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Rush Street Interactive, Inc. - RSI STOCK NEWS

Welcome to our dedicated page for Rush Street Interactive news (Ticker: RSI), a resource for investors and traders seeking the latest updates and insights on Rush Street Interactive stock.

Rush Street Interactive, Inc. (NYSE: RSI) is a prominent player in the online gaming and sports entertainment industry, specializing in online casinos and sports betting. Founded in 2012 and headquartered in Chicago, Illinois, Rush Street Interactive has established itself as a trusted provider in both the United States and Latin American markets.

RSI offers a diverse range of gaming options, including real-money online casinos, online sports betting, and retail sports betting. Additionally, the company caters to the growing demand for social gaming, providing free-to-play games that utilize virtual credits. RSI’s revenue model is driven by both business-to-consumer (B2C) and business-to-business (B2B) operations, making their comprehensive suite of products accessible through their websites and mobile apps.

In recent developments, Rush Street Interactive has made significant strides in expanding its market presence. Notable achievements include a partnership with Evolution to enter the Delaware market, enhancing the company's game offerings with online slots from brands such as NetEnt, Red Tiger, and Big Time Gaming. This collaboration highlights RSI's commitment to meeting the expanding demands of the U.S. market.

The company has also ventured into the sports arena with a title sponsorship for the NASCAR Xfinity Series Dash 4 Cash race at Dover Motor Speedway. This marks a historical moment as it allows fans in Delaware to place mobile sports wagers during the event. The partnership underscores RSI's dedication to delivering top-tier entertainment experiences and supporting local communities.

Financially, RSI has shown resilience and adaptability. The company's latest financial reports indicate continued growth, with adjustments for non-GAAP financial measures providing a clearer picture of their operational performance. RSI’s ability to innovate and adapt has earned them multiple industry accolades, including the 2023 EGR North America Awards Customer Services Operator of the Year and the 2021 SBC Latinoamérica Awards Sportsbook Operator of the Year.

Rush Street Interactive continues to drive forward, leveraging strategic partnerships and technological advancements to maintain its position as a leader in the online gaming and sports betting industry. For more information and updates, visit www.rushstreetinteractive.com.

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Rush Street Interactive, Inc. (RSI) reports strong financial results for Q4 2023 and full year 2023, with revenue up 17% year-over-year to $194 million and $691 million, respectively. Net loss for Q4 was $5.5 million and $60.1 million for the full year. Adjusted EBITDA for Q4 and full year was $11.5 million and $8.2 million. RSI projects revenue guidance for full year 2024 to be between $770 and $830 million, with Adjusted EBITDA guidance between $35 and $45 million.
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Rush Street Interactive, Inc. (RSI) will release its fourth quarter and year-end 2023 results on March 6, 2024, followed by a conference call to discuss the results. The earnings press release and related materials will be available on RSI’s investor relations website. Interested parties can listen to the audio webcast and live Q&A or access the audio replay on the website. Conference call details are provided for those who wish to participate.
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Rush Street Interactive, Inc. (NYSE: RSI) announced CEO and CFO's participation in Needham’s Growth Conference on January 16, 2024, at 1:30 p.m. Eastern Time. The webcast will be available on the company's website.
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The Delaware Lottery announced the launch of its first online sportsbooks and the relaunch of its three online casinos, powered by Rush Street Interactive, Inc. (NYSE: RSI). Customers aged 21 and older across Delaware can now place bets on mobile devices, tablets, desktops, and laptops. RSI will provide state-of-the-art online gaming for the Delaware Lottery for an initial term of 5 years, with extensions at the discretion of Delaware Lottery.
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Rush Street Interactive, Inc. (RSI) announced that a woman from Cumberland County, NJ hit the IGT MegaJackpot at BetRivers.com. The 33-year-old woman won $662,000 with a $0.60 bet while playing at home on her mobile phone. She plans to pay off debt, provide a good holiday season for her kids, and invest the rest.
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Rush Street Interactive, Inc. (NYSE: RSI) attributes 830% revenue growth to developing and operationalizing a proprietary online platform for its online casinos and sportsbooks. The company ranked #170 on the Deloitte Technology Fast 500™, showcasing its success and customer-centric approach in the highly competitive online gaming space.
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Rush Street Interactive (RSI) announced its financial results for Q3 2023. Revenue was $169.9 million, up 15% YoY. Net loss was $13.4 million, compared to $22.7 million in Q3 2022. Adjusted EBITDA was $4.1 million, compared to a loss of $12.5 million in Q3 2022. RSI expects to be Adjusted EBITDA positive for full year 2023. The company raised its full year 2023 revenue guidance midpoint to a range of $665 to $685 million.
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Rush Street Interactive, Inc. to release Q3 2023 results and hold conference call
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Rush Street Interactive, Inc. (NYSE: RSI) is launching Prop Central, a platform that offers multiple player prop wagering options in one location, making it easier for bettors to navigate through prop offers across major sports. The company is also enhancing its Squares promotional game for the upcoming football season, providing customers with more chances to win bonuses and prizes.
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Rush Street Interactive (RSI) has been selected by the Delaware State Lottery as its vendor for online gaming. RSI will provide state-of-the-art online gaming in Delaware for an initial term of 5 years, renewable for additional 1-year terms. RSI is currently live in 15 states and international markets.
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FAQ

What is Rush Street Interactive, Inc. (RSI)?

Rush Street Interactive, Inc. (RSI) is an online gaming and sports entertainment company that provides real-money online casinos, online sports betting, retail sports betting, and social gaming options.

When was Rush Street Interactive founded?

Rush Street Interactive was founded in 2012 and is based in Chicago, Illinois.

What markets does Rush Street Interactive operate in?

Rush Street Interactive operates primarily in the United States and Latin America, with recent expansions into markets such as Delaware.

What recent partnerships has RSI announced?

RSI recently partnered with Evolution to expand its online slot offerings in Delaware and became the title sponsor for the NASCAR Xfinity Series Dash 4 Cash race at Dover Motor Speedway.

How does RSI generate revenue?

RSI generates revenue through its business-to-consumer (B2C) and business-to-business (B2B) models, offering online casinos, sports betting, and social gaming through its websites and mobile apps.

What awards has Rush Street Interactive won?

Rush Street Interactive has received multiple accolades, including the 2023 EGR North America Awards Customer Services Operator of the Year and the 2021 SBC Latinoamérica Awards Sportsbook Operator of the Year.

Where can I find more information about Rush Street Interactive?

For more information and updates, visit the official website at www.rushstreetinteractive.com.

What is social gaming?

Social gaming involves free-to-play games that use virtual credits, which can be earned or purchased, providing an entertaining online gaming experience without real-money wagering.

What is RSI's involvement in NASCAR?

RSI is the title sponsor for the NASCAR Xfinity Series Dash 4 Cash race at Dover Motor Speedway, allowing fans to place mobile sports wagers during the event.

What are RSI's main brands?

RSI's main brands include BetRivers, PlaySugarHouse, and RushBet, offering a variety of gaming and sports betting options.

Rush Street Interactive, Inc.

NYSE:RSI

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821.49M
79.68M
7.82%
71.66%
5.72%
Casinos (except Casino Hotels)
Arts, Entertainment, and Recreation
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United States of America
CHICAGO