Boom to Supply RSI With Exciting Online
Casino and Sports Betting Content, Including Exclusive
Games
RSI Expects to Launch Mobile Sports Betting
in Louisiana Later this Year
Rush Street Interactive, Inc. (NYSE: RSI) (“RSI”), a leading
online casino and sports betting company in the United States,
today announced that it has made a minority investment in Boom
Entertainment (“Boom”), a premier game developer and technology
provider that has created and operated some of the most successful
sports gaming apps in the United States on behalf of numerous
leading brands.
In addition to the investment, RSI and Boom have entered into a
comprehensive commercial agreement. As part of that agreement, Boom
will integrate its remote gaming server and license online casino
and sports betting games for RSI to make available to its real
money and social casino players via RSI’s proprietary online gaming
platform. Boom will also develop certain custom games for which RSI
will have exclusivity rights on for at least one year, ensuring RSI
will be able to offer its players unique and differentiated games
to play.
Additionally, through Boom’s relationship with certain
land-based casinos in Louisiana, Mississippi, and New Mexico, RSI
will receive market access opportunities to operate online casino
and sports betting in those new states, subject to license
availability, state law and regulatory approvals. In Louisiana, RSI
expects to launch mobile sports betting operations during the
upcoming football season following the legalization of sports
betting in the state in June 2021.
Richard Schwartz, President of RSI, said, “Boom shares our focus
on technological excellence and innovation, and the team has a
proven ability to design games that retain players through simple,
yet creative, game mechanics. By bringing this content to
BetRivers.com and PlaySugarHouse.com, our investment and
partnership with Boom are consistent with RSI’s strategy to offer
customers the best user experience and widest range of games
available in the industry. Moreover, we are very pleased to add
Louisiana, Mississippi, and New Mexico to the growing list of
states in which RSI has obtained market access relationships as we
continue to expand across the country and position RSI to reach
gaming enthusiasts wherever they may be.”
Founded in 2015 and based in New York, Boom has established
itself as a best-in-class game developer and technology provider,
helping to augment the online gaming offerings of such partners as
NBC Sports, MSG Network, and Golf. Boom develops rapidly scalable
products and content across the online casino and free-to-play
categories, including its highly successful flagship product, NBC
Sports Predictor. Its proprietary platforms help Boom’s partners
create valuable user databases and conversion funnels for
real-money gaming.
Boom is led by seasoned gaming and technology executives Stephen
A. Murphy, Co-Founder and CEO, and Med Nadooshan, President and
CTO. The team has over a decade of experience creating some of the
gambling industry’s most popular casino games.
Mr. Murphy said, “We are excited to partner with RSI, an
industry leader who understands and appreciates the importance of
high-quality game design. We have long discussed collaborating with
RSI on innovative games and products, and we are excited to bring
many of these opportunities to life in the coming months and
years.”
Mr. Schwartz concluded, “Having worked with the Boom management
team during their time in leadership roles at High 5 Games, we are
deeply familiar with the quality and reliability of the products
they have built and have always admired the vision, experience, and
passion they bring to our industry. We look forward to
participating in Boom’s continuing growth together with the rapid
growth of online gaming.”
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.
About Boom Entertainment
Boom Entertainment, formerly known as Boom Sports, has
established itself a leader in the emerging US online gaming
industry as a provider of world-class gaming content and platform
technology. The company’s highly successful flagship product, NBC
Sports Predictor, has led to partnerships with blue-chip brands in
the media, league, casino, and retail verticals.
Based in NYC, Boom builds and operates premium, innovative, and
highly accessible games that entertain millions of users and create
value for partners in the form of mobile engagement, user
acquisition, funnel management, and online gaming revenue. Boom’s
proprietary gaming-as-a-service platform and licensed remote gaming
servers are delivered with an emphasis on high-touch service,
speed, and reliability. For more information, visit
www.playboomsports.com.
Forward-Looking Statements
This press release includes "forward-looking statements" within
the meaning of the "safe harbor" provisions of the Private
Securities Litigation Reform Act of 1995. RSI's actual results may
differ from their expectations, estimates and projections and
consequently, you should not rely on these forward-looking
statements as predictions of future events. Words such as "expect,"
"estimate," "project," "budget," "forecast," "anticipate,"
"intend," "plan," "may," "will," "could," "should," "believes,"
"predicts," "potential," "continue," and similar expressions are
intended to identify such forward-looking statements. These
forward-looking statements include, without limitation, RSI's
expectations about its investment in and partnership with Boom
Entertainment, the anticipated products and services made available
in connection with that partnership, RSI’s expectations around its
market access opportunities and its anticipated launch in
Louisiana. These forward-looking statements involve significant
risks and uncertainties that could cause the actual results to
differ materially from the expected results. Most of these factors
are outside RSI's control and are difficult to predict. Factors
that may cause such differences include, without limitation,
changes in applicable laws or regulations, unanticipated product or
service delays, and other risks and uncertainties indicated from
time to time in RSI's most recent Annual Report on Form 10-K,
including those under "Risk Factors" therein, and in RSI's other
filings with the SEC. RSI cautions that the foregoing list of
factors is not exclusive. RSI cautions readers not to place undue
reliance upon any forward-looking statements, which speak only as
of the date made. RSI does not undertake or accept any obligation
or undertaking to release publicly any updates or revisions to any
forward-looking statements to reflect any change in its
expectations or any change in events, conditions or circumstances
on which any such statement is based.
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version on businesswire.com: https://www.businesswire.com/news/home/20210811005283/en/
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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