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) will announce its Q1 2023 earnings on May 3, 2023, after market close, followed by a conference call at 5:00 PM ET to discuss results. Interested parties can access the earnings release and related information at RSI's investor relations page. A replay of the conference will be available on the site until at least June 3, 2023.
RSI is a leading online gaming and sports entertainment company operational in the U.S., Canada, and Latin America, recognized for its brands like BetRivers and PlaySugarHouse, and was awarded Operator of the Year in the 2022 EGR North America Awards.
ODDSworks has partnered with Rush Street Interactive (RSI) to launch its BETguard™ Remote Gaming Server platform in New Jersey, marking the fourth iGaming market for their collaboration. This deployment allows both companies to expand their operations within the robust New Jersey market, known for its strong iGaming presence. The BETguard™ platform processes over $2 billion annually in wagers and is compliant with GLI-19 regulations. Steven DeMar, EVP of ODDSworks, emphasized the strategic growth potential of this partnership, while RSI CEO Richard Schwartz highlighted the quality of gaming content available to players on the BetRivers app. This partnership aims to enhance user experience and engage a larger audience in legal online gaming.
Rush Street Interactive (NYSE: RSI) has launched the BetRivers Michigan Million Online Slot Tournament, offering players in Michigan a chance to win a share of $1 million in bonus money. From April 1 to 30, 2023, players can enter by making a deposit of $50 or more. The tournament consists of three rounds, culminating in a live final on May 15, 2023, where participants compete for a $100,000 grand prize. The promotion and tournament aim to enhance the online gaming experience for Michiganders, with ten finalists competing in the ultimate showdown.
Rush Street Interactive (NYSE: RSI) has announced a partnership with sports commentator Julie Stewart-Binks to enhance its BetRivers brand. Stewart-Binks will develop exclusive sports and lifestyle content, including a new podcast and guest appearances on various shows. This partnership aims to strengthen the brand's presence in North America and engage betting enthusiasts. RSI operates BetRivers and other brands in the U.S., Canada, and Latin America, offering a diverse range of gaming options. The company has received multiple awards, including the EGR North America Awards Operator of the Year in 2022.
Rush Street Interactive (NYSE: RSI) and the Connecticut Lottery Corporation (CLC) announced plans to wind down their sports betting partnership in Connecticut. The CLC will seek a new operator, with a transition expected in the second half of 2023, while RSI continues current operations until a replacement is selected. Both parties emphasized a commitment to player experience, ensuring that all wagers are honored. The decision aims to align with RSI's long-term strategic goals, with minimal impact anticipated on 2023 financial guidance. RSI's leadership thanked the CLC for the collaboration over the past two years.
On March 10, 2023, Rush Street Interactive (NYSE: RSI) announced the launch of NCAA Basketball Squares to enhance engagement during March Madness. Bettors can earn bonus payouts up to
Rush Street Interactive (RSI) reported a 27% increase in Q4 revenue to $165.5 million and a 21% rise in full-year 2022 revenue to $592.2 million. The company anticipates revenue for 2023 between $630 million and $700 million, representing a 12% increase year-over-year. Despite a net loss of $31.1 million in Q4 2022, improved Adjusted EBITDA losses were noted. Monthly Active Users (MAUs) grew 22% year-over-year, with an average revenue per user (ARPMAU) of $327. RSI aims for positive Adjusted EBITDA in the latter half of 2023, focusing on customer loyalty and market investments.
Rush Street Interactive (NYSE: RSI) announces the launch of a new 'Basketball Squares' game for NBA bettors, following the success of its NFL counterpart. This innovative wagering feature allows players to win up to $10,000 in bonus money. Bettors can acquire standard squares at no charge with wagers of $20 and more, and can win $20 for a standard winning square. Enhanced engagement is anticipated due to the dynamic scoring nature of NBA games. RSI operates in multiple U.S. states and international markets, promoting a responsible gaming environment.
Rush Street Interactive (RSI) announced it will release its fourth quarter and year-end 2022 results after the market closes on March 1, 2023. Following the release, an earnings conference call will take place at 5:00 PM ET to discuss the results. The earnings press release and related materials will be accessible on RSI's investor relations website. RSI operates in the online gaming sector across various jurisdictions including the U.S., Canada, and Latin America, offering popular mobile casino games and sports betting. It was recognized with several awards in 2022 for excellence in the industry.
ODDSworks, a leader in Remote Gaming Server technology, has partnered with Rush Street Interactive (RSI) to deploy its BETguard™ Remote Gaming Server platform in Pennsylvania. This collaboration marks ODDSworks' entry into the Pennsylvania i-Gaming market and enhances RSI's BetRivers mobile and online offerings. The partnership reflects ongoing efforts to expand operations as ODDSworks plans to enter New Jersey next. The BETguard™ platform processes over $2 billion annually in wagering, showcasing ODDSworks' commitment to delivering quality gaming content.
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