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) announced a partnership with Mark Schlereth, a three-time Super Bowl champion and NFL analyst, to enhance its sports betting brand, BetRivers.com. Schlereth, known for his NFL insights, will create content for fans, focusing on the Broncos and NFL, available on BetRivers and PlaySugarHouse platforms. This collaboration aims to attract bettors with expert analysis, supporting their wagering decisions. RSI is committed to responsible gaming and operates in ten U.S. states and Colombia, providing a range of online gaming services.
Rush Street Interactive (RSI) has announced its plans to launch BetRivers in Arizona this fall, following a partnership with the Arizona Rattlers for online sports betting operations. RSI has gained a temporary event wagering designee license, allowing it to operate in the state and serve as a major sponsor for the Rattlers. This partnership follows similar market access agreements in states like Connecticut and Louisiana. RSI is recognized as a leading online sports betting company in the U.S., notably in populous states like Illinois and New York.
Rush Street Interactive (NYSE: RSI) has announced an exclusive partnership with the Field of 68 and Field of 12 media networks as college football season begins. This collaboration will produce five weekly podcasts featuring former college football stars, enhancing engagement for BetRivers.com users. Notable shows include "THE FIELD OF 12 AFTER DARK" and "The B1G Show." This initiative aims to provide a unique betting experience for fans throughout the season.
Rush Street Interactive (NYSE: RSI), a leader in online casino and sports betting, announced that Richard Schwartz, Co-Founder and CEO, will speak at Craig-Hallum’s Online Gaming Conference on August 24, 2021, at 3:30 p.m. ET. The discussion, focusing on "Emerging Opportunities in Latin America," highlights RSI's commitment to expanding its market presence. The event will be accessible via a live audio-webcast on RSI's website, with a replay available for 90 days. RSI operates in ten U.S. states and Colombia, offering a wide range of gaming options.
Rush Street Interactive (NYSE: RSI), a Chicago-based gaming company, has partnered with Evolution to debut Red Tiger games in Michigan on BetRivers.com. The initial lineup includes top games like Bounty Raid, 777 Strike, and Reel Keeper, with additional titles such as Cash Vault and Piggy Riches Megaways™ expected soon. This collaboration marks RSI's expansion in the U.S. online gaming market, following the successful launch of Red Tiger games in Pennsylvania.
Rush Street Interactive (NYSE:RSI) reported a revenue of $122.8 million for Q2 2021, marking an 89% increase from $65.0 million in Q2 2020. The net loss shrank to $14.0 million, down from $50.6 million a year earlier. Adjusted EBITDA loss was $6.6 million, compared to a gain of $3.7 million in the same quarter last year. The company has projected its full-year revenue to be between $465 million and $495 million, reflecting a growth of 72% year-over-year. RSI also announced significant new market access partnerships and an improvement in its mobile sportsbook app rankings.
Rush Street Interactive (NYSE:RSI) has announced the promotion of Richard Schwartz, Co-Founder and President, to Chief Executive Officer, effective immediately. Greg Carlin transitions to Vice Chairman. Schwartz, who has been instrumental in RSI’s growth since its inception in 2012, will also join the Board of Directors. Neil Bluhm, Executive Chairman, praised Schwartz's vision as essential to RSI's leadership in the online casino market. Schwartz expressed his commitment to operational excellence and expanding RSI’s market presence, particularly with new product offerings and strategic initiatives.
Rush Street Interactive (NYSE: RSI) has been chosen by the Connecticut Lottery Corporation (CLC) as its sports betting operations partner for a 10-year agreement, pending regulatory approvals. RSI will provide a comprehensive sports betting system across mobile, online, and retail platforms. The partnership allows CLC to operate an online sports betting skin and up to 15 retail locations statewide, serving a quarter of Connecticut's population. This selection emphasizes RSI's industry leadership and successful track record in regulated markets, including New York and New Jersey.
Rush Street Interactive (NYSE: RSI) has announced a minority investment in Boom Entertainment, a top game developer. This partnership includes a commercial agreement where Boom will integrate its gaming technology into RSI's platform and develop exclusive games. Additionally, RSI gains market access to operate online gaming in Louisiana, Mississippi, and New Mexico, pending regulatory approvals. RSI aims to enhance its offerings, particularly with a mobile betting launch in Louisiana during the football season. The collaboration is expected to bolster RSI's user experience and game diversity.
Rush Street Interactive (NYSE: RSI) has signed NFL Hall of Famer Mike Ditka as a multi-year brand ambassador for BetRivers.com, the Chicago Bears' exclusive sportsbook partner. Ditka, a key figure in NFL history, will engage in promotions, provide insights on BetRivers' platforms, and participate in unique content like "Da Coach's Picks of the Week" and "Beat Da Coach" web videos. This partnership aims to enhance player trust and engagement, leveraging Ditka's extensive knowledge and popularity in Chicago.
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