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BINGO WORLD PARTNERS WITH RUSH STREET INTERACTIVE TO OPEN BETRIVERS RETAIL SPORTSBOOK IN MARYLAND

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Rush Street Interactive (NYSE: RSI) has partnered with Bingo World to launch a new BetRivers Sportsbook in Maryland, opening on August 1, 2022, at 12:00 PM ET. The sportsbook features 12 self-service kiosks, 3 over-the-counter machines, and a 3,000 square foot lounge area with 32 theater-style seats and 21 hi-def video screens. Notably, former Ravens player Qadry Ismail will place the first bet. This partnership aims to provide Maryland residents with an exciting sports betting experience, leveraging Bingo World's local reputation and RSI's award-winning platform.

Positive
  • Launch of BetRivers Sportsbook at Bingo World expands RSI's presence in Maryland.
  • Partnership with local operator enhances market credibility and customer engagement.
  • State-of-the-art facilities with multiple betting options could attract more customers.
Negative
  • None.

Super Bowl Champion and Former Baltimore Ravens Qadry "the Missile" Ismail to Place First Bet

BALTIMORE, Aug. 1, 2022 /PRNewswire/ -- Bingo World and Rush Street Interactive, Inc. (NYSE: RSI) ("RSI"), a leading online casino and sports betting company, today announced the launch of in-person sports betting at the BetRivers Sportsbook at Bingo World at 12:00 pm Eastern Time.  Eligible bettors, 21 and over, will be able to place a wide array of bets at the new retail sportsbook on a variety of U.S. and worldwide sporting events, including parlays, prop bets and in-game bets, through 12 self-service kiosks as well as three over-the-counter machines to place bets.

"We are so excited and honored to be the first operator outside of a casino to offer Maryland residents a retail sportsbook," said Randy Clemens, President of Bingo World.  "Together with our partners at RSI, we can offer bettors a world-class in-person sports betting experience at the BetRivers sportsbook and lounge."

To celebrate, today at noon, Clemens will join former Baltimore Ravens and Super Bowl champion Qadry "the Missile" Ismail, BetRivers Director of B2B Services Adam Glass, Maryland State Senator Pamela Beidle, Maryland House of Delegates Member Nicholaus Kipke, Anne Arundel County Executive Steuart Pittman and long time Bingo World customer and community icon Ms. Myra Harris to cut the ribbon to officially open the new sportsbook.

Ismail, who will then place the first bet, is a local sports hero who led the Baltimore Ravens to win Super Bowl XXXV.  He is still hailed for catching a 47-yard reception in the game, earning him his first Super Bowl ring.

"This new sportsbook is a huge win for avid sports fans in Baltimore and beyond," said Ismail.  "Betting has become such a big part of the sports world and now Ravens Fans and other bettors can come here to be entertained and enjoy the wide variety of betting options BetRivers will offer."

The new 3,000 square foot BetRivers sportsbook at Bingo World offers a full array of entertainment and wagering options, featuring a lounge area with 32 theater-style seats, a generous bar with seating and high tops, 21 hi-def video screens that surround the space airing multiple sporting events concurrently and streaming BetRivers odds boards.

"We are thrilled to partner with Bingo World to launch the BetRivers retail sportsbook in the state of Maryland," said Richard Schwartz, Chief Executive Officer of RSI. "With Bingo World's brand recognition in the Baltimore area, the easy-to-access venue, and RSI's award-winning products and services, we look forward to delivering convenient and exciting sports betting options to retail customers and are excited about building trust and loyalty as they become familiar with our award winning product."

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 the expected benefits of its partnership with Bingo World and its anticipated timing of launch of its retail sportsbook in the State of Maryland. 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.

About Bingo World

Bingo World has been Baltimore's go-to destination for bingo entertainment since April 23, 1987, with a reputation for being fun, festive, and friendly. From that point, we have grown into a larger-scale establishment, complete with 200 Vegas style gaming machines, a dedicated bingo section, and a snack bar. In 2022, Bingo World is again expanding their business to include a sports wagering lounge, complete with 12 sports wagering kiosks, 21 hi-def video screens, streaming BetRivers odds boards, 32 theater style lounge chairs and a generous bar. Bingo World has grown from a business of 40 employees when opening in 1987, to a business of over 120 employees today, with over 50% being women and minorities. Bingo World is conveniently located in Baltimore, Maryland within fifteen minutes of the Inner Harbor, Thurgood Marshall BWI airport, and Baltimore sports venues, as well as a 40-minute drive from Washington D.C. For more info visit: https://www.bingoworld.com/

About Rush Street Interactive

RSI is a trusted online gaming and sports entertainment company focused on markets in the United States, Canada and Latin America. Through its brands, BetRivers, PlaySugarHouse and RushBet, RSI was an early entrant in many regulated jurisdictions. It currently offers real-money mobile and online operations in thirteen U.S. states: Pennsylvania, Illinois, New Jersey, New York, Connecticut, Michigan, Indiana, Virginia, Colorado, Iowa, West Virginia, Arizona and Louisiana, as well as in the regulated international markets of Ontario, Canada, Colombia and Mexico. 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 2022 EGR North America Awards Operator of the Year, Customer Services Operator of the Year and Social Gaming Operator of the Year, and the 2021 SBC Latinoamérica Awards Sportsbook Operator of the Year. RSI was the first U.S.-based online casino and sports betting operator to receive RG Check iGaming Accreditation from the Responsible Gaming Council. For more information, visit www.rushstreetinteractive.com.

 

Cision View original content:https://www.prnewswire.com/news-releases/bingo-world-partners-with-rush-street-interactive-to-open-betrivers-retail-sportsbook-in-maryland-301596875.html

SOURCE Rush Street Interactive

FAQ

When did Rush Street Interactive open the BetRivers Sportsbook in Maryland?

The BetRivers Sportsbook opened on August 1, 2022.

What features does the BetRivers Sportsbook offer?

It offers 12 self-service kiosks, 3 over-the-counter machines, and a 3,000 square foot lounge with 21 hi-def video screens.

Who will place the first bet at the BetRivers Sportsbook?

Former Baltimore Ravens player Qadry Ismail will place the first bet.

What is the significance of the BetRivers Sportsbook opening?

It marks the first retail sportsbook outside of a casino in Maryland, enhancing the betting experience for local residents.

What is the stock symbol for Rush Street Interactive?

The stock symbol for Rush Street Interactive is RSI.

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