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Rush Street Interactive’s BetRivers Online Gaming Platform Receives License to Operate in Ontario
Rhea-AI Impact
(Neutral)
Rhea-AI Sentiment
(Neutral)
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Rhea-AI Summary
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.
Positive
Received iGaming Operator Registration from the Alcohol and Gaming Commission of Ontario, allowing for the launch of BetRivers casino and sportsbook.
The launch will occur on April 4, 2022, coinciding with the first day of authorized online gaming in Ontario.
Strong traction observed with the free-to-play platform in Ontario, indicating potential customer interest for real-money offerings.
RSI expands operations to Ontario, marking its third country of real-money online gaming access.
Negative
None.
BetRivers Real-Money Casino and Sportsbook Expected to Go Live in the Province on April 4
BetRivers Free-to-Play Casino and Sportsbook is Currently Available from BetRivers.ca
CHICAGO--(BUSINESS WIRE)--
Rush Street Interactive, Inc. (NYSE: RSI) (“RSI” or the “Company”), a leading online casino and sports betting company in the United States, today announced that it has received its iGaming Operator Registration from the Alcohol and Gaming Commission of Ontario (AGCO). RSI plans to satisfy all remaining regulatory requirements and launch its award-winning BetRivers online casino and sportsbook in Ontario on April 4, 2022, the first day online gaming will be authorized in the province.
“The receipt of our registration in Ontario is an important milestone that demonstrates our commitment to operating only in legalized markets where we pay local taxes, and we are grateful for the trust of the AGCO,” said Richard Schwartz, Chief Executive Officer of RSI. “We are now one step closer to launching the BetRivers real-money online casino and sportsbook in Ontario and bringing our unique betting options, such as our innovative peer-to-peer slot tournaments or same game parlays, fast payouts, and award-winning customer service to the province’s millions of residents. Our free-to-play social gaming platform has experienced strong traction in Ontario to date, and we look forward to offering those players similarly entertaining and responsible experiences when our real-money offerings come April 4.”
RSI is currently live in Ontario with its free-to-play social gaming platform, CASINO4FUN®, which is accessible from BetRivers.ca and is powered by the same proprietary technology behind RSI’s real-money platform. Upon the launch of the BetRivers real-money online casino and sportsbook in Ontario, Canada will join the United States and Colombia to become the third country where RSI operates real-money online gaming. The Company also has access to the Mexican online casino and sports betting markets through its partnership with media conglomerate Grupo Multimedios, where it expects to launch online casino and sports betting in the second quarter of 2022.
About RSI
RSI is a trusted online gaming and sports entertainment company focused on regulated markets in the United States and Latin America. Through its brands, BetRivers.com and PlaySugarHouse.com, RSI was an early entrant in many regulated jurisdictions and is currently live with real-money mobile and online operations in thirteen U.S. states: Pennsylvania, Illinois, New Jersey, New York, Connecticut, Michigan, Indiana, Virginia, Colorado, Iowa, West Virginia, Arizona and Louisiana. RSI is also active internationally, having been recognized as Sportsbook Operator of the Year at the SBC Latinoamérica Awards 2021, where it offers its online casino and sportsbook in the regulated gaming market of Colombia on RushBet.co. RSI offers, through its proprietary online gaming platform, some of the most popular online casino games and sports betting options in the United States. Founded in 2012 in Chicago by gaming industry veterans, RSI was named the 2020 Global Gaming Awards Digital Operator of the Year and the 2021 EGR North America Awards Casino Operator of the Year, Customer Services Operator of the Year and Social Gaming Operator of the Year. RSI is committed to industry-leading responsible gaming practices and seeks to provide its customers with the resources and services they need to play responsibly. For more information, visit www.rushstreetinteractive.com.
Forward-Looking Statements
This press release includes "forward-looking statements" within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. RSI's actual results may differ from their expectations, estimates and projections and consequently, you should not rely on these forward-looking statements as predictions of future events. Words such as "expect," "estimate," "project," "budget," "forecast," "anticipate," "intend," "plan," "may," "will," "could," "should," "believes," "predicts," "potential," "continue," and similar expressions are intended to identify such forward-looking statements. These forward-looking statements include, without limitation, RSI's expectations about the anticipated timing of launch of its operations in the province of Ontario, Canada and in Mexico and its anticipated results of its operations and future performance in the province of Ontario, Canada. These forward-looking statements involve significant risks and uncertainties that could cause the actual results to differ materially from the expected results. Most of these factors are outside RSI's control and are difficult to predict. Factors that may cause such differences include, without limitation, changes in applicable laws or regulations, unanticipated product or service delays, and other risks and uncertainties indicated from time to time in RSI's most recent Annual Report on Form 10-K, including those under "Risk Factors" therein, and in RSI's other filings with the SEC. RSI cautions that the foregoing list of factors is not exclusive. RSI cautions readers not to place undue reliance upon any forward-looking statements, which speak only as of the date made. RSI does not undertake or accept any obligation or undertaking to release publicly any updates or revisions to any forward-looking statements to reflect any change in its expectations or any change in events, conditions or circumstances on which any such statement is based.
