Rush Street Interactive

Rush Street Interactive, Inc. engages in developing, supplying, and operating regulated online gaming sites. It operates real-money online casino and sports wagering in New Jersey and Pennsylvania and also operates online sports wagering in Indiana, Colorado and Illinois. The company was founded by Neil Gary Bluhm, Gregory A. Carlin, and Richard Schwartz in 2012 and is headquartered in Chicago, IL.

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Rush Street Interactive reports record revenues and positive outlook for 2023

Rush Street Interactive (RSI) delivered strong revenue growth and profitability in 2022, with a positive outlook for 2023, focusing on innovation, user experience, and cost management.
While facing challenges such as EBITDA losses and increased G&A costs, RSI's strengths lie in its market share retention, efficient marketing spend, and technological advancements.
The company is well-positioned to capitalize on opportunities in existing and new markets, with a strategic approach to marketing costs and a commitment to driving growth and profitability.

Rush Street Interactive reports strong Q1 growth and eyes expansion

RSI's Q1 2023 showed strong revenue growth, improved margins, and reduced marketing expenses, aiming for positive EBITDA in the second half.
Maintaining a focus on sustainable profitability, RSI is evaluating expansion opportunities in South America and other potential markets.
Challenges include market competition and the impact of exiting Connecticut, with opportunities in Ontario, Michigan, and Latin America.
Strategic initiatives address brand recognition challenges and aim to drive player engagement through innovative online casino experiences.

Rush Street Interactive (RSI) beats Q2 expectations, eyes iGaming expansion

RSI delivered strong Q2 results, surpassing revenue expectations and highlighting profitability. The company's strategic focus on high-value players, technology innovation, and operational discipline drove growth. Raised guidance for the year and aims for adjusted EBITDA profitability in the second half of 2023.

Rush Street Interactive (RSI) excels in Q3, eyes Latin America expansion

Rush Street Interactive (RSI) delivered strong Q3 results with revenue growth, improved EBITDA, and market share gains. While facing industry shifts away from aggressive bonusing, RSI's customer-centric focus and product quality position it well for future growth in new markets and player acquisition.

Rush Street Interactive (RSI) excels in Q4, eyes LATAM expansion

Rush Street Interactive (RSI) delivered strong financial results, exceeding revenue guidance and showcasing growth in key markets like LATAM.
The company's strategic focus on expansion in emerging markets and operational efficiencies bode well for future growth and profitability.
While facing challenges in new markets like Delaware and Brazil, RSI's strengths in financial management and market differentiation position them for success.
RSI's proactive approach to evaluating opportunities and optimizing performance underscores their commitment to sustainable growth and stakeholder value.

Rush Street Interactive excels in Q1, faces valuation concerns

Rush Street Interactive's Q1 2024 earnings call highlighted impressive revenue growth, strong market performance, and strategic leadership decisions.
While facing valuation concerns and strategic queries, RSI remains focused on market expansion, user experience enhancement, and sustained profitability.
With a positive outlook for the year ahead, RSI aims to capitalize on growth opportunities, navigate challenges, and drive continued success in the iGaming industry.

Rush Street Interactive (RSI) excels in Q2, eyes LATAM expansion

Rush Street Interactive (RSI) delivered strong financial performance in Q2 2024, driven by revenue growth and profitability improvements. The company's strategic focus on diversification, market expansion, and customer acquisition yielded positive results, despite facing legislative and regulatory challenges. RSI's proactive approach to exploring new markets and optimizing marketing strategies positions it well for future growth and success.

Rush Street Interactive (RSI) reports record Q3 earnings and growth

RSI's Q3 2024 performance reflects robust growth, revenue diversification, and strong user engagement, underpinned by effective marketing strategies and product innovation.
While facing regulatory risks and market challenges, the company's strategic strengths in customer acquisition, loyalty programs, and financial management position it for continued success.
With raised guidance, expansion opportunities, and a focus on shareholder value, RSI demonstrates resilience and potential for sustained growth in the competitive gaming industry.

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CHICAGO--(BUSINESS WIRE)--Rush Street Interactive, Inc. (NYSE: RSI) (“RSI”) today announced that it will release its second quarter 2021 results after the market close on Thursday, August 12, 2021, followed by a conference call at 5:00 pm Eastern Time (4:00 pm Central Time) to discuss the results. RSI's earnings press release and related materials will be available at ir.rushstreetinteractive.com. To listen to the audio webcast and live Q&A, please visit RSI's investor relations website at

Rush Street Interactive Announces Second Quarter 2021 Earnings Release Date

CHICAGO, July 28, 2021 /PRNewswire/ -- Rush Street Interactive, Inc. (NYSE: RSI) ("RSI"), a leading Chicago-based online gaming company that operates sportsbooks in ten markets, and GTG Network, a pre-eminent data insights, gamification and technology company announced today that they have agreed to a multi-year co-exclusive partnership to offer GTG's world-renowned iSport Genius data facts and insight. The "Best-in-Class" iSport Genius product is now live in every state where RSI operates its award winning online sportsbook, BetRivers.com , which includes Pennsylvania, Illinois, Indiana, Michigan, Colorado, Iowa, and Virginia.

Rush Street Interactive and GTG Network Announce Multi-Year Co-Exclusive Partnership

Scientific Games

CHICAGO and NEW CUMBERLAND, W. Virginia, July 27, 2021 /PRNewswire/ -- Rush Street Interactive (NYSE: RSI) ("RSI"), a Chicago-based gaming company, has partnered with Scientific Games (NASDAQ: SGMS) to become the first online casino operator in West Virginia to premiere the global entertainment company's fan favorite games on BetRivers.com.

Rush Street Interactive Partners With Global Leader Scientific Games To Premiere Its Online Casino Games In West Virginia At BetRivers.com

Rush Street Interactive trades at a massive discount to other OSB and iGaming operators like DraftKings, Wynn Interactive, and Golden Nugget Online Gaming. I believe this discrepancy is caused by investor fears of falling market share in new markets like Michigan.

Rush Street Interactive: Asymmetric Risk Reward

CHICAGO and MANISTEE, Mich., July 23, 2021 /PRNewswire/ -- Midwest-based Rush Street Interactive, Inc. (NYSE:RSI) ("RSI"), received authorization from the Michigan Gaming Control Board on the first day when the product was approved to launch online live dealer games in the state (July 22) on its award-winning site BetRivers.com.

Award-Winning BetRivers.com Launches Evolution Gaming's Online Live Dealer Casino Games In Michigan

CHICAGO--(BUSINESS WIRE)--Rush Street Interactive, Inc. (NYSE: RSI) ("RSI"), a leading online casino and sports betting company in the United States, today announced that it has been added to the Russell 2000® Index and Russell 3000® Index as part of the indexes' annual reconstitution that took place on June 25, 2021. “We are excited about RSI's inclusion in the Russell 2000 and Russell 3000 indexes, as it represents another positive step in the evolution of our company,” said Greg Carlin, Chie

Rush Street Interactive Enters the Russell 2000® and Russell 3000® Indexes

DraftKings

The hosts of Benzinga's “SPACs Attack” held several SPAC Wars battles featuring companies that went public via SPAC merger competing in the same industry. One of the high-profile battles was Draftkings Inc (NASDAQ:DKNG) versus Rush Street Interactive Inc (NYSE:RSI), two companies operating in the online sports betting and online gaming sector.

SPAC Wars: DraftKings Vs. Rush Street Interactive

CHICAGO--(BUSINESS WIRE)--Ernst & Young LLP (EY US) announced that Neil Bluhm, Greg Carlin and Richard Schwartz of Rush Street Interactive, Inc. (NYSE:RSI) ("RSI") were named Entrepreneur Of The Year® 2021 Midwest Award finalists. Now in its 35th year, the Entrepreneur Of The Year program honors unstoppable business leaders whose ambition, ingenuity and courage in the face of adversity help catapult us from the now to next and beyond. Neil Bluhm, Greg Carlin and Richard Schwartz were select

EY US Announces Neil Bluhm, Greg Carlin and Richard Schwartz of Rush Street Interactive as Entrepreneur Of The Year® 2021 Midwest Award Finalists

CHICAGO--(BUSINESS WIRE)--Rush Street Interactive, Inc. (NYSE: RSI) ("RSI") has been named Casino Operator of the Year, Customer Services Operator of the Year and Social Gaming Operator of the Year at the EGR North America Awards 2021. The EGR Awards are regarded as the gold standard in the online gaming industry, celebrating excellence in the North American online gaming industry. The judges of these premier gaming awards recognize the leading operators who have demonstrated outstanding perfor

Rush Street Interactive Crowned Casino Operator of the Year, Customer Services Operator of the Year and Social Gaming Operator of the Year at 2021 EGR North America Awards

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We recommend buying into share price weakness as new states such as Virginia and Michigan continue to ramp. Even though gaming stocks fared poorly in Q1'21, from an underlying fundamentals perspective, revenues continued to impress.

Online Gaming Industry Quarterly Overview

Rush Street Interactive, Inc. (RSI) CEO Greg Carlin on Q1 2021 Results - Earnings Call Transcript

CHICAGO--(BUSINESS WIRE)--Rush Street Interactive, Inc. (NYSE: RSI) (“RSI”), a leading online casino and sports betting company in the United States, today announced financial results for the first quarter ended March 31, 2021. First Quarter 2021 Financial Highlights Revenue was $111.8 million during the first quarter of 2021, an increase of 218%, compared to $35.2 million during the first quarter of 2020. Net loss was $76 thousand during the first quarter of 2021, compared to a net loss of $12

Rush Street Interactive Announces First Quarter 2021 Results and Raises Full Year 2021 Guidance

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Why Online Gambling Stocks Are Falling Off a Cliff

CHICAGO--(BUSINESS WIRE)--Rush Street Interactive, Inc. (NYSE: RSI) (“RSI”) today announced that it will release its first quarter 2021 results after the market close on Thursday, May 13, 2021, followed by a conference call at 5:00 pm Eastern Time (4:00 pm Central Time) to discuss the results. RSI's earnings press release and related materials will be available at ir.rushstreetinteractive.com. To listen to the audio webcast and live Q&A, please visit RSI's investor relations website at ir.r

Rush Street Interactive Announces First Quarter 2021 Earnings Release Date

CHICAGO--(BUSINESS WIRE)--Rush Street Interactive, Inc. (NYSE: RSI) ("RSI") today announced that it has been named to the shortlist of nominees in multiple categories for the EGR North America Awards 2021. RSI is included in four ‘best of' categories including ‘Operator of the Year,' one of the most prestigious recognitions in the online gaming industry. RSI is also nominated as ‘Casino Operator of the Year', ‘Customer Services Operator of the Year' and ‘Social Gaming Operator of the Year.' RSI

Rush Street Interactive is Shortlisted as ‘Operator of the Year' Among Other ‘Best of' Categories at the EGR North America Awards for 2021

CHICAGO--(BUSINESS WIRE)--Rush Street Interactive, Inc. (NYSE: RSI) ("RSI") today announced the appointment of Lauren Seiler as Associate Vice President of Investor Relations and Development. Ms. Seiler brings to RSI over 17 years of diversified Wall Street experience, with 12 of those years being gaming-centric. As a long-time industry specialist, she brings an in-depth knowledge of iGaming, sports wagering, land-based operations and finance, along with extensive relationships within the buy a

Rush Street Interactive Names Lauren Seiler Associate Vice President of Investor Relations and Development

CHICAGO--(BUSINESS WIRE)--Rush Street Interactive, Inc. (NYSE: RSI) ("RSI"), a leading online casino and sports betting company in the United States, today announced the launch in West Virginia of its flagship brand and award-winning online casino platform, BetRivers.com, in West Virginia. Through RSI's partnership with Century Casinos, Inc.'s (Nasdaq: CNTY) Mountaineer Park Inc., West Virginians can now play a fun array of online slot games and popular table games such as blackjack, roulette a

BetRivers.com Launches Its Award-Winning Online Casino in West Virginia

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The Best Bets in Online Gambling

CHICAGO--(BUSINESS WIRE)--Rush Street Interactive, Inc. (NYSE: RSI) (“RSI”) announced today that its 2021 Annual Meeting of Stockholders (“Annual Meeting”) will be held on June 10, 2021, at 9:00 a.m., Central Daylight Time (10:00 a.m. Eastern Daylight Time). The record date for the meeting is April 20, 2021. The Annual Meeting will be held virtually as a result of continuing concerns surrounding the COVID-19 pandemic. To be timely, pursuant to the Company's Amended and Restated By-Laws and Rule

Rush Street Interactive Announces Date for 2021 Annual Meeting of Stockholders

Trading at less than half the multiples of peers, but has a #1 market share position in the US iCasino industry. Instead of fighting a commoditized battle against competitors, RSI chooses to vertically integrate its platform solidifying its long-term potential.

Rush Street Interactive: The Secret Sauce Is In Vertical Integration

Given a recently announced collaboration with a well-known casino operator, it's a good time to consider taking a position in RSI stock. The post Wager on the Expansion of Online Gaming with Rush Street Interactive appeared first on InvestorPlace.

Wager on the Expansion of Online Gaming with Rush Street Interactive

Online gambling companies are experiencing heady growth rates.

Why Rush Street Interactive's Shares Popped Today

The stock price of Rush Street Interactive, Inc. (NYSE: RSI) has increased by over 15% pre-market. This is why it happened.

RSI Stock Price Increases Over 15% Pre-Market: Why It Happened

Rush Street Interactive, Inc. (RSI) CEO Greg Carlin on Q4 2020 Results - Earnings Call Transcript

News for Rush Street Interactive Stock (RSI)