Rush Street Interactive Inc Stock Price, News & Analysis

Rush Street Interactive (NYSE: RSI) announced a partnership with former Chicago Bull star Joakim Noah, who will provide exclusive content for BetRivers.com and PlaySugarHouse.com. This collaboration aims to enhance the betting experience through weekly videos featuring Noah's basketball insights and personal anecdotes. As March Madness unfolds, Noah's appeal extends to fans of the Florida Gators, where he won NCAA championships. The marketing campaign will include TV, radio, and billboard advertisements, showcasing Noah's involvement to attract new users and promote responsible gaming.

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.