1/ST Company Profile

Background

Overview

1/ST is a leading entity in the Thoroughbred horse racing and pari-mutuel wagering industry, operating racetracks, offering mobile betting platforms, and hosting events. The company also manages media, content, and technology related to horse racing and engages in real estate development. Additionally, 1/ST is committed to supporting horse care and safety standards. The company is headquartered in Aurora, Ontario, Canada.

Mission and Vision

1/ST's mission is to redefine Thoroughbred racing by integrating sports, entertainment, and hospitality, creating innovative experiences for fans and participants. Its vision is to lead the industry in innovation, safety, and fan engagement, setting new standards for the racing ecosystem.

Primary Area of Focus

The company's primary focus includes operating premier racetracks, providing advanced wagering platforms, hosting high-profile racing events, and developing real estate projects that enhance the racing experience.

Industry Significance

1/ST plays a pivotal role in the Thoroughbred racing industry, influencing trends in racing operations, wagering technologies, and fan engagement. Its events, such as the Pegasus World Cup, are among the most significant in the racing calendar, attracting global attention.

Key Strategic Focus

Core Objectives

• Innovation in Racing Operations: Implementing cutting-edge technologies to enhance race management and fan engagement.

• Expansion of Wagering Platforms: Developing and promoting mobile and online betting solutions to reach a broader audience.

• Event Excellence: Hosting world-class racing events that set industry standards.

• Real Estate Development: Creating integrated communities around racing venues to enhance the fan experience.

Specific Areas of Specialization

• Racetrack Management: Operating iconic venues like Gulfstream Park and Santa Anita Park.

• Wagering Technology: Offering platforms such as 1/ST BET and Xpressbet for seamless betting experiences.

• Event Hosting: Organizing major events like the Pegasus World Cup and The Preakness Stakes.

• Real Estate Projects: Developing properties like The Village at Gulfstream Park to create vibrant communities.

Key Technologies Utilized

• Mobile Betting Platforms: 1/ST BET and Xpressbet for online wagering.

• Data Analytics: Utilizing data to enhance race outcomes and fan engagement.

• Event Management Systems: Advanced systems for organizing and managing large-scale events.

Primary Markets Targeted

• North America: Focusing on the U.S. and Canadian markets, particularly in states with a rich racing heritage.

• International: Attracting global audiences through major events and online platforms.

Financials and Funding

Funding History

Specific details regarding 1/ST's funding history are not publicly disclosed. The company has grown through strategic investments and partnerships, focusing on expanding its operations and enhancing its technological capabilities.

Total Funds Raised

The exact total funds raised by 1/ST are not publicly available.

Recent Funding Rounds

Information about recent funding rounds is not publicly disclosed.

Notable Investors

Details about individual investors are not publicly available.

Intended Utilization of Capital

Capital raised is primarily utilized for:

• Infrastructure Development: Upgrading and expanding racetrack facilities.

• Technology Enhancement: Developing and maintaining advanced wagering platforms.

• Event Production: Organizing high-profile racing events.

• Real Estate Projects: Developing integrated communities around racing venues.

Pipeline Development

Key Pipeline Candidates

• Gulfstream Park Expansion: Plans to enhance facilities and amenities to attract a broader audience.

• 1/ST BET Platform Upgrades: Ongoing development to improve user experience and introduce new features.

• Pegasus World Cup Enhancements: Innovations to elevate the event's profile and fan engagement.

Stages of Development

• Gulfstream Park Expansion: Planning and early-stage development.

• 1/ST BET Platform Upgrades: Continuous development with regular updates.

• Pegasus World Cup Enhancements: Annual planning and execution phases.

Target Conditions

• Gulfstream Park Expansion: Enhancing facilities to accommodate increased attendance and provide a premium experience.

• 1/ST BET Platform Upgrades: Improving platform stability, security, and user interface.

• Pegasus World Cup Enhancements: Introducing new entertainment elements and increasing international participation.

Anticipated Milestones

• Gulfstream Park Expansion: Completion of initial development phases by 2027.

• 1/ST BET Platform Upgrades: Quarterly updates with major feature releases annually.

• Pegasus World Cup Enhancements: Implementation of new features for the 2027 event.

Technological Platform and Innovation

Proprietary Technologies

• 1/ST BET: A mobile and online betting platform offering seamless wagering experiences.

• Xpressbet: An advanced wagering platform providing comprehensive race information and betting options.

Significant Scientific Methods

• Data Analytics: Utilizing data to enhance race outcomes and fan engagement.

• Event Management Systems: Advanced systems for organizing and managing large-scale events.

Leadership Team

Key Executives

• Belinda Stronach: Chairman and Chief Executive Officer.