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) 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.
Rush Street Interactive (NYSE: RSI), a prominent online casino and sports betting company, announced that CEO Richard Schwartz and CFO Kyle Sauers will engage in a fireside chat at Jefferies' Consumer Conference on June 20, 2022, at 8:00 a.m. ET. Interested parties can access an audio webcast through the Investors section of the company's website, with a replay available for 30 days. Established in 2012, RSI offers online gaming in 13 U.S. states and has received multiple accolades, including EGR North America Awards for Operator of the Year.
Rush Street Interactive (NYSE: RSI) has announced the addition of its online sportsbook to the BetRivers platform in West Virginia, enhancing its existing online casino services. The integrated app allows users to bet on various sports and access casino games seamlessly. The BetRivers sportsbook features a wide range of betting markets and a user-friendly interface. RSI's platform has recently captured a low-teens market share in West Virginia's online casino sector since its launch in April 2021. The company emphasizes a trusted betting experience with innovative features and customer service.
Rush Street Interactive (NYSE: RSI), a premier online casino and sports betting company, announced participation in a fireside chat at Goldman Sachs’ Travel and Leisure Conference. CEO Richard Schwartz and CFO Kyle Sauers will present on June 6, 2022, at 8:40 a.m. Eastern Time. An audio webcast will be accessible via the company’s website, with a replay available for 30 days. RSI operates in 13 U.S. states and international markets, providing popular online gaming options. The company has received multiple accolades, including the 2022 EGR North America Awards for Operator of the Year.
Rush Street Interactive (RSI) has been nominated for multiple awards at the SBC Awards North America 2022, including 'Casino Operator of the Year,' 'Employer of the Year,' and 'Socially Responsible Operator of the Year.' This recognition highlights RSI's excellence and innovation in the online gaming industry over the past year. CEO Richard Schwartz expressed pride in the nominations, particularly for the company's commitment to responsible gambling. The winners will be announced on July 14, 2022, at Pier Sixty, Manhattan, during the SBC Summit North America event.
Rush Street Interactive, Inc. (NYSE: RSI) reported a 21% year-over-year revenue increase in Q1 2022, totaling $135 million, compared to $111.8 million in Q1 2021. However, the company faced a net loss of $52.3 million and an Adjusted EBITDA loss of $43.4 million. Monthly Active Users increased by 32%, reaching over 150,000 with an average revenue per MAU of $265. RSI has raised its full-year revenue guidance to $600-$650 million, anticipating 28% growth compared to 2021. The firm continues to focus on expanding into new markets while prioritizing profitability.
Rush Street Interactive (NYSE: RSI) has triumphed at the EGR North America Awards 2022, winning three prestigious accolades: Operator of the Year, Customer Service Operator of the Year, and Social Gaming Operator of the Year. The awards recognize RSI's significant growth, player retention, innovative offerings, and exceptional customer service. The company has been awarded Customer Service Operator of the Year consistently since the award's inception. Currently, RSI operates in 13 U.S. states and recently launched in Canada, continuing to expand its presence in regulated markets.
Rush Street Interactive, Inc. (NYSE: RSI) announced it will release its first quarter 2022 financial results after market close on May 4, 2022, followed by a conference call at 5:00 PM ET. The earnings press release and related materials will be available on their investor relations website. Interested parties can join the call by dialing 1-844-450-0390 (international: 1-236-714-3032) and using the access code 1857599.
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?
