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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RSI is also Nominated as 'Casino Operator of the Year', 'Customer Services Operator of the Year' & 'Social Gaming Operator of the Year' in Prestigious Recognition by Online Gaming Industry CHICAGO , March 21, 2022 /PRNewswire/ -- Rush Street Interactive, Inc. (NYSE: RSI) ("RSI") today announced that it has been named to the shortlist of nominees in four operator categories for the EGR North America Awards 2022. RSI is included in four 'best of' categories including 'Operator of the Year,' one of the most prestigious recognitions in the online gaming industry.

RUSH STREET INTERACTIVE IS SHORTLISTED AS 'OPERATOR OF THE YEAR' ALONG WITH THREE OTHER 'BEST OF' CATEGORIES AT THE EGR NORTH AMERICA AWARDS FOR 2022

CHICAGO , March 16, 2022 /PRNewswire/ -- Today, Rush Street Interactive, Inc. (NYSE: RSI) ("RSI"), a Chicago based gaming and betting company, is proud to announce the signing of former Chicago Bull basketball star Joakim Noah to an exclusive brand and content deal with BetRivers.com and  PlaySugarHouse.com . Fan favorite Noah, who spent nine seasons with the Chicago Bulls, will be providing exclusive content for BetRivers, including weekly videos that will range in scope from basketball reactions to commentary on his life and charitable efforts.

LEGENDARY CHICAGO BULL JOAKIM NOAH JOINS BETRIVERS & PLAYSUGARHOUSE AS BRAND AMBASSADOR

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

Rush Street Interactive's BetRivers Online Gaming Platform Receives License to Operate in Ontario

The online gaming operator delivered a disappointing quarter and outlook for 2022.

Why Rush Street Interactive Stock Was Down Today

Analysts lowered the price target on Rush Street Interactive Inc (NYSE: RSI) following the company's Q4 results. Craig-Hallum analyst Ryan Sigdahl downgraded to Hold from Buy with a $10 price target, implying a 25% upside.

Read How Analysts Reacted To Rush Street Interactive's Q4 Results

Rush Street Interactive, Inc. (RSI) CEO Richard Schwartz on Q4 2021 Results - Earnings Call Transcript

Rush Street Interactive, Inc. (RSI) delivered earnings and revenue surprises of -21.43% and 8.10%, respectively, for the quarter ended December 2021. Do the numbers hold clues to what lies ahead for the stock?

Rush Street Interactive, Inc. (RSI) Reports Q4 Loss, Lags Revenue Estimates

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 fourth quarter and full year ended December 31, 2021. Fourth Quarter 2021 Financial Highlights Revenue was $130.6 million during the fourth quarter of 2021, an increase of 31%, compared to $100.0 million during the fourth quarter of 2020. Net loss was $38.1 million during the fourth quarter of 2021, compar

Rush Street Interactive Announces Fourth Quarter and Full Year 2021 Results

Rush Street Interactive, Inc. (RSI) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Earnings Preview: Rush Street Interactive, Inc. (RSI) Q4 Earnings Expected to Decline

CHICAGO--(BUSINESS WIRE)--Rush Street Interactive, Inc. (NYSE: RSI) (“RSI”) today announced that it will release its fourth quarter and year-end 2021 results after the market close on Wednesday, March 2, 2022, 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

Rush Street Interactive Announces Fourth Quarter and Year-end 2021 Earnings Release Date

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The highly anticipated launch of online sports betting kicked off in the state of New York in January. In only three weeks, New York is already breaking records for the sports betting industry.

New York Breaks State Online Sports Betting Record In 3 Weeks: The Early Winners And What's Next

Rush Street Interactive (NYSE: RSI) has entered into an exclusive partnership with Mexican media conglomerate Grupo Multimedios to bring its online gaming platform to Mexico. The financial terms of the 25-year agreement were not disclosed.

Rush Street Interactive Expands Into Mexico Via Partnership With Grupo Multimedios

CHICAGO & MONTERREY, Mexico--(BUSINESS WIRE)--Rush Street Interactive, Inc. (NYSE: RSI) (“RSI”), a leading online casino and sports betting company in the United States and Colombia, today announced that it has entered into an exclusive partnership with Mexican media conglomerate Grupo Multimedios to bring RSI's award-winning online gaming platform to Mexico. Under the terms of the 25-year agreement, RSI will operate online casino and sports betting countrywide in close partnership with Grupo M

Rush Street Interactive Expands Into Mexico Through Partnership With Media Conglomerate Grupo Multimedios

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 Sportsbook is launching in Louisiana this Friday, January 28, 2022. Sports fans aged 21 and over in permitted parishes can pre-register now from their computers or mobile devices at BetRivers.com and place bets tomorrow after 8:00am CT. Features of the BetRivers Sportsbook Louisiana include: Huge vo

Rush Street Interactive's Award-Winning BetRivers Online and Mobile Sportsbook Is Coming to Louisiana

RSI is the right size, has the scale and platform and the share price that make it highly attractive for a company like Fanatics looking to enter sports betting. The stock trading ~$10 can translate to a really good buy for a company not already in the business. Fanatics could be a perfect fit.

We Reiterate Strong Guidance On Rush Street, Perfectly Sized For Acquisition-Minded Fanatics

CHICAGO, Jan. 18, 2022 /PRNewswire/ -- Rush Street Interactive, Inc. (NYSE: RSI) ("RSI"), a Chicago based gaming and betting company, is proud to announce the signing of former professional baseball manager and player Bobby Valentine. Valentine brings a wealth of knowledge and experience from decades in professional and collegiate sports to the exclusive brand and content deal with BetRivers.com  and  PlaySugarHouse.com.

FORMER NY METS MANAGER BOBBY VALENTINE JOINS BETRIVERS & PLAYSUGARHOUSE AS A BRAND AMBASSADOR

Penn Entertainment

"Until we see fewer promotional deals and more M&A deals, these online sports gambling stocks ... are very difficult to own," the "Mad Money" host said.

Cramer says wait for industry consolidation before buying online sports gambling stocks

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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Churchill Downs

Hall of Fame Resort & Entertainment

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.

9 Stocks To Watch For Ohio's Sports Betting Market, Which Could Hit $12 Billion

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

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