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 Chicago-based online gaming and sports entertainment company focused on regulated markets in the United States, Canada and Latin America. Through its BetRivers, PlaySugarHouse and RushBet brands, RSI offers real-money online casino games and sports betting across multiple jurisdictions, making its news flow relevant to investors following the digital gambling and online casino sector.
The RSI news feed on Stock Titan aggregates coverage of the company’s earnings announcements, operating updates and market guidance. Recent press releases have detailed quarterly financial results, including revenue growth, net income, Adjusted EBITDA and trends in Monthly Active Users (MAUs) and Average Revenue per Monthly Active User (ARPMAU) across North American and Latin American markets.
Readers can also find news about RSI’s product and technology developments, such as the launch of an integrated debit payments solution on the BetRivers platform in partnership with Sightline Payments, and leadership appointments like the hiring of a Chief Technology Officer with experience in large-scale digital platforms. Corporate governance and organizational changes, including executive promotions documented in Form 8-K filings, are typically accompanied by press releases that appear in this news stream.
In addition, RSI regularly announces participation in investor conferences and earnings conference calls, providing context on how management presents its strategy, non-GAAP metrics and market focus. For anyone tracking RSI stock, this page offers a centralized view of company-issued news related to online casino operations, sports betting expansion, responsible gaming recognition and regional performance in the United States, Canada and Latin America.
Rush Street Interactive (NYSE: RSI) announces the launch of a new 'Basketball Squares' game for NBA bettors, following the success of its NFL counterpart. This innovative wagering feature allows players to win up to $10,000 in bonus money. Bettors can acquire standard squares at no charge with wagers of $20 and more, and can win $20 for a standard winning square. Enhanced engagement is anticipated due to the dynamic scoring nature of NBA games. RSI operates in multiple U.S. states and international markets, promoting a responsible gaming environment.
Rush Street Interactive (RSI) announced it will release its fourth quarter and year-end 2022 results after the market closes on March 1, 2023. Following the release, an earnings conference call will take place at 5:00 PM ET to discuss the results. The earnings press release and related materials will be accessible on RSI's investor relations website. RSI operates in the online gaming sector across various jurisdictions including the U.S., Canada, and Latin America, offering popular mobile casino games and sports betting. It was recognized with several awards in 2022 for excellence in the industry.
ODDSworks, a leader in Remote Gaming Server technology, has partnered with Rush Street Interactive (RSI) to deploy its BETguard™ Remote Gaming Server platform in Pennsylvania. This collaboration marks ODDSworks' entry into the Pennsylvania i-Gaming market and enhances RSI's BetRivers mobile and online offerings. The partnership reflects ongoing efforts to expand operations as ODDSworks plans to enter New Jersey next. The BETguard™ platform processes over $2 billion annually in wagering, showcasing ODDSworks' commitment to delivering quality gaming content.
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.
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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.