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    Max Marsh

    Vice President and equity research analyst at CBRE Group, Inc.

    Max Marsh is a Vice President and equity research analyst at CBRE Group, Inc., with a focus on global gaming markets, specifically covering companies operating in the Macau casino sector. He has analyzed and forecasted the financial recoveries and performance of major players in the gaming industry, providing consensus estimates on revenues and market recovery timelines. Marsh joined CBRE after prior industry roles, bringing a strong background in financial market analytics and casino sector research. He holds relevant professional credentials and has established himself as a trusted voice in gaming and leisure sector analysis.

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

    Max Marsh's questions to Flutter Entertainment (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 (RHP) leadership

    Max Marsh's questions to Ryman Hospitality Properties (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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