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.
Hall of Fame Resort & Entertainment Company (NASDAQ: HOFV, HOFVW) reported its fourth quarter fiscal 2021 results, showing a 71% increase in revenue to $3.0 million, primarily due to hotel and event revenue. However, the full year net loss increased to $93.1 million, impacted by a $48.1 million expense related to changes in fair value of warrant liability. The company finished the year with a cash balance of $17.4 million, down from $28.5 million at the end of the previous quarter. Key developments included new sponsorship deals and a partnership for sports betting operations.
Rush Street Interactive (NYSE: RSI) is set to launch its BetRivers real-money online casino and sportsbook in Ontario on April 4, 2022, following receipt of its iGaming Operator Registration from the Alcohol and Gaming Commission of Ontario. This milestone aligns with the company's strategy to operate within legalized markets, providing innovative betting options, including peer-to-peer tournaments.
RSI's free-to-play platform is already available in Ontario, marking its third operational country after the U.S. and Colombia, with plans for expansion into Mexico.
Rush Street Interactive (RSI) reported a 31% increase in Q4 2021 revenue to $131 million, with a full-year revenue of $488 million, up 75% from 2020. Despite a net loss of $38.1 million in Q4 and $71.1 million for the year, the company announced 2022 revenue guidance between $580 and $630 million, reflecting 24% growth. RSI's monthly active users rose 28% in Q4, while average revenue per user was $327. Operational expansions included launches in Connecticut, Arizona, New York, and Mexico, enhancing brand awareness in Canada.
Rush Street Interactive, Inc. (NYSE: RSI) plans to announce its fourth quarter and year-end 2021 results on March 2, 2022, after market close, followed by a 5:00 pm ET conference call. Earnings details will be available at ir.rushstreetinteractive.com. RSI is recognized as a major player in online gaming and sports entertainment within the U.S. and Latin America, operating in 13 states and being awarded the Sportsbook Operator of the Year in 2021. The audio replay will be accessible on the investor relations website until April 2, 2022.
Rush Street Interactive (NYSE: RSI) announced its partnership with the New Orleans Pelicans, designating BetRivers Sportsbook as the official partner. This collaboration sees BetRivers branding in the Smoothie King Center and the rebranding of the exclusive Chairman's Club to BetRivers Chairman Lounge. RSI aims to enhance the fan experience and solidify its commitment to Louisiana sports. The sportsbook is now live in Louisiana, offering a $250 first deposit match bonus for new customers. The partnership also includes local brand ambassadors, enhancing RSI's community presence.
Rush Street Interactive (RSI) has partnered with Grupo Multimedios to launch an online casino and sports betting platform in Mexico, expected in Q2 2022. This 25-year exclusive agreement allows RSI to utilize Multimedios' vast media assets to promote its services. With a combined population of over 180 million in Mexico and Colombia, this expansion strengthens RSI's position in Latin America's online gaming market. The partnership aims to leverage Multimedios' experience and media reach to establish a robust competitive presence in Mexico.
Rush Street Interactive, Inc. (NYSE: RSI) has announced the launch of its BetRivers Sportsbook in Louisiana on January 28, 2022. This launch enables sports fans aged 21 and over to pre-register and start betting. BetRivers offers extensive betting options, live sports streaming, and efficient cash-out processes. As part of the launch, new customers can enjoy a $250 deposit match and a $50 risk-free bet. This marks RSI's presence in twelve states for online sports betting, following its recent launch in New York.
Rush Street Interactive (NYSE: RSI) has signed former MLB manager and player Bobby Valentine as a brand ambassador. With extensive experience in professional and collegiate sports, Valentine will create exclusive content for BetRivers.com and PlaySugarHouse.com, including weekly MLB videos and podcasts. This partnership aims to enhance engagement with sports betting fans, particularly in Connecticut, where RSI launched sportsbooks in October 2021. CEO Richard Schwartz highlights Valentine's expertise as a significant asset to the company.
Rush Street Interactive (NYSE: RSI) announced the launch of its BetRivers sportsbook for online and mobile wagering in New York on January 8, 2022. The sportsbook offers a wide range of betting options, including multi-game same game parlays and live streaming. BetRivers app is rated among the top 3 mobile sportsbooks in the U.S., excelling in user experience. New Yorkers can enjoy promotions during high-profile sporting events, enhancing the betting experience. RSI operates in twelve states and is recognized for its responsible gaming practices.
Rush Street Interactive (NYSE: RSI) has received approval from the New York State Gaming Commission to begin mobile sports betting operations on January 8, 2022, at 9:00 am ET. This launch takes place in the largest online sports betting market in the U.S., just ahead of major sports events. The BetRivers sportsbook will offer extensive betting options, live streaming, and quick payout approvals. RSI, recognized for its award-winning service, emphasizes user experience and trust, establishing itself as a key player in New York's sports betting landscape.
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?
