Rush Street Interactive

Rush Street Interactive, Inc. engages in developing, supplying, and operating regulated online gaming sites. It operates real-money online casino and sports wagering in New Jersey and Pennsylvania and also operates online sports wagering in Indiana, Colorado and Illinois. The company was founded by Neil Gary Bluhm, Gregory A. Carlin, and Richard Schwartz in 2012 and is headquartered in Chicago, IL.

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Rush Street Interactive reports record revenues and positive outlook for 2023

Rush Street Interactive (RSI) delivered strong revenue growth and profitability in 2022, with a positive outlook for 2023, focusing on innovation, user experience, and cost management.
While facing challenges such as EBITDA losses and increased G&A costs, RSI's strengths lie in its market share retention, efficient marketing spend, and technological advancements.
The company is well-positioned to capitalize on opportunities in existing and new markets, with a strategic approach to marketing costs and a commitment to driving growth and profitability.

Rush Street Interactive reports strong Q1 growth and eyes expansion

RSI's Q1 2023 showed strong revenue growth, improved margins, and reduced marketing expenses, aiming for positive EBITDA in the second half.
Maintaining a focus on sustainable profitability, RSI is evaluating expansion opportunities in South America and other potential markets.
Challenges include market competition and the impact of exiting Connecticut, with opportunities in Ontario, Michigan, and Latin America.
Strategic initiatives address brand recognition challenges and aim to drive player engagement through innovative online casino experiences.

Rush Street Interactive (RSI) beats Q2 expectations, eyes iGaming expansion

RSI delivered strong Q2 results, surpassing revenue expectations and highlighting profitability. The company's strategic focus on high-value players, technology innovation, and operational discipline drove growth. Raised guidance for the year and aims for adjusted EBITDA profitability in the second half of 2023.

Rush Street Interactive (RSI) excels in Q3, eyes Latin America expansion

Rush Street Interactive (RSI) delivered strong Q3 results with revenue growth, improved EBITDA, and market share gains. While facing industry shifts away from aggressive bonusing, RSI's customer-centric focus and product quality position it well for future growth in new markets and player acquisition.

Rush Street Interactive (RSI) excels in Q4, eyes LATAM expansion

Rush Street Interactive (RSI) delivered strong financial results, exceeding revenue guidance and showcasing growth in key markets like LATAM.
The company's strategic focus on expansion in emerging markets and operational efficiencies bode well for future growth and profitability.
While facing challenges in new markets like Delaware and Brazil, RSI's strengths in financial management and market differentiation position them for success.
RSI's proactive approach to evaluating opportunities and optimizing performance underscores their commitment to sustainable growth and stakeholder value.

Rush Street Interactive excels in Q1, faces valuation concerns

Rush Street Interactive's Q1 2024 earnings call highlighted impressive revenue growth, strong market performance, and strategic leadership decisions.
While facing valuation concerns and strategic queries, RSI remains focused on market expansion, user experience enhancement, and sustained profitability.
With a positive outlook for the year ahead, RSI aims to capitalize on growth opportunities, navigate challenges, and drive continued success in the iGaming industry.

Rush Street Interactive (RSI) excels in Q2, eyes LATAM expansion

Rush Street Interactive (RSI) delivered strong financial performance in Q2 2024, driven by revenue growth and profitability improvements. The company's strategic focus on diversification, market expansion, and customer acquisition yielded positive results, despite facing legislative and regulatory challenges. RSI's proactive approach to exploring new markets and optimizing marketing strategies positions it well for future growth and success.

Rush Street Interactive (RSI) reports record Q3 earnings and growth

RSI's Q3 2024 performance reflects robust growth, revenue diversification, and strong user engagement, underpinned by effective marketing strategies and product innovation.
While facing regulatory risks and market challenges, the company's strategic strengths in customer acquisition, loyalty programs, and financial management position it for continued success.
With raised guidance, expansion opportunities, and a focus on shareholder value, RSI demonstrates resilience and potential for sustained growth in the competitive gaming industry.

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Despite a strong New York gambling app launch, sports betting stocks are down big so far today. What's bringing the betting companies down?

Sports Betting Stocks Alert: A Big Catalyst Is Underway for RSI, PDYPY, CZR, DKNG Stocks

CHICAGO, Jan. 8, 2022 /PRNewswire/ -- Rush Street Interactive, Inc. (NYSE: RSI) ("RSI"), a leading online sports betting and casino company in the United States, today announced that its award-winning BetRivers sportsbook is live for online and mobile wagering in New York. Eligible sports fans across the state can sign-up and begin wagering using the BetRivers iOS (Apple) app that is currently available to download from the Apple App Store or by visiting BetRivers.com for those fans using Android (Google) and PC devices.

BETRIVERS SPORTSBOOK MOBILE APPS NOW LIVE IN NEW YORK

CHICAGO--(BUSINESS WIRE)--Rush Street Interactive, Inc. (NYSE: RSI) (“RSI”), a leading online sports betting and casino company in the United States, today announced that it has been approved by the New York State Gaming Commission to commence mobile sports wagering operations in New York beginning this Saturday, January 8, 2022, at 9:00am ET. Upon launch, players across the state aged 21 and over can deposit funds and place bets at the award-winning BetRivers sportsbook on all mobile devices,

BetRivers to Launch Online and Mobile Sportsbook in New York State This Saturday Morning, January 8th

The Gaming Commission said four licensed Mobile Sports Wagering Operators — Caesars Sportsbook, DraftKings, FanDuel, and Rush Street Interactive have been approved.

Game on! Mobile sports betting can start in New York on Saturday

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Another state legalized sports betting and it could be one of the largest markets nationwide. Here's a look at what legalization for Ohio looks like and what companies could benefit from the recently passed legislation.

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Rush Street Interactive Inc (NYSE: RSI) has entered into a sports betting operations partnership with Hall of Fame Resort & Entertainment Co (NASDAQ: HOFV). The financial terms were not disclosed.

Rush Street Interactive To Operate Retail Sportsbook At The Hall Of Fame Village In Ohio

CANTON, Ohio--(BUSINESS WIRE)--Hall of Fame Resort & Entertainment Company (“HOFV” or the “Company”) (NASDAQ: HOFV, HOFVW), the only resort, entertainment and media company centered around the power of professional football, today announced it has signed a 10-year agreement with Rush Street Interactive, Inc. (“RSI”) (NYSE: RSI) to allow for the operation of a premier sports betting location at the Hall of Fame Village powered by Johnson Controls, subject to procurement of necessary licenses

Hall of Fame Resort & Entertainment Company Announces Agreement with Rush Street Interactive to Bring Sports Betting to Hall of Fame Village

CHICAGO--(BUSINESS WIRE)--Rush Street Interactive, Inc. (NYSE: RSI) (“RSI”), a leading online sports betting and casino company in the United States, today announced that it has entered into a sports betting operations partnership with Hall of Fame Resort & Entertainment Company (NASDAQ: HOFV, HOFVW) (“HOFV”), the only resort, entertainment and media company centered around professional football. Through this 10-year agreement, and subject to procurement of necessary licenses, RSI will oper

Rush Street Interactive to Bring Sports Betting to the Hall of Fame Village in Canton, Ohio

Inspired Entertainment

NEW YORK, Dec. 22, 2021 /PRNewswire/ -- Inspired Entertainment, Inc. ("Inspired") (NASDAQ: INSE), a leading B2B provider of gaming content, systems and solutions, signed a framework agreement to supply its Interactive games to Rush Street Interactive ("RSI") (NYSE: RSI), a leader in online casino and sports betting in the U.S.  Following the execution of this contract, Inspired's Interactive content will be integrated onto the RSI game platform and its popular games will be made available in multiple North American jurisdictions, including New Jersey, Michigan and West Virginia.    Inspired's Interactive games have developed a following in North America and are now available in New Jersey and Michigan and are coming soon to West Virginia.

INSPIRED SIGNS CONTRACT WITH RUSH STREET INTERACTIVE TO ROLL OUT POPULAR TITLES TO ONLINE CASINO

CHICAGO, Dec. 15, 2021 /PRNewswire/ -- Today, Rush Street Interactive, Inc. (NYSE: RSI) ("RSI"), a Chicago based gaming and betting company, is proud to announce the signing of Brittney Payton, Chicago television personality and daughter of Chicago Bears Legend Walter Payton, to an exclusive brand and content deal with BetRivers.com and PlaySugarHouse.com . A Chicago native, Payton moved to Arizona in 2020.

CHICAGO NATIVE AND TELEVISION VETERAN BRITTNEY PAYTON SIGNS EXCLUSIVE CONTENT DEAL WITH BETRIVERS

CHICAGO, Dec. 6, 2021 /PRNewswire/ -- Richard Schwartz, the Chief Executive Officer of Rush Street Interactive, Inc. (NYSE: RSI) ("RSI"), which operates the BetRivers and PlaySugarHouse online casino and sportsbook brands, has been named 'Leader of the Year' at the SBC Awards North America 2021. The well-respected SBC Gaming media group created these awards to acknowledge and reward the expertise and innovation of North America's leading operators in this fast growing, high-tech industry that have exhibited excellence in the past year.

Rush Street Interactive CEO Richard Schwartz Named 'Leader Of The Year' At The SBC Awards North America 2021

COLOMBIA, Nov. 22, 2021 /PRNewswire/ -- RushBet, the sportsbook in Colombia operated by Rush Street Interactive, Inc. (NYSE: RSI) ("RSI"), has teamed up with LaLiga to become the prominent Spanish soccer league's exclusive wagering partner in Colombia. The deal enables RushBet to co-brand with the two top divisions of LaLiga — LaLiga Santander and LaLiga Smartbank.

LaLiga Announces Multi-year Exclusive Partnership With Rush Street Interactive For The RushBet Sportsbook Brand

CHICAGO, Nov. 18, 2021 /PRNewswire/ -- Rush Street Interactive, Inc. (NYSE: RSI) ("RSI") has been named iGaming Operator of the Year for North America at the Gaming Intelligence Awards 2021.  The Awards highlight the most successful operators and suppliers around the world and select eight winners in each continent – Africa, Asia Pacific, Europe, Latin America and North America.

Rush Street Interactive Awarded iGaming Operator Of The Year For North America At Gaming Intelligence Awards 2021

Rush Street Interactive, Inc. (RSI) CEO Richard Schwartz on Q3 2021 Results - Earnings Call Transcript

CHICAGO--(BUSINESS WIRE)--Rush Street Interactive, Inc. (NYSE: RSI) (“RSI”), a leading online casino and sports betting company in the United States, today announced financial results for the third quarter ended September 30, 2021. Third Quarter 2021 Financial Highlights Revenue was $122.9 million during the third quarter of 2021, an increase of 57%, compared to $78.2 million during the third quarter of 2020. Net loss was $18.9 million during the third quarter of 2021, compared to a net loss of

Rush Street Interactive Announces Third Quarter 2021 Results and Raises Full Year 2021 Guidance

CHICAGO--(BUSINESS WIRE)--Rush Street Interactive, Inc. (NYSE: RSI) (“RSI” or the “Company”), a leading online sports betting and casino company in the United States, today announced that it was selected by the New York State Gaming Commission (“NYSGC”) to operate online and mobile sports betting in New York. RSI was awarded one of nine licenses permitting gaming operators to offer online and mobile sports betting in New York upon its statewide launch, which is expected to occur during the firs

Rush Street Interactive Selected to Operate Online Sports Betting in New York State

CHICAGO--(BUSINESS WIRE)--Rush Street Interactive, Inc. (NYSE: RSI) ("RSI"), a leading online sports betting and casino company in the United States, today announced that its award-winning BetRivers online sportsbook is fully launched in Arizona. Sports fans aged 21 and over can now register, deposit funds, wager, and withdraw payouts quickly and securely from the BetRivers Sportsbook app for iOS and Android. The BetRivers online sportsbook offers thousands of betting options on various leagues

Rush Street Interactive Fully Launches BetRivers Online Sportsbook in Arizona

CHICAGO, Nov. 1, 2021 /PRNewswire/ -- Rush Street Interactive, Inc. (NYSE: RSI) ("RSI"), which operates the RushBet brand in Colombia and the BetRivers and PlaySugarHouse brands in the United States, has been named Sportsbook of the Year at the SBC Awards Latinoamérica 2021. RSI was recognized for the successful performance of its online sportsbook in Colombia over the past year and for the strong user experience and originality of the RushBet platform.

Rush Street Interactive Crowned Sportsbook of the Year at the SBC Awards Latinoamérica 2021

CHICAGO--(BUSINESS WIRE)--Rush Street Interactive, Inc. (NYSE: RSI) (“RSI”) today announced that it will release its third quarter 2021 results after the market close on Wednesday, November 10, 2021, followed by a conference call at 5:00 pm Eastern Time (4:00 pm Central Time) to discuss the results. RSI's earnings press release and related materials will be available at ir.rushstreetinteractive.com. To listen to the audio webcast and live Q&A, please visit RSI's investor relations website a

Rush Street Interactive Announces Third Quarter 2021 Earnings Release Date

CHICAGO, Oct. 28, 2021 /PRNewswire/ -- Rush Street Interactive, Inc. (NYSE: RSI) ("RSI"), which operates the BetRivers, PlaySugarHouse, and RushBet online casino and sportsbook brands, has developed "RushArena™," an innovative multi-player tournament engine to allow players to compete head-to-head on their own time. Building off of RSI's success with its popular bingo games, RushArena was created to offer unique and pioneering peer-to-peer promotional games that extend players' experiences and offer even more opportunities to win.

Rush Street Interactive Launches "RushArena" A Proprietary Multi-Player Tournament Engine Further Advancing The Innovation Of Its Online Casino Platform

Rush Street Interactive Inc (NYSE: RSI), The Connecticut Lottery Corporation, and Sportech have launched in-person sports betting at the first of 15 PlaySugarHouse retail sportsbooks in Connecticut.  With the launch, players can place bets at Sports Haven in New Haven, Connecticut.

Rush Street Interactive Launches PlaySugarHouse Retail Sportsbook At Sports Haven, Connecticut

ROCKY HILL, Conn. & CHICAGO--(BUSINESS WIRE)--The Connecticut Lottery Corporation, Rush Street Interactive (NYSE: RSI) (“RSI”) and Sportech today announced the launch of in-person sports betting at the first of 15 PlaySugarHouse retail sportsbooks in Connecticut. Beginning today, players will be able to place bets at Sports Haven in New Haven, CT. In the coming days, the retail sportsbooks at Bobby V's Restaurant & Sports Bar locations in Stamford, CT, and Windsor Locks, CT, will open and b

The Connecticut Lottery Corporation and Rush Street Interactive Launch The PlaySugarHouse Retail Sportsbook

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 CEO Richard Schwartz will participate in the Milken Institute's Global Conference panel on “Streamer's Global Dominance: Pulling the Future Forward” at 2:30pm Eastern Time on Wednesday, October 20, 2021. Access to a live webcast of the presentation in listen-only mode will be available through the “Investors”

RSI CEO Richard Schwartz to Participate in the Milken Institute's Global Conference

Rush Street Interactive Inc (NYSE: RSI) announced the statewide launch of the PlaySugarHouse online sportsbook in Connecticut on October 19, 2021. The official sportsbook of the Connecticut Lottery will be available 24 hours a day, seven days a week on all mobile devices, tablets, desktop, and laptop computers for unlimited players aged 21 and older.

Rush Street To Launch PlaySugarHouse Online Sportsbook In Connecticut

CHICAGO--(BUSINESS WIRE)--Rush Street Interactive, Inc. (NYSE: RSI) (“RSI”), a leading online sports betting and casino company in the United States, today announced the statewide launch of the PlaySugarHouse online sportsbook in Connecticut. Following a successful soft launch period, the official sportsbook of the Connecticut Lottery will be available 24 hours a day, seven days a week on all mobile devices, tablets, desktop and laptop computers for unlimited players aged 21 and older beginning

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