Welcome to our dedicated page for Rush Street Interactive news (Ticker: RSI), a resource for investors and traders seeking the latest updates and insights on Rush Street Interactive stock.
Rush Street Interactive, Inc. (NYSE: RSI) is a prominent player in the online gaming and sports entertainment industry, specializing in online casinos and sports betting. Founded in 2012 and headquartered in Chicago, Illinois, Rush Street Interactive has established itself as a trusted provider in both the United States and Latin American markets.
RSI offers a diverse range of gaming options, including real-money online casinos, online sports betting, and retail sports betting. Additionally, the company caters to the growing demand for social gaming, providing free-to-play games that utilize virtual credits. RSI’s revenue model is driven by both business-to-consumer (B2C) and business-to-business (B2B) operations, making their comprehensive suite of products accessible through their websites and mobile apps.
In recent developments, Rush Street Interactive has made significant strides in expanding its market presence. Notable achievements include a partnership with Evolution to enter the Delaware market, enhancing the company's game offerings with online slots from brands such as NetEnt, Red Tiger, and Big Time Gaming. This collaboration highlights RSI's commitment to meeting the expanding demands of the U.S. market.
The company has also ventured into the sports arena with a title sponsorship for the NASCAR Xfinity Series Dash 4 Cash race at Dover Motor Speedway. This marks a historical moment as it allows fans in Delaware to place mobile sports wagers during the event. The partnership underscores RSI's dedication to delivering top-tier entertainment experiences and supporting local communities.
Financially, RSI has shown resilience and adaptability. The company's latest financial reports indicate continued growth, with adjustments for non-GAAP financial measures providing a clearer picture of their operational performance. RSI’s ability to innovate and adapt has earned them multiple industry accolades, including the 2023 EGR North America Awards Customer Services Operator of the Year and the 2021 SBC Latinoamérica Awards Sportsbook Operator of the Year.
Rush Street Interactive continues to drive forward, leveraging strategic partnerships and technological advancements to maintain its position as a leader in the online gaming and sports betting industry. For more information and updates, visit www.rushstreetinteractive.com.
Rush Street Interactive (NYSE: RSI) has appointed Thomas Winter to its board of directors, effective December 16, 2024, returning the board to nine members. Winter brings nearly two decades of gaming industry experience, notably as the founder of Golden Nugget Online Gaming (GNOG), where he served as President. Under his leadership, GNOG became a leading online gaming operator in New Jersey and was later sold to DraftKings for over $1.5 billion.
Prior to GNOG, Winter held CEO and director positions at Betclic, a major European online sports betting operator, and Expekt. At DraftKings, he developed their multi-brand online casino strategy and led their online casino business until September 2023.
Wynn Resorts (NASDAQ: WYNN) announced key additions to its investor relations team. Price Karr, currently Senior Vice President of Corporate Finance and Treasurer, will expand his role to lead the investor relations team as Senior Vice President of Investor Relations. Additionally, Lauren Seiler joins as Vice President of Investor Relations, reporting to Karr.
Both executives bring significant experience in the gaming and hospitality sectors. Karr, who started at Wynn in 2008, has extensive Wall Street experience advising on transactions in the U.S. and Asia. Seiler brings expertise in business development, strategic planning, and M&A, with a focus on gaming industry expansion. The enhanced team will oversee Wynn's investor relations strategy to support long-term shareholder value creation.
Rush Street Interactive's Chief Compliance Officer, Laura McAllister Cox, has been awarded the Chief Compliance Officer of the Year at the Vixio Global Regulatory Awards in London. Under her leadership, RSI became the first U.S. operator to receive the Responsible Gaming Council's RG Check Accreditation. With nearly four decades of industry experience, McAllister Cox oversees RSI's compliance strategy across regulatory, licensing, anti-money laundering, technical compliance, and responsible gaming areas.
Her achievements include building RSI's compliance department into a world-class operation and implementing forward-thinking compliance strategies. She previously served as President of the International Association of Gaming Advisors (IAGA) from 2017 to 2018 and held leadership roles at Rush Street Gaming, Greenberg Traurig, LLP, and Gaming Partners International
Rush Street Interactive (NYSE: RSI), a leading online casino and sports betting company, has announced its participation in two upcoming investor conferences. CEO Richard Schwartz and CFO Kyle Sauers will present at the Needham 4th Annual Consumer Tech/Ecommerce Virtual Conference on November 25 at 3:45 p.m. ET, and at Craig-Hallum's 4th Annual Online Gaming Conference on December 2 at 10:00 a.m. ET.
Live audio webcasts will be accessible through the company's website investor section, with replays available for 90 days.
Rush Street Interactive (NYSE: RSI) has been awarded Casino Operator of the Year at the 2024 SBC Latinoamérica Awards, recognizing its exceptional growth and commercial success in Latin America. CEO Richard Schwartz emphasized the company's strategic focus on regional expansion and superior gaming experience delivery. RSI has expanded its Latin American footprint by launching operations in new markets and introducing innovative gaming products tailored to local preferences. The company's success is attributed to its commitment to customer service, responsible gaming, and seamless gaming experience.
Rush Street Interactive (NYSE: RSI) has launched its proprietary online poker platform in Pennsylvania, developed in partnership with professional poker player Phil Galfond. The BetRivers Poker platform features cash games, tournaments, and innovative elements like Dynamic Avatars and Cub3d Sit and Go Tournaments. The platform integrates with Rivers Casino poker rooms in Pittsburgh and Philadelphia, offering a connected online and retail experience. The platform boasts among the lowest rake in Pennsylvania and is integrated into the iRush Rewards program. The launch includes collaboration with Poker Night in America series, with plans for expansion into additional jurisdictions.
Rush Street Interactive (NYSE: RSI) reported strong Q3 2024 results with revenue reaching $232.1 million, up 37% year-over-year. The company achieved net income of $3.2 million, compared to a net loss of $13.4 million in Q3 2023. Adjusted EBITDA increased significantly to $23.4 million, up from $4.1 million last year. Monthly Active Users grew 28% in US/Canada and 122% in Latin America. The company raised its full-year 2024 guidance, expecting revenue between $900-920 million and Adjusted EBITDA between $82-86 million. Additionally, RSI announced a $50 million share repurchase authorization.
Rush Street Interactive (NYSE: RSI) has launched PropPacks, an innovative digital game feature for the NBA season at BetRivers Sportsbook. Customers who place $10+ on qualifying Same Game Parlays receive up to three PropPacks per game at no extra cost. The game offers three tiers of player cards (bronze, silver, and gold) with potential payouts up to $10,000 in Bonus Credits. Props are available for 20+, 30+, 40+, and 50+ point totals, with higher prizes for each threshold. Additionally, BetRivers is offering NBA Parlay Insurance, pre-season NBA Futures Bet & Get offers, and BetRivers Squares for NCAA College Basketball games.
Rush Street Interactive (NYSE: RSI) has announced the release date for its third quarter 2024 earnings report. The company will disclose its financial results on Wednesday, October 30, 2024, after the market closes. Following the release, RSI will host a conference call at 6:00 pm Eastern Time (5:00 pm Central Time) to discuss the quarterly performance.
Investors and interested parties can access the earnings press release and related materials on RSI's investor relations website. To participate in the audio webcast and live Q&A session, individuals can visit the same website or dial in using the provided phone numbers. The conference call access code is 941616. An audio replay of the webcast will be available on the investor relations website until at least November 30, 2024.
Rush Street Interactive (NYSE: RSI) has unveiled an enhanced iRush Rewards Loyalty Program for BetRivers and PlaySugarHouse players. The revamped program offers:
- Easier earning and redeeming of rewards
- Longer maintenance of status and benefits
- Expanded selection of perks including cruises, luxury gifts, and vacation packages
Key enhancements include:New premium tiered system (Gold, Platinum, Black), three types of points (Loyalty, Bonus Store, Tier), extended tier benefits (up to one year), simplified point earning system, and a new streamlined user interface. The program aims to improve player retention and add value to the player experience, reflecting RSI's player-first philosophy.
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