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    Max Marsh • CBRE Group, Inc.

    Max Marsh's questions to Flutter Entertainment PLC (FLUT) leadership

    Max Marsh's questions to Flutter Entertainment PLC (FLUT) leadership • Q2 2025

    Question

    Max Marsh of CBRE asked if the strong performance in Brazil is influencing Flutter's strategy for expansion into other Latin American markets and if a specific 'Flutter Edge' is being developed for the region.

    Answer

    CEO Peter Jackson responded that Flutter continuously evaluates global opportunities, including those in Latin America, as part of its disciplined capital deployment strategy. He noted that while the team is always thinking about new markets, the immediate focus has been on closing the recent acquisitions in Brazil and Italy.

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    Max Marsh's questions to Ryman Hospitality Properties Inc (RHP) leadership

    Max Marsh's questions to Ryman Hospitality Properties Inc (RHP) leadership • Q2 2025

    Question

    Max Marsh, on behalf of John DeCree at CBRE Group, Inc., asked about the resilience of the group business at Gaylord Opryland against new competition, given that management isolated recent softness to the transient segment.

    Answer

    EVP & COO Patrick Chaffin confirmed that the challenge at Gaylord Opryland is confined to transient ADR. He stated that the group business remains strong and is benefiting from recent capital expenditures, which are attracting a higher corporate mix and positioning the hotel favorably against all competition.

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