Rush Street Interactive Inc Stock Price, News & Analysis

Rush Street Interactive (NYSE: RSI) has received approval from the New York State Gaming Commission to begin mobile sports betting operations on January 8, 2022, at 9:00 am ET. This launch takes place in the largest online sports betting market in the U.S., just ahead of major sports events. The BetRivers sportsbook will offer extensive betting options, live streaming, and quick payout approvals. RSI, recognized for its award-winning service, emphasizes user experience and trust, establishing itself as a key player in New York's sports betting landscape.

Rush Street Interactive (RSI) has formed a 10-year partnership with Hall of Fame Resort & Entertainment Company (HOFV) to operate a retail sportsbook at the Hall of Fame Village in Canton, Ohio. This collaboration, pending necessary licenses, aims to enhance the visitor experience at the Pro Football Hall of Fame. HOFV praised RSI for its strong market reputation and performance in sports betting, indicating a fruitful relationship. RSI is currently operational in twelve U.S. states and is a leader in retail sports betting within major markets like Pennsylvania, Illinois, and New York.

Hall of Fame Resort & Entertainment Company (NASDAQ: HOFV) announced a 10-year agreement with Rush Street Interactive (NYSE: RSI) to establish a premier sports betting location at Hall of Fame Village in Canton, Ohio. The sports betting operation will enhance guest experiences in the newly opened Fan Engagement Zone. The partnership aims to leverage the legalization of sports betting in Ohio, with RSI bringing its expertise from operations in 12 states, including market leadership in populous states like Pennsylvania and New York. The agreement also includes a sponsorship component.

Inspired Entertainment, a prominent B2B gaming provider, has signed a framework agreement with Rush Street Interactive (RSI) to supply its Interactive games across multiple North American states, including New Jersey, Michigan, and West Virginia. Under this agreement, Inspired's popular titles, such as Santa King Megaways and Big Spin Bonus, will be integrated into RSI's gaming platform. This partnership allows Inspired to expand its reach in the North American market, enhancing its presence with a trusted operator in the online gaming sector.

Rush Street Interactive (RSI) has signed Brittney Payton, a well-known Chicago television personality and daughter of Bears legend Walter Payton, to an exclusive brand and content deal. This partnership aims to bolster RSI's presence in Arizona and Illinois through sports betting content creation. Payton will feature in commercials, podcasts, and social media, promoting BetRivers and PlaySugarHouse. With a Chicago Emmy to her name, Payton's involvement is anticipated to enhance RSI's engagement with sports betting fans while leveraging her pop culture connections.

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.