Rush Street Interactive Inc. (RSI) shares jumped 5.13% in after-hours on Thursday, January 07, 2021, and closed the daily trading at $15.77. Even in the regular trading session of Thursday, RSI’s stock gained 3.02%. RSI shares have fallen 26.86% over the last 12 months, and they have moved down 10.61% in the past week. Over the past three months, the stock has lost 27.50%, while over the past six months, it has soared 26.48%.
Let’s have a brief discussion about its latest news.
Will You Miss Out On This Growth Stock Boom?
A new megatrend in the fintech market is well underway. Mobile payments are projected to boom into a massive $12 trillion market by 2028. According to Motley Fool this growth stock could "deliver huge returns." Not only in the immediate future but also over the next decade. Especially since the man behind this company is a serial entrepreneur who has been wildly successful over the years.
And this is just one of our 5 Best Growth Stocks To Own For 2023.
RSI approval in NY
On January 06, 2022, the New York State Gaming Commission approved Rush Street Interactive, Inc. (RSI) to commence mobile sports wagering operations in New York beginning this Saturday, January 8, 2022, at 9:00 am ET. Upon launch, players across the state aged 21 and over can deposit funds and place bets at the award-winning BetRivers sportsbook on all mobile devices, tablets, desktop, and laptop computers.
Partnership with HOFV
On December 23, 2021, Rush Street Interactive, Inc. entered into a sports betting operations partnership with Hall of Fame Resort & Entertainment Company (HOFV).
Both companies signed a 10-year partnership, according to which RSI will operate a premier retail sportsbook at the Hall of Fame Village powered by Johnson Controls, a multi-use sport, entertainment, and media destination surrounding the Pro Football Hall of Fame in Canton, Ohio.
RSI contract with Inspired Entertainment
On December 22, 2021, Inspired Entertainment, Inc. (INSE), signed a framework agreement to supply its Interactive games to Rush Street Interactive. According to the contract, Inspired’s Interactive content will be integrated onto the RSI game platform and its popular games will be made available in multiple North American jurisdictions, including New Jersey, Michigan, and West Virginia.
Inspired’s Interactive games have a huge fan following in North America and are now available in New Jersey and Michigan and are coming soon to West Virginia.
RSI deal with Brittney Payton
On December 15, 2021, Rush Street Interactive, Inc. signed Brittney Payton, Chicago television personality and daughter of Chicago Bears Legend Walter Payton, to an exclusive brand and content deal with BetRivers.com and PlaySugarHouse.com.
Brittney Payton is a Chicago native and she moved to Arizona in 2020. She joins the RSI family as a Brand Ambassador for BetRivers in two key markets: Arizona and Illinois and she will be representing RSI in a variety of ways. Payton will be appearing as RSI ambassador in BetRivers TV and radio commercials, podcasts, and social media interviews.
The recent approval from the New York State Gaming Commission was the reason behind its top-notch performance on Thursday and it can continue its positive performance on Friday as well.