• 5 months ago
Transcript
00:00Bet Rivers, and they're obviously, even for being a little company, making some very big strides.
00:09I know Rush Street Interactive is the company, Bet Rivers is the parent company of that.
00:14And they seem to be, according to, Matt, your story from last week that I read, pretty thrilled with the development that they've had.
00:20They're really happy with how they've been operating, Craig.
00:23They report their earnings tonight, and it was interesting.
00:27You know, Bet Rivers is usually pretty conservative.
00:30They don't go out and market a whole lot, and so they don't really get too bullish on what they expect from digital and sports betting in specific.
00:39But they raised their adjusted EBITDA expectations after the first quarter because they had such a strong quarter.
00:47And it'll really be interesting to see if those numbers change again tonight.
00:52We know that Bet Rivers has been performing very well in my home state of Delaware.
00:57It's blown out expectations of what the market could do because we had an operator that just wasn't pulling the right levers last time.
01:04And, you know, they're working to keep their costs down.
01:08They are growing in Latin America.
01:11Their stock finally just hit above $10 for the first time in a long time.
01:16So everything is going well for Bet Rivers right now and Rush Street Interactive.
01:22Will that continue after tonight?
01:24You know, you certainly hope so for the shareholders there because it's been close to like $3 at some point, Craig.
01:31So Bet Rivers is churning right now, and I think they are too happy with where they are and going to keep fighting for some spots.

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