Oak View Group (OVG), the global venue development, advisory, and investment company for the sports and live entertainment industries, and DailyPay, a financial technology company, announced it has expanded the rollout of a first-of-its-kind OVG integration into venues across the U.S.
The partnership will reach seven NBA and NHL sports teams and 125 venues across the country, and will “bring DailyPay financial wellness benefits to all Oak View Group employees company-wide.”
The expansion comes following the regional-level “launches of the program in select markets including UBS Arena at Belmont Park, NY, home of the NHL’s New York Islanders; Xcel Energy Center, and the NHL’s Minnesota Wild; and Toyota Center, and the NBA’s Houston Rockets.”
As part of the deal, OVG and OVG Alliance venues will “offer DailyPay services to all their employees and will enable employees to access their earned wages in real-time, empowering them to pay bills, spend, save, and invest on their own schedule – not a scheduled payday.”
This innovative benefit provides employees “with the ability to cover expenses, budget more effectively, and reduce financial stress.”
OVG employees will also “benefit from the platform’s robust financial wellness tools, which include budgeting and savings features.”
By offering these resources, OVG reinforces its commitment “to supporting its workforce in achieving greater financial security and independence and highlights the progressive approach OVG takes in responding to the evolving needs of its workforce.”
Recent research from Arizent/Employee Benefits News, commissioned by DailyPay, reveals that 80% of users say “that the employee-offered financial wellness benefit has a positive influence on their financial habits.”
Kevin Coop, CEO, of DailyPay, said:
“We are proud to partner with Oak View Group in their ongoing commitment to provide financial wellness benefits that help their team members achieve greater financial stability. We applaud their employee-centric mission, recognizing the many dedicated employees who work hard to make LIVE events even more special.”
OVG, known for its management of venues, “including arenas, stadiums, and convention centers, is dedicated to enhancing the employee experience across its diverse portfolio.”
The partnership with DailyPay represents “a significant step towards achieving this goal.”
Dan Griffis, president of OVG Global Partnerships said:
“We believe that our employees are the heart of our organization, and therefore their well-being is of paramount importance to us. DailyPay’s innovative solution aligns perfectly with our commitment to providing our employees with the tools they need to thrive both personally and professionally. We’re proud to collaborate with DailyPay on a partnership that puts all OVG employees first.”