Rush Street Interactive Inc Stock Price, News & Analysis

On December 2, 2021, Richard Schwartz, CEO of Rush Street Interactive (NYSE: RSI), was honored as 'Leader of the Year' at the SBC Awards North America 2021. The prestigious awards celebrate excellence in the gaming industry, judged by a diverse panel from top firms. Schwartz expressed pride in his team's achievements, attributing success to their dedication to quality and innovation. Founded in 2012, RSI operates successful online brands like BetRivers and PlaySugarHouse across multiple U.S. states and has received numerous industry accolades for its gaming services.

RushBet, operated by Rush Street Interactive (NYSE: RSI), has announced a multi-year exclusive partnership with LaLiga in Colombia. This collaboration allows RushBet to co-brand with LaLiga Santander and LaLiga Smartbank, utilizing league IP for promotions and advertisements. The partnership includes access to unique hospitality experiences and the launch of new TV and digital content. RushBet was recently recognized as the 'Sportsbook of the Year' for Latin America at the SBC Awards 2021, highlighting its strong performance in the region.

Rush Street Interactive, Inc. (NYSE: RSI) has been recognized as the iGaming Operator of the Year for North America at the 2021 Gaming Intelligence Awards. This accolade reflects RSI's success within the online gaming sector, alongside its recent award for Sportsbook of the Year at the SBC Latinoamérica Awards. RSI continues to expand its operations, launching the PlaySugarHouse online sportsbook in Connecticut and BetRivers in Arizona. The company is also one of nine operators approved for mobile sports wagering in New York, marking a significant growth phase.

Rush Street Interactive reported third quarter 2021 revenue of $122.9 million, marking a 57% year-over-year increase compared to $78.2 million in Q3 2020. The net loss narrowed to $18.9 million from $26.5 million in the previous year. Adjusted EBITDA loss was $12.2 million. RSI raised its full-year revenue guidance to between $480 and $500 million, projecting a 76% increase from $278.5 million in 2020. The company highlighted expansion in markets such as Connecticut and New York, with awards and recognitions underscoring its growing presence in the industry.

Rush Street Interactive, Inc. (NYSE: RSI) has been awarded an online and mobile sports betting license by the New York State Gaming Commission. The company is one of nine operators selected to launch sports betting in New York, anticipated in Q1 2022. CEO Richard Schwartz highlighted New York's significance, stating it will be the largest online sports market in the U.S. RSI currently operates in 11 states and leads in the retail market in New York, Illinois, and Pennsylvania. The firm has also been recognized as a top online gaming company in the U.S. based on gross revenues.

Rush Street Interactive (NYSE: RSI) has expanded its online sportsbook, BetRivers, to Arizona, marking a significant milestone as it now operates in twelve states across the U.S. This launch comes at an opportune time with the NFL season underway. The BetRivers app, rated #3 among U.S. sportsbooks, offers extensive betting options and features including live streaming and advanced stats. RSI's recent partnership with the Arizona Rattlers enhances its market presence. The company remains committed to responsible gaming while aiming to provide top-tier customer service.

Rush Street Interactive (NYSE: RSI) has been awarded Sportsbook of the Year at the SBC Awards Latinoamérica 2021, showcasing its successful online sportsbook performance in Colombia. The award highlights RSI's commitment to quality user experience and its original RushBet platform. The recognition was given by a panel of Latin American gaming industry judges. COO Mattias Stetz emphasized the importance of Colombia for RSI's growth since its first legal launch in June 2018. The awards ceremony took place on October 28, 2021, in Miami.

Rush Street Interactive, Inc. (NYSE: RSI) will release its third quarter 2021 results on November 10, 2021, after market close. The earnings call will take place at 5:00 pm ET. Interested participants can access the earnings release and materials at ir.rushstreetinteractive.com. The call will feature a live Q&A session and an audio replay will be available until December 10, 2022.

Rush Street Interactive, Inc. (NYSE: RSI) has launched RushArena™, a pioneering multi-player tournament engine, enhancing its online casino and sportsbook offerings. The initial feature, RushRace™, allows players to compete in slots tournaments with flexible entry, diverse game selections, and real-time leaderboards. This innovation is designed to improve player engagement and retention, reflecting RSI's commitment to player experience. RSI operates in twelve U.S. states and Colombia, aiming to leverage this new engine for future contests that foster community among players.