Rush Street Interactive, Inc. reports developments for an online casino and sports betting business serving markets in the United States and the rest of the Americas. Company news commonly covers quarterly and annual operating results, revenue guidance, player activity in North American online casino markets, and performance across online casino, online sports betting, retail sports betting, and social gaming offerings.
Updates also include investor conference participation, shareholder voting and governance matters, and capital-structure actions involving Class A common stock, selling stockholders, and share repurchase activity. The company's recurring disclosures connect customer acquisition, retention, product verticals, and geographic performance with reported financial results.
Hall of Fame Resort & Entertainment Company (NASDAQ: HOFV, HOFVW) has established a 10-year partnership with Betr, becoming its official mobile sports-betting partner. This partnership allows HOFV to gain an equity stake in Betr, facilitating revenue sharing and cross-marketing opportunities. Betr focuses on micro-betting, enhancing the betting experience by allowing real-time betting during sports events. HOFV also plans to leverage its previous partnership with Rush Street Interactive to enhance digital betting experiences in Ohio.
Rush Street Interactive (NYSE: RSI) reported second-quarter 2022 revenue of $143.7 million, up 17% year-over-year from $122.8 million. Despite revenue growth, the company reported a net loss of $28.3 million, compared to $14.0 million in the same quarter of 2021. Adjusted EBITDA also saw a decline, with a loss of $18.6 million. The company has tightened its full-year revenue guidance to between $600 million and $630 million. Monthly active users increased by 35% to 133,000, reflecting strong market expansion in Ontario and Mexico.
Rush Street Interactive (NYSE: RSI) has partnered with Bingo World to launch a new BetRivers Sportsbook in Maryland, opening on August 1, 2022, at 12:00 PM ET. The sportsbook features 12 self-service kiosks, 3 over-the-counter machines, and a 3,000 square foot lounge area with 32 theater-style seats and 21 hi-def video screens. Notably, former Ravens player Qadry Ismail will place the first bet. This partnership aims to provide Maryland residents with an exciting sports betting experience, leveraging Bingo World's local reputation and RSI's award-winning platform.
Rush Street Interactive, Inc. (NYSE: RSI) announced it will disclose its Q2 2022 earnings on August 4, 2022, after market close. A conference call will follow at 5:00 PM ET for discussion. The earnings release and materials will be accessible on their investor relations website. Interested listeners can join via phone or online, with a replay available after the call until at least September 4, 2022.
RSI operates in regulated markets across the U.S., Canada, and Latin America, offering online gaming and sports betting.
Rush Street Interactive (NYSE: RSI) celebrates its sponsorship of the Frisco Fighters, who advanced to the Indoor Football League (IFL) playoffs in their second season. The Fighters posted a 14-2 record this year, a remarkable achievement for a new franchise. RSI's sponsorship includes brand placement and engagement opportunities, reflecting the company's commitment to local markets. Additionally, RSI launched its online sportsbook and casino in Mexico and was recognized as the 2022 EGR North American Operator of the Year.
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.