay as part of its financial wellness benefits package MSE employees will have voluntary access to their pay as they earn it. This gives them the flexibility to pay bills, spend, save, and invest on their own schedule, eliminating the need to rely on a traditional scheduled payday.
This financial benefit and flexibility allow employees to avoid the use of high-interest payday loans. Research from the Aite Novarica Group, commissioned by DailyPay, shows that 95% of those who were previously reliant on payday loans in any way either stopped using payday loans (81%) or reduced use (15%) after using DailyPay.
“MSE recognizes the incredibly hard-working staff that help elevate our fan experience and create indelible memories for our guests each and every time they attend an event,” said Kelly Skoloda, Chief People Officer. “We appreciate that this partnership with DailyPay will allow us to provide an additional financial wellness benefit to our dedicated employees.”
“Partners like DailyPay are exciting for us because they focus on delivering a new service for the heart of our operation: our employees,” shared Jim Van Stone, President, Business Operations & Chief Commercial Officer. “They spotted a gap in the marketplace and instituted a technology-backed solution, which aligns with Monumental Sports’ approach to innovation in our industry. Most importantly, we trust that our employees will benefit from the flexibility this service offers.”
The partnership is scheduled to begin early summer.
About Monumental Sports & Entertainment
Monumental Sports & Entertainment is America’s leading sports and entertainment family. Our people, players, teams, and events bring excitement and joy to millions. We invest and innovate to consistently raise the game so we can deliver extraordinary experiences that will inspire and unite our community, our fans, and our people. To learn more, please visit www.monumentalsports.com.
DailyPay, Inc., powered by its industry-leading technology platform, is on a mission to build a new financial system for everyone. DailyPay delivers the industry’s leading on-demand pay solution with modern, insight-driven pay strategies that help America’s leading employers to activate their workforce and build stronger relationships with their employees, so they feel more engaged, work harder, and stay longer. For more information, visit www.dailypay.com/press.
About Oak View Group (OVG)
Oak View Group (OVG) is a global sports and entertainment company founded by Tim Leiweke and Irving Azoff in 2015. OVG is focused on being a positive disruption to business as usual in the sports, live entertainment, and hospitality industries and currently has eight divisions across five global offices (Los Angeles, New York, London, Philadelphia, and Toronto). OVG oversees the operations of Climate Pledge Arena at Seattle Center; UBS Arena in Belmont Park, NY; Moody Center in Austin, TX; Acrisure Arena in Greater Palm Springs, CA; and CFG Bank Arena in Baltimore, MD; as well as arena development projects for Co-op Live in Manchester, UK; Anhembi Arena in São Paulo, Brazil; FirstOntario Centre Arena in Hamilton, ON; a New Arena and entertainment district in Las Vegas, NV; and a New Arena in Cardiff, Wales. More information at OakViewGroup.com, and follow OVG on Facebook, Instagram, Twitter, and LinkedIn.