Financial Data and Key Metrics Changes - The company held its Annual General Meeting on May 29, 2025, with a quorum present for voting on various proposals [4][14] - The appointment of Witham Smith and Brown, PC as the independent registered public accounting firm for fiscal year 2025 was ratified [14] Business Line Data and Key Metrics Changes - No specific financial data or metrics related to individual business lines were discussed in the meeting [1][15] Market Data and Key Metrics Changes - No specific market data or metrics were provided during the meeting [1][15] Company Strategy and Development Direction and Industry Competition - The meeting included proposals for the election of directors and advisory votes on executive compensation, indicating a focus on governance and shareholder engagement [6][10] - The company values stockholder opinions on executive compensation and the frequency of advisory votes, reflecting a commitment to transparency and accountability [11][14] Management's Comments on Operating Environment and Future Outlook - Management did not provide specific comments on the operating environment or future outlook during this meeting [1][15] Other Important Information - The meeting included a nonbinding advisory vote on executive compensation and the frequency of future advisory votes, emphasizing the company's approach to governance [10][11] - The final results of the votes will be published in a Form 8-K filed with the SEC within four business days [14] Q&A Session All Questions and Answers - No questions were raised during the meeting regarding the proposals or other matters [13][15]

Core Insights - Rush Street Interactive, Inc. (RSI) is launching PropPacks for MLB, a digital baseball card game that combines the excitement of prop betting with the nostalgia of sports cards, aimed at enhancing player engagement at BetRivers Sportsbook [1][2][5] Product Overview - PropPacks for MLB allow BetRivers customers to engage interactively with Major League Baseball, offering chances to win up to $1,000 in bonus credits or other rewards with each card [2][4] - Fans placing $10 or more on qualifying Same Game Parlays (SGPs) for MLB games will receive up to three digital PropPacks player cards at no extra cost, with prizes based on player performance milestones [3][5] Reward Structure - PropPacks are categorized into three tiers: Bronze, Silver, and Gold, with Gold cards being the rarest and offering the highest potential rewards, including a grand prize of $1,000 in bonus credits [4][6] Company Strategy - The introduction of PropPacks for MLB follows the successful launch of NBA PropPacks, reflecting the company's strategy to provide innovative and value-driven experiences for players [5][6] - RSI emphasizes its commitment to enhancing player value and engagement through exclusive offerings and promotions across various sports seasons [5][6] Company Background - RSI operates in multiple regulated markets, including fifteen U.S. states and international markets such as Colombia and Canada, providing a wide range of online gaming and sports betting options [7] - The company has received numerous awards for customer service and operational excellence in the gaming industry, highlighting its reputation and commitment to responsible gaming [7]

Core Points - Rogers Sugar Inc. has signed a five-year agreement with the Alberta Sugar Beet Growers for the supply of sugar beets to its Taber sugar refining plant, covering the 2025 to 2029 crops [1][3] - The Taber operation is the only sugar beet processing facility in Canada, supported by approximately 200 Southern Alberta farm families, ensuring that all sugar produced at this location is 100% Canadian [2] - The agreement is expected to support the needs of customers in Western Canada, as stated by the President and CEO of Lantic Inc and Rogers Sugar Inc. [3] Company Overview - Rogers Sugar Inc. operates under Canadian laws and holds all common shares of Lantic, with its administrative office located in Montréal, Québec [4] - Lantic operates cane sugar refineries in Montréal and Vancouver, as well as the only Canadian sugar beet processing facility in Taber, Alberta, and a distribution center in Toronto [4] - The company's sugar products are marketed under the "Lantic" trademark in Eastern Canada and the "Rogers" trademark in Western Canada, including various types of sugars and specialty syrups [4]

Core Insights - The article emphasizes the importance of in-depth research in the casino and gaming sector, highlighting the value of subscribing to specialized resources for actionable insights [1] Group 1: Industry Expertise - Howard Jay Klein brings 30 years of experience in major casino operations, having worked with notable establishments such as Ballys, Trump Taj Mahal, Mohegan Sun, and Caesars Palace [2] - Klein focuses on value investing, utilizing management quality as a key factor in shaping investment ideas [2] - The House Edge, led by Klein, provides actionable research for investments in the casino, online betting, and entertainment industries, supported by an extensive intelligence network across the US gambling sector [2]

Company Announcement - Rogers Sugar Inc. (RSI) will hold a conference call to discuss their 2025 second quarter results on May 13, 2025, at 8:00 a.m. Eastern Time [1] - The conference call will be chaired by Mr. Michael Walton, Chief Executive Officer, and Mr. Jean-Sébastien Couillard, Chief Financial Officer [1] Participation Details - Interested participants can join the call by dialing 1-800-717-1738 [2] - A recording of the conference call will be available after the event by dialing 1-888-660-6264, access code 72827, until June 13, 2025 [2] - The discussion and presentation will also be accessible through a webcast [2] Contact Information - Jean-Sébastien Couillard serves as Vice President of Finance, Chief Financial Officer, and Corporate Secretary [3] - Contact number for further inquiries is (514) 940-4350 [3]

Revenue Performance - Revenue for Q1 2025 was $262,407,000, an increase of 20.6% compared to $217,428,000 in Q1 2024[19] - Total revenue for the three months ended March 31, 2025, was $262.4 million, a 20.6% increase from $217.4 million in the same period of 2024[57] - Revenue from online casino and online sports betting reached $260.9 million, up 20.9% from $215.6 million in the prior year[57] - Revenue from the United States and Canada was $224.9 million, representing a 19.3% increase from $188.5 million in the same period of 2024[57] Net Income and Earnings - Net income for Q1 2025 was $11,211,000, a significant improvement from a net loss of $2,209,000 in Q1 2024[20] - Earnings per share for Q1 2025 were $0.06 (basic), compared to a loss of $0.01 in Q1 2024[19] - Comprehensive income for Q1 2025 was $15,738,000, compared to a loss of $2,108,000 in Q1 2024[20] - The net income attributable to Rush Street Interactive, Inc. for the three months ended March 31, 2025 was $5.3 million, a significant recovery from a net loss of $727,000 in 2024[88] Assets and Liabilities - Total current assets increased to $287,611,000 as of March 31, 2025, compared to $285,046,000 as of December 31, 2024[17] - Total liabilities rose to $191,656,000 as of March 31, 2025, up from $181,150,000 as of December 31, 2024[17] - Players' receivables increased to $16,466,000 as of March 31, 2025, compared to $14,910,000 as of December 31, 2024[17] - The total stockholders' equity attributable to Rush Street Interactive, Inc. was $81,310,000 as of March 31, 2025, up from $78,678,000 as of December 31, 2024[17] Cash Flow and Operating Activities - Net cash provided by operating activities was $28,712,000 in Q1 2025, slightly down from $30,908,000 in Q1 2024[26] - Cash, cash equivalents, and restricted cash at the end of Q1 2025 totaled $232,010,000, compared to $194,316,000 at the end of Q1 2024, showing improved liquidity[26] - Cash paid for income taxes in Q1 2025 was $3.1 million, compared to $2.2 million in Q1 2024, reflecting a 42.0% increase[37] - Cash paid for interest in Q1 2025 was $236,000, slightly down from $252,000 in Q1 2024[37] Expenses - Operating costs and expenses for Q1 2025 totaled $247,830,000, up from $215,896,000 in Q1 2024[19] - Share-based compensation expense increased to $8,813,000 in Q1 2025 from $8,425,000 in Q1 2024, reflecting ongoing investment in employee incentives[26] - Depreciation and amortization expense rose to $9,491,000 in Q1 2025, up from $7,101,000 in Q1 2024, indicating increased asset utilization[26] - Amortization expense for intangible assets rose to $8.5 million for the three months ended March 31, 2025, compared to $6.1 million for the same period in 2024[60] Stock and Shareholder Activities - The company repurchased 498,622 shares of Class A Common Stock for approximately $5.2 million at an average price of $10.35 during the three months ended March 31, 2025[70] - The total number of Class A Common Stock shares increased to 95,509,061 by March 31, 2025, from 90,511,441 shares at the end of 2024[22] - The company granted 714,723 restricted stock units (RSUs) with service conditions during the three months ended March 31, 2025, down from 1,813,694 RSUs in the same period of 2024[72] - The total share-based compensation expense for the three months ended March 31, 2025 was $8.8 million, slightly higher than $8.4 million in 2024[82] Deferred Revenue and Receivables - Deferred revenue associated with online casino and online sports betting includes unsettled customer bets, recorded within players' liabilities[57] - Deferred revenue decreased from $10,814,000 as of March 31, 2025, to $10,022,000, while revenue recognized from deferred revenue increased from $6,312,000 to $9,733,000 year-over-year[58] - The company had receivables from affiliated land-based casinos of $21.0 million as of March 31, 2025, compared to $18.2 million at December 31, 2024[96] Commitments and Legal Proceedings - The company has total commitments of $54,130,000 under non-cancelable contracts, including $32.2 million for license and market access commitments[100] - The company is not currently involved in any material legal proceedings[98]

Group 1 - Rush Street Interactive, Inc. (RSI) reported quarterly earnings of $0.09 per share, exceeding the Zacks Consensus Estimate of $0.08 per share, and showing an increase from $0.03 per share a year ago, resulting in an earnings surprise of 12.50% [1] - The company posted revenues of $262.41 million for the quarter ended March 2025, which was slightly below the Zacks Consensus Estimate by 0.26%, but an increase from $217.43 million year-over-year [2] - Over the last four quarters, the company has surpassed consensus EPS estimates three times and topped consensus revenue estimates three times as well [2] Group 2 - The stock has underperformed the market, losing about 9.9% since the beginning of the year compared to the S&P 500's decline of 5.5% [3] - The current consensus EPS estimate for the upcoming quarter is $0.09 on revenues of $248.25 million, and for the current fiscal year, it is $0.37 on revenues of $1.06 billion [7] - The Zacks Industry Rank indicates that the Gaming industry is currently in the top 36% of over 250 Zacks industries, suggesting a favorable outlook compared to the bottom 50% [8]

Financial Data and Key Metrics Changes - The company's first quarter revenue was $262 million, representing a 21% year-over-year increase, while adjusted EBITDA was $33.2 million, nearly double compared to the same period last year [8][22]. - Gross profit margins increased by 125 basis points year-over-year to 34.9%, driven by revenue diversification and higher growth in more profitable markets [24]. - Marketing spend was $38.8 million, or 15% of revenue, down from 17% of revenue in the same quarter last year, indicating improved marketing efficiency [25][26]. Business Line Data and Key Metrics Changes - Online casino revenue grew by 25% year-over-year, while sports betting revenue increased by 11% [9][22]. - In North America, monthly active users (MAUs) grew by 17% year-over-year, with an average revenue per monthly active user (ARPMAU) of $368, up 3% year-over-year [10][22]. - Latin America saw MAUs increase by 61% year-over-year, reaching a new quarterly record of 354,000 [10][23]. Market Data and Key Metrics Changes - North American markets showed revenue growth in 15 out of 16 online markets, with Michigan revenue up 40% and Delaware exceeding 80% growth in its first year of comparisons [12]. - In Colombia, gross gaming revenue (GGR) was up 55% in local currency, despite a 19% value-added tax on player deposits [13][14]. - The company is optimistic about the potential growth in Alberta, Canada, as legislation for online gaming progresses [17]. Company Strategy and Development Direction - The company focuses on innovation and enhancing player experience to drive growth and profitability [8][20]. - The strategy includes differentiating offerings to improve user engagement and retention across product verticals [10][20]. - The company is monitoring legislative developments in various U.S. states to capitalize on potential online gaming opportunities [18][19]. Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's ability to navigate challenges, including the impact of taxes in Colombia, while maintaining strong player activity and market share [14][32]. - The company anticipates continued growth in revenue and adjusted EBITDA for 2025, with guidance remaining between $1.1 billion and $1.8 billion in revenue [27][28]. - Management highlighted the resilience of the online gaming sector, particularly during challenging economic times, and the potential for increased tax revenues from legalized online casinos [19][20]. Other Important Information - The company ended the quarter with $228 million in unrestricted cash and no debt, generating approximately $25 million in cash during the quarter [26]. - The company repurchased approximately 500,000 shares at an average price of $10.35 under its share repurchase program [27]. Q&A Session Summary Question: Insights on Colombia's competitive landscape and market share - Management indicated that they are absorbing the tax through higher bonusing, similar to competitors, and are confident in retaining or growing market share despite the challenges [32]. Question: Growth expectations for Delaware in 2025 - Management expects continued growth in Delaware, although the growth rate may slow as the market matures [34][36]. Question: Adjustments to business model in Colombia - Management is continuously adjusting strategies to maximize net revenue and reduce deposit turnover in response to the VAT tax [42][44]. Question: Impact of Pennsylvania joining the multistate Internet gaming agreement - Management expressed excitement about the launch in Pennsylvania and the potential for increased player liquidity across platforms [46]. Question: Tax impact from Colombia on revenue and EBITDA - Management noted that the VAT tax has significantly impacted net revenue growth, with expectations for meaningful growth once the tax is removed [52][94]. Question: User growth concentration in North America - Management indicated that Delaware contributed mid-single digits to the overall 17% user growth, with most growth coming from higher-value markets [87][88].

Financial Data and Key Metrics Changes - The company's first quarter revenue was $262 million, representing a 21% year-over-year increase, while adjusted EBITDA was $33.2 million, nearly double compared to the same period last year [6][21]. - Gross profit margins increased by 125 basis points year-over-year to 34.9%, driven by revenue diversification and higher growth in more profitable markets [23]. - Marketing spend was $38.8 million, or 15% of revenue, down from 17% in the previous year, indicating improved marketing efficiency [24]. Business Line Data and Key Metrics Changes - Online casino revenue grew by 25% year-over-year, while sports betting revenue increased by 11% [6][21]. - In North America, monthly active users (MAUs) grew by 17% year-over-year, with an average revenue per monthly active user (ARPMAU) of $368, up 3% year-over-year [21]. - In Latin America, MAUs increased by 61% year-over-year, reaching a new quarterly record of 354,000 [22]. Market Data and Key Metrics Changes - North American markets saw revenue growth in 15 out of 16 online markets, with Michigan revenue up 40% and Delaware exceeding 80% growth [11][12]. - In Colombia, gross gaming revenue (GGR) was up 55% in local currency, despite a temporary 19% VAT on player deposits [12][13]. - The company anticipates that the Colombian VAT tax will impact net revenue but expects significant upside if the tax is removed [27][52]. Company Strategy and Development Direction - The company focuses on innovation and enhancing player experience to attract and retain high-value players [6][8]. - The iGaming Alberta Act is progressing, which could open new opportunities for online gaming in Alberta, transitioning from a monopoly to a regulated market [15]. - The company is well-positioned in the online casino and sports betting space, emphasizing the importance of legalizing online casinos for state revenue generation [16][17]. Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's ability to navigate challenges, including the impact of the VAT tax in Colombia, while maintaining strong player activity and market share [12][42]. - The company remains optimistic about growth opportunities in existing markets and potential expansion into new international markets [76][78]. - Management reiterated full-year revenue guidance of $1.1 billion to $1.8 billion, with adjusted EBITDA expected between $115 million and $135 million, reflecting a 35% year-over-year increase [27][28]. Other Important Information - The company ended the quarter with $228 million in unrestricted cash and no debt, generating approximately $25 million in cash during the quarter [25][26]. - The company repurchased approximately 500,000 shares at an average price of $10.35 under its share repurchase program [27]. Q&A Session Summary Question: Insights on Colombia's competitive landscape and market share - Management confirmed that they are bonusing at higher rates to offset the VAT tax, similar to competitors, and expressed confidence in retaining or growing market share despite the challenges [31][32]. Question: Growth expectations for Delaware in 2025 - Management expects continued growth in Delaware, although growth rates may slow as the market matures, with potential for significant future revenue growth [35][36]. Question: Adjustments to business model in Colombia - Management is continuously adjusting strategies to maximize net revenue in Colombia, including reducing marketing spend and monitoring competitor actions [40][41]. Question: Impact of Pennsylvania joining the multistate Internet gaming agreement - Management expressed excitement about the launch in Pennsylvania and the potential for increased player liquidity across platforms [44][45]. Question: Marketing leverage in a competitive environment - Management attributed marketing leverage to a focus on customer experience and differentiation, allowing the company to maintain a reasonable customer acquisition cost [58][60]. Question: Guidance for revenue growth in 2025 - Management indicated that revenue growth may decelerate in Q2 and Q3 compared to Q1, with Q4 expected to be the strongest quarter of the year [62][63]. Question: Tax impact from Colombia on EBITDA - Management noted that the VAT tax has significantly impacted net revenue, but GGR growth remains strong, indicating potential for future revenue growth once the tax is removed [93][95].

Investor Presentation - April 2025 - Forward-Looking Statements This presentation contains "forward-looking statements" within the meaning of The Private Securities Litigation Reform Act of 1995. Forward-looking statements include, without limitation, statements regarding the estimated future financial performance, financial position and guidance, the business strategy, plans and objectives of management for future operations, potential market access in various jurisdictions, expectations around partnership ...