Golden Nugget Online Gaming, Inc.

Today's conference is scheduled to begin shortly. Please continue to stand by. Thank you for your patience. THE END Thank you. THE END Good day and thank you for standing by. Welcome to the Golden Nugget Online Gaming first quarter 2021 earnings call. At this time, all participants are on the small mode. After the speaker's presentation, there will be a question and answer session. To ask a question during the session, you will need to press star 1 on your telephone. Please be advised that today's conference is being recorded. If you require any further assistance, please press star 0. I would now like to hand the conference over to your speaker today, Sloan Boland, Investor Relations. Thank you. Please go ahead.

Good afternoon, everyone, and thank you for joining us today to discuss our first quarter results for 2021. With me today are our Chairman and Chief Executive Officer, Tillman Fertitta, and our President, Thomas Winter, and our Chief Financial Officer, Mike Harwell. Before we begin, I'd like to remind all participants that our comments today will include forward-looking statements within the meetings of the federal securities laws. Forward-looking statements are not statements of historical facts, and a number of factors and uncertainties could cause our actual results in future periods to differ materially from what we talk about today. We assume no responsibility for updating the forward-looking statements, and therefore you should exercise caution in interpreting and relying on them. For a complete discussion of these risks, we encourage you to read the company's earnings release as well as our filings with the SEC. In addition, we refer to non-GAAP measures during the call. Please refer to our earnings release for a full reconciliation of net income or loss to EBITDA and adjusted EBITDA and for the definitions of our non-GAAP measures. And with that, let me turn the call over to Tillman for his opening remarks. Tillman?

Thank you, Sloan, and thank you to all the investors and analysts on the call. Before I turn the call over to Thomas and Mike, I'll begin with a few high-level points from the quarter. First, as you can see by our revenue growth in the quarter, we feel increasingly confident about what Golden Nugget Online Gaming can be as we expand into our new geographic areas and continue to build our scale. I mentioned the significant and growing addressable market for iGaming last quarter. But seeing what our team has accomplished to start 2021 really emphasizes how well positioned we are with the right assets, people, and, of course, execution. Second, as you will hear from Thomas, our state expansion plans are going extremely well, and we're now under agreements and geographies that represent nearly a third of the U.S. population. Put very simply, we have a very strong playbook to run from based on our experience in New Jersey, and it's our aim to recreate that same success in more and more states across the country. In Michigan, our results have exceeded our own expectations. In April alone, we grew our casino revenues there by 14%. Also, I believe our results in Michigan next year will equal our 2019 New Jersey revenues And that will turn profitable there sometimes in the latter part of 2022, way ahead of our expectations. I really can't help it, but my DNA requires that we operate our business that makes money. I've got to generate EBITDA, and we're so happy about it in Michigan next year. Lastly, I'll close by reiterating how powerful the Golden Nugget brand is combined with our broader businesses. A lot of our competitors have given up lots of equity or paid significant dollars to enhance media relationships. From a customer connectivity and loyalty standpoint, ours is so strong, we already are able to go into markets and people know who we are. We definitely have our own strategic advantage. It is Landry's massive customer base. Across Landry's, over 500 restaurants, five casinos, and many other entertainment venues across 40 U.S. states, we have access to tens of millions of customers, and we're just in our infancy of unlocking the value there. I don't think the market really understands the powerful relationship that exists and is available to GNOG through Landry's. With that, Let me end by again highlighting our excitement for the future and the great results Golden Nugget Online gaming team has produced to begin 2021. With that, I'll turn it over to our president, Thomas Winter.