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 signed Philadelphia sports radio host Mike Missanelli as a podcaster and brand ambassador for BetRivers. This exclusive deal will feature Missanelli's podcasts starting September 8, coinciding with the NFL season. He will also represent BetRivers on various platforms and at events in Philadelphia. CEO Richard Schwartz emphasized Missanelli's influence in Philadelphia sports, anticipating that his insights will enhance customer engagement and betting experiences.
Rush Street Interactive (RSI) has expanded its partnership with LaLiga, making RushBet the exclusive sportsbook partner across South America for the next three seasons. This deal grants RushBet rights to use LaLiga's branding and player imagery, as well as opportunities for customer engagement through meet-and-greets with ex-players and exclusive hospitality experiences. The arrangement aims to strengthen RushBet's brand presence in Latin America beyond Colombia and enhance customer experience with exciting offerings.
Hall of Fame Resort & Entertainment Company (NASDAQ: HOFV, HOFVW) has established a 10-year partnership with Betr, becoming its official mobile sports-betting partner. This partnership allows HOFV to gain an equity stake in Betr, facilitating revenue sharing and cross-marketing opportunities. Betr focuses on micro-betting, enhancing the betting experience by allowing real-time betting during sports events. HOFV also plans to leverage its previous partnership with Rush Street Interactive to enhance digital betting experiences in Ohio.
Rush Street Interactive (NYSE: RSI) reported second-quarter 2022 revenue of $143.7 million, up 17% year-over-year from $122.8 million. Despite revenue growth, the company reported a net loss of $28.3 million, compared to $14.0 million in the same quarter of 2021. Adjusted EBITDA also saw a decline, with a loss of $18.6 million. The company has tightened its full-year revenue guidance to between $600 million and $630 million. Monthly active users increased by 35% to 133,000, reflecting strong market expansion in Ontario and Mexico.
Rush Street Interactive (NYSE: RSI) has partnered with Bingo World to launch a new BetRivers Sportsbook in Maryland, opening on August 1, 2022, at 12:00 PM ET. The sportsbook features 12 self-service kiosks, 3 over-the-counter machines, and a 3,000 square foot lounge area with 32 theater-style seats and 21 hi-def video screens. Notably, former Ravens player Qadry Ismail will place the first bet. This partnership aims to provide Maryland residents with an exciting sports betting experience, leveraging Bingo World's local reputation and RSI's award-winning platform.
Rush Street Interactive, Inc. (NYSE: RSI) announced it will disclose its Q2 2022 earnings on August 4, 2022, after market close. A conference call will follow at 5:00 PM ET for discussion. The earnings release and materials will be accessible on their investor relations website. Interested listeners can join via phone or online, with a replay available after the call until at least September 4, 2022.
RSI operates in regulated markets across the U.S., Canada, and Latin America, offering online gaming and sports betting.
Rush Street Interactive (NYSE: RSI) celebrates its sponsorship of the Frisco Fighters, who advanced to the Indoor Football League (IFL) playoffs in their second season. The Fighters posted a 14-2 record this year, a remarkable achievement for a new franchise. RSI's sponsorship includes brand placement and engagement opportunities, reflecting the company's commitment to local markets. Additionally, RSI launched its online sportsbook and casino in Mexico and was recognized as the 2022 EGR North American Operator of the Year.
Rush Street Interactive (NYSE: RSI) has partnered with Neccton to implement its player protection software, mentor, across its online gaming platforms including BetRivers and PlaySugarHouse in North America. This makes RSI the first U.S.-based online casino and sports betting company to adopt such technology. The mentor software allows real-time analysis of player behavior, identifying patterns that may indicate risks, and provides timely interventions. This initiative underscores RSI's commitment to responsible gaming and aligns with its recent RG Check iGaming Accreditation.
Bragg Gaming Group (NASDAQ: BRAG) has launched its online gaming content with Rush Street Interactive (NYSE: RSI) in Ontario, marking a significant milestone in their partnership. This deployment includes five exclusive games, such as the popular Egyptian Magic, utilizing Bragg's Remote Games Server technology. The move is part of Bragg's strategy to enhance its presence in North America's expanding iGaming market, anticipated to become one of the largest in the region. Further game releases are planned as the partnership evolves.
Rush Street Interactive (NYSE: RSI) has launched its online casino and sportsbook, RushBet, in Mexico, allowing access to over 130 million potential players. This launch, effective June 30, 2022, is facilitated through a 25-year partnership with Mexican media giant Grupo Multimedios, leveraging its extensive media reach. RushBet features over 350 games, live sports betting on leagues like the English Premier League and NFL, and is supported by a robust mobile platform available on Android and iOS.
FAQ
What is the current stock price of Rush Street Interactive (RSI)?
What is the market cap of Rush Street Interactive (RSI)?
What is Rush Street Interactive, Inc. (RSI)?
When was Rush Street Interactive founded?
What markets does Rush Street Interactive operate in?
What recent partnerships has RSI announced?
How does RSI generate revenue?
What awards has Rush Street Interactive won?
Where can I find more information about Rush Street Interactive?
What is social gaming?
What is RSI's involvement in NASCAR?
What are RSI's main brands?
