Rush Street Interactive, Inc. - RSI STOCK NEWS

Rush Street Interactive, Inc. (NYSE: RSI) has been nominated for multiple categories at the EGR North America Awards 2021, including 'Operator of the Year,' 'Casino Operator of the Year,' 'Customer Services Operator of the Year,' and 'Social Gaming Operator of the Year.' This nod recognizes RSI's outstanding performance in the online gaming sector. The company was also noted as the second largest casino operator by GGR in 2020 and the fastest-growing publicly listed betting and gaming entity globally, as per Gaming Intelligence. Winners will be announced on May 26.

Rush Street Interactive (NYSE: RSI) has appointed Lauren Seiler as the new Associate Vice President of Investor Relations and Development. With over 17 years of Wall Street experience, including 12 years in gaming, Seiler will enhance RSI's investor relations while driving growth and M&A initiatives. CFO Kyle Sauers emphasized her valuable network and expertise in capital markets. Seiler expressed excitement about joining RSI amid growth prospects in the iGaming and sports betting sectors, where the company aims to expand its market share.

Rush Street Interactive (NYSE: RSI) has launched its online casino platform, BetRivers.com, in West Virginia through its partnership with Century Casinos. The site offers a variety of online slots and table games, including exclusive bingo games for prizes. RSI emphasizes player loyalty with a gamified rewards program. The company is a significant player in the online gaming market, operating in multiple states and recognized as the second-largest online casino operator in Q4 2020. RSI is committed to providing safe and enjoyable gaming experiences backed by strong player trust.

Rush Street Interactive (NYSE: RSI) will hold its 2021 Annual Meeting of Stockholders on June 10, 2021, at 9:00 a.m. CDT. The record date is April 20, 2021. The meeting will be virtual due to COVID-19 concerns. Stockholders must submit any business proposals or nominations by April 9, 2021, at 5:00 p.m. ET. Proxy materials will be sent around April 30, 2021, and will be accessible on the SEC website and RSI's website. RSI is a leader in online gaming and sports entertainment, operating in nine U.S. states and Colombia.

Rush Street Interactive (NYSE: RSI) announced significant growth in its financial results for Q4 and the full year 2020. Revenue surged 260% to $100 million in Q4, while annual revenue increased 337% to $278.5 million. Despite this growth, the net loss widened to $48.8 million for Q4 and $138.8 million for the year. MAUs climbed 165% year-over-year, with average revenue per MAU at $341. The company anticipates revenue of $420-$460 million for 2021, up from previous guidance. RSI expanded its market presence by launching in Michigan and Virginia and securing access in Ohio, Maryland, and Missouri.

The gaming industry is rapidly evolving with esports gaining traction, especially during global lockdowns. Companies like Luckbox, Golden Nugget Gaming (GNOG), Rush Street Interactive (RSI), and Melco Resorts (MLCO) are capitalizing on this trend. Luckbox saw a 500% increase in new customers on its esports betting platform in 2020. The company allocated CAD$2 million for user acquisition around major events like the IEM Katowice tournament. Meanwhile, Golden Nugget reported a 63% revenue increase in 2020, highlighting potential for growth in online gaming.

Rush Street Interactive (NYSE: RSI) will release its fourth quarter and year-end 2020 results on March 10, 2021, after market close, followed by a conference call at 5:00 PM ET. Investors can access the earnings press release and materials on their investor relations website. This leading online casino and sports betting operator, active in nine U.S. states, had notable achievements, including being named 2020 Digital Operator of the Year. Analysts await insights into financial performance during the call.

Rush Street Interactive (NYSE: RSI) has secured market access in Ohio, Maryland, and Missouri through a partnership with Penn National Gaming, Inc. This agreement allows RSI to operate its BetRivers.com platform in these states for up to 20 years, contingent on license availability and regulatory approvals. With this expansion, RSI aims to enhance marketing efficiencies and capitalize on its success in neighboring markets. Currently, RSI operates in eight states with a combined population exceeding 68 million and is positioned to reach over 35% of the U.S. population through potential market access opportunities.

Rush Street Interactive (NYSE: RSI) announced the redemption of all outstanding Public Warrants, effective until March 24, 2021, at an exercise price of $11.50 per share. Approximately 11.5 million shares of Class A common stock can be purchased, potentially raising $132.25 million if all warrants are exercised. Any unexercised warrants post-deadline will be void. This move follows the closing price requirement outlined in the Warrant Agreement, which mandates the stock must be priced at least $18.00 for designated trading days prior to redemption notice.