Slow to expand, internet casino gambling is the future of US betting, industry execs say [Yahoo! Finance Canada]
Rush Street Interactive, Inc. Class A (RSI)
Company Research
Source: Yahoo! Finance Canada
Speaking Wednesday at the SBC Summit North America, a major gambling industry conference, industry executives acknowledged the difficulty they've had in expanding the legalization of online casino games. Yet they remain certain that, like many other industries, the future of gambling is online. “Once you get to millennials, people are comfortable basically running their entire life off their cell phone,” said Elizabeth Suever, a vice president with Bally's Corporation. “This is where gaming is going.” ADVERTISEMENT It's just not getting there all that quickly. Only seven U.S. states currently offer legal online casino games: Connecticut, Delaware, Michigan, New Jersey, Pennsylvania, Rhode Island and West Virginia. Nevada offers internet poker but not online casino games. In contrast, 38 states plus Washington D.C. offer legal sports betting, the overwhelming majority of which is done online, mostly through cell phones. When the U.S. Supreme Court cleared the way in 2018
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News
- Rush Street Interactive, Inc. (NYSE: RSI) had its price target raised by analysts at Needham & Company LLC from $9.00 to $10.00. They now have a "buy" rating on the stock.MarketBeat
- Rush Street Interactive, Inc. (RSI) Is Up 7.38% in One Week: What You Should Know [Yahoo! Finance]Yahoo! Finance
- Is Hasbro (HAS) Outperforming Other Consumer Discretionary Stocks This Year? [Yahoo! Finance]Yahoo! Finance
- Rush Street Interactive to Participate at the Needham Technology, Media, & Consumer ConferenceGlobeNewswire
- Slow to expand, internet casino gambling is the future of US betting, industry execs say [Financial Post (Toronto, Ontario, Canada)]Financial Post
RSI
Earnings
- 5/1/24 - Beat
RSI
Sec Filings
- 5/2/24 - Form 10-Q
- 5/1/24 - Form 8-K
- 4/25/24 - Form ARS
- RSI's page on the SEC website