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, Inc. (NYSE: RSI) has been recognized as the iGaming Operator of the Year for North America at the 2021 Gaming Intelligence Awards. This accolade reflects RSI's success within the online gaming sector, alongside its recent award for Sportsbook of the Year at the SBC Latinoamérica Awards. RSI continues to expand its operations, launching the PlaySugarHouse online sportsbook in Connecticut and BetRivers in Arizona. The company is also one of nine operators approved for mobile sports wagering in New York, marking a significant growth phase.
Rush Street Interactive reported third quarter 2021 revenue of $122.9 million, marking a 57% year-over-year increase compared to $78.2 million in Q3 2020. The net loss narrowed to $18.9 million from $26.5 million in the previous year. Adjusted EBITDA loss was $12.2 million. RSI raised its full-year revenue guidance to between $480 and $500 million, projecting a 76% increase from $278.5 million in 2020. The company highlighted expansion in markets such as Connecticut and New York, with awards and recognitions underscoring its growing presence in the industry.
Rush Street Interactive, Inc. (NYSE: RSI) has been awarded an online and mobile sports betting license by the New York State Gaming Commission. The company is one of nine operators selected to launch sports betting in New York, anticipated in Q1 2022. CEO Richard Schwartz highlighted New York's significance, stating it will be the largest online sports market in the U.S. RSI currently operates in 11 states and leads in the retail market in New York, Illinois, and Pennsylvania. The firm has also been recognized as a top online gaming company in the U.S. based on gross revenues.
Rush Street Interactive (NYSE: RSI) has expanded its online sportsbook, BetRivers, to Arizona, marking a significant milestone as it now operates in twelve states across the U.S. This launch comes at an opportune time with the NFL season underway. The BetRivers app, rated #3 among U.S. sportsbooks, offers extensive betting options and features including live streaming and advanced stats. RSI's recent partnership with the Arizona Rattlers enhances its market presence. The company remains committed to responsible gaming while aiming to provide top-tier customer service.
Rush Street Interactive (NYSE: RSI) has been awarded Sportsbook of the Year at the SBC Awards Latinoamérica 2021, showcasing its successful online sportsbook performance in Colombia. The award highlights RSI's commitment to quality user experience and its original RushBet platform. The recognition was given by a panel of Latin American gaming industry judges. COO Mattias Stetz emphasized the importance of Colombia for RSI's growth since its first legal launch in June 2018. The awards ceremony took place on October 28, 2021, in Miami.
Rush Street Interactive, Inc. (NYSE: RSI) will release its third quarter 2021 results on November 10, 2021, after market close. The earnings call will take place at 5:00 pm ET. Interested participants can access the earnings release and materials at ir.rushstreetinteractive.com. The call will feature a live Q&A session and an audio replay will be available until December 10, 2022.
Rush Street Interactive, Inc. (NYSE: RSI) has launched RushArena™, a pioneering multi-player tournament engine, enhancing its online casino and sportsbook offerings. The initial feature, RushRace™, allows players to compete in slots tournaments with flexible entry, diverse game selections, and real-time leaderboards. This innovation is designed to improve player engagement and retention, reflecting RSI's commitment to player experience. RSI operates in twelve U.S. states and Colombia, aiming to leverage this new engine for future contests that foster community among players.
Rush Street Interactive (NYSE: RSI) has launched its first retail sportsbook at Sports Haven in New Haven, Connecticut. This marks the beginning of in-person sports betting, with additional sportsbooks set to open soon at Bobby V's locations in Stamford and Windsor Locks. The initiative, in partnership with the Connecticut Lottery Corporation and Sportech, aims to provide bettors with accessible, state-run sportsbooks and an online betting platform through PlaySugarHouse. The rollout of 15 locations is expected to enhance the sports betting landscape in Connecticut.
Rush Street Interactive (NYSE: RSI), a premier online casino and sports betting company, announced CEO Richard Schwartz's participation in the Milken Institute's Global Conference panel titled “Streamer’s Global Dominance: Pulling the Future Forward.” This event is scheduled for 2:30 PM Eastern Time on Wednesday, October 20, 2021. A live webcast of the presentation will be accessible on the Company's website and will remain archived for 90 days. RSI operates in regulated markets across the U.S. and Latin America, offering platforms like BetRivers.com and PlaySugarHouse.com.
Rush Street Interactive (NYSE: RSI) officially launches its PlaySugarHouse online sportsbook in Connecticut after a successful soft launch. Starting October 19, 2021, the sportsbook will be available 24/7 on various devices for players aged 21 and older. Offering thousands of betting options, including live streaming and responsible gaming tools, PlaySugarHouse aims to enhance the betting experience as sports seasons commence. RSI's app was rated #3 in the U.S. market by Eilers & Krejcik, showcasing its competitive edge.
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