Team Valuation - The Golden State Valkyries are projected to be the WNBA's most valuable team next year [1] Industry Outlook - The WNBA is experiencing growth and increased attention [1]

Core Viewpoint - The Las Vegas Global Economic Alliance (LVGEA) has appointed three new members to its Board of Directors, enhancing its capacity to drive economic growth in Southern Nevada [1][2]. Group 1: New Board Members - Jackie Van Blaricum, President of HCA Healthcare Far West Division, has nearly 24 years of experience at HCA and is recognized for her leadership and commitment to community health [2][3][4]. - Marc Badain, President of MLB Athletics, is leading the franchise's relocation to Las Vegas and has extensive experience in major league sports, including overseeing the Raiders' relocation [5][6][7]. - Dr. Chris Heavey, Interim President of UNLV, has over 30 years of experience in education and research, focusing on aligning education with regional workforce needs [7][8][9]. Group 2: Contributions to Economic Growth - The new board members bring expertise from healthcare, sports, and education, which are crucial sectors for the economic development of Southern Nevada [2][7]. - Their collective experience and commitment are expected to foster community-driven growth and enhance the region's appeal as a place to live and work [2][7][10]. - LVGEA aims to leverage these leaders' insights to strengthen local healthcare, support innovation, and create new opportunities for residents [4][10].

Core Points - Gray Media has extended its broadcast partnership with the New Orleans Saints for five years, lasting until the end of the 2029 NFL season [1][2] - The partnership aims to enhance community sports coverage and provide fans with exclusive access to Saints programming [2][4] Company Overview - Gray Media, Inc. is the largest owner of local television stations in the U.S., reaching approximately 37% of U.S. television households [10] - The company operates in 113 television markets and includes a significant portfolio of digital assets and production companies [10] Broadcast Details - The 2025 Saints preseason games will be aired on Gray's 15-station Saints Pre-Season Network, including WVUE Fox 8 [3][6] - The preseason schedule includes games against the Los Angeles Chargers, Jacksonville Jaguars, and Denver Broncos [6] Programming Initiatives - Gray Media and WVUE will co-produce new exclusive Saints-related programming for the Gulf Coast Sports and Entertainment Network (GCSEN) [5][8] - An exclusive NFL Films documentary titled "Waiting on Moore" will premiere on GCSEN, focusing on the Saints and new Head Coach Kellen Moore [8] Additional Programming - WVUE will produce five weekly Saints-related programs to air on Fox 8 and/or GCSEN [7][11] - The programming includes live shows such as the Daily Training Camp Show, Extended Pre-Game Show, and various podcasts [11]

Company Overview - International Money Express, Inc. (Intermex) is a leading money remittance provider focused on Latin America and the Caribbean, founded in 1994 [5] - The company utilizes proprietary technology to facilitate money transfers from various countries to over 60 destinations [5] - Intermex operates through a combination of digital platforms and a network of retail agents and company-operated stores [5] Partnership Announcement - Intermex has announced a new partnership with Houston Dynamo FC, a Major League Soccer team, aimed at promoting Latino culture through soccer [1][2] - This collaboration is significant in Houston, where over 45% of the population identifies as Latino, and Latino fans constitute nearly 70% of the MLS audience [2] Cultural and Community Engagement - The partnership seeks to enhance cultural pride, family connections, and community empowerment through various initiatives [2][4] - Intermex's Chief Product, Marketing & Digital Officer emphasized the importance of connecting with customers beyond financial services through shared heritage and passion for soccer [3] - The collaboration will include in-stadium experiences, community events, and cultural celebrations that honor the Latino community [4] Houston Dynamo FC Overview - Houston Dynamo FC is part of a multi-faceted organization that includes the Dynamo, the Houston Dash, and the Houston Dynamo Academy [6] - The club has a history of success, including two MLS Cup championships and participation in international competitions [6] - Recent investments include a multi-million-dollar renovation of Shell Energy Stadium and a new headquarters in East Downtown Houston [6]

Core Insights - Verizon has been announced as the exclusive wireless telecommunications partner for the new Highmark Stadium, set to open in 2026, and will also serve as a Founding Partner [1][2] - The partnership aims to enhance the fan experience through advanced 5G connectivity and innovative technology solutions [2][3] Company and Industry Summary - Verizon will implement a neutral host Distributed Antenna System (DAS) in the new stadium, providing state-of-the-art wireless solutions to keep fans connected [2][8] - The partnership includes the integration of Verizon Business Solutions to promote sustainability and streamline operations within the stadium [2][8] - The new Highmark Stadium will have a seating capacity of 60,000, expandable for special events, and will feature modern amenities such as advanced video and sound systems, broadcast facilities, and food service areas [3][11] - Verizon will offer premium programming, sweepstakes, and unique experiences for its customers throughout the season [5][8] - The company has committed to donating a total of $40,000 to the Veterans One-Stop Center, a local nonprofit supporting veterans and their families [5][8] - The collaboration with Legends, a global experiences company, has facilitated Verizon's role as a founding partner for the stadium [6] - Verizon's extensive technology ecosystem and 5G capabilities are designed to enhance the overall fan experience and operational efficiency for sports venues [7][8] - Verizon generated revenues of $134.0 billion in 2023, highlighting its significant market presence and commitment to innovation [9]

Core Insights - Palo Alto Networks has been named the Official Cybersecurity Partner of the NHL, marking a multiyear partnership focused on enhancing cybersecurity across the League and its arenas [1][2] - The partnership allows Palo Alto Networks to leverage exclusive marketing rights, connecting its brand with NHL fans through various marketing and digital channels [3] Company Overview - Palo Alto Networks is celebrating its 20th anniversary and has been providing cybersecurity solutions to the NHL since 2009, standardizing on next-generation firewalls, cloud security, and AI-powered security operations [2] - The company emphasizes its commitment to innovation in cybersecurity, particularly in areas like AI and digital transformation, which aligns with the NHL's goals [4] Partnership Impact - The partnership is expected to improve the NHL's cybersecurity initiatives, including an increase in the number of threats blocked per month, enhanced security for IoT devices, and reduced mean time to respond (MTTR) to security alerts [4] - By utilizing Palo Alto Networks' advanced solutions, the NHL aims to provide a secure experience for fans and players while navigating the evolving threat landscape [4]

Financial Data and Key Metrics Changes - Total revenue for Q4 2024 was $52.1 million, down from $67.7 million in Q4 2023, while full-year revenue increased to $662.7 million from $640.7 million in 2023 [25][26] - Adjusted OIBDA improved to negative $3.8 million in Q4 2024, up from negative $13 million in Q4 2023, indicating a reduction in operating expenses [28][29] - Operating loss for Q4 2024 was $18.6 million, improved from $32.4 million in Q4 2023, and full-year operating loss decreased to $39.8 million from $46.4 million in 2023 [29] Business Line Data and Key Metrics Changes - Baseball revenue increased to $595.4 million in 2024 from $581.7 million in 2023, driven by event and broadcasting revenue [27] - Mixed-use development revenue rose to $67.3 million in 2024 from $59 million in 2023, primarily due to increases in rental income and parking revenue [27] Market Data and Key Metrics Changes - The Battery Atlanta attracted 8.7 million visitors in 2024, generating over $130 million in retail revenue, despite fewer Braves home games and concerts [20][21] - Average visitor frequency at the Battery was 2.4 times with an average dwell time of 165 minutes per visit [21] Company Strategy and Development Direction - The company aims to enhance fan engagement through new partnerships, including streaming rights with FanDuel Sports Network and a deal with Gray Media to increase game accessibility [15][16][38] - The company is committed to providing a world-class experience at Truist Park and the Battery Atlanta, with new developments like the Children's Healthcare of Atlanta Park and the Outfield Market food hall [18][19] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the team's ability to compete for a World Series title, highlighting the return of key players from injuries [9][11] - The company views the reemergence of Main Street Sports from bankruptcy as a positive development, enhancing stability and accessibility for fans [14][36] Other Important Information - The company had $110.1 million in cash and cash equivalents as of December 31, 2024, primarily invested in highly rated financial instruments [30] Q&A Session Summary Question: Local media rights and capital structure - Management confirmed the new structure with FanDuel and Gray Media enhances broadcasting revenue growth and maintains strong local media rights [34][36] - On capital structure, management is comfortable with current debt levels and aims to maintain liquidity for investments [42][44] Question: Development opportunities and concert venues - Management indicated ongoing opportunities for development around Truist Park and plans to increase non-game day events [48][50] Question: Broadcasting rights environment - Management downplayed concerns about national broadcasting rights, asserting that the company is well-positioned regardless of market changes [56][60] Question: Social media engagement and international development - Management acknowledged the need for short-form content to engage fans and highlighted efforts to reach international audiences [66][72]