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Goldman Sachs Group Inc reports 1,060.20% increase in ownership of RSI / Rush Street Interactive, Inc.
2021-05-17 - Goldman Sachs Group Inc has filed a 13F-HR form disclosing ownership of 138,922 shares of Rush Street Interactive, Inc. (US:RSI) with total holdings valued at $2,270,000 USD as of 2021-03-31. Goldman Sachs Group Inc had filed a previous 13F-HR on 2021-02-12 disclosing 11,974 shares of Rush Street Interactive, Inc. at a value of $259,000 USD. This represents a change in shares of 1,060.20 percent and a change in value of 776.45 percent during the quarter.
https://fintel.io/so/us/rsi/goldman-sachs-group
I don’t get it but still holding.
Yes budget they did what we believed they would do! It is moving up in AH. Tomorrow should be nice!
RUSH STREET INTERACTIVE ANNOUNCES FIRST QUARTER 2021 RESULTS AND RAISES FULL YEAR 2021 GUIDANCE
MAY, 13, 2021
- First Quarter Revenue of $111.8 Million, up 218% Year-over-Year -
- Full Year 2021 Revenue Guidance Raised to between $440 and $480 Million -
CHICAGO--(BUSINESS WIRE)-- Rush Street Interactive, Inc. (NYSE: RSI) (“RSI”), a leading online casino and sports betting company in the United States, today announced financial results for the first quarter ended March 31, 2021.
https://ir.rushstreetinteractive.com/news/news-details/2021/Rush-Street-Interactive-Announces-First-Quarter-2021-Results-and-Raises-Full-Year-2021-Guidance/default.aspx
I am still here budget. The market is treating all badly. DraftKing and PENN are being hammered. We all know that online betting and gambling will be a lucrative business. The market will eventually have to acknowledge that. I am holding for that payday!
They can’t hold us down for ever deke. LOL!
May 06, 2021 04:15 PM Eastern Daylight Time
CHICAGO--(BUSINESS WIRE)--Rush Street Interactive, Inc. (NYSE: RSI) (“RSI”) today announced that it will release its first quarter 2021 results after the market close on Thursday, May 13, 2021, followed by a conference call at 5:00 pm Eastern Time (4:00 pm Central Time) to discuss the results.
https://www.businesswire.com/news/home/20210506005884/en/Rush-Street-Interactive-Announces-First-Quarter-2021-Earnings-Release-Date
Yes budge, what gives me confidence is that all the gambling stock have also been brought down even Penn and DraftKings! Let’s hope it turns tomorrow!
Enjoy your evening too!
I am still here waiting and holding all my shares!
April 28, 2021 04:15 PM Eastern Daylight Time
CHICAGO--(BUSINESS WIRE)--Rush Street Interactive, Inc. (NYSE: RSI) ("RSI") today announced that it has been named to the shortlist of nominees in multiple categories for the EGR North America Awards 2021. RSI is included in four ‘best of’ categories including ‘Operator of the Year,’ one of the most prestigious recognitions in the online gaming industry. RSI is also nominated as ‘Casino Operator of the Year’, ‘Customer Services Operator of the Year’ and ‘Social Gaming Operator of the Year.’
https://www.businesswire.com/news/home/20210428006092/en/Rush-Street-Interactive-is-Shortlisted-as-%E2%80%98Operator-of-the-Year%E2%80%99-Among-Other-%E2%80%98Best-of%E2%80%99-Categories-at-the-EGR-North-America-Awards-for-2021
Yes but now it is going back up finally! I guess the MM’s have to keep the day traders from taking the money by being inconsistent. Only longs like us are patient!
Rush Street Interactive shares are trading higher after Needham initiated coverage on the stock with a Buy rating and announced a price target of $22 per share.
Benzinga Newsdesk , Benzinga Staff Writer FOLLOW
April 27, 2021 7:50am
https://www.benzinga.com/wiim/21/04/20809485/rush-street-interactive-shares-are-trading-higher-after-needham-initiated-coverage-on-the-stock-with
It looks like things are changing!
TALLAHASSEE — "More than half of all states now allow some form of legal sports betting, and if a proposal which has been agreed to in principle between the Seminole Tribe of Florida and the state gets approved by the Legislature in the next week, Florida could be added to that list and at least $500 million could be added to the annual budget."
https://www.tampabay.com/news/florida-politics/2021/04/22/sports-betting-may-be-heading-to-florida-in-deal-agreed-to-by-desantis-seminole-tribe/
Thanks budget, good to see you still here. It was an unbelievable month but it was clear RSI was doing good and not being rewarded.
It seems the Market Makers didn’t understand the success the online gambling companies would have so they had to bring them down (for the last month) to load up like they should have the first time. If just RSI went down there might be a problem but when all the online gambling stocks went down, even as they were getting upgrades and their target prices increased, it is clear something is up. I am still here and didn’t sell a share.
BetRivers.com Launches Its Award-Winning Online Casino in West Virginia
CHICAGO--(BUSINESS WIRE)--Apr 12, 2021--
Rush Street Interactive, Inc. (NYSE: RSI) ("RSI"), a leading online casino and sports betting company in the United States, today announced the launch in West Virginia of its flagship brand and award-winning online casino platform, BetRivers.com, in West Virginia.
https://www.citizentribune.com/news/business/betrivers-com-launches-its-award-winning-online-casino-in-west-virginia/article_52a60775-bd56-5800-84f7-2efcc7a09b2a.html
BetRivers Now Available In The Google Play Store
The BetRivers Android app is now available in the Google Play store for the following states:
Colorado
Iowa
Indiana
Pennsylvania
https://www.gamingtoday.com/news/betrivers-update-google-play-store-launch-ios-improvements-new-bonus-offers/
This was overlooked!
"Both the online casino market and New York sports betting have been granted to Penn National per the RSI partnership. The partnership allows Penn Interactive second skin access to RSI operations.
The partnership works both ways, as RSI used this strategic partnership to launch in new markets as well. Rush Street was able to get access to the eventual markets of Ohio,
Maryland and Missouri."
https://www.legalsportsbetting.com/news/penn-national-rsi-partner-for-barstool-sportsbook-in-ny/
2021 NCAA Division I Men’s Basketball Championship Final Four Tips Off Saturday, April 3, on CBS
Final Four — 5 p.m. ET start on Saturday, April 3
NCAA championship game — 9 p.m. Monday, April 5
Full Year 2020 Financial Highlights
· Revenue was $278.5 million during full year 2020, an increase of 337%, compared to $63.7 million during full year 2019.
· Net loss was $138.8 million during full year 2020, compared to a net loss of $22.5 million during full year 2019.1
· Advertising and promotions expense was $56.5 million, or 20% of revenue, during full year 2020, compared to $28.3 million during 2019.
· Adjusted EBITDA2 was $4.4 million during full year 2020, compared to $(7.8) million during full year 2019.
· MAUs in the United States for the full year 2020 were up 165% year-over-year, with ARPMAU of $341 during the year.
· According to Eilers & Krejcik, RSI’s U.S. online casino was the second largest online casino operator as measured by GGR for the full year.
Volume: 3,160,892
RSI Institutional Ownership Rush Street Interactive, Inc.
Institutional Owners 111
Shares Outstanding 44,793,002 shares
Institutional Shares 36,774,127 - 82.10% (ex 13D/G)
Institutional Value $ 783,123 USD ($1000)
https://fintel.io/so/us/rsi
March Madness has started and 2021 baseball season starts April 1st. This has to be good for RSI! Games every day!
RSI Institutional Ownership 63.97 %
DATA AS OF MAR 19, 2021 10:28 AM ET
https://www.nasdaq.com/market-activity/stocks/rsi/institutional-holdings
Yes budget it is fun counting the money! And it will only get better! We made a good choice with RSI!
From earnings report.
RSI has submitted applications to have its sportsbook and casino apps available for download in the Google Play Store for Android users in connection with Google’s decision to permit use of real money gaming apps in the United States for the first time.
Continued to increase investments in technology and product development with a significant upgrade of our existing IOS app in sportsbook-only markets (IL, IA, CO, VA) planned for early Q2 2021 and the launch of a brand new IOS app in casino and sportsbook markets (PA, MI and NJ) during the second half of 2021.
https://www.businesswire.com/news/home/20210310005906/en/Rush-Street-Interactive-Announces-Fourth-Quarter-and-Full-Year-2020-Results
Yes budget today is that day!
We was right budget!
Hard to believe! It must be the stock market. It would be a mistake for me to get out now. I think the situation at the White House is scaring investors. On line Casinos and sports betting is proving to be a winner. It is my opinion that the market will return. And Rush Street will have a positive report on Wednesday! I will be here waiting!
Nice volume today! 1,218,861!
Have a good evening!
Not bad; PENN and DKNG went down big. RSI is tightening up as we get close to earnings report next Wednesday.
It seems to be holding up good today!
Have a great day budget! The stress should be over. LOL!
Yes budget the tide is changing. You did well during the bad times. Now the SP should go back up where it belongs; only 7 business days until Rush Street reports. If it is true that they were held down the move up should be substantial!
You too! Let’s hope for a better week next week!
Good play budegt! I hope they are not holding us down till the report; eight more business days. I will hold until next year if I have to. LOL!
Did you see we went down .59 at close but went up .50 after hours? Something is going on!
Yes GL budget. On line casinos and sports betting is just starting and we are in early. It seems like a perfect stock. Money will be made because people love to gamble and the house always wins. Also there is no product to grow or make; no planes or trucks to deliver; no warehouses to store; no products to age or become out dated. Money is transferred electronically. In fact it is growing every month with more states going legal. And there will be more sports and events to be included. People can play at home; at work at the beach, almost anywhere. It seems like the perfect product!
Go RSI and on line casinos and sports betting!
Good move budget! I am doing my part by not selling any shares. PENN also got an upgrade today to $140 TP and they went down $10.65. We are being tested!