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BetRivers Expands Into Canada With Launch of Social Gaming in Ontario
Rhea-AI Impact
(Neutral)
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Rhea-AI Summary
Rush Street Interactive (NYSE: RSI) has launched its social gaming platform, CASINO4FUN®, in Ontario, marking its entry into the Canadian market. The platform offers a free-to-play online casino and sportsbook, available on all devices for players aged 19 and older. CASINO4FUN® features over 350 games and aims to build a player database ahead of the anticipated real-money online casino and sports betting launch under the BetRivers brand in Ontario. This expansion follows RSI's recognition as a leading operator in the U.S. and Latin America.
Positive
Launch of CASINO4FUN® in Ontario enhances market presence.
Provides a free-to-play platform to build brand and player database prior to real-money launch.
RSI recognized as the fourth largest online casino and sports betting operator in the U.S.
Negative
Real-money online casino and sports betting launch in Ontario is subject to licensing and regulatory approvals, which may delay market entry.
CASINO4FUN® Social Casino and Social Sportsbook Available Now at BetRivers.net
BetRivers Real-Money Online Casino and Sports Betting Expected to Launch in Ontario in the Coming Months
CHICAGO--(BUSINESS WIRE)--
Rush Street Interactive, Inc. (NYSE: RSI) (“RSI” or the “Company”), a leading online casino and sports betting company in the United States, today announced that it is entering the Canadian market with the launch of its social gaming platform, CASINO4FUN®, in the province of Ontario. The free-to-play online casino and sportsbook is available now on all mobile devices, tablets, desktop and laptop computers for Ontarians aged 19 and older at BetRivers.net.
CASINO4FUN® is powered by the same proprietary technology behind RSI’s real-money platform and offers players in Ontario the comprehensive range of gaming options for which RSI is known in the United States and Latin America. The innovative online casino includes over 350 of the latest slot machines and table games as well as unique loyalty and bonusing features, while the online sportsbook gives sports fans the opportunity to experience single-game betting and parlays on numerous leagues worldwide.
“Our expansion into Canada represents an exciting new frontier for RSI and continues our growth across the Americas,” said Richard Schwartz, Chief Executive Officer of RSI. “CASINO4FUN® offers our community of players the same high level of entertainment and customer service of RSI’s real-money gaming platform, delivered in a casual and free-to-play setting. We look forward to providing a truly differentiated gaming experience for players in Ontario that is focused on fostering player trust and enjoyment.”
RSI expects to launch real-money online casino and sports betting in Ontario under its BetRivers brand in the coming months, subject to licensing and regulatory approvals. In the meantime, CASINO4FUN® will enable the Company to build its brand and player database and promptly provide these players access to complete the registration process for the BetRivers real-money platform upon launch.
Canada is now the third country where RSI operates real-money or social gaming. The Company is the fourth largest operator of online casino and sports betting combined in the United States as of July 2021, per Eilers & Krejcik, and is highly regarded in Colombia, where it was recently nominated as ‘Sportsbook of the Year’ and ‘Casino Operator of the Year’ at the SBC Latinoamérica Awards 2021.
About RSI
RSI is a trusted online gaming and sports entertainment company focused on regulated markets in the United States and Latin America. Through its brands, BetRivers.com and PlaySugarHouse.com, RSI was an early entrant in many regulated jurisdictions and is currently live with real-money mobile, online and/or retail operations in eleven U.S. states: Pennsylvania, Illinois, New Jersey, New York, Connecticut, Michigan, Indiana, Virginia, Colorado, Iowa and West Virginia. RSI is also active internationally, offering its online casino and sportsbook in the regulated gaming market of Colombia on RushBet.co. RSI offers, through its proprietary online gaming platform, some of the most popular online casino games and sports betting options in the United States. Founded in 2012 in Chicago by gaming industry veterans, RSI was named the 2020 Global Gaming Awards Digital Operator of the Year and the 2021 EGR North America Awards Casino Operator of the Year, Customer Services Operator of the Year and Social Gaming Operator of the Year. RSI is committed to industry-leading responsible gaming practices and seeks to provide its customers with the resources and services they need to play responsibly. For more information, visit www.rushstreetinteractive.com.
Forward-Looking Statements
This press release includes "forward-looking statements" within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. RSI's actual results may differ from their expectations, estimates and projections and consequently, you should not rely on these forward-looking statements as predictions of future events. Words such as "expect," "estimate," "project," "budget," "forecast," "anticipate," "intend," "plan," "may," "will," "could," "should," "believes," "predicts," "potential," "continue," and similar expressions are intended to identify such forward-looking statements. These forward-looking statements include, without limitation, RSI's expectations about its launch and operations of its social gaming products in Ontario and the timing of its launch of its real-money online products and services in Ontario. These forward-looking statements involve significant risks and uncertainties that could cause the actual results to differ materially from the expected results. Most of these factors are outside RSI's control and are difficult to predict. Factors that may cause such differences include, without limitation, changes in applicable laws or regulations, unanticipated product or service delays, and other risks and uncertainties indicated from time to time in RSI's most recent Annual Report on Form 10-K, including those under "Risk Factors" therein, and in RSI's other filings with the SEC. RSI cautions that the foregoing list of factors is not exclusive. RSI cautions readers not to place undue reliance upon any forward-looking statements, which speak only as of the date made. RSI does not undertake or accept any obligation or undertaking to release publicly any updates or revisions to any forward-looking statements to reflect any change in its expectations or any change in events, conditions or circumstances on which any such statement is based.
