Rush Street Interactive finalized its deal with special purpose acquisition company (SPAC) dMY Technology Group and has gone public with its stock on the New York Stock Exchange.
The new partnership between Rush Street and dMY was announced back in July 2020 and closed in December 2020 when dMY shareholders supported the deal at a meeting. This resulted in the stock changing to RSI.
As of December 30th, 2020, RSI can trade its shares on the NYSE.
Rush Street Interactive Chief Executive Greg Carlin commented:
“Today marks a momentous milestone for RSI as we enter the public markets with a tremendous opportunity ahead of us. With online casino and online sports betting still in the early stages in the United States, we believe there is significant growth potential for our business in both existing and new markets.
‘Our steadfast focus on customer experience and broad demographic reach, combined with our proprietary technology platform, provide us with what we believe are material advantages to further our leadership position as online gaming continues to mature.”
dMY Technology Group CEO Niccolo de Mas also commented:
“Through RSI’s differentiated offerings and loyal user base driven by strong player trust and engagement, we believe RSI is ideally positioned to capitalize on the rapid growth in online casino and online sports betting.
‘RSI is firmly committed to operational excellence, and we believe it has the best product, the best tech platform, and the best customer service in the market.”
The group was impressed over the growth of Rush Street Interactive spanning over the last 8 years and was excited to come together as partners.
The stock began trading at $10.00 per share but rose quickly to $20.52 once it was made public.
At the time of writing, RSI was at $20.51 per share.
What is Rush Street Interactive
Rush Street Interactive (RSI) is the operator behind BetRivers and SugarHouse online casino, as well as the parent company behind Rivers Philadelphia and Rivers Casino in Pittsburgh.
Users can access Rush Street and dMY online casino and sportsbook platforms in multiple states including Pennsylvania, New Jersey, Colorado, Indiana, and Illinois.
Since online gambling has been legalized in Pennsylvania, Rush Street has had a lot of firsts, including debuting iOS compatible mobile casinos in the state.
SugarHouse was one of the first casinos ever to launch online in PA, while BetRivers followed a few months later.
Rush Street is currently one of the fastest-growing gaming companies in America.