lol646 casino online games philippines TORONTO - Canada’s main stock index rose Wednesday, helped by strength in telecommunication and utility stocks, while U.S. stock markets moved lower. The S&P/TSX composite index closed up 83.16 points at 25,488.30. In New York, the Dow Jones industrial average was down 138.25 points at 44,722.06. The S&P 500 index was down 22.89 points at 5,998.74,while the Nasdaq composite was down 115.10 points at 19,060.48. The Canadian dollar traded for 71.25 cents UScompared with 71.01 cents US on Tuesday. The January crude oil contract was down five cents at US$68.72 per barreland the January natural gas contract was down 27 cents at US$3.20 per mmBTU. The February gold contract was up US$18.50 at US$2,664.80 an ounce and the March copper contract was up two cents at US$4.14 a pound. This report by The Canadian Press was first published Nov. 27, 2024. Companies in this story: (TSX:GSPTSE, TSX:CADUSD)A fugitive gains fame in New Orleans eluding dart guns and nets NEW ORLEANS (AP) — For months, a fugitive dog known as Scrim has transfixed the city of New Orleans. The 17-pound mutt has gained fame eluding a tenacious band of citizens wielding a tranquilizer dart gun and night vision binoculars. He's already escaped two homes. Now his sightings are plotted on a crowd-sourced Google map. Animal rescuers hope to capture the renegade pooch and put him in a place that's safe and secure. But there's a backlash, fueled by the now-viral video of Scrim leaping out a two-story window, under the hashtag #FreeScrim, as some think the dog should be able to roam free. McConnell falls and sprains wrist after GOP luncheon, colleague says he is 'fine' WASHINGTON (AP) — Senate Republican leader Mitch McConnell fell and sprained his wrist while walking out of a GOP luncheon on Tuesday, the latest in a series of medical incidents for him in recent years. That's according to a senator who was with him when it happened. Wyoming Sen. John Barrasso, the No. 3 Senate Republican and a doctor, said McConnell walked back to his office after the fall with no assistance and had “a small scratch.” Medical staff were seen taking a wheelchair into McConnell’s office just before a scheduled weekly news conference. McConnell, who is stepping down from his leadership post at the end of the year, did not attend the news conference. Who is Tony Buzbee, the lawyer suing Jay-Z as part of civil cases against Sean 'Diddy' Combs? HOUSTON (AP) — High-profile legal battles are nothing new for Texas attorney Tony Buzbee. His latest is a lawsuit he’s filed against rapper Jay-Z. Buzbee is accusing the iconic rapper as well as Sean “Diddy” Combs of sexually assaulting a minor at an awards show after-party in 2000. The lawsuit against Jay-Z is part of multiple civil cases Buzbee has filed on behalf of more than 150 people who allege sexual abuse and exploitation at the hands of Combs, who denies the claims. In his legal career, Buzbee has represented a variety of clients, including victims of sexual assault and well-known politicians. His critics say he’s full of bluster and bombast. Buzbee's firm says he's worked to “pursue justice against powerful figures.” OpenAI releases AI video generator Sora but limits how it depicts people SAN FRANCISCO (AP) — OpenAI has publicly released its new artificial intelligence video generator Sora but won’t let most users depict people as it monitors for patterns of misuse. Users of a premium version of OpenAI’s flagship product ChatGPT can now use Sora to instantly create AI-generated videos based on written commands. Among the highlighted examples are high-quality video clips of sumo-wrestling bears and a cat sipping coffee. But only a small set of invited testers can use Sora to make videos of humans as OpenAI works to “address concerns around misappropriation of likeness and deepfakes,” the company said in a blog post. Soto's record $765 million, 15-year contract with Mets reverberates through Major League Baseball DALLAS (AP) — Juan Soto’s record $765 million, 15-year contract with the New York Mets, the largest and longest deal in baseball history, has reverberated across the winter meetings. It stung the Yankees, who offered $760 million over 16 years to the All-Star outfielder. Soto’s deal sparked even greater expectations in a free agent market that includes pitchers Corbin Burnes and Max Fried, first basemen Pete Alonso and Christian Walker, third baseman Alex Bregman and outfielder Anthony Santander. Many small-market teams have long sought a salary cap but the consensus since the 1994-95 strike has been not to propose a hard limit. Rupert Murdoch’s attempt to change his family’s trust over Fox News media empire control rejected RENO, Nev. (AP) — A sealed document obtained by The New York Times says a Nevada commissioner has ruled against Rupert Murdoch’s effort to change his family’s trust to give his son Lachlan Murdoch control of his media empire and ensure Fox News maintains its conservative editorial slant. The commissioner concluded in a decision filed on Saturday that the two men had acted in “bad faith” in their bid to amend the irrevocable trust. Lachlan Murdoch is the head of Fox News and News Corp. The trust divides control of the company equally among Murdoch’s four oldest children after his death. A lawyer for Rupert Murdoch says he and his son intend to appeal the ruling. Greyhound racing is increasingly rare worldwide. New Zealand now plans to outlaw the practice WELLINGTON, New Zealand (AP) — New Zealand's racing minister says the country will outlaw greyhound racing, citing the injury rates for racing dogs. He says it will be shut down over the next 20 months, allowing time for those it employs to find other work and homes to be found for the 2,900 racing dogs. New Zealand is one of only a handful of countries where commercial greyhound racing is held. The industry body says the government has not recognized the progress it has made in animal welfare. The government passed an urgent law Tuesday barring greyhound owners from killing dogs as the industry winds down. Trustee over Infowars auction asks court to approve The Onion's winning bid A trustee who oversaw the bankruptcy auction of Alex Jones’ Infowars is asking a judge to approve The Onion’s winning bid for the conspiracy-filled platform. Trustee Christopher Murray took the stand Tuesday in the second day of testimony at a hearing where a judge is scrutinizing the satirical news outlet’s winning offer. He told U.S. Bankruptcy Judge Christopher Lopez in Houston that he was there asking a court to approve the sale of Infowars’ parent company to The Onion’s parent company. It is not clear how quickly Lopez will rule. The Onion wants to turn Infowars’ website and social media accounts into parodies. Still rockin': As a singer turns 80, the Christmas song she sang as a teen is a holiday staple NEW YORK (AP) — Brenda Lee's memories of recording “Rockin' Around the Christmas Tree” are a little hazy now. But that's to be expected, since she was 13-years-old when it was made in 1958 and this month is celebrating her 80th birthday. The song has lived a remarkable life, and even unseated Mariah Carey's “All I Want for Christmas is You” at the top of the Billboard charts last year. Experts say the way it evokes a simpler time at the “Christmas party hop” is a key to its success. The song achieves the neat trick of sounding retro without being dated. Mass evacuation of Philippine villages underway after a brief but major volcanic eruption MANILA, Philippines (AP) — About 87,000 people are being evacuated in a central Philippine region after a volcano erupted with a huge plume of ash and superhot streams of gas and debris hurtling down its slopes. The eruption Monday of Mount Kanlaon on central Negros island did not cause any immediate casualties, but the alert level was raised one level, indicating further and more explosive eruptions may occur. Volcanic ash fell over a wide area, nine flights were canceled or diverted, schools were closed and a nighttime curfew was imposed in the most vulnerable areas. Mass evacuations were being carried out urgently in towns and villages nearest the volcano's western and southern slopes.Myriad Genetics to Present New Data at San Antonio Breast Cancer Symposium

Sports bodies live in bubble – that’s why RFU is lavishly rewarding failureShare Tweet Share Share Email The food industry is a massive, multi-trillion-dollar industry that affects each one of us, presenting massive opportunities for investment on both the public and private sides. In fact, the USDA reports that the food service and food retail industries supplied $2.6 trillion worth of food in the U.S. in 2023 alone . Challenges posed by the food industry Unfortunately though, the food industry is also one of the largest emitters of greenhouse gasses in the world. In fact, one-third of global greenhouse gas emissions caused by human activity come from the food industry. Additionally, the size of the global population is exploding, surpassing 8 billion in November 2022. The United Nations estimates that the population will hit 9.7 billion by 2050 . As such, we will be hard-pressed to achieve net-zero carbon emissions or meet the needs of a growing global population without some major changes to the food industry that only technology can fix. Funding foodtech Currently, the key to funding this technology lies largely in the private sector. While a few food-technology companies have gone public, the lion’s share of these companies remain private, with many of them still in startup mode. The result is massive and growing opportunities for venture capital (VC) in foodtech. Of course, venture capitalists are always looking ahead to how their investment is going to pay off, and in foodtech, the greater opportunities lie in strategic mergers and acquisitions and trade sales rather than initial public offerings. According to venture capital firm Peakbridge, the top 10 food and ingredient companies spend only about $4 billion to $5 billion per year on research and development — while averaging $22 billion in spending annually on M&A . Data from Pitchbook reveals that in the third quarter, $2.7 billion worth of VC deals were completed, up 10.7% quarter over quarter. Over the past year, there have been 95 foodtech exits from VC, including 69 acquisitions and 18 buyouts . Success stories found in M&A Robust financial results have built up record levels of cash on the balance sheets of strategic acquirers, setting the stage for more increases in M&A, especially as many also pivot toward consumer preferences for natural and clean-label products. Massive food conglomerates are delving into the food technology space to try to keep up, like through the expansion of Cargill’s partnership with alternative protein startup ENOUGH and Buhler Group’s Swiss food innovation hub, which is developing sustainable foods like plant-based meat. Other companies are turning to M&A and other deals in the foodtech space, like International Flavors & Fragrances. Kraft also entered a joint venture with foodtech startup TheNotCompany to develop plant-based products. All these strategic deals demonstrate the rich deal-making environment for VC in foodtech. In fact, several VC firms specializing in foodtech have wasted no time tapping into the opportunities. Investing in fermentation For example, Earth First Food Ventures is focused on smart proteins, believing that the rapidly expanding global population needs alternative protein sources that are less damaging to the environment than the animal-based production currently practiced. More specifically, EFFV invests in plant-based, fermentation and cultivated assets. The firm’s investments include a Series C funding round in EVERY. EVERY uses precision fermentation to create proteins and functional ingredients without animals by decoupling the proteins from the animals that make them. The company’s products include protein bars and protein water, plant-based patties, and even chocolate-chip cookie baking mix. EFFV is also in discussions with other U.S. and European companies to participate in their upcoming B, C and D funding rounds. Eliminating food waste Meanwhile, Better Food Ventures (BFV) targets companies that harness the power of information technology to improve the food system. Using its framework of “positive impact,” the firm looks for early-stage, scalable, game-changing technologies in food and agriculture. BFV looks to several categories for its investments: connectivity and agility, productivity and economic stability, sustainability and transparency, precision and personalization, and nutritional health and wellness. Some of the firm’s investments include Afresh and The Bountiful Company, which engaged in M&A a few years ago, when Nestle acquired its core brands. Afresh is working to eliminate food waste and make fresh food accessible to everyone. The company reports that one-third of what we grow goes uneaten. Afresh works with grocers to improve their fresh food supply chain. According to the company, 44 million pounds of food waste have been prevented while carbon-dioxide emissions have been reduced by 24 million. Afresh claims to have saved 886 million gallons of water as well, thanks to the growing number of grocers who have adopted its technology platform. Beyond food Big Idea Ventures has invested in Bayou Best Foods and BioCloak, among other firms. Bayou BestFoods is developing premium, animal-free shellfish options, while BioCloak is a bioencapsulation technology that aims to replace petroleum-based encapsulation methods and materials. Big Idea is also investing in PlantSustain, a biocidal microbe technology company that aims to replace chemical fertilizers and pesticides. Big Idea isn’t the only VC firm looking beyond food products in developing foodtech. Lever VC is also diving into agtech with its investment in HerdDogg, a digital animal health and analytics company that aims to reduce mortality and diseases on farms. Lever VC has also invested in Boston Bioprocess, a CDMO service provider to companies producing novel food, beauty and industrial ingredients through fermentation. Funding foodtech via VC When foodtech companies go public, it’s often to much fanfare, although recent history tells us that it can take some time for such IPO investments to pay off. However, venture capital is presenting opportunities with much more immediate success than the public markets, as evidenced by the significant M&A activity in the private sector. As a result, it’s easy to see why companies are staying private longer. According to Morningstar, the median age at which companies are going public has jumped from 6.9 years 10 years ago to 10.7 years in 2024 , with record funding, regulatory changes and non-traditional investors supporting that trend. Thus, with technology driving the future of the food industry and companies staying private longer, it’s clear that VC is the future of foodtech, at least in the near term. Related Items: food , foodtech , Funding , Future , investing , tech , venture capital Share Tweet Share Share Email Recommended for you Unlock the Best British IPTV Subscription Skyhawk Drone Review: Truth Revealed! Read Before Buying Driving Innovation in Web Development: The Journey of Alim Shogenov in the High-Tech Industry Comments

ROHM and TSMC Launch Strategic Gallium Nitride Technology Collaboration for the Automotive IndustryBROOMFIELD, Colo. , Dec. 9, 2024 /PRNewswire/ -- Vail Resorts, Inc. (NYSE: MTN) today reported results for the first quarter of fiscal 2025 ended October 31, 2024 , provided season pass sales results for the 2024/2025 season, updated fiscal 2025 net income attributable to Vail Resorts, Inc. guidance and reaffirmed fiscal 2025 Resort Reported EBITDA guidance, announced capital investment plans for calendar year 2025, declared a dividend payable in January 2025 , and announced first quarter share repurchases. Highlights Commenting on the Company's fiscal 2025 first quarter results, Kirsten Lynch , Chief Executive Officer, said, "Our first fiscal quarter historically operates at a loss, given that our North American and European mountain resorts are generally not open for ski season. The quarter's results were driven by winter operations in Australia and summer activities in North America , including sightseeing, dining, retail, lodging, and administrative expenses. "Resort Reported EBITDA was consistent with the prior year, driven by growth in our North American summer business from increased activities spending and lodging results. This growth was offset by a decline in Resort Reported EBITDA of $9 million compared to the prior year from our Australian resorts due to record low snowfall and lower demand, cost inflation, the inclusion of Crans-Montana, and approximately $2.7 million of one-time costs related to the two-year resource efficiency transformation plan and $0.9 million of acquisition and integration related expenses." Regarding the Company's resource efficiency transformation plan, Lynch said, "Vail Resorts continues to make progress on its two-year resource efficiency transformation plan, which was announced in our September 2024 earnings. The two-year Resource Efficiency Transformation Plan is designed to improve organizational effectiveness and scale for operating leverage as the Company grows globally. Through scaled operations, global shared services, and expanded workforce management, the Company expects $100 million in annualized cost efficiencies by the end of its 2026 fiscal year. We will provide updates as significant milestones are achieved." Turning to season pass results, Lynch said, "Our season pass sales highlight the compelling value proposition of our pass products and our commitment to continually investing in the guest experience at our resorts. Over the last four years, pass product sales for the 2024/2025 North American ski season have grown 59% in units and 47% in sales dollars. For the upcoming 2024/2025 North American ski season, pass product sales through December 3, 2024 decreased approximately 2% in units and increased approximately 4% in sales dollars as compared to the period in the prior year through December 4, 2023 . This year's results benefited from an 8% price increase, partially offset by unit growth among lower priced Epic Day Pass products. Pass product sales are adjusted to eliminate the impact of changes in foreign currency exchange rates by applying an exchange rate of $0.71 between the Canadian dollar and U.S. dollar in both periods for Whistler Blackcomb pass sales. For the period between September 21, 2024 and December 3, 2024 , pass product sales trends improved relative to pass product sales through September 20, 2024 , with unit growth of approximately 1% and sales dollars growth of approximately 7% as compared to the period in the prior year from September 23, 2023 through December 4, 2023 , due to expected renewal strength, which we believe reflects delayed decision making. "Our North American pass sales highlight strong loyalty with growth among renewing pass holders across all geographies. For the full selling season, the Company acquired a substantial number of new pass holders, however the absolute number of new guests was smaller compared to the prior year, driving the overall unit decline for the full selling season. New pass holders come from lapsed guests, prior year lift ticket guests, and new guests to our database. The Company achieved growth from lapsed guests, who previously purchased a pass or lift ticket but did not buy a pass or lift ticket in the previous season. The decline in new pass holders compared to the prior year was driven by fewer guests who purchased lift tickets in the past season and from guests who are completely new to our database, which we believe was impacted by last season's challenging weather and industry normalization. Epic Day Pass products achieved unit growth driven by the strength in renewing pass holders. We expect to have approximately 2.3 million guests committed to our 42 North American, Australian, and European resorts in advance of the season in non-refundable advance commitment products this year, which are expected to generate over $975 million of revenue and account for approximately 75% of all skier visits (excluding complimentary visits)." Lynch continued, "Heading into the 2024/2025 ski season, we are encouraged by our strong base of committed guests, providing meaningful stability for our Company. Additionally, early season conditions have allowed us to open some resorts earlier than anticipated, including Whistler Blackcomb, Heavenly, Northstar, Kirkwood, and Stevens Pass. Early season conditions have also enabled our Rockies resorts to open with significantly improved terrain relative to the prior year, including the opening of the legendary back bowls at Vail Mountain opening the earliest since 2018. Our resorts in the East are experiencing typical seasonal variability for this point in the year, with all resorts planned to open ahead of the holidays. We are continuing to hire for the winter season, and are on track with our staffing plans and have achieved a strong return rate of our frontline employees from the prior season. Lodging bookings at our U.S. resorts for the upcoming season are consistent with last year. At Whistler Blackcomb, lodging bookings for the full season are lagging prior year levels, which may reflect delayed decision making following challenging conditions in the prior year." Operating Results A more complete discussion of our operating results can be found within the Management's Discussion and Analysis of Financial Condition and Results of Operations section of the Company's Form 10-Q for the first fiscal quarter ended October 31, 2024 , which was filed today with the Securities and Exchange Commission. The following are segment highlights: Mountain Segment Lodging Segment Resort - Combination of Mountain and Lodging Segments Real Estate Segment Total Performance Outlook The Company's Resort Reported EBITDA guidance for the year ending July 31, 2025 is unchanged from the prior guidance provided on September 26, 2024 . The Company is updating its guidance for net income attributable to Vail Resorts, Inc., which it now expects to be between $240 million and $316 million , up from the prior guidance range of $224 million to $300 million . The primary difference is due to a $17 million increase from the gain on sale of real property related to the resolution of the October 2023 Eagle County District Court final ruling and valuation regarding the Town of Vail's condemnation of the Company's East Vail property that was planned for Vail Resorts' incremental affordable workforce housing project, a transaction that has been recorded as Real Estate Reported EBITDA. Additionally, the guidance is updated to include a decrease in expected interest expense of approximately $2 million which assumes that interest rates remain at current levels for the remainder of fiscal 2025. These changes have no impact on expected Resort Reported EBITDA. The Company continues to expect Resort Reported EBITDA for fiscal 2025 to be between $838 million and $894 million , including approximately $27 million of cost efficiencies and an estimated $15 million in one-time costs related to the multi-year resource efficiency transformation plan, and an estimated $1 million of acquisition and integration related expenses specific to Crans-Montana. As compared to fiscal 2024, the fiscal 2025 guidance includes the assumed benefit of a return to normal weather conditions after the challenging conditions in fiscal 2024, more than offset by a return to normal operating costs and the impact of the continued industry normalization, impacting demand. Additionally, the guidance reflects the negative impact from the record low snowfall and related shortened season in Australia in the first quarter of fiscal 2025, which negatively impacted demand and resulted in a $9 million decline of Resort Reported EBITDA compared to the prior year period. After considering these items, we expect Resort Reported EBITDA to grow from price increases and ancillary spending, the resource efficiency transformation plan, and the addition of Crans-Montana for the full year. The guidance also assumes (1) a continuation of the current economic environment, (2) normal weather conditions for the 2024/2025 North American and European ski season and the 2025 Australian ski season, and (3) the foreign currency exchange rates as of our original fiscal 2025 guidance issued September 26, 2024 . Foreign currency exchange rates have experienced recent volatility. Relative to the current guidance, if the currency exchange rates as of yesterday, December 8, 2024 of $0.71 between the Canadian Dollar and U.S. Dollar related to the operations of Whistler Blackcomb in Canada , $0.64 between the Australian Dollar and U.S. Dollar related to the operations of Perisher, Falls Creek and Hotham in Australia , and $1.14 between the Swiss Franc and U.S. Dollar related to the operations of Andermatt-Sedrun and Crans-Montana in Switzerland were to continue for the remainder of the fiscal year, the Company expects this would have an impact on fiscal 2025 guidance of approximately negative $5 million for Resort Reported EBITDA. The following table reflects the forecasted guidance range for the Company's fiscal year ending July 31, 2025 for Total Reported EBITDA (after stock-based compensation expense) and reconciles net income attributable to Vail Resorts, Inc. guidance to such Total Reported EBITDA guidance. Fiscal 2025 Guidance (In thousands) For the Year Ending July 31, 2025 (6) Low End High End Range Range Net income attributable to Vail Resorts, Inc. $ 240,000 $ 316,000 Net income attributable to noncontrolling interests 23,000 17,000 Net income 263,000 333,000 Provision for income taxes (1) 91,000 115,000 Income before income taxes 354,000 448,000 Depreciation and amortization 295,000 279,000 Interest expense, net 174,000 166,000 Other (2) 21,000 13,000 Total Reported EBITDA $ 844,000 $ 906,000 Mountain Reported EBITDA (3) $ 818,000 $ 872,000 Lodging Reported EBITDA (4) 16,000 26,000 Resort Reported EBITDA (5) 838,000 894,000 Real Estate Reported EBITDA 6,000 12,000 Total Reported EBITDA $ 844,000 $ 906,000 (1) The provision for income taxes may be impacted by excess tax benefits primarily resulting from vesting and exercises of equity awards. Our estimated provision for income taxes does not include the impact, if any, of unknown future exercises of employee equity awards, which could have a material impact given that a significant portion of our awards may be in-the-money depending on the current value of the stock price. (2) Our guidance includes certain forward looking known changes in the fair value of the contingent consideration based solely on the passage of time and resulting impact on present value. Guidance excludes any forward looking change based upon, among other things, financial projections including long-term growth rates for Park City, which such change may be material. Separately, the intercompany loan associated with the Whistler Blackcomb transaction requires foreign currency remeasurement to Canadian dollars, the functional currency of Whistler Blackcomb. Our guidance excludes any forward looking change related to foreign currency gains or losses on the intercompany loans, which such change may be material. Additionally, our guidance excludes the impact of any future sales or disposals of land or other assets which are contingent upon future approvals or other outcomes. (3) Mountain Reported EBITDA also includes approximately $25 million of stock-based compensation. (4) Lodging Reported EBITDA also includes approximately $4 million of stock-based compensation. (5) The Company provides Reported EBITDA ranges for the Mountain and Lodging segments, as well as for the two combined. The low and high of the expected ranges provided for the Mountain and Lodging segments, while possible, do not sum to the high or low end of the Resort Reported EBITDA range provided because we do not expect or assume that we will hit the low or high end of both ranges. (6) Guidance estimates are predicated on an exchange rate of $0.74 between the Canadian dollar and U.S. dollar, related to the operations of Whistler Blackcomb in Canada; an exchange rate of $0.67 between the Australian dollar and U.S. dollar, related to the operations of our Australian ski areas; and an exchange rate of $1.18 between the Swiss franc and U.S. dollar, related to the operations of Andermatt-Sedrun and Crans-Montana in Switzerland. Liquidity and Return of Capital As of October 31, 2024 , the Company's total liquidity as measured by total cash plus revolver availability was approximately $1,024 million . This includes $404 million of cash on hand, $407 million of U.S. revolver availability under the Vail Holdings Credit Agreement, and $213 million of revolver availability under the Whistler Credit Agreement. As of October 31, 2024 , the Company's Net Debt was 2.8 times its trailing twelve months Total Reported EBITDA. Regarding the return of capital to shareholders, the Company declared a quarterly cash dividend of $2.22 per share of Vail Resorts' common stock payable on January 9, 2025 to shareholders of record as of December 26 , 2024. In addition, the Company repurchased approximately 0.1 million shares during the quarter at an average price of approximately $174 for a total of $20 million . The Company has 1.6 million shares remaining under its authorization for share repurchases. Commenting on capital allocation, Lynch said, "We will continue to be disciplined stewards of our shareholders' capital, prioritizing investments in our guest and employee experience, high-return capital projects, strategic acquisition opportunities, and returning capital to our shareholders. The Company has a strong balance sheet and remains focused on returning capital to shareholders while always prioritizing the long-term value of our shares." Capital Investments Vail Resorts is committed to enhancing the guest experience and supporting the Company's growth strategies through significant capital investments. For calendar year 2025, the Company plans to invest approximately $198 million to $203 million in core capital, before $45 million of growth capital investments at its European resorts, including $41 million at Andermatt-Sedrun and $4 million at Crans-Montana, and $6 million of real estate related capital projects to complete multi-year transformational investments at the key base area portals of Breckenridge Peak 8 and Keystone River Run, and planning investments to support the development of the West Lionshead area into a fourth base village at Vail Mountain. Including European growth capital investments, and real estate related capital, the Company plans to invest approximately $249 million to $254 million in calendar year 2025. Projects in the calendar year 2025 capital plan described herein remain subject to approvals. In calendar year 2025, the Company will embark on two multi-year transformational investment plans at Park City Mountain and Vail Mountain. In addition to embarking on two multi-year transformational investment plans, the Company is planning significant investments across the guest experience in calendar year 2025, including: In addition to the investments planned for calendar year 2025, the Company is completing significant investments that will enhance the guest experience for the upcoming 2024/2025 North American and European ski season. As previously announced, the Company expects its capital plan for calendar year 2024 to be approximately $189 million to $194 million , excluding $13 million of incremental capital investments in premium fleet and fulfillment infrastructure to support the official launch of My Epic Gear for the 2024/2025 winter season at 12 destination and regional resorts across North America , $7 million of growth capital investments at Andermatt-Sedrun, $2 million of maintenance and $2 million of integration investments at Crans-Montana, and $3 million of reimbursable capital. Including these one-time investments, the Company's total capital plan for calendar year 2024 is now expected to be approximately $216 million to $221 million . Earnings Conference Call The Company will conduct a conference call today at 5:00 p.m. eastern time to discuss the financial results. The call will be webcast and can be accessed at www.vailresorts.com in the Investor Relations section, or dial (800) 579-2543 (U.S. and Canada ) or +1 (785) 424-1789 (international). The conference ID is MTNQ125. A replay of the conference call will be available two hours following the conclusion of the conference call through December 16, 2024 , at 11:59 p.m. eastern time . To access the replay, dial (800) 753-9146 (U.S. and Canada ) or +1 (402) 220-2705 (international). The conference call will also be archived at www.vailresorts.com . About Vail Resorts, Inc. (NYSE: MTN) Vail Resorts is a network of the best destination and close-to-home ski resorts in the world including Vail Mountain, Breckenridge , Park City Mountain, Whistler Blackcomb, Stowe, and 32 additional resorts across North America ; Andermatt-Sedrun and Crans-Montana Mountain Resort in Switzerland ; and Perisher, Hotham, and Falls Creek in Australia . We are passionate about providing an Experience of a Lifetime to our team members and guests, and our EpicPromise is to reach a zero net operating footprint by 2030, support our employees and communities, and broaden engagement in our sport. Our company owns and/or manages a collection of elegant hotels under the RockResorts brand, a portfolio of vacation rentals, condominiums and branded hotels located in close proximity to our mountain destinations, as well as the Grand Teton Lodge Company in Jackson Hole, Wyo. Vail Resorts Retail operates more than 250 retail and rental locations across North America . Learn more about our company at www.VailResorts.com , or discover our resorts and pass options at www.EpicPass.com . Forward-Looking Statements Certain statements discussed in this press release and on the conference call, other than statements of historical information, are forward-looking statements within the meaning of the federal securities laws, including the statements regarding fiscal 2025 performance and the assumptions related thereto, including, but not limited to, our expected net income and Resort Reported EBITDA; our expectations regarding our liquidity; expectations related to our season pass products; our expectations regarding our ancillary lines of business; capital investment projects; our calendar year 2025 capital plan; our expectations regarding our resource efficiency transformation plan; and the payment of dividends. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. All forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from those projected. Such risks and uncertainties include but are not limited to risks related to a prolonged weakness in general economic conditions, including adverse effects on the overall travel and leisure related industries and our business and results of operations; risks associated with the effects of high or prolonged inflation, elevated interest rates and financial institution disruptions; unfavorable weather conditions or the impact of natural disasters or other unexpected events; the ultimate amount of refunds that we could be required to refund to our pass product holders for qualifying circumstances under our Epic Coverage program; the willingness or ability of our guests to travel due to terrorism, the uncertainty of military conflicts or public health emergencies, and the cost and availability of travel options and changing consumer preferences, discretionary spending habits; risks related to travel and airline disruptions, and other adverse impacts on the ability of our guests to travel; risks related to interruptions or disruptions of our information technology systems, data security or cyberattacks; risks related to our reliance on information technology, including our failure to maintain the integrity of our customer or employee data and our ability to adapt to technological developments or industry trends; our ability to acquire, develop and implement relevant technology offerings for customers and partners; the seasonality of our business combined with adverse events that may occur during our peak operating periods; competition in our mountain and lodging businesses or with other recreational and leisure activities; risks related to the high fixed cost structure of our business; our ability to fund resort capital expenditures, or accurately identify the need for, or anticipate the timing of certain capital expenditures; risks related to a disruption in our water supply that would impact our snowmaking capabilities and operations; our reliance on government permits or approvals for our use of public land or to make operational and capital improvements; risks related to resource efficiency transformation initiatives; risks related to federal, state, local and foreign government laws, rules and regulations, including environmental and health and safety laws and regulations; risks related to changes in security and privacy laws and regulations which could increase our operating costs and adversely affect our ability to market our products, properties and services effectively; potential failure to adapt to technological developments or industry trends regarding information technology; our ability to successfully launch and promote adoption of new products, technology, services and programs; risks related to our workforce, including increased labor costs, loss of key personnel and our ability to maintain adequate staffing, including hiring and retaining a sufficient seasonal workforce; our ability to successfully integrate acquired businesses, including their integration into our internal controls and infrastructure; our ability to successfully navigate new markets, including Europe , or that acquired businesses may fail to perform in accordance with expectations; a deterioration in the quality or reputation of our brands, including our ability to protect our intellectual property and the risk of accidents at our mountain resorts; risks related to scrutiny and changing expectations regarding our environmental, social and governance practices and reporting; risks associated with international operations, including fluctuations in foreign currency exchange rates where the Company has foreign currency exposure, primarily the Canadian and Australian dollars and the Swiss franc, as compared to the U.S. dollar; changes in tax laws, regulations or interpretations, or adverse determinations by taxing authorities; risks related to our indebtedness and our ability to satisfy our debt service requirements under our outstanding debt including our unsecured senior notes, which could reduce our ability to use our cash flow to fund our operations, capital expenditures, future business opportunities and other purposes; a materially adverse change in our financial condition; adverse consequences of current or future litigation and legal claims; changes in accounting judgments and estimates, accounting principles, policies or guidelines; and other risks detailed in the Company's filings with the Securities and Exchange Commission, including the "Risk Factors" section of the Company's Annual Report on Form 10-K for the fiscal year ended July 31, 2024 , which was filed on September 26, 2024 . All forward-looking statements attributable to us or any persons acting on our behalf are expressly qualified in their entirety by these cautionary statements. All guidance and forward-looking statements in this press release are made as of the date hereof and we do not undertake any obligation to update any forecast or forward-looking statements whether as a result of new information, future events or otherwise, except as may be required by law. Statement Concerning Non-GAAP Financial Measures When reporting financial results, we use the terms Resort Reported EBITDA, Total Reported EBITDA, Resort EBITDA Margin, Net Debt and Net Real Estate Cash Flow, which are not financial measures under accounting principles generally accepted in the United States of America ("GAAP"). Resort Reported EBITDA, Total Reported EBITDA, Resort EBITDA Margin, Net Debt and Net Real Estate Cash Flow should not be considered in isolation or as an alternative to, or substitute for, measures of financial performance or liquidity prepared in accordance with GAAP. In addition, we report segment Reported EBITDA (i.e. Mountain, Lodging and Real Estate), the measure of segment profit or loss required to be disclosed in accordance with GAAP. Accordingly, these measures may not be comparable to similarly-titled measures of other companies. Additionally, with respect to discussion of impacts from currency, the Company calculates the impact by applying current period foreign exchange rates to the prior period results, as the Company believes that comparing financial information using comparable foreign exchange rates is a more objective and useful measure of changes in operating performance. Reported EBITDA (and its counterpart for each of our segments) has been presented herein as a measure of the Company's performance. The Company believes that Reported EBITDA is an indicative measurement of the Company's operating performance, and is similar to performance metrics generally used by investors to evaluate other companies in the resort and lodging industries. The Company defines Resort EBITDA Margin as Resort Reported EBITDA divided by Resort net revenue. The Company believes Resort EBITDA Margin is an important measurement of operating performance. The Company believes that Net Debt is an important measurement of liquidity as it is an indicator of the Company's ability to obtain additional capital resources for its future cash needs. Additionally, the Company believes Net Real Estate Cash Flow is important as a cash flow indicator for its Real Estate segment. See the tables provided in this release for reconciliations of our measures of segment profitability and non-GAAP financial measures to the most directly comparable GAAP financial measures. Vail Resorts, Inc. Consolidated Condensed Statements of Operations (In thousands, except per share amounts) (Unaudited) Three Months Ended October 31, 2024 2023 Net revenue: Mountain and Lodging services and other $ 187,050 $ 182,834 Mountain and Lodging retail and dining 73,162 71,442 Resort net revenue 260,212 254,276 Real Estate 63 4,289 Total net revenue 260,275 258,565 Segment operating expense: Mountain and Lodging operating expense 266,264 255,576 Mountain and Lodging retail and dining cost of products sold 28,947 31,295 General and administrative 106,857 108,025 Resort operating expense 402,068 394,896 Real Estate operating expense 1,491 5,181 Total segment operating expense 403,559 400,077 Other operating (expense) income: Depreciation and amortization (71,633) (66,728) Gain on sale of real property 16,506 6,285 Change in estimated fair value of contingent consideration (2,079) (3,057) Loss on disposal of fixed assets and other, net (1,529) (2,043) Loss from operations (202,019) (207,055) Mountain equity investment income, net 2,151

The Miami Hurricanes, who once appeared to be a near-lock for the College Football Playoff, are not playing for a national title. Instead, they will play in the Pop-Tarts Bowl in Orlando. That bowl berth against Iowa State is a let-down for fans with dreams of a sixth national title in their minds, as well as players hoping to compete for a championship. However, Miami’s trip to Orlando and the lead-up to it are still crucial periods for the Hurricanes for multiple reasons. First, it’s a chance for the program to achieve something it has not done in more than two decades: win 11 games. Although the 11th win won’t get them closer to a championship, it is a good sign of the program’s progress over Mario Cristobal’s tenure. It would also end UM’s five-game losing streak in bowls. “We’re not satisfied,” Cristobal said. “We want to win every single game. We won 10. We were close on the other two, but close isn’t good enough. We want progress. We’re hungry and driven to get better, and so that’s what our focus is on: to improving as a football program, to getting better, to moving into the postseason with an opportunity against a great football team like this and putting our best on the field.” There are signs the Hurricanes will show up at close to full strength for the bowl game. Running back Damien Martinez announced he was going to play, and star quarterback Cam Ward said in a video call posted on social media that he intends to play, as well. “We’re trying to win our first bowl game in 20 years,” Ward said in the video, mistaking the length of UM’s long bowl losing streak. “We’re going hard.” Playing in the bowl game also provides the opportunity for the Hurricanes to get in several practices between now and the game. That means Miami can develop its young players and prepare them for next season during both the practices and the bowl game itself. “It’s extremely valuable,” Cristobal said. “You really don’t have many opportunities throughout the course of the year — time is limited more and more each season with your student-athletes. I want to state this and be very clear: it’s very important, it’s ultra-important for the University of Miami to continue to develop and grow and progress by stressing the importance of offseason opportunities ... You learn a lot about your team and learn a lot about your people and your program when you head to the postseason.” Of course, there are potential negatives. Players can get hurt; Mark Fletcher Jr. suffered a foot injury in the Pinstripe Bowl last year that cost him all of spring practice. A poor performance can also potentially set the tone for next season, like how Florida State, fresh off a playoff snub last year, suffered a devastating loss against Georgia in the Orange Bowl and went on to a dismal 2-10 season this year. “This is the ending of ’24 and the beginning of ’25,” Cristobal said. “This is the last opportunity to be on the field and carry some momentum into the offseason. So it is, in essence, it is the most important game because it’s the next game. “There’s a lot of excitement in the form of opportunity for our guys. Our guys love to play football. The chance to play one more time with this special group — this is a special group of guys now. They’ve worked hard to really change the trajectory of the University of Miami, and they want to continue to elevate the status and the culture at the University of Miami. So certainly a ton to play for.” ____ Get local news delivered to your inbox!

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Manchester City’s crisis deepened as they surrendered a three-goal lead late in the game to draw 3-3 against Feyenoord in the Champions League. Pep Guardiola’s side avoided the indignity of a sixth successive defeat in all competitions and looked on course for a welcome victory thanks to a double from Erling Haaland – the first from the penalty spot – and a deflected effort from Ilkay Gundogan. Yet Guardiola was left with his head in hands as Feyenoord roared back in the last 15 minutes with goals from Anis Hadj Moussa, Sergio Gimenez and David Hancko, two of them after Josko Gvardiol errors. Arsenal delivered the statement Champions League win Mikel Arteta had demanded as they swept aside Sporting Lisbon 5-1. Arteta wanted his team to prove their European credentials, and goals from Gabriel Martinelli, Kai Havertz, Gabriel, Bukayo Saka and Leandro Trossard got their continental campaign back on track in style following the 1-0 defeat at Inter Milan last time out. A memorable victory also ended Sporting’s unbeaten start to the season, a streak of 17 wins and one draw, the vast majority of which prompted Manchester United to prise away head coach Ruben Amorim. Paris St Germain were left in serious of danger of failing to progress in the Champions League as they fell to a 1-0 defeat to Bayern Munich at the Allianz Arena. Kim Min-jae’s header late in the first half was enough to send PSG to a third defeat in the competition this season, leaving them six points off the automatic qualification places for the last 16 with three games to play. Luis Enrique’s side, who had Ousmane Dembele sent off, were deservedly beaten by Bayern who dominated chances and possession. Elsewhere, Atletico Madrid were 6-0 winners away to Sparta Prague, Julian Alvarez and Angel Correa each scoring twice whilst there were also goals from Marcos Llorente and Antoine Griezmann. Barcelona ended tournament debutants Brest’s unbeaten start with a 3-0 victory courtesy of two goals from Robert Lewandowski – one a penalty – and Dani Olmo. Lewandowski’s first was his 100th Champions League goal, only the third man to reach the mark after Cristiano Ronaldo and Lionel Messi. A Castello Lukeba own goal saw Inter Milan go top of the standings with a narrow 1-0 win over RB Leipzig at San Siro, whilst Bayer Leverkusen were emphatic victors against Red Bull Salzburg, Florian Wirtz scoring twice to move Xabi Alonso’s side into the automatic qualification places. Atalanta continued their strong start, albeit whilst conceding a first goal in Europe this season in a 6-1 win away to Young Boys, whilst Tammy Abraham scored the decisive goal as AC Milan beat Slovan Bratislava 3-2.A UK ticket-holder has won £177 million in Tuesday’s EuroMillions draw. But it is not the largest prize a person has won in this country. Here are the 10 biggest UK lottery winners – all from EuroMillions draws – and what some of them did with their fortunes. – Anonymous, £195,707,000 A UK ticket-holder scooped the record EuroMillions jackpot of £195 million on July 19 2022 – the biggest National Lottery win of all time. – Joe and Jess Thwaite, £184,262,899.10 Joe and Jess Thwaite, from Gloucester, scooped a then record-breaking £184,262,899 with a Lucky Dip ticket for the draw on May 10 2022. At the time, Joe was a communications sales engineer, and Jess ran a hairdressing salon with her sister. – Unclaimed ticket holder, £177 million Tuesday’s winner is wealthier than former One Direction member Harry Styles and heavyweight boxer Anthony Joshua, who are both worth £175 million, according to the latest Sunday Times Rich List. Players have been urged to check their tickets to see if they can claim the prize. – Anonymous, £170,221,000 The fourth biggest winner of the National Lottery to date scooped £170 million in October 2019, after matching all the numbers in a Must Be Won draw. – Colin and Chris Weir, £161,653,000 Colin and Chris Weir, from Largs, North Ayrshire, bagged their historic winnings in July 2011, making them the biggest UK winners at the time. Colin used £2.5 million of his fortune to invest in his beloved Partick Thistle Football Club, which led to one of the stands at the stadium being named after him. He later acquired a 55% shareholding in the club, which was to be passed into the hands of the local community upon his death. He died in December 2019, aged 71. The couple also set up the Weir Charitable Trust in 2013 and donated £1 million to the Scottish independence referendum in 2014. They divorced in the same year as Colin’s death. – Adrian and Gillian Bayford, £148,656,000 Adrian and Gillian won 190 million euros in a EuroMillions draw in August 2012, which came to just over £148 million. The couple bought a Grade II listed estate in Cambridgeshire, complete with cinema and billiards room, but it was sold in 2021, some years after the pair divorced, as reported by The Mirror. – Anonymous, £123,458,008 The seventh biggest National Lottery winner won a Superdraw rollover jackpot in June 2019, and decided not to go public with their success. – Anonymous, £122,550,350 After nine rollovers, one lucky anonymous ticket-holder bagged more than £122 million in April 2021. – Anonymous, £121,328,187 Another of the UK’s top 10 lottery winners found their fortune through a Superdraw jackpot rollover, this time in April 2018. – Frances and Patrick Connolly, £114,969,775 Former social worker and teacher Frances set up two charitable foundations after she and her husband won almost £115 million on New Year’s Day 2019. She estimates that she has already given away £60 million to charitable causes, as well as friends and family. She considers helping others to be an addiction, saying: “It gives you a buzz and it’s addictive. I’m addicted to it now.”

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