Rush Street Interactive Appoints Richard Schwartz Chief Executive Officer; Names Greg Carlin Vice Chairman
August 12 2021 - 4:15PM
Business Wire
Rush Street Interactive, Inc. (NYSE:RSI) ("RSI" or the
“Company”), a leading online casino and sports betting company in
the United States, today announced that Richard Schwartz,
Co-Founder and President, has been promoted to Chief Executive
Officer and Greg Carlin has been named Vice Chairman, effective
immediately. Mr. Schwartz will also join the Company’s Board of
Directors (the “Board”).
Co-Founder and Executive Chairman of RSI Neil Bluhm commented,
“Greg and I have worked alongside Richard since the inception of
RSI and I have seen firsthand his immense skill and ingenuity as an
executive. Richard’s vision has been integral in establishing RSI
as a pioneer and nationwide leader in the online casino business,
and there is no one better suited to continue to drive our
strategic direction and growth. On behalf of the entire Board, I
would like to thank Greg for his enduring contributions to the
Company and I look forward to his continued partnership.”
Mr. Carlin said, “I am incredibly grateful to have had the
opportunity to lead RSI from our founding through our listing as a
publicly traded company, and I am proud of the incredible team we
have built and our many accomplishments to date. Richard has been a
key partner in building RSI’s award-winning proprietary technology
platform and online operations. His deep understanding of the
online gaming space and passion for our business will be critical
in continuing to drive value for our shareholders for years to
come. I believe now is the right time for me to transition to Vice
Chairman and am excited to continue working with Richard and our
highly experienced management team and Board to strengthen RSI’s
industry leadership position."
Mr. Schwartz said, “I am honored to lead RSI at this time of
tremendous growth for our Company and industry, and am humbled by
the trust that Greg and the Board have placed in me. Greg has
positioned RSI for success and our opportunities continue to
expand, from new market launches to innovative product offerings
and strategic marketing programs. As we look to the future, RSI
will remain relentlessly focused on operational excellence and
trying to delight our players with helpful, transparent customer
service while refining our best-in-class technology platform.”
Richard Schwartz has been a leader and innovator in the gaming
industry for nearly 20 years. He co-founded RSI in 2012 and has
served as the Company’s President since inception. In this role,
Mr. Schwartz has overseen the product, operations, business
development, regulatory compliance, and legal functions for the
company.
Prior to founding RSI, Mr. Schwartz started and led the
interactive business for WMS Industries (now Scientific Games),
which, in 2010, launched the award-winning UK-facing online casino
business, Jackpot Party. He is an inventor on 50 US patents and has
a deep understanding of player psychology. Before working in the
gaming industry, Mr. Schwartz was an executive at Telecom Italia
Lab USA (formerly Telecom Italia Ventures) and an intellectual
property attorney in Silicon Valley. Mr. Schwartz received his AB
from the University of California, Berkeley and received his JD
from the University of California, Hastings College of the Law. He,
along with Messrs. Bluhm and Carlin, were named Entrepreneurs of
The Year® 2021 Midwest Award winners by Ernst & Young LLP.
About RSI RSI is a trusted online gaming and sports
entertainment company focused on regulated markets in the United
States and Latin America. Through its brands, BetRivers.com and
PlaySugarHouse.com, RSI was an early entrant in many regulated
jurisdictions and is currently live with real-money mobile, online
and/or retail operations in ten U.S. states: Pennsylvania,
Illinois, New Jersey, New York, Michigan, Indiana, Virginia,
Colorado, Iowa and West Virginia. RSI is also active
internationally, offering its online casino and sportsbook in the
regulated gaming market of Colombia on RushBet.co. 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 2020 Global Gaming Awards Digital
Operator of the Year and the 2020 EGR North America Awards Casino
Operator of the Year and Customer Service Operator of the Year. RSI
is committed to industry-leading responsible gaming practices and
seeks to provide its customers with the resources and services they
need to play responsibly. For more information, visit
www.rushstreetinteractive.com.
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version on businesswire.com: https://www.businesswire.com/news/home/20210812005139/en/
For RSI: Media: Lisa Johnson (609) 788-8548
lisa@lisajohnsoncommunications.com or Jonathan Gasthalter/Carissa
Felger/Sam Fisher (312) 319-9233 / (212) 257-4170
rsi@gasthalter.com
Investors: ir@rushstreetinteractive.com
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