Rush Street Interactive (RSI) Stock News

ODDSworks has partnered with Rush Street Interactive (RSI) to launch its BETguard™ Remote Gaming Server platform in New Jersey, marking the fourth iGaming market for their collaboration. This deployment allows both companies to expand their operations within the robust New Jersey market, known for its strong iGaming presence. The BETguard™ platform processes over $2 billion annually in wagers and is compliant with GLI-19 regulations. Steven DeMar, EVP of ODDSworks, emphasized the strategic growth potential of this partnership, while RSI CEO Richard Schwartz highlighted the quality of gaming content available to players on the BetRivers app. This partnership aims to enhance user experience and engage a larger audience in legal online gaming.

Rush Street Interactive (NYSE: RSI) has launched the BetRivers Michigan Million Online Slot Tournament, offering players in Michigan a chance to win a share of $1 million in bonus money. From April 1 to 30, 2023, players can enter by making a deposit of $50 or more. The tournament consists of three rounds, culminating in a live final on May 15, 2023, where participants compete for a $100,000 grand prize. The promotion and tournament aim to enhance the online gaming experience for Michiganders, with ten finalists competing in the ultimate showdown.

Rush Street Interactive (NYSE: RSI) has announced a partnership with sports commentator Julie Stewart-Binks to enhance its BetRivers brand. Stewart-Binks will develop exclusive sports and lifestyle content, including a new podcast and guest appearances on various shows. This partnership aims to strengthen the brand's presence in North America and engage betting enthusiasts. RSI operates BetRivers and other brands in the U.S., Canada, and Latin America, offering a diverse range of gaming options. The company has received multiple awards, including the EGR North America Awards Operator of the Year in 2022.

Rush Street Interactive (NYSE: RSI) and the Connecticut Lottery Corporation (CLC) announced plans to wind down their sports betting partnership in Connecticut. The CLC will seek a new operator, with a transition expected in the second half of 2023, while RSI continues current operations until a replacement is selected. Both parties emphasized a commitment to player experience, ensuring that all wagers are honored. The decision aims to align with RSI's long-term strategic goals, with minimal impact anticipated on 2023 financial guidance. RSI's leadership thanked the CLC for the collaboration over the past two years.

On March 10, 2023, Rush Street Interactive (NYSE: RSI) announced the launch of NCAA Basketball Squares to enhance engagement during March Madness. Bettors can earn bonus payouts up to $10,000 based on their wagers. The game features a 100-square board where each square corresponds to a combination of final scores. Bettors can receive additional squares by wagering $50 or more, with winning squares yielding $20 and boosted squares offering higher payouts. This initiative aims to attract casual fans and increase participation in sports betting during the NCAA tournament.

Rush Street Interactive (RSI) reported a 27% increase in Q4 revenue to $165.5 million and a 21% rise in full-year 2022 revenue to $592.2 million. The company anticipates revenue for 2023 between $630 million and $700 million, representing a 12% increase year-over-year. Despite a net loss of $31.1 million in Q4 2022, improved Adjusted EBITDA losses were noted. Monthly Active Users (MAUs) grew 22% year-over-year, with an average revenue per user (ARPMAU) of $327. RSI aims for positive Adjusted EBITDA in the latter half of 2023, focusing on customer loyalty and market investments.

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.