Rush Street Interactive promotes Kyle Sauers to President, enhancing leadership structure for continued growth and operational excellence.
Quiver AI Summary
Rush Street Interactive, Inc. (RSI) announced the promotion of Kyle Sauers to President, while he will also retain his role as Chief Financial Officer (CFO). CEO Richard Schwartz noted that Sauers' promotion reflects the company’s growth and his leadership qualities, emphasizing his strategic insight and operational discipline. This new structure will allow Schwartz to concentrate on innovation and regulatory advocacy, while Sauers focuses on enhancing market performance and day-to-day operations. Since joining RSI in 2020, Sauers has been instrumental in developing the finance organization and has taken on broader responsibilities beyond traditional finance. He expressed his commitment to advancing RSI’s mission and maximizing performance in their markets. RSI operates in the U.S., Canada, and Latin America and is recognized for its innovative and responsible gaming practices.
Potential Positives
- Kyle Sauers' promotion to President highlights the company's commitment to strong leadership and strategic growth.
- The new leadership structure allows CEO Richard Schwartz to focus on innovation and regulatory advocacy, indicating a forward-looking approach to business opportunities.
- RSI's recognition in the industry, including multiple awards for customer service and operation excellence, underscores its competitive advantage and market credibility.
- The expansion of RSI's capabilities in operational execution and cross-functional performance could lead to improved efficiency and profitability.
Potential Negatives
- The promotion of Kyle Sauers to President alongside his current role as CFO may raise concerns about the concentration of power within the executive team, which can lead to governance issues and a lack of diverse perspectives in leadership.
- The press release lacks specific information about how this new structure will directly address current market challenges or improve performance, potentially indicating a lack of clarity in strategic direction.
- The announcement may be interpreted as an attempt to boost investor confidence amidst market uncertainties, which could imply that the company is facing challenges that require such reassurance.
FAQ
Who is Kyle Sauers?
Kyle Sauers is the newly promoted President and current Chief Financial Officer of Rush Street Interactive, Inc.
What did Kyle Sauers accomplish at Rush Street Interactive?
Kyle Sauers played a key role in building RSI's Finance organization and guiding strategic decisions since joining in 2020.
What is Rush Street Interactive's mission?
RSI's mission focuses on providing innovative and accountable online gaming and sports entertainment across various markets.
In how many U.S. states does RSI operate?
RSI currently offers online gaming operations in fifteen U.S. states, including New Jersey and Pennsylvania.
What awards has Rush Street Interactive won?
RSI has received several awards, including the EGR North America Operator of the Year and Customer Services Operator of the Year titles.
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 39 times in the past 6 months. Of those trades, 0 have been purchases and 39 have been sales.
Here’s a breakdown of recent trading of $RSI stock by insiders over the last 6 months:
- MASI NICCOLO DE has made 0 purchases and 9 sales selling 1,784,375 shares for an estimated $27,276,916.
- RICHARD TODD SCHWARTZ (Chief Executive Officer) has made 0 purchases and 11 sales selling 1,163,430 shares for an estimated $19,159,155.
- EINAR ROOSILEHT (Chief Information Officer) has made 0 purchases and 7 sales selling 420,700 shares for an estimated $6,949,390.
- MATTIAS STETZ (Chief Operating Officer) has made 0 purchases and 9 sales selling 193,777 shares for an estimated $3,217,494.
- JUDITH GOLD sold 100,000 shares for an estimated $1,960,750
- PAUL WIERBICKI (Chief Legal Officer) sold 35,000 shares for an estimated $680,865
- KYLE SAUERS (Chief Financial Officer) sold 15,038 shares for an estimated $335,948
To track insider transactions, check out Quiver Quantitative's insider trading dashboard.
$RSI Hedge Fund Activity
We have seen 121 institutional investors add shares of $RSI stock to their portfolio, and 97 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- ROYAL BANK OF CANADA added 1,326,006 shares (+3971.0%) to their portfolio in Q2 2025, for an estimated $19,757,489
- MARSHALL WACE, LLP added 1,191,546 shares (+100.9%) to their portfolio in Q2 2025, for an estimated $17,754,035
- 1060 CAPITAL, LLC added 753,165 shares (+inf%) to their portfolio in Q2 2025, for an estimated $11,222,158
- FEDERATED HERMES, INC. removed 728,801 shares (-75.8%) from their portfolio in Q2 2025, for an estimated $10,859,134
- BLACKROCK, INC. added 695,417 shares (+9.8%) to their portfolio in Q2 2025, for an estimated $10,361,713
- INTRINSIC EDGE CAPITAL MANAGEMENT LLC added 660,183 shares (+439.6%) to their portfolio in Q2 2025, for an estimated $9,836,726
- PENN CAPITAL MANAGEMENT COMPANY, LLC added 592,766 shares (+118.7%) to their portfolio in Q2 2025, for an estimated $8,832,213
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.
$RSI Analyst Ratings
Wall Street analysts have issued reports on $RSI in the last several months. We have seen 6 firms issue buy ratings on the stock, and 0 firms issue sell ratings.
Here are some recent analyst ratings:
- Benchmark issued a "Buy" rating on 09/08/2025
- Needham issued a "Buy" rating on 07/31/2025
- Oppenheimer issued a "Outperform" rating on 07/31/2025
- Susquehanna issued a "Positive" rating on 07/30/2025
- Jefferies issued a "Buy" rating on 07/03/2025
- Macquarie issued a "Outperform" rating on 05/02/2025
To track analyst ratings and price targets for $RSI, check out Quiver Quantitative's $RSI forecast page.
$RSI Price Targets
Multiple analysts have issued price targets for $RSI recently. We have seen 8 analysts offer price targets for $RSI in the last 6 months, with a median target of $18.5.
Here are some recent targets:
- Mike Hickey from Benchmark set a target price of $24.0 on 09/08/2025
- John Zamparo from Scotiabank set a target price of $6.5 on 08/14/2025
- Bernie McTernan from Needham set a target price of $21.0 on 07/31/2025
- Jed Kelly from Oppenheimer set a target price of $21.0 on 07/31/2025
- Joseph Stauff from Susquehanna set a target price of $19.0 on 07/30/2025
- David Katz from Jefferies set a target price of $18.0 on 07/03/2025
- Daniel Politzer from JP Morgan set a target price of $14.0 on 06/23/2025
Full Release
CHICAGO, Oct. 15, 2025 (GLOBE NEWSWIRE) -- Rush Street Interactive, Inc. (NYSE: RSI) (“RSI”), a leading online casino and sports betting company in the United States and the Americas, today announced the promotion of Kyle Sauers to President, a role he will hold in addition to his current position as Chief Financial Officer.
“Kyle’s promotion reflects RSI’s continued growth and the natural evolution of his leadership,” said Richard Schwartz, Chief Executive Officer. “His strategic insight, operational discipline, and collaborative style have been central to RSI’s success. This new structure allows us to build on our momentum, enabling me to focus more deeply on innovation, online Casino legalization and regulatory advocacy, as well as strategic opportunities, while Kyle continues to maximize the potential of our existing markets through strong execution and operational alignment. Together, our complementary strengths will help us deliver long-term, sustainable growth.”
Mr. Sauers joined RSI as CFO in 2020, playing a pivotal role in building RSI’s Finance organization, guiding strategic decisions, and maintaining a disciplined approach to growth. His contributions have extended well beyond traditional Finance, encompassing marketing, operations, commercial and strategy.
In his expanded position as President and CFO, Mr. Sauers will continue leading RSI’s financial strategy while taking on broader responsibility for day-to-day operations, execution, and cross-functional performance.
“I’m honored to take on this expanded role and continue working alongside our exceptional teams to advance RSI’s mission,” said Sauers. “We have an extraordinary culture grounded in innovation, integrity, and accountability. Together, we’ll continue strengthening our operations, maximizing performance in current markets, and positioning RSI for the next phase of growth.”
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 Latinoamérica 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 .
Media Contact:
Lisa Johnson
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Investor Contact:
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