RSI CEO not troubled by Ontario app download data
Summary: Rush Street Interactive CEO Richard Schwartz suggested that the company doesn’t put much stock in the data on app downloads from the Ontario market, which is one of the only metrics analysts have until the province releases its first revenue reports. Why it matters: Schwartz’s comments point to RSI’s larger strategy, attracting the right […]
Rush Street Interactive on the path to profitability
Summary: Rush Street Interactive put forth a number of positive numbers during its Q1 earnings call, including the news it was profitable in Michigan and expects to be profitable company-wide by H2 2023. Why it matters: RSI is taking a far different approach to the US and North American market than many competitors. As analysts […]
Ohio setting up for football season online sports betting launch
Summary: Ohio regulators will open online sportsbook applications June 15, potentially opening the door for the first operators to launch during or even before the 2022 football season. Why it matters: Ohio has methodically rolled out a set of rules and their subsequent approvals, a lengthy but consistent process that continued Wednesday after the Casino […]
Butler on Missouri sports betting bill
@ButlerBets: Missouri lawmakers are working on a possible sports betting legislation compromise that could save sportsbook legalization hopes this session, an industry source told @WagersUSA, reaffirming a prior @ActionNetworkHQ report; bill has stalled in the Senate after passing the House
Betting to casino cross-sell promising for Caesars Digital
Summary: Analysts at Wells Fargo said Caesars’ regional and Las Vegas properties recovered during the first quarter, while the group’s online revenues should benefit from betting-to-casino cross-sell Why it matters: In common with other major casino operators, trends improved during the first quarter for Caesars’ regional and Las Vegas casinos, with margins up to to […]