NYSE:RSI
Rush Street Interactive Announces Second Quarter 2023 Results
– Second Quarter Revenue of $165.1 Million, up 15% Year-over-Year –
– Achieved Adjusted EBITDA Profitability for the Quarter –
– Raising Full Year 2023 Revenue Guidance Midpoint with a Revised Range of between $650 and $690 Million –
CHICAGO, Aug. 02, 2023 (GLOBE NEWSWIRE) — Rush Street Interactive, Inc. (NYSE: RSI) (“RSI”), a leading online casino and sports betting company in the United States and the rest of the Americas, today announced financial results for the second quarter ended June 30, 2023.
Second Quarter 2023 Highlights
- Revenue was $165.1 million during the second quarter of 2023, an increase of 15%, compared to $143.7 million during the second quarter of 2022.
- Net loss was $16.7 million during the second quarter of 2023, compared to a net loss of $28.3 million during the second quarter of 2022.
- Adjusted EBITDA1 was a positive $1.2 million during the second quarter of 2023, compared to an Adjusted EBITDA loss of $18.6 million during the second quarter of 2022.
- Adjusted advertising and promotions expense1 was $40.4 million during the second quarter of 2023, compared to $44.2 million during the second quarter of 2022.
- Average Revenue per Monthly Active User (“ARPMAU”) in the United States and Canada was $359 during the second quarter of 2023, up 11% year-over-year.
- As of June 30, 2023, RSI had $128 million of unrestricted cash and cash equivalents.
Richard Schwartz, Chief Executive Officer of RSI, said, “Through the first half of the year the organization performed exceptionally well, achieving positive adjusted EBITDA ahead of schedule. This performance capped our strong first half with an adjusted EBITDA improvement of over $54 million compared to the first half of the prior year. This increase in profitability was mainly driven by operational improvements, as well as 15% revenue growth, led by strong growth in Colombia and markets that we launched after 2020.”
“We have built a fundamentally strong business with a firm foundation. Looking ahead, we are optimistic about our ability to innovate and continue to improve the quality of the user experience. With a solid financial position, a proprietary and scalable technology platform, and effective operational discipline, we are confident in our ability to continue executing successfully, positioning ourselves for further revenue and profitability growth in the future.”
______________________________
1 This is a non-GAAP financial measure. Please see “Non-GAAP Financial Measures” for more information about this non-GAAP financial measure and “Reconciliations of GAAP to Non-GAAP Financial Measures” for a reconciliation of the most comparable measure calculated in accordance with GAAP to this non-GAAP financial measure.
Guidance
RSI expects revenue for the full year ending December 31, 2023 to be between $650 and $690 million, increasing the midpoint by $5 million compared to the previous guidance. At the midpoint of the range, revenue of $670 million represents 13% year-over-year growth when compared to $592 million of revenues for 2022.
This range is based on certain assumptions, including that (i) only operations in live jurisdictions as of today’s date are included, (ii) all professional and college sports calendars that have been announced come to fruition, including the completion of their 2023 seasons, and (iii) RSI continues to operate in markets in which it is live today, except for Connecticut.
Earnings Conference Call and Webcast Details
RSI will host a conference call and audio webcast today at 5:00 p.m. Eastern Time (4:00 p.m. Central Time), during which management will discuss second quarter results and provide commentary on business performance and its current outlook for 2023. A question-and-answer session will follow the prepared remarks.
The conference call may be accessed by dialing 1-844-200-6205 (Toll Free) or 1-646-904 5544 (Local) or, for international callers, 1-929-526-1599. The conference call access code is 027620.
A live audio webcast of the earnings conference call may be accessed on RSI’s website at ir.rushstreetinteractive.com, along with a copy of this press release and an investor slide presentation. The audio webcast and investor slide presentation will be available on RSI’s investor relations website until at least September 2, 2023.
About Rush Street Interactive
RSI is a trusted online gaming and sports entertainment company focused on markets in the United States, Canada and Latin America. Through its brands, BetRivers, PlaySugarHouse and RushBet, RSI was an early entrant in many regulated jurisdictions. It currently offers real-money mobile and online operations in fifteen U.S. states: Pennsylvania, Illinois, New Jersey, New York, Ohio, Connecticut, Michigan, Indiana, Virginia, Colorado, Maryland, Iowa, West Virginia, Arizona and Louisiana, as well as in the regulated international markets of Ontario, Canada, Colombia and Mexico. RSI offers, through its proprietary online gaming platform, some of the most popular online casino games and sports betting options in the United States. Founded in 2012 in Chicago by gaming industry veterans, RSI was named the 2023 EGR North America Awards Customer Services Operator of the Year, the 2022 EGR North America Awards Operator of the Year, Customer Services Operator of the Year and Social Gaming Operator of the Year, and the 2021 SBC Latinoamérica Awards Sportsbook Operator of the Year. RSI was the first U.S.-based online casino and sports betting operator to receive RG Check iGaming Accreditation from the Responsible Gaming Council. For more information, visit www.rushstreetinteractive.com.
Non-GAAP Financial Measures
In addition to providing financial measurements based on accounting principles generally accepted in the United States (“GAAP”), this press release includes certain financial measures that are not prepared in accordance with GAAP, including Adjusted EBITDA, Adjusted Operating Costs and Expenses, Adjusted Net Loss Per Share, Adjusted Net Loss and Adjusted Weighted Average Common Shares Outstanding, each of which is a non-GAAP performance measure that RSI uses to supplement its results presented in accordance with GAAP. A reconciliation of each such non-GAAP financial measure to the most directly comparable GAAP financial measure can be found below. RSI believes that presentation of these non-GAAP financial measures provides useful information to investors regarding RSI’s results of operations and operating performance, as they are similar to measures reported by its public competitors and are regularly used by securities analysts, institutional investors and other interested parties in analyzing operating performance and prospects. These non-GAAP financial measures are not intended to be considered in isolation or as a substitute for any GAAP financial measures and, as calculated, may not be comparable to other similarly titled measures of performance of other companies in other industries or within the same industry.
RSI defines Adjusted EBITDA as net income (loss) before interest, income taxes, depreciation and amortization, share-based compensation, adjustments for certain one-time or non-recurring items and other adjustments. Adjusted EBITDA excludes certain expenses that are required in accordance with GAAP because certain expenses are either non-cash (i.e., depreciation and amortization, and share-based compensation) or are not related to our underlying business performance (i.e., interest income or expense).
RSI defines Adjusted Operating Costs and Expenses as RSI’s GAAP operating costs and expenses adjusted to exclude the impacts of share-based compensation, certain one-time or non-recurring items and other adjustments. Adjusted Operating Costs and Expenses excludes certain expenses that are required in accordance with GAAP because certain expenses are either non-cash (i.e., share-based compensation) or are not related to our underlying business performance.
RSI defines Adjusted Net Loss Per Share as Adjusted Net Loss divided by Adjusted Weighted Average Common Shares Outstanding. Adjusted Net Loss is defined as net loss attributable to Rush Street Interactive, Inc. as used in the diluted net loss per share calculation, adjusted for the reallocation of net loss attributable to non-controlling interests, share-based compensation, certain one-time or non-recurring items and other adjustments. Adjusted Weighted Average Common Shares Outstanding is defined as the weighted average number of common shares outstanding as used in the diluted net loss per share calculation, adjusted for the assumed conversion of the non-controlling interest’s Rush Street Interactive, LP Class A units to Class A common stock of RSI on a one-to-one-basis.
RSI includes these non-GAAP financial measures because management uses them to evaluate RSI’s core operating performance and trends and to make strategic decisions regarding the allocation of capital and new investments. Management believes that these non-GAAP financial measures provide investors with useful information on RSI’s past financial and operating performance, enable comparison of financial results from period-to-period where certain items may vary independent of business performance, and allow for greater transparency with respect to metrics used by RSI’s management in operating our business. Management also believes these non-GAAP financial measures are useful in evaluating our operating performance compared to that of other companies in our industry, as these metrics generally eliminate the effects of certain items that may vary from company to company for reasons unrelated to overall operating performance.
Key Metrics
RSI provides certain key metrics, including Monthly Active Users (“MAUs”) and ARPMAU, in this press release. RSI defines MAUs as the number of unique users per month who have placed at least one real-money bet across one or more of our online casino or online sports betting offerings, and it defines ARPMAU as average revenue for the applicable period divided by the average MAUs for the same period.
The numbers RSI uses to calculate MAUs and ARPMAU are based on internal RSI data. While these numbers are based on what RSI believes to be reasonable judgments and estimates of its customer base for the applicable period of measurement, there are inherent challenges in measuring usage and engagement with respect to RSI’s online offerings across its customer base. Such challenges and limitations may also affect RSI’s understanding of certain details of its business. In addition, RSI’s key metrics and related estimates, including the definitions and calculations of the same, may differ from estimates published by third parties or from similarly-titled metrics of its competitors due to differences in operations, offerings, methodology and access to information. RSI regularly reviews, and may adjust its processes for calculating, its internal metrics to improve their accuracy.
Forward-Looking Statements
This press release includes “forward-looking statements” within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. RSI’s actual results may differ from their expectations, estimates and projections and consequently, you should not rely on these forward-looking statements as predictions of future events. Words such as “expect,” “estimate,” “project,” “budget,” “forecast,” “anticipate,” “intend,” “plan,” “may,” “will,” “could,” “should,” “believes,” “predicts,” “potential,” “continue,” and similar expressions are intended to identify such forward-looking statements. These forward-looking statements include, without limitation, statements regarding guidance, RSI’s future results of operations, financial condition or profitability, currency fluctuations, RSI’s strategic plans and focus, anticipated launches or withdrawals of RSI’s current or new offerings in existing or future jurisdictions, player growth and engagement, product initiatives and the objectives of management for future operations. These forward-looking statements involve significant risks and uncertainties that could cause the actual results to differ materially from the expected results. Most of these factors are outside RSI’s control and are difficult to predict. Factors that may cause such differences include, without limitation: changes in applicable laws or regulations; RSI’s ability to manage and sustain growth; RSI’s ability to execute its business plan, meet its projections and obtain relevant market access and/or gaming licenses; unanticipated product or service delays; general economic and market conditions impacting the demand for RSI’s products and services; economic and market conditions in the gaming, entertainment and leisure industry in the markets in which RSI operates; the potential adverse effects of general economic conditions, inflation rates and unemployment on RSI’s liquidity, operations and personnel; and other risks and uncertainties indicated from time to time in RSI’s filings with the SEC. RSI cautions that the foregoing list of factors is not exclusive. RSI cautions readers not to place undue reliance upon any forward-looking statements, which speak only as of the date made. RSI does not undertake or accept any obligation or undertaking to release publicly any updates or revisions to any forward-looking statements to reflect any change in its expectations or any change in events, conditions or circumstances on which any such statement is based, except as required by law.
Media Contacts:
Lisa Johnson
(609) 788-8548
[email protected]
Investor Contact:
[email protected]
| Rush Street Interactive, Inc. | |||||||||||||||
| Condensed Consolidated Statements of Operations | |||||||||||||||
| (Unaudited and in thousands, except per share data) | |||||||||||||||
| Three Months Ended June 30, |
Six Months Ended June 30, |
||||||||||||||
| 2023 | 2022 | 2023 | 2022 | ||||||||||||
| (Unaudited) | (Unaudited) | (Unaudited) | (Unaudited) | ||||||||||||
| Revenue | $ | 165,062 | $ | 143,736 | $ | 327,423 | $ | 278,674 | |||||||
| Operating costs and expenses | |||||||||||||||
| Costs of revenue | 109,853 | 104,882 | 217,007 | 204,740 | |||||||||||
| Advertising and promotions | 40,965 | 44,742 | 90,905 | 111,591 | |||||||||||
| General administration and other | 20,558 | 16,610 | 42,150 | 32,150 | |||||||||||
| Depreciation and amortization | 7,988 | 3,290 | 13,743 | 6,027 | |||||||||||
| Total operating costs and expenses | 179,364 | 169,524 | 363,805 | 354,508 | |||||||||||
| Loss from operations | (14,302 | ) | (25,788 | ) | (36,382 | ) | (75,834 | ) | |||||||
| Other income (expenses) | |||||||||||||||
| Interest income (expense), net | 288 | (223 | ) | 668 | (445 | ) | |||||||||
| Total other income (expenses) | 288 | (223 | ) | 668 | (445 | ) | |||||||||
| Loss before income taxes | (14,014 | ) | (26,011 | ) | (35,714 | ) | (76,279 | ) | |||||||
| Income tax expense | 2,720 | 2,335 | 5,520 | 4,337 | |||||||||||
| Net Loss | $ | (16,734 | ) | $ | (28,346 | ) | $ | (41,234 | ) | $ | (80,616 | ) | |||
| Net loss attributable to non-controlling interests | (11,595 | ) | (20,014 | ) | (28,835 | ) | (57,587 | ) | |||||||
| Net loss attributable to Rush Street Interactive, Inc. | $ | (5,139 | ) | $ | (8,332 | ) | $ | (12,399 | ) | $ | (23,029 | ) | |||
| Net loss per common share attributable to Rush Street Interactive, Inc. – basic and diluted | $ | (0.08 | ) | $ | (0.13 | ) | $ | (0.19 | ) | $ | (0.37 | ) | |||
| Weighted average common shares outstanding – basic and diluted | 67,389,454 | 63,976,146 | 66,330,641 | 62,889,746 | |||||||||||
| Rush Street Interactive, Inc. | |||||||||||||||
| Condensed Consolidated Statements of Comprehensive Loss | |||||||||||||||
| (Unaudited and in thousands) | |||||||||||||||
| Three Months Ended June 30, |
Six Months Ended June 30, |
||||||||||||||
| 2023 | 2022 | 2023 | 2022 | ||||||||||||
| (Unaudited) | (Unaudited) | (Unaudited) | (Unaudited) | ||||||||||||
| Net loss | $ | (16,734 | ) | $ | (28,346 | ) | $ | (41,234 | ) | $ | (80,616 | ) | |||
| Other comprehensive loss | |||||||||||||||
| Foreign currency translation adjustment | 1,626 | (1,923 | ) | 1,970 | (409 | ) | |||||||||
| Comprehensive loss | $ | (15,108 | ) | $ | (30,269 | ) | $ | (39,264 | ) | $ | (81,025 | ) | |||
| Comprehensive loss attributable to non-controlling interests | (10,463 | ) | (21,378 | ) | (27,460 | ) | (57,863 | ) | |||||||
| Comprehensive loss attributable to Rush Street Interactive, Inc. | $ | (4,645 | ) | $ | (8,891 | ) | $ | (11,804 | ) | $ | (23,162 | ) | |||
| Rush Street Interactive, Inc. | |||||||||||||||||||||
| Reconciliations of GAAP to Non-GAAP Financial Measures | |||||||||||||||||||||
| (Unaudited and in thousands) | |||||||||||||||||||||
| Adjusted EBITDA: | |||||||||||||||||||||
| Three Months Ended June 30, |
Six Months Ended June 30, |
||||||||||||||||||||
| ($ in thousands) | 2023 | 2022 | 2023 |
2022 | |||||||||||||||||
| Net loss | $ | (16,734 | ) | $ | (28,346 | ) | $ | (41,234 | ) | $ | (80,616 | ) | |||||||||
| Interest (income) expense, net | (288 | ) | 223 | (668 | ) | 445 | |||||||||||||||
| Income tax expense | 2,720 | 2,335 | 5,520 | 4,337 | |||||||||||||||||
| Depreciation and amortization | 7,988 | 3,290 | 13,743 | 6,027 | |||||||||||||||||
| Share-based compensation expense | 7,518 | 3,880 | 15,193 | 7,817 | |||||||||||||||||
| Adjusted EBITDA | $ | 1,204 | $ | (18,618 | ) | $ | (7,446 | ) | $ | (61,990 | ) | ||||||||||
Adjusted Operating Costs and Expenses:
| Three Months Ended June 30, |
Six Months Ended June 30, |
|||||||||||||||
| 2023 | 2022 | 2023 | 2022 | |||||||||||||
| GAAP operating costs and expenses: | ||||||||||||||||
| Costs of revenue | $ | 109,853 | $ | 104,882 | $ | 217,007 | $ | 204,740 | ||||||||
| Advertising and promotions | 40,965 | 44,742 | 90,905 | 111,591 | ||||||||||||
| General administration and other | 20,558 | 16,610 | 42,150 | 32,150 | ||||||||||||
| Depreciation and amortization | 7,988 | 3,290 | 13,743 | 6,027 | ||||||||||||
| Total operating costs and expenses | $ | 179,364 | $ | 169,524 | $ | 363,805 | $ | 354,508 | ||||||||
| Non-GAAP operating cost and expense adjustments: | ||||||||||||||||
| Costs of revenue1 | $ | (269 | ) | $ | (246 | ) | $ | (526 | ) | $ | (490 | ) | ||||
| Advertising and promotions1 | (559 | ) | (511 | ) | (1,095 | ) | (1,016 | ) | ||||||||
| General administration and other1 | (6,690 | ) | (3,123 | ) | (13,572 | ) | (6,311 | ) | ||||||||
| Depreciation and amortization | — | — | — | — | ||||||||||||
| Total non-GAAP operating cost and expense adjustments | $ | (7,518 | ) | $ | (3,880 | ) | $ | (15,193 | ) | $ | (7,817 | ) | ||||
| Adjusted operating costs and expenses: | ||||||||||||||||
| Costs of revenue | $ | 109,584 | $ | 104,636 | $ | 216,481 | $ | 204,250 | ||||||||
| Advertising and promotions | 40,406 | 44,231 | 89,810 | 110,575 | ||||||||||||
| General administration and other | 13,868 | 13,487 | 28,578 | 25,839 | ||||||||||||
| Depreciation and amortization | 7,988 | 3,290 | 13,743 | 6,027 | ||||||||||||
| Total adjusted operating costs and expenses | $ | 171,846 | $ | 165,644 | $ | 348,612 | $ | 346,691 | ||||||||
- Non-GAAP Operating Costs and Expense Adjustments include Share-based compensation expense.
| Rush Street Interactive, Inc. | |||||||||||||||
| Reconciliations of GAAP to Non-GAAP Financial Measures | |||||||||||||||
| (Unaudited and in thousands, except share and per share data) | |||||||||||||||
| Adjusted Net Loss, Adjusted Weighted Average Common Shares Outstanding and Adjusted Net Loss Per Share: | |||||||||||||||
| Three Months Ended June 30, |
Six Months Ended June 30, |
||||||||||||||
| 2023 | 2022 | 2023 | 2022 | ||||||||||||
| Adjusted Net Loss | |||||||||||||||
| Net loss attributable to Rush Street Interactive, Inc. – diluted | $ | (5,139 | ) | $ | (8,332 | ) | $ | (12,399 | ) | $ | (23,029 | ) | |||
| Adjustments: | |||||||||||||||
| Net loss attributable to non-controlling interests | (11,595 | ) | (20,014 | ) | (28,835 | ) | (57,587 | ) | |||||||
| Share-based compensation expense | 7,518 | 3,880 | 15,193 | 7,817 | |||||||||||
| Adjusted Net Loss | $ | (9,216 | ) | $ | (24,466 | ) | $ | (26,041 | ) | $ | (72,799 | ) | |||
| Adjusted Weighted Average Common Shares Outstanding | |||||||||||||||
| Weighted average common shares outstanding – diluted | 67,389,454 | 63,976,146 | 66,330,641 | 62,889,746 | |||||||||||
| Adjustments: | |||||||||||||||
| Conversion of weighted average RSILP Units to Class A Common Shares | 154,453,141 | 156,004,353 | 155,150,489 | 157,011,313 | |||||||||||
| Adjusted Weighted Average Common Shares Outstanding | 221,842,595 | 219,980,499 | 221,481,130 | 219,901,059 | |||||||||||
| Net loss per common share attributable to Rush Street Interactive, Inc. – basic and diluted: | $ | (0.08 | ) | $ | (0.13 | ) | $ | (0.19 | ) | $ | (0.37 | ) | |||
| Adjusted Net Loss per Share – basic and diluted | $ | (0.04 | ) | $ | (0.11 | ) | $ | (0.12 | ) | $ | (0.33 | ) | |||
CHICAGO, Dec. 19, 2024 (GLOBE NEWSWIRE) — Rush Street Interactive, Inc. (NYSE: RSI) (“RSI”), a leading online casino and sports betting company in the United States and the rest of the Americas, today announced that it has elected Thomas Winter to its board of directors, effective as of December 16, 2024. With this addition, the board returns to nine members.
“We are thrilled to welcome Thomas to our board”, said Richard Schwartz, CEO of Rush Street Interactive. “His proven track record in the online gaming industry and his strategic vision will be invaluable as we continue to expand our footprint and enhance our offerings. We look forward to his contributions and are confident that his expertise will help drive our future success”.
Mr. Winter is a seasoned executive with extensive experience in the online gaming industry. He began his career in the gaming sector nearly two decades ago and has since established himself as a leader in the field. In 2013, he founded Golden Nugget Online Gaming (GNOG), where he served as President. Under his leadership, GNOG become a top online gaming operator in New Jersey, achieving significant market share and recognition, went public and was later successfully sold for over $1.5 billion to DraftKings, where he developed their multi-brand online casino strategy and led their online casino business until September 2023.
Before founding GNOG, Mr. Winter was the CEO and director of Betclic, a major European online sports betting and gaming operator, and Expekt, a pioneer brand in the online gaming industry, within the Betclic Group. He played a key role as COO at both businesses before being appointed CEO.
About Rush Street Interactive
RSI is a trusted online gaming and sports entertainment company focused on markets in the United States, Canada and Latin America. Through its brands, BetRivers, PlaySugarHouse and RushBet, RSI was an early entrant in many regulated jurisdictions. It currently offers real-money mobile and online operations in fifteen U.S. states: New Jersey, Pennsylvania, Indiana, Colorado, Illinois, Iowa, Michigan, Virginia, West Virginia, Arizona, New York, Louisiana, Maryland, Ohio and Delaware, as well as in the regulated international markets of Colombia, Ontario (Canada), Mexico and Peru. RSI offers, through its proprietary online gaming platform, some of the most popular online casino games and sports betting options in the United States. Founded in 2012 in Chicago by gaming industry veterans, RSI was named the EGR North America Awards Customer Services Operator of the Year five years in a row (2020-2024), the 2022 EGR North America Awards Operator of the Year and Social Gaming Operator of the Year, and the SBC Latinoamérica Awards 2024 Casino Operator of the Year and 2021 Sportsbook Operator of the Year. RSI was the first U.S.-based online casino and sports betting operator to receive RG Check iGaming Accreditation from the Responsible Gaming Council. For more information, visit www.rushstreetinteractive.com.
Contacts
Media:
[email protected]
Investors:
[email protected]
NYSE:RSI
Rush Street Interactive’s Laura McAllister Cox Named Chief Compliance Officer of the Year at Vixio Global Regulatory Awards
CHICAGO, Dec. 05, 2024 (GLOBE NEWSWIRE) — Rush Street Interactive, Inc. (NYSE: RSI) (“RSI”) is proud to announce that Laura McAllister Cox, RSI’s Chief Compliance Officer, has been awarded the highly coveted Chief Compliance Officer of the Year award at the prestigious Vixio Global Regulatory Awards in London. This recognition celebrates Laura’s exceptional leadership, her instrumental role in navigating the ever-evolving regulatory landscape, and her unwavering commitment to fostering a culture of compliance and responsible gaming at RSI.
The Chief Compliance Officer of the Year award highlights compliance leaders who go beyond the call of duty, leading their departments through the complexities of regulatory change while significantly elevating compliance standards across their organizations. Laura’s nomination reflects her steadfast dedication to these principles and her unmatched contributions to the gaming industry.
“Laura McAllister Cox exemplifies the qualities of a transformative compliance leader,” said Richard Schwartz, Chief Executive Officer of Rush Street Interactive. “Her vision, expertise, and unwavering commitment to regulatory excellence have not only positioned RSI as a pioneer in responsible gaming practices but also ensured that RSI consistently sets the industry standard for compliance and innovation. This award is a testament to her extraordinary impact on our company and the broader gaming landscape.”
Laura’s achievements include leading RSI to become the first U.S. operator to receive the Responsible Gaming Council’s RG Check Accreditation, an honor that underscores the company’s dedication to the safety and well-being of its customers while fostering a sustainable gaming environment. Under her guidance, RSI has also achieved market-leading profitability and strategic expansion into new jurisdictions, all while navigating complex regulatory frameworks with precision.
As Chief Compliance Officer of publicly traded Rush Street Interactive, Laura oversees the company’s compliance strategy across a range of critical areas, including regulatory, licensing, anti-money laundering, technical compliance, and responsible gaming. Her leadership has been instrumental in building RSI’s compliance department into a world-class operation with specialized subject matter experts across these domains.
Beyond her achievements at RSI, Laura is widely regarded as one of the most respected voices in the global gaming industry. Her distinguished career spans nearly four decades and includes serving as President of the International Association of Gaming Advisors (IAGA) from 2017 to 2018, as well as legal and compliance leadership roles at esteemed organizations such as Rush Street Gaming, Greenberg Traurig, LLP, and Gaming Partners International Corporation. Her expertise in gaming law and corporate compliance has solidified her reputation as a trusted authority in the field.
Laura’s ability to identify and cultivate exceptional talent, foster collaborative relationships with regulators, and implement forward-thinking compliance strategies has made her an unparalleled leader in the gaming industry. Her initiatives, such as yearly team summits and ongoing training programs, ensure RSI’s compliance team remains agile and equipped to address the ever-changing regulatory landscape.
“I am deeply honored to be named the Chief Compliance Officer of the Year,” said Laura McAllister Cox. “This recognition is a reflection of the incredible work of my team and RSI’s unwavering commitment to compliance excellence and responsible gaming. At RSI, we strive to lead by example and set the standard for innovation, integrity, and collaboration in the gaming industry. I am grateful to be part of a company that values these principles and to work alongside such talented professionals every day.”
The Vixio Global Regulatory Awards celebrate achievements and innovation in compliance and responsible gaming across the global gambling industry.
About Rush Street Interactive
RSI is a trusted online gaming and sports entertainment company focused on markets in the United States, Canada and Latin America. Through its brands, BetRivers, PlaySugarHouse and RushBet, RSI was an early entrant in many regulated jurisdictions. It currently offers real-money mobile and online operations in fifteen U.S. states: New Jersey, Pennsylvania, Indiana, Colorado, Illinois, Iowa, Michigan, Virginia, West Virginia, Arizona, New York, Louisiana, Maryland, Ohio and Delaware, and, as well as in the regulated international markets of Colombia, Ontario (Canada), Mexico and Peru. RSI offers, through its proprietary online gaming platform, some of the most popular online casino games and sports betting options in the United States. Founded in 2012 in Chicago by gaming industry veterans, RSI was named the EGR North America Awards Customer Services Operator of the Year five years in a row (2020-2024), the 2022 EGR North America Awards Operator of the Year and Social Gaming Operator of the Year, and the SBC Latinoamérica Awards 2024 Casino Operator of the Year and 2021 Sportsbook Operator of the Year. RSI was the first U.S.-based online casino and sports betting operator to receive RG Check iGaming Accreditation from the Responsible Gaming Council. For more information, visit www.rushstreetinteractive.com.
Contacts
Media:
[email protected]
Investors:
[email protected]
CHICAGO, Nov. 22, 2024 (GLOBE NEWSWIRE) — Rush Street Interactive, Inc. (NYSE: RSI) (“RSI”), a leading online casino and sports betting company in the United States and the rest of the Americas, today announced that Richard Schwartz, Chief Executive Officer and Kyle Sauers, Chief Financial Officer, will present at the Needham 4th Annual Consumer Tech/Ecommerce Virtual Conference on Monday, November 25 at 3:45 p.m. Eastern Time. The Company will also present at Craig-Hallum’s 4th Annual Online Gaming Conference on Monday, December 2 at 10:00 a.m. Eastern Time.
A live audio webcast of both presentations will be available through the “Investors” section of the Company’s website at www.rushstreetinteractive.com. Replays of the webcasts will be archived on the Company’s website for 90 days.
About Rush Street Interactive
RSI is a trusted online gaming and sports entertainment company focused on markets in the United States, Canada and Latin America. Through its brands, BetRivers, PlaySugarHouse and RushBet, RSI was an early entrant in many regulated jurisdictions. It currently offers real-money mobile and online operations in fifteen U.S. states: New Jersey, Pennsylvania, Indiana, Colorado, Illinois, Iowa, Michigan, Virginia, West Virginia, Arizona, New York, Louisiana, Maryland, Ohio and Delaware, and, as well as in the regulated international markets of Colombia, Ontario (Canada), Mexico and Peru. RSI offers, through its proprietary online gaming platform, some of the most popular online casino games and sports betting options in the United States. Founded in 2012 in Chicago by gaming industry veterans, RSI was named the EGR North America Awards Customer Services Operator of the Year five years in a row (2020-2024), the 2022 EGR North America Awards Operator of the Year and Social Gaming Operator of the Year, and the SBC Latinoamérica Awards 2024 Casino Operator of the Year and 2021 Sportsbook Operator of the Year. RSI was the first U.S.-based online casino and sports betting operator to receive RG Check iGaming Accreditation from the Responsible Gaming Council. For more information, visit www.rushstreetinteractive.com.
Contacts
Media:
[email protected]
Investors:
[email protected]
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