David Fabris

David Fabris asked about the growth prospects of the Grover acquisition, specifically regarding quarterly net installs in legacy jurisdictions, Indiana's early tracking, and whether Indiana's fee per day is accretive, dilutive, or in line with the $39 trend.

Answer

Matt Wilson, President and CEO, stated that the Grover acquisition is performing well ahead of expectations, with organic unit growth across all existing markets. He noted that Indiana, regulated in late December, is showing strong performance consistent with expectations, and the company aims for similar long-term market share. He confirmed that Indiana's fee per day is reasonably consistent with the overall Grover contribution, similar to Class II. Oliver Chow, CFO, added that 150-200 units ongoing is a good base run rate for modeling, with incremental adds from Indiana.

David Fabris asked for an update on the Grover acquisition, specifically regarding growth prospects in legacy jurisdictions, the initial tracking of installs in Indiana, and whether Indiana's fee per day is consistent with the reported $39 trend.

Answer

President and CEO Matt Wilson confirmed strong performance for the Grover acquisition, noting organic unit growth across all existing markets in Q4 and a successful, disciplined launch in Indiana. He expects Indiana's fee per day to be consistent with the $39 trend seen elsewhere. CFO Oliver Chow added that a baseline of 150-200 ongoing units is a good starting point for modeling, with incremental adds from Indiana.