Rush Street Interactive Inc Stock Price, News & Analysis

Rush Street Interactive (NYSE: RSI) reported a successful launch of its 'Squares' betting game, with 11 players winning the maximum prize of $10,000 since its introduction in mid-December 2022. The game enhances the betting experience on NFL and college games by offering additional opportunities for winnings without extra costs. Players earn squares through their existing bets, with potential payouts on winning squares ranging from $20 to $10,000. CEO Richard Schwartz noted the game's popularity among both novice and experienced bettors. RSI plans to extend Squares promotions for upcoming NFL conference championship games and the Super Bowl.

Rush Street Interactive (NYSE: RSI) is set to launch its award-winning BetRivers.com sportsbook for online and mobile wagering in Ohio starting January 1, 2023. Ohio residents aged 21 and over can utilize the platform to place bets on various sports, including the NFL and NCAA. Key features include multi-game same-game parlays, live streaming, and a robust loyalty program. To celebrate, BetRivers is offering a $500 Second-Chance Bet Promotion for new players. RSI emphasizes trust and player experience through its innovative betting options and customer service.

Rush Street Interactive (RSI) has inaugurated two new offices in Bogota and Medellin, Colombia, enhancing its presence in Latin America. The Bogota office spans 8,000 square feet, serving as the headquarters for the region, featuring innovative designs that reflect the gaming culture. The Medellin office is a tech hub aimed at leveraging local talent, supported by the government's 'Valle de Software' initiative. These expansions align with RSI's strategic growth plans in Colombia and Mexico, showcasing the company's commitment to local investment and community engagement.

Rush Street Interactive, Inc. (NYSE: RSI) reported a robust third quarter revenue of $148 million, marking a 20% increase year-over-year and achieving fourteen consecutive quarters of sequential revenue growth. However, the company faced a net loss of $22.7 million, up from a net loss of $18.9 million in Q3 2021. The Adjusted EBITDA loss was $12.5 million. The company anticipates full-year revenue between $580 million and $600 million by year-end, despite currency challenges.

MAUs grew 31% year-over-year reaching 130,000, with average revenue per MAU at $345.

Rush Street Interactive (NYSE: RSI) will release its third quarter 2022 results on November 2, 2022, after market close. A conference call will be held at 5:00 PM ET to discuss the results. Interested parties can access the earnings press release and materials on ir.rushstreetinteractive.com. The company operates in the U.S., Canada, and Latin America through brands like BetRivers and PlaySugarHouse, providing real-money mobile and online gaming in thirteen U.S. states.

Rush Street Interactive, Inc. (NYSE: RSI) has signed Philadelphia sports radio host Mike Missanelli as a podcaster and brand ambassador for BetRivers. This exclusive deal will feature Missanelli's podcasts starting September 8, coinciding with the NFL season. He will also represent BetRivers on various platforms and at events in Philadelphia. CEO Richard Schwartz emphasized Missanelli's influence in Philadelphia sports, anticipating that his insights will enhance customer engagement and betting experiences.

Rush Street Interactive (RSI) has expanded its partnership with LaLiga, making RushBet the exclusive sportsbook partner across South America for the next three seasons. This deal grants RushBet rights to use LaLiga's branding and player imagery, as well as opportunities for customer engagement through meet-and-greets with ex-players and exclusive hospitality experiences. The arrangement aims to strengthen RushBet's brand presence in Latin America beyond Colombia and enhance customer experience with exciting offerings.

Hall of Fame Resort & Entertainment Company (NASDAQ: HOFV, HOFVW) has established a 10-year partnership with Betr, becoming its official mobile sports-betting partner. This partnership allows HOFV to gain an equity stake in Betr, facilitating revenue sharing and cross-marketing opportunities. Betr focuses on micro-betting, enhancing the betting experience by allowing real-time betting during sports events. HOFV also plans to leverage its previous partnership with Rush Street Interactive to enhance digital betting experiences in Ohio.