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.
The Chicago Bears have entered a multi-year exclusive partnership with Rush Street Interactive, Inc. (RSI) and Rivers Casino, marking the Bears' first such deal in the Sportsbook and Casino sectors. BetRivers will become the Bears' Official Sportsbook Partner, while Rivers Casino will be the Official Casino Partner. The partnership includes significant in-stadium presence, digital assets, and exclusive promotions for BetRivers players. This agreement is seen as a milestone for both the Bears and RSI, aiming to enhance fan engagement and customer experience.
Rush Street Interactive (NYSE: RSI) has entered a multi-year exclusive partnership with the Chicago Bears, marking the team's first such agreement in the Sportsbook and Casino categories. BetRivers.com will be the Bears’ Official Sportsbook Partner, while Rivers Casino will serve as the Official Casino Partner. The deal includes in-stadium signage and promotional opportunities integrated into the Bears’ Official App. This collaboration aims to enhance fan engagement through exclusive prizes and experiences, reinforcing RSI's commitment to local partnerships.
Rush Street Interactive (NYSE: RSI) received three prestigious awards at the EGR North America Awards 2021: Casino Operator of the Year, Customer Services Operator of the Year, and Social Gaming Operator of the Year. The company was recognized for its impressive growth, player retention strategies, and innovative gaming platform. Highlights include dramatic revenue increases and superior customer service, reinforced by positive player testimonials. Additionally, RSI was noted as the second largest casino operator by gross gaming revenue in 2020 and was the fastest growing publicly listed betting company globally.
Rush Street Interactive, Inc. (NYSE: RSI) reported a 218% revenue increase in Q1 2021, totaling $111.8 million, compared to $35.2 million in Q1 2020. The net loss decreased to $76 thousand from $12.9 million year-over-year. Adjusted EBITDA was $(15.1) million, down from $1.1 million in the prior year. Active users grew by 166% year-over-year. RSI now expects revenues for 2021 to be between $440 million and $480 million, up from previous guidance, highlighting strong growth and a robust cash position.
Rush Street Interactive (NYSE: RSI) will announce its Q1 2021 results on May 13, 2021, post-market close, followed by a conference call at 5:00 PM ET. Interested parties can access the earnings release on RSI's investor relations website. RSI operates in ten U.S. states and Colombia, offering popular online casino games and sports betting options. The company emphasizes responsible gaming practices and has received accolades including the 2020 Global Gaming Awards Digital Operator of the Year.
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.
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