CHICAGO and NEW
CUMBERLAND, W. Va., Dec. 11, 2020 /PRNewswire/ -- Rush Street
Interactive, LP ("RSI"), one of the fastest-growing online
casino and sports betting gaming companies in the United States, announced today that it has
finalized an agreement with Century Casinos, Inc. (Nasdaq: CNTY)
("Century Casinos") to launch RSI's award-winning online casino in
West Virginia at
BetRivers.com. Subject to licensing and regulatory approval by
the West Virginia Lottery, RSI intends to commence operations
in the second quarter of 2021.
The partnership between RSI and Century Casinos offers West
Virginians access to a broad range of online casino games,
including hundreds of the latest slot machines and table games, as
well as a unique and innovative multi-tiered loyalty program that
gamifies exciting rewards for customers to earn. Casino gaming
enthusiasts in the Mountain State over the age of 21 can now
sign-up at BetRivers.net BetRivers.net free to play casino site to
experience the best-in-class RSI platform before the real money
site officially launches at BetRivers.com next year.
"As RSI continues the collective expansion of our interactive
gaming operations into more states, we look forward to earning the
same trust and preference of West Virginians that we have earned of
players across the country," said Richard
Schwartz, president of Rush Street Interactive. "In
neighboring Pennsylvania, RSI is
the clear leader in online casino market share, thanks to our
secure and reliable platform, player-first attitude, transparent
approach to customer service, large game library, fast payouts and
innovative playing experiences. In partnership with
Mountaineer Casino, Racetrack & Resort, we are pleased to
have the chance to offer gaming fans in West Virginia the unparalleled experience and
service our customers have come to expect via BetRivers.com."
In addition to its online casinos in New Jersey and Pennsylvania, RSI currently operates online
sportsbooks in Colorado,
Illinois, Indiana, Iowa, New
Jersey and Pennsylvania.
Additionally, RSI is the #1 operator of online casino by revenue in
the United States year-to-date
through September according to data from Eilers & Krejcik
Gaming. RSI was also named the 2020 Casino Operator of the Year and
Customer Service Operator of the Year by eGaming Review.
On July 27, 2020, RSI entered into a business
combination agreement with dMY Technology Group, Inc. (NYSE:
DMYT.U, DMYT and DMYT WS). Upon the closing of the transaction, the
combined company intends to change its name to Rush Street
Interactive, Inc. and trade on the NYSE under the ticker symbol
"RSI."
About Rush Street Interactive:
Founded in 2012 by gaming industry veterans, RSI is a market
leader in online casino and sports betting in the U.S. The Company
launched its first online gaming casino
site, PlaySugarHouse.com in New
Jersey, in September 2016 and was the first gaming
company to launch a regulated online gaming site in
Pennsylvania. With its BetRivers.com sites, Rush
Street Interactive was also the first to launch regulated online
gaming in the states of Indiana, Colorado and, most recently, Illinois. Rush Street Interactive 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 has been an early mover
in Latin America and was the first
U.S.-based gaming operator to launch a legal and regulated online
casino and sportsbook, RushBet.co, in the country of Colombia. For more information,
visit www.rushstreetinteractive.com
About dMY Technology Group
dMY Technology Group, Inc. is a $230
million special purpose acquisition company founded by
Niccolo de Masi and Harry You for the purpose of effecting a merger,
capital stock exchange, asset acquisition, stock purchase,
reorganization or similar business combination with one or more
businesses. dMY's initial public offering was underwritten by
Goldman Sachs & Co. and UBS Investment Bank, and its common
stock, units and warrants trade on the NYSE under the ticker
symbols DMYT, DMYT-UN and DMYT-WT, respectively. More information
can be found at www.dmytechnology.com.
About Century Casinos, Inc.:
Century Casinos, Inc. is a casino entertainment company. The
Company owns and operates Century Casino & Hotels in
Cripple Creek and Central City, Colorado, and in Edmonton, Alberta, Canada; the Century Casino
in Cape Girardeau and Caruthersville, Missouri, and in St. Albert, Alberta, Canada; Mountaineer
Casino, Racetrack & Resort in New
Cumberland, West Virginia; the Century Mile Racetrack and
Casino ("CMR") in Edmonton, Alberta,
Canada; and Century Bets! Inc. ("CBS"). CBS and CMR operate
the pari-mutuel off-track horse betting networks in southern and
northern Alberta, respectively.
Through its Austrian subsidiary, Century Resorts Management GmbH
("CRM"), the Company holds a 66.6% ownership interest in Casinos
Poland Ltd., the owner and operator of eight casinos throughout
Poland; and a 75% ownership
interest in Century Downs Racetrack and Casino in Calgary, Alberta, Canada. The Company operates
four ship-based casinos. The Company, through CRM, also owns a 7.5%
interest in, and provides consulting services to, Mendoza Central
Entretenimientos S.A., a company that provides gaming-related
services to Casino de Mendoza in Mendoza, Argentina. The Company continues to pursue
other projects in various stages of development.
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. dMY's and 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 licensing and regulatory
approvals, its estimates of when it will commence operations in
West Virginia, dMY's and RSI's
expectations with respect to future performance and anticipated
financial impacts of the proposed business combination, the
satisfaction of the closing conditions to the proposed business
combination and the timing of the completion of the proposed
business combination. 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 dMY's and RSI's control and are difficult
to predict. Factors that may cause such differences include, but
are not limited to: (1) the occurrence of any event, change or
other circumstances that could give rise to the termination of the
definitive business combination agreement (the "Agreement"); (2)
the outcome of any legal proceedings that may be instituted against
dMY and RSI following the announcement of the Agreement and the
transactions contemplated therein; (3) the inability to complete
the proposed business combination, including due to failure to
obtain approval of the stockholders of dMY, certain regulatory
approvals or satisfy other conditions to closing in the Agreement;
(4) the occurrence of any event, change or other circumstance that
could give rise to the termination of the Agreement or could
otherwise cause the transaction to fail to close; (5) the impact of
COVID-19 on RSI's business and/or the ability of the parties to
complete the proposed business combination; (6) the inability to
obtain or maintain the listing of dMY's shares of common stock on
the New York Stock Exchange following the proposed business
combination; (7) the risk that the proposed business combination
disrupts current plans and operations as a result of the
announcement and consummation of the proposed business combination;
(8) the ability to recognize the anticipated benefits of the
proposed business combination, which may be affected by, among
other things, competition, the ability of RSI to grow and manage
growth profitably and retain its key employees; (9) costs related
to the proposed business combination; (10) changes in applicable
laws or regulations; (11) the possibility that RSI or dMY may be
adversely affected by other economic, business, and/or competitive
factors; and (12) other risks and uncertainties indicated from time
to time in the proxy statement relating to the proposed business
combination, including those under "Risk Factors" therein, and in
dMY's other filings with the SEC. dMY cautions that the foregoing
list of factors is not exclusive. dMY cautions readers not to place
undue reliance upon any forward-looking statements, which speak
only as of the date made. dMY 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.
Important Information About the Proposed Business Combination
and Where to Find It
In connection with the proposed business combination, dMY filed
a preliminary proxy statement with the SEC on October 9, 2020, November
12, 2020, November 25, 2020
and December 4, 2020, and intends to
file a definitive proxy statement with the SEC. dMY's stockholders
and other interested persons are advised to read the preliminary
proxy statement and the amendments thereto and the definitive proxy
statement and documents incorporated by reference therein filed in
connection with the proposed business combination, as these
materials will contain important information about RSI, dMY and the
proposed business combination. When available, the definitive proxy
statement and other relevant materials for the proposed business
combination will be mailed to stockholders of dMY as of a record
date to be established for voting on the proposed business
combination. Stockholders will also be able to obtain copies of the
preliminary proxy statement, the definitive proxy statement and
other documents filed with the SEC that will be incorporated by
reference therein, without charge, once available, at the SEC's web
site at www.sec.gov, or by directing a request to: dMY Technology
Group, Inc., Attention: Niccolo de
Masi, Chief Executive Officer,
niccolo@dmytechnology.com.
Participants in the Solicitation
dMY and its directors and executive officers may be deemed
participants in the solicitation of proxies from dMY's stockholders
with respect to the business combination. A list of the names of
those directors and executive officers and a description of their
interests in dMY is contained in the Registration Statement on Form
S-1, which was filed by dMY with the SEC on January 31, 2020 and is available free of charge
at the SEC's website at www.sec.gov, or by directing a request to
dMY Technology Group, Inc., 1180 North Town Center Drive, Suite
100, Las Vegas, Nevada 89144.
Additional information regarding the interests of such participants
will be contained in the proxy statement for the proposed business
combination when available.
RSI and its directors and executive officers may also be deemed
to be participants in the solicitation of proxies from the
shareholders of dMY in connection with the business combination. A
list of the names of such directors and executive officers and any
information regarding their interests in the proposed business
combination will be included in the proxy statement for the
proposed business combination.
No Offer or Solicitation
This press release shall not constitute a solicitation of a
proxy, consent or authorization with respect to any securities or
in respect of the proposed business combination. This press release
shall also not constitute an offer to sell or the solicitation of
an offer to buy any securities, nor shall there be any sale of
securities in any states or jurisdictions in which such offer,
solicitation or sale would be unlawful prior to registration or
qualification under the securities laws of any such jurisdiction.
No offering of securities shall be made except by means of a
prospectus meeting the requirements of Section 10 of the Securities
Act of 1933, as amended.
CONTACTS
Media:
Lisa Johnson
(609) 788-8548
lisa@lisajohnsoncommunications.com
or
Jonathan Gasthalter / Carissa Felger / Nathaniel Garnick
(312) 319-9233 / (212) 257-4170
rsi@gasthalter.com
Investors:
rsi@icrinc.com
For dMY:
Niccolo de Masi
(310) 600-6667
niccolo@dmytechnology.com
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SOURCE Rush Street Interactive