Serve as Chief Executive Officer, and Richard Schwartz will continue to serve as President of the combined company, supported by a deep and talented management team with substantial expertise in the online gaming industry. RSI offers premier in-game and live event streaming and expects to launch a new iOS sportsbook app later this year.įollowing the closing of the transaction, Neil Bluhm will continue to serve as Chairman of the Board of Directors, Greg Carlin will continue to The Companys proprietary, innovative iGaming platform provides a rich and differentiated user experience, and a wide range of
RSI only operates in legal and regulated markets. The first U.S.-based gaming operator to launch a legal and regulated online sportsbook on a national basis in Latin America. The Company launched its first online gamingĬasino site, in New Jersey, in September 2016 and subsequently became the first online gaming company to launch online sports wagering in Pennsylvania, Indiana, Colorado and, most recently, Illinois. market for online casino and online sports betting isĪpproximately $33 billion according to Eilers & Krejcik and RSI estimates. States that have legalized online gaming and where a scarcity of online gaming licenses also exists, as well as in New Jersey, Indiana, and Colorado. RSI currently operates online gaming sites in Illinois and Pennsylvania, the two largest populated U.S.
and its NYSE trading symbol to RSI.įounded in 2012 by gaming industry veterans Neil Bluhm, Greg Carlin and Richard Schwartz, RSI is a market leader in online casino and sports Upon closing, dMY intends to change its name to Rush Street Interactive, Inc. As a result of the transaction, RSI will become a publicly listed company on the New York Stock Exchange, and the combined company is anticipated to haveĪn initial enterprise value of approximately $1.78 billion. That they have entered into a definitive agreement pursuant to which RSI and dMY will combine. (NYSE: DMYT.U, DMYT and DMYT WS) (dMY), a publicly traded special purpose acquisition company, today announced One of the fastest-growing online casino and sports wagering companies in the United States, and dMY Technology Group, Inc. Post-Closing, RSI will continue to be led by Neil Bluhm, Chairman &Ĭo-Founder, Greg Carlin, CEO & Co-Founder, and Richard Schwartz, President & Co-FounderĬHICAGO J Rush Street Interactive, LP (RSI or the ∼ompany), RSIs majority shareholders, Neil Bluhm & Greg Carlin, will retain approximately 93% of their existing equity holdings in the RSI projects approximately $320 million in revenue for 2021 fiscal year Transactions include a $160 million committed PIPE at $10.00 per share led by Fidelity Management and Research Company
RUSH STREET GAMING STOCK PLUS
Initial enterprise value of approximately $1.78 billion, plus an estimated over $235 million in net cash to fund growth strategy SugarHouse brands top sports betting offering to roll out new sportsbook app this year online casino segment under the BetRivers and Preeminent online gaming company Rush Street Interactive is a market leader in the U.S. RUSH STREET INTERACTIVE AND dMY TECHNOLOGY GROUP TO COMBINE TOĬREATE A GROWING PUBLICLY TRADED ONLINE GAMING COMPANY
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