Rush Street Interactive partners with poker legend Phil Hellmuth to enhance player experiences across online gaming platforms.
Quiver AI Summary
Rush Street Interactive, Inc. (RSI) has announced an exclusive partnership with renowned professional poker player Phil Hellmuth, who holds the record for the most World Series of Poker tournament wins. This collaboration will enhance RSI's online casino, sportsbook, and poker offerings through various player experiences and entertainment initiatives. Hellmuth will participate in in-app promotions, live casino dealer events, VIP tournaments, and branded media productions, including the BetRivers Network and Poker Night in America. As part of the partnership, Hellmuth will engage audiences with his dynamic personality and expertise, helping to elevate player experiences across RSI's platforms. CEO Richard Schwartz expressed excitement about Hellmuth joining the BetRivers family, highlighting the partnership's potential to create unique content and unforgettable events for players.
Potential Positives
- Rush Street Interactive has secured an exclusive partnership with Phil Hellmuth, a highly recognized figure in the poker world, which is likely to enhance the company's visibility and attractiveness to players.
- The partnership includes a variety of engaging events and promotions that will potentially drive player engagement and retention across RSI's platforms.
- Hellmuth's involvement in media productions, including the BetRivers Network and Poker Night in America, will provide additional content and exposure, appealing to both poker enthusiasts and casual players.
- This collaboration signifies RSI's commitment to delivering premium entertainment experiences, reinforcing its position as a leader in the online gaming industry.
Potential Negatives
- The announcement may draw scrutiny towards the company's reliance on a single celebrity partnership for brand promotion, potentially overshadowing other significant aspects of their business strategy.
- The extensive emphasis on Phil Hellmuth's poker persona may alienate potential customers who either do not follow poker or do not engage with high-stakes gambling culture.
- Forward-looking statements highlight inherent risks and uncertainties in the partnership that could result in negative impacts on the company's performance if expectations are not met.
FAQ
What is the new partnership between Phil Hellmuth and Rush Street Interactive?
Phil Hellmuth joins Rush Street Interactive as a brand and content partner to enhance player experiences across their platforms.
How will Phil Hellmuth engage with players?
Hellmuth will host Live Casino events, provide sports betting commentary, and lead interactive sessions for players and fans.
What exclusive events will be available for VIPs?
VIPs will have opportunities to attend tournaments and events, including the Super Bowl, alongside Phil Hellmuth.
How is RSI enhancing its online poker offering?
RSI plans to promote its new online poker platform and host dedicated tournaments featuring Hellmuth's branded content.
What does this partnership mean for Rush Street Interactive?
This partnership reinforces RSI's commitment to delivering premium content and dynamic entertainment experiences in the gaming industry.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$RSI Insider Trading Activity
$RSI insiders have traded $RSI stock on the open market 27 times in the past 6 months. Of those trades, 0 have been purchases and 27 have been sales.
Here’s a breakdown of recent trading of $RSI stock by insiders over the last 6 months:
- RICHARD TODD SCHWARTZ (Chief Executive Officer) has traded it 9 times. They made 0 purchases and 9 sales, selling 770,557 shares.
- KYLE SAUERS (Chief Financial Officer) has traded it 4 times. They made 0 purchases and 4 sales, selling 307,558 shares.
- MATTIAS STETZ (Chief Operating Officer) has traded it 5 times. They made 0 purchases and 5 sales, selling 75,000 shares.
- EINAR ROOSILEHT (Chief Information Officer) has traded it 3 times. They made 0 purchases and 3 sales, selling 220,000 shares.
- JUDITH GOLD has traded it 3 times. They made 0 purchases and 3 sales, selling 290,000 shares.
- PAUL WIERBICKI (Chief Legal Officer) has traded it 3 times. They made 0 purchases and 3 sales, selling 62,937 shares.
To track insider transactions, check out Quiver Quantitative's insider trading dashboard.
$RSI Hedge Fund Activity
We have seen 119 institutional investors add shares of $RSI stock to their portfolio, and 61 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- HG VORA CAPITAL MANAGEMENT, LLC removed 7,000,000 shares (-100.0%) from their portfolio in Q3 2024
- CANYON CAPITAL ADVISORS LLC removed 2,087,503 shares (-67.6%) from their portfolio in Q3 2024
- GOLDMAN SACHS GROUP INC removed 1,656,830 shares (-76.6%) from their portfolio in Q3 2024
- FMR LLC removed 1,579,448 shares (-97.3%) from their portfolio in Q3 2024
- DIVISADERO STREET CAPITAL MANAGEMENT, LP added 1,316,014 shares (+34.6%) to their portfolio in Q3 2024
- ARROWSTREET CAPITAL, LIMITED PARTNERSHIP added 1,015,963 shares (+161.7%) to their portfolio in Q3 2024
- INTRINSIC EDGE CAPITAL MANAGEMENT LLC added 939,756 shares (+84.6%) to their portfolio in Q3 2024
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.
Full Release
CHICAGO, Jan. 13, 2025 (GLOBE NEWSWIRE) -- Rush Street Interactive, Inc. (NYSE: RSI) (“RSI”), a premier online casino and sports betting operator, is thrilled to announce a new exclusive partnership with Phil Hellmuth, the world-renowned professional poker player and record-holder for the most World Series of Poker (WSOP) tournament wins. Known as one of the most skilled gamblers in the world, Hellmuth will join the BetRivers team as a brand and content partner bringing his unparalleled expertise and charisma to deliver a variety of exciting and exclusive player experiences and entertainment across RSI’s Casino, Sportsbook, and Poker verticals, as well as throughout RSI’s media-owned productions such as the BetRivers Network and our long-running Poker Night in America poker show.
Hellmuth’s legendary career has made him one of the most recognizable figures in the poker world. With an unmatched 17 WSOP bracelets, he has cemented his status as a skilled gambler, captivating gambling audiences with his pride, passion, and larger-than-life persona. Beyond his accolades, Hellmuth’s engaging presence and entertaining personality have inspired countless fans and players worldwide.
This partnership will see Hellmuth integrated across RSI’s platforms and media production properties, delivering a mix of thrilling entertainment and engaging player opportunities.
Highlights of the partnership will include:
- In-App Promotions: Exclusive themed casino, sportsbook, and poker events and challenges for players to test their skills and enjoy unique rewards.
- Interactive Entertainment: Hellmuth will host Live Casino Dealer events, provide sports betting commentary, and lead interactive sessions for players and fans. He will also participate in unique engaging poker events with VIPs.
- VIP Events and Experiences: Appearances at in-person and online VIP tournaments and events, offering players a chance to compete with, be entertained by, and learn from one of poker’s greatest. In the upcoming weeks, VIPs will have the opportunity go to the Super Bowl in New Orleans with the poker legend.
- Brick-and-Mortar Activations: Hellmuth will headline events at BetRivers land-based casino partners, creating unforgettable moments for attendees. In the coming months, Hellmuth will be participating in various tournaments at our casino partners including Rivers Casino and Little River Casino.
- BetRivers Network Collaborations: Hellmuth will play a prominent role in RSI’s entertainment media property, BetRivers Network , including appearances on flagship poker show production Poker Night in America , exclusive streaming events, and other branded activations. Be on the lookout for upcoming shoots and promotions including Hellmuth’s signed legendary BetRivers hat.
- BetRivers Online Poker: Dedicated tournaments and exclusive branded content designed to captivate online poker enthusiasts and casual players alike. Including, promoting RSI’s recently launched online poker platform developed in collaboration with acclaimed poker professional Phil Galfond.
“Phil Hellmuth is a living legend whose influence extends far beyond the poker table to all gamblers, and we are excited to welcome him to the BetRivers family,” said Richard Schwartz, CEO of Rush Street Interactive. “Phil’s unmatched passion, dynamic personality, and flair for entertainment make him the perfect ambassador as we continue to expand our offerings and elevate player experiences across our platforms. His expanded role in the BetRivers Network, including increased appearances on Poker Night in America, and his contributions to promoting our new online poker platform, will bring unparalleled excitement to our players. Additionally, his involvement with our best-in-class mobile casino and sportsbook promotional games will create unforgettable moments for players and fans alike.”
“Partnering with Rush Street Interactive and BetRivers is an exciting new chapter for me,” said Hellmuth. “Ever since meeting the Rush Street Interactive executive team in 2012, I have been a fan. I have been impressed with RSI’s moxie, will, and determination to build a beautiful product—an online gaming experience that people love to use and play on. Today, I am proud to announce that we will elevate our collaboration to share my experience and love of poker, gambling, and entertainment with BetRivers players and fans, both online and in person. First up, I will attend the Super Bowl in New Orleans with BetRivers VIP players!”
This partnership reinforces RSI’s dedication to delivering premium content, unforgettable events, and dynamic entertainment experiences for its players. By aligning with Hellmuth, RSI continues to solidify its position as a leader in the online casino, sportsbook, and poker industries.
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 arrangement with Hellmuth, what RSI's anticipated offerings and benefits arising from that arrangement will include and its future performance with respect to that arrangement. 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.
About Rush Street Interactive
RSI is a trusted online gaming and sports entertainment company focused on markets in the United States, Canada and Latin America. Through its brands, BetRivers, PlaySugarHouse and RushBet, RSI was an early entrant in many regulated jurisdictions. It currently offers real-money mobile and online operations in fifteen U.S. states: New Jersey, Pennsylvania, Indiana, Colorado, Illinois, Iowa, Michigan, Virginia, West Virginia, Arizona, New York, Louisiana, Maryland, Ohio and Delaware, as well as in the regulated international markets of Colombia, Ontario (Canada), Mexico and Peru. 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 by gaming industry veterans, RSI was named the EGR North America Awards Customer Services Operator of the Year five years in a row (2020-2024), the 2022 EGR North America Awards Operator of the Year and Social Gaming Operator of the Year, and the SBC Latin-American Awards 2024 Casino Operator of the Year and 2021 Sportsbook Operator of the Year. RSI was the first U.S.-based online casino and sports betting operator to receive RG Check iGaming Accreditation from the Responsible Gaming Council. For more information, visit
www.rushstreetinteractive.com
.
About Phil Hellmuth
Phil Hellmuth is one of the most celebrated poker players in history, holding a record-breaking 17 World Series of Poker bracelets. Known for his competitive spirit, engaging personality, and entertaining presence, Hellmuth is a global ambassador for poker and remains a dominant force in the game.
Contacts
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