Rush Street Interactive Inc Stock Price, News & Analysis

Rush Street Interactive (NYSE: RSI), a Chicago-based gaming company, has partnered with Evolution to debut Red Tiger games in Michigan on BetRivers.com. The initial lineup includes top games like Bounty Raid, 777 Strike, and Reel Keeper, with additional titles such as Cash Vault and Piggy Riches Megaways™ expected soon. This collaboration marks RSI's expansion in the U.S. online gaming market, following the successful launch of Red Tiger games in Pennsylvania.

Rush Street Interactive (NYSE:RSI) reported a revenue of $122.8 million for Q2 2021, marking an 89% increase from $65.0 million in Q2 2020. The net loss shrank to $14.0 million, down from $50.6 million a year earlier. Adjusted EBITDA loss was $6.6 million, compared to a gain of $3.7 million in the same quarter last year. The company has projected its full-year revenue to be between $465 million and $495 million, reflecting a growth of 72% year-over-year. RSI also announced significant new market access partnerships and an improvement in its mobile sportsbook app rankings.

Rush Street Interactive (NYSE:RSI) has announced the promotion of Richard Schwartz, Co-Founder and President, to Chief Executive Officer, effective immediately. Greg Carlin transitions to Vice Chairman. Schwartz, who has been instrumental in RSI’s growth since its inception in 2012, will also join the Board of Directors. Neil Bluhm, Executive Chairman, praised Schwartz's vision as essential to RSI's leadership in the online casino market. Schwartz expressed his commitment to operational excellence and expanding RSI’s market presence, particularly with new product offerings and strategic initiatives.

Rush Street Interactive (NYSE: RSI) has been chosen by the Connecticut Lottery Corporation (CLC) as its sports betting operations partner for a 10-year agreement, pending regulatory approvals. RSI will provide a comprehensive sports betting system across mobile, online, and retail platforms. The partnership allows CLC to operate an online sports betting skin and up to 15 retail locations statewide, serving a quarter of Connecticut's population. This selection emphasizes RSI's industry leadership and successful track record in regulated markets, including New York and New Jersey.

Rush Street Interactive (NYSE: RSI) has announced a minority investment in Boom Entertainment, a top game developer. This partnership includes a commercial agreement where Boom will integrate its gaming technology into RSI's platform and develop exclusive games. Additionally, RSI gains market access to operate online gaming in Louisiana, Mississippi, and New Mexico, pending regulatory approvals. RSI aims to enhance its offerings, particularly with a mobile betting launch in Louisiana during the football season. The collaboration is expected to bolster RSI's user experience and game diversity.

Rush Street Interactive (NYSE: RSI) has signed NFL Hall of Famer Mike Ditka as a multi-year brand ambassador for BetRivers.com, the Chicago Bears' exclusive sportsbook partner. Ditka, a key figure in NFL history, will engage in promotions, provide insights on BetRivers' platforms, and participate in unique content like "Da Coach's Picks of the Week" and "Beat Da Coach" web videos. This partnership aims to enhance player trust and engagement, leveraging Ditka's extensive knowledge and popularity in Chicago.

Rush Street Interactive (NYSE: RSI) will announce its Q2 2021 results on August 12, 2021, after market close. A conference call will follow at 5:00 PM ET to discuss the financial outcomes. Investors can access the press release and related materials on RSI's investor relations website. This gaming and sports entertainment company operates in ten U.S. states and Colombia, offering an array of online casino games and sports betting options. RSI has received accolades for its operations, emphasizing its commitment to responsible gaming practices.

Rush Street Interactive (NYSE: RSI) has announced a multi-year partnership with GTG Network to introduce the iSport Genius data and insight product across its sportsbooks. The iSport Genius service is now available in all states where RSI's BetRivers operates, enhancing the user experience with comprehensive sports data. Only four U.S. sportsbooks will offer this service, providing bettors access to critical sports insights. This collaboration aims to elevate sports betting education, driving informed user decisions.

Rush Street Interactive (NYSE: RSI) has partnered with Scientific Games (NASDAQ: SGMS) to launch their online casino games in West Virginia, making RSI the first online casino operator in the state to offer these games. Popular titles include 88 Fortunes and Monopoly Megaways™. The partnership aims to enhance player experience with engaging features and bonuses. RSI is known for providing high-quality customer service and efficient payout methods. This collaboration marks a significant step in expanding online gaming offerings in West Virginia.