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Rush Street Interactive and dMY Technology To Host Joint Conference Call To Discuss Proposed Business Combination
PR Newswire PR Newswire•August 12, 2020
“CHICAGO, Aug. 12, 2020 /PRNewswire/ -- Rush Street Interactive, LP ("RSI" or the "Company"), one of the fastest-growing online casino and regulated online gaming companies in the United States, and dMY Technology Group, Inc. (NYSE: DMYT.U, DMYT and DMYT WS) ("dMY"), a publicly traded special purpose acquisition company, today announced that they will host a joint conference call to review their recently announced proposed business combination. "We are very excited by the opportunity to partner with RSI which is a leader in online casino revenue, a segment that has the potential to be a bigger market than sports betting," said Niccolo de Masi, co-founder and CEO of dMY.
Investor Conference Call Information
The investor conference call will be held tomorrow, Thursday, August 13, 2020 at 8:30 a.m. ET.
Interested parties may listen to the call via telephone by dialing 1-877-407-4018, or for international callers, 1-201-689-8471. A telephone replay will be available from 11:30 a.m. ET on Thursday, August 13, 2020 and can be accessed by dialing 1-844-512-2921, or for international callers, 1-412-317-6671 and entering replay PIN number: 13708383.”
https://finance.yahoo.com/news/rush-street-interactive-dmy-technology-120000107.html
Something is up. DMYT is starting to pop; it is up .34 at 9:40 AM!
"DMYT Form SC 13G (statement of acquisition of beneficial ownership by individuals) filed with the SEC"
https://stocktwits.com/Newsfilter/message/235002683
https://sec.report/Document/0000315066-20-001682/
“Today, Rush Street is comprised of several full-service casinos, internet gaming, myriad of restaurants, multiple hotels, television production and more. What thematically connects all Rush Street business units is our destination-based gaming, entertainment and recreation value proposition.
Rush Street is also one of the fastest-growing gaming companies in North America, launching four casinos in four years within the past decade. Rush Street and its affiliates have invested more than $3 billion of capital and created more than 9,000 jobs.”
https://rushstreetgaming.com/our-story/
“Rush Street Interactive, the online gambling division of Chicago-based casino operator Rush Street Gaming, was the first US gaming company to have been licensed to operate in Latin America and launch a regulated operation in the region.
Rush Street Interactive now runs the RushBet.co sports betting and casino website in Colombia’s regulated iGaming market.”
https://www.casinonewsdaily.com/2020/08/03/habanero-ramps-up-latam-presence-with-rush-street-interactive-deal/
“Habanero strikes Rush Street Interactive deal”
“Habanero has announced an agreement with Rush Street Interactive (RSI), the first United States-based gaming operator to launch a legal and regulated online sportsbook on a national basis in Latin America and a market leader in online casino and sports betting in the United States.”
https://www.casinointernational-online.com/habanero-strikes-rush-street-interactive-deal/
“Large US online opportunity for RSI”
“RSI operates in 97% of target US markets, by population where online sports and/or online casino is legal.”
“RSI is one of a limited number of operators that has market access to NY, PA and IL.”
https://www.google.com/search?q=dmyt+stock&rlz=1C1CHBH_enUS872US872&tbm=isch&source=lnms&sa=X&ved=2ahUKEwjg6aiGk_fqAhXhmOAKHXH4CocQ_AUoBHoECAoQBg&biw=985&bih=482&dpr=1.95#imgrc=qah2tnnpyzlszM
https://fintel.io/fg/us/dmyt/CommonSharesOutstanding
May 07, 2020 - dMY Technology Group, Inc. (US:DMYT) has filed a financial statement reporting Common Shares Outstanding of $23,000,000 USD.
Very informative!
“Rush Street Aiming To List On The NYSE”
By Ben Hamill - July 30 2020
“What would make Rush Street even more attractive to any special acquisition vehicle is that it controls a fully regulated online casino in the state of New Jersey, which is currently regarded one of the fastest-growing online gaming markets in the United States.
Not only does Rush Street focus on real-money gaming, but it also owns several social casino brands and offerings in several other states – including Pennsylvania, Colorado, Illinois, and Indiana. If any company qualifies to be struck while it’s hot, then Rush Street Interactive certainly makes the cut.”
https://www.gamingpost.ca/canadian-online-casino-news/rush-street-eyes-nyse/
https://www.google.com/search?q=betrivers&rlz=1C1CHBH_enUS872US872&oq=BETRIVERS&aqs=chrome.0.0l7j5.8744j0j8&sourceid=chrome&ie=UTF-8
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Rush Street Interactive looks to be the real deal!
“Another US online gaming brand is going public as BetRivers‘ parent company, Rush Street Interactive, will trade on the New York Stock Exchange.”
https://www.legalsportsreport.com/42892/rush-street-betrivers-public-listing/
“Revenue is up significantly so far this year, which has Rush Street calling the business pandemic-resistant.
As sports betting revenue dropped from March forward because of the lack of sports, online casino revenue growth began. The company had $59.7 million in online casino revenue during the second quarter compared to $23.4 million in the first quarter.”
Me too! I got in @ 11.79 around noon. Everything looks good. The company and the team look to have credentials. It looks like many are watching to see how the stock holds up and of course with the company’s acknowledgement out only 2 days ago many have not gotten the news.
Thanks, good luck!
Yes once you start this game FOMO takes over! LOL!
AC I knew what you said last night was true. It woke me up. Instead of waiting for premarket; I decided not to be greedy and sold everything last night @ $22.70. It is smart to take profits after a large after hours run up normally like you said but I also realized a down market today would take all the profits and we were due for one; it has been up to many days. 17’s are here already. Good call! Thank you for responding to me last night.
Good reasoning!
I am hoping David Klein will prove to make a difference!
Good luck. I am hoping it continues to go up throughout the PM after market and into the AM after market. I will see how they do tomorrow and decide then.
We all understand! Gambling in the market is stressful! There is stress getting in, stress holding and stress getting out. But if you take money out with you it is much better! LOL!
An important point made by a poster on Yahoo is that Constellation Brands announced they increased their ownership of Canopy Growth to 38.6% of the issued and outstanding common shares on May 1st. Their ex CFO David Klein is now Canopy’s CEO so you think they knew everything about Canopy Growth before they reinvested. Also David Klein’s background with Constellation makes him the right CEO to expand Canopy into the new infused Beverages.
Maybe David Klein with the Constellation team can solve that issue.
“The first wave of the Company's ready-to-drink cannabis-infused beverages – Tweed Houndstooth & Soda and Tweed Bakerstreet & Ginger — shipped in March 2020 and April 2020, respectively. Houndstooth & Soda — the first THC-infused ready-to-drink beverage to hit the Canadian market — garnered positive early reviews and strong consumer demand across the country, with further shipments having since been sent to provincial boards and retailers to meet ongoing demand. Canadians can expect to see two additional beverages — Houseplant Grapefruit and Deep Space — available through retail and e-commerce platforms within the coming weeks. "We are proud to see the early responses to our infused beverages," shared CEO David Klein. "Our beverage innovation team took a flavour-first approach with our drinks, and the first four offerings to hit the market demonstrate the range of our portfolio, with flavour profiles that will satiate our consumers' palates. We have said all along that infused beverages were going to be game-changer for our industry and we are excited to introduce this new product category to even more Canadian adult consumers in the coming weeks."
Millions of workers returning to work over the next few weeks will need to be tested. And not just once; some will need to be tested every day or every week. Co-Diagnostics Inc. will be working overtime and probably hiring more workers to fill the millions of orders coming in every day!
Imagine the massive orders before schools open. Every school from preschool to college in the US and abroad will need an ongoing supply of test kits. The orders will be continuous.
OXY facts:
“Institutional investors hold a majority ownership of OXY through the 87.35% of the outstanding shares that they control. This interest is also higher than at almost any other company in the Oil & Gas Production industry. Last, during the quarter ended June 2019, these large investors purchased a net $64.8 million shares.”
https://money.cnn.com/quote/shareholders/shareholders.html?symb=OXY&subView=institutional
“Russian Energy Minister Alexander Novak, speaking to Russian Rossiya-1 TV station, also praised Putin, saying that total output cuts were seen at between 15 and 20 million bpd, including by the United States, Norway and Canada.”
https://www.yahoo.com/finance/news/russia-hails-oil-deal-says-100341256.html
Any assistance is good! Oil workers suffered too.
The President and the Governors are fighting over who will open up the economy. I hope that expedites the opening! It is comforting to know they are anxious. Our industry will be one of the first to gain. Most of the others will be a long slow process.
Thanks for the information. Being that we are holding, when that information gets out we should go up and finally they are talking about reopening the economy that’s the real solution!
It seems to me it is better to start off slow. If the SP shots up premarket the day traders will move in and take the profit.
Of course if we get the “daily double” and exceed a 10M BPD cut and they open the economy next week off we go!
Thanks runningwithscissors. It seems that they will strike a deal. We are all in this together; we all gain or we all lose. If all were in agreement on the determined cuts except Mexico and the US stepped up and agreed to cut more to match the difference then why would it matter to Opec; The barrels cut number will agree with what Opec wanted.
I guess if Buffet takes shares he won’t be selling them any time soon. And if he takes shares that would show his confidence in OXY. Just a guess on my part!
This is a big deal for the world. The Group of 20 energy ministers while negotiating will always hold out for the last minute. No one wants to look like they didn’t try hard enough. That’s politics! I think things are looking up for OXY!
Maybe because this is a once in a life time emergency. We will see!
Trump is hinting a lifting of the shut down around Easter.
“Occidental Seeking Federal Lifeline For U.S. Oil Industry”
https://finance.yahoo.com/news/occidental-seeking-federal-lifeline-u-142721287.html