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Rush Street Interactive initiated with a Buy at B. Riley Securities B. Riley Securities initiated coverage of Rush Street Interactive with a Buy rating and $25 price target.
https://thefly.com/landingPageNews.php?id=3254552&headline=RSI-Rush-Street-Interactive-initiated-with-a-Buy-at-B-Riley-Securities
Although I believe we will go up today!
Yes budget this always seems to happen to all companies. 3 weeks ago investors couldn’t buy enough RSI shares @ over $20, now they are not moving @ $16. And only good things are coming from them. The market is much like musical chairs. LOL!
https://sportshandle.com/texas-sports-betting-bill-ballot-question/
That deal also allowed Rush Street Interactive reciprocal rights to potentially enter Texas through similar second-skin access. Huberty’s bill, however, does not appear to offer the opportunity for each licensee to launch two (or more) online sportsbook brands. “The interactive sports wagering operator shall only be permitted to hold out its sports wagering platform to the public under one brand,” the bill reads.
Rush Street Interactive (NYSE:RSI), which operates online casino and sports betting gaming companies in the US was the first gaming company to launch a regulated online gaming site in Pennsylvania. The company attracted a bit of attention after it partnered with Pariplay Ltd, part of The Aspire Global Group, due to the fact that the partnership would make it the first online casino operator in the country to offer the group's assortment of high-quality online casino games on its platform. The company boasts of being one of the fastest growing i-gaming platforms and will now operate in nine states after recently launching its flagship sportsbook betrivers.com in Virginia.
https://newsfilter.io/articles/increased-support-for-online-gaming-could-give-industry-a-boost-ed8a152a5aa0debad93f140f916a8b3e
NEW YORK, Feb. 24, 2021 /PRNewswire/ -- The gaming industry has come a long way over the past couple of decades, fueled by new technological advancements like AR\VR, rising smartphone adoption, as well as changing gamer preferences. The rise of online gaming has been especially interesting to watch from an investor perspective as it has been one of the major driving forces in the industry's exponential growth. In addition to this, gradual changes in regulations that have allowed online gambling to become legal in some US states have been instrumental in bolstering the industry's future prospects. With Google now increasing its support for online gaming, companies like 888 Holdings (OTCPK: EIHDF), Penn National Gaming (NASDAQ:PENN), Rush Street Interactive (NYSE: RSI), DraftKings Inc (NASDAQ: DKNG), and Bragg Gaming (TSX:BRAG) (OTCQX:BRGGF) seem extremely well positioned to benefit from this move.
Google Allows Online Gambling Apps Back into the Play Store
Google recently announced that it would be making changes to its Play Store policies that would allow online gambling and betting apps in the US and 15 other countries by March 1, 2021. Online casino games, lotteries, sports betting, and daily fantasy sports are all included in the new policy, and since Bragg Gaming (TSX:BRAG) (OTC:BRGGF) offers all these services in addition to a turnkey mobile and online i-Gaming platform, Google's policy change ties in well with its short-term plans of expanding throughout North America.
https://newsfilter.io/articles/increased-support-for-online-gaming-could-give-industry-a-boost-ed8a152a5aa0debad93f140f916a8b3e
Everyone got hammed yesterday! I am holding! On line casino and sports betting is what the people want.
Budget my guess is that although Rush Street Interactive had a positive 3rd Q report they still did not have numbers from a quarterly report as required by the NASDAQ; where each company must publish the details of a report so that shareholders are aware of the company's performance, in compliance with the Rules and Regulations of the SEC. These strict requirements are not required by a private company. So until RSI provides NASDAQ reporting requirements they are not taken seriously resulting in the SP going up and down regardless of the company’s positive news. I am sure they will pass this test but the stock market wants to see it. We all will maybe next week. (Benzinga suggests March 3, 2021)
https://www.benzinga.com/quote/RSI
I still see this on Benzinga
Earnings
see more
Q1 2021 Est. Actual Surprise
EPS
(EXPECTED) 2021-05-20
REV
Q4 2020 Est. Actual Surprise
EPS
(EXPECTED) 2021-03-05
REV
https://www.benzinga.com/quote/RSI
I think it will turn positive today. A partnership with PENN is big. Not just the size of this one but it shows what’s to come. The best companies will join and form a few super companies. I see RSI in that mix! Right now the MM’s are doing what they do; letting their friends escape before the numbers come out!
Yes deke you have been calling it from the beginning.
“RSI has entered into a strategic partnership agreement with Penn National Gaming, Inc. (NASDAQ: PENN) ("Penn National"). Under the terms of the agreement, RSI will have the ability to offer its award-winning BetRivers.com real-money online casino and sports betting platform for up to 20 years in Ohio, Maryland and Missouri through potential second skins in each of those states, subject to license availability, state law and regulatory approvals. Upon and following the launch of the skins, RSI will compensate Penn National with industry-standard payments for market access.”
https://www.yahoo.com/now/rush-street-interactive-secures-online-131500690.html
I hate it but it is part of the market. If the company is good they will survive! Maybe! LOL!
The tide is turning!
I found this budget!
Earnings
Q4 2020 Est. Actual Surprise
EPS
REV (EXPECTED) 2021-03-02
https://www.benzinga.com/quote/RSI
“MAJOR NJ GAMBLING BARRIER BROKEN IN JANUARY NUMBERS — BUT IT’S NOT SPORTS BETTING HANDLE”
BY JOHN BRENNAN ON FEB 17, 2021
“After coming oh-so-close to a milestone in December 2020, the ceiling was finally broken in January 2021.”
“Yes, New Jersey online casino gaming revenue — which was $99.5 million in December — climbed across the $100 million mark to $103.8 million, nearly double the $55.1 million collected in January 2020.”
https://www.njonlinegambling.com/nj-gambling-barrier-broken-january-2021-numbers/
“Online sportsbooks and casinos generated $115M in sports bets during just ten days of action in January.
Combined with the state's retail handle, Michigan's sportsbooks are off to the best start of any state that offers both online and retail sportsbooks, per PlayMichigan analysts.
Also of note, online casinos generated $29.4M in gross receipt during the same ten days.
"The circumstances for Michigan's online launch could not have been better ahead of two of the biggest sports betting holidays of the year," notes Dustin Gouker on the strong start.
FanDuel (OTCPK:PDYPY), DraftKings (NASDAQ:DKNG), William Hill (OTCPK:WIMHY), Barstool (NASDAQ:PENN), PointsBet (OTCQX:PBTHF), BetRivers and BetMGM (NYSE:MGM) were some of the notable online sportsbooks to open in January in Michigan.”
https://seekingalpha.com/news/3662989-draftkings-barstool-and-fanduel-off-to-a-blazing-sports-betting-start-in-michigan
Rush Street Interactive, Inc. (RSI)
Updated Feb 17, 2021 02:40 PM ET
Zacks Rank: More Info
This is our short term rating system that serves as a timeliness indicator for stocks over the next 1 to 3 months. How good is it? See rankings and related performance below.
Zacks Rank Definition Annualized Return
1 Strong Buy 24.41%
2 Buy 17.88%
3 Hold 9.48%
4 Sell 5.03%
5 Strong Sell 1.87%
3-Hold
https://www.zacks.com/stock/quote/RSI/options-chain
The short interest ratio, also known as the "days to cover ratio", is calculated by dividing the number of shares of a stock sold short divided by its average trading volume. A short interest ratio ranging between 1 and 4 generally indicates strong positive sentiment about a stock and a lack of short sellers. A short interest ratio of 10 or greater indicates strong pessimism about a stock. Rush Street Interactive currently has a short interest ratio of 4.0.
https://www.google.com/search?q=is+rush+street+interactive+being+shorted&rlz=1C1CHBH_enUS872US872&oq=is+rush+street+interactive+being+shorted&aqs=chrome..69i57.33969j1j15&sourceid=chrome&ie=UTF-8
Yes budget I too am stressed. RSI is going down but it seems of no fault of their own. It is clear the market is tricky. It is hard to figure it out. I got in @ $11.64 so I have a cushion. It seems RSI is doing the right things except for not announcing the earnings date. I trust they have a good reason. But there is a point where I will lose that trust; time will tell!
Yes they seem to be holding down Penn and DraftKings also. Institutions buying RSI gives me confidence. Numbers coming out for all the online gambling stock should turn things around.
2 More 13GS statements today.
February 16, 2021
Form
SC 13GStatement of Ownership
pdf Format Download (opens in new window)
word Format Download (opens in new window)
excel Format Download (opens in new window)
February 16, 2021
Form
SC 13GStatement of Ownership
https://ir.rushstreetinteractive.com/financials/sec-filings/default.aspx
DATA AS OF FEB 16, 2021 2:23 PM ET
Ownership Summary
Institutional Ownership 63.76 %
Total Shares Outstanding (millions) 45
http://www.nasdaq.com.
Form SC 13G/A Integrated Core Strategies
[Amend] Statement of acquisition of beneficial ownership by individuals
“Entity beneficially owns 5% or greater of the outstanding shares of the security class being reported on this Schedule 13G.”
Item 4. Ownership
(a) Amount Beneficially Owned: 6,288,201
(b) Percent of Class: 14.429%
Item 1: Reporting Person - Abigail P. Johnson
Abigail P. Johnson is a Director, the Chairman and the Chief Executive Officer of FMR LLC.
About Abigail P. Johnson
“Abigail P. Johnson is an American billionaire businesswoman. Since 2014, Johnson has been president and chief executive officer of American investment firm Fidelity Investments, and chairman of its international sister company Fidelity International. Wikipedia
Net worth: US$ 15 billion (September 2020)”
I too am sitting on a nice pile @ $11.64 and I will wait!
Yes many positive things happened and the SP still dropped. What helps me hold is that all stocks are getting hammered. We have all seen this before. The market will go back up!
New Purchase: Rush Street Interactive Inc. (RSI)
William Blair Investment Management, Llc initiated holding in Rush Street Interactive Inc. The purchase prices were between $21.51 and $21.65, with an estimated average price of $21.58. The stock is now traded at around $21.880000. The impact to a portfolio due to this purchase was 0.14%. The holding were 1,905,288 shares as of 2020-12-31.
February 09, 2021
https://www.gurufocus.com/news/1353787/william-blair-investment-management-llc-buys-biotechne-corp-10x-genomics-inc-zendesk-inc-sells-irhythm-technologies-inc-exact-sciences-corp-transunion
Jerome Bettis, One Of The Greatest Running Backs In NFL History, Joins BetRivers As Brand Ambassador
January 8, 2021
PITTSBURGH, Jan. 8, 2021 /PRNewswire/ -- Today, BetRivers.com is proud to announce an exclusive content deal with Jerome Bettis, one of the greatest running backs in NFL history and one of the most iconic athletes in Pittsburgh sports history.
Bettis is now bringing his winning ways to Rush Street Interactive, Inc. (“RSI”) (NYSE: RSI), one of the fastest growing online casino and sports betting gaming companies in the United States, as part of the BetRivers.com “Bet with a Winner” campaign.
https://apnews.com/press-release/pr-newswire/business-sports-nfl-lifestyle-super-bowl-7b98945ca4d9a1979b73c8a4dc7fec86
RSI is waking up!
“Pariplay Announces Landmark Expansion into New Jersey via Partnership with Rush Street Interactive”
February 04, 2021
https://pariplayltd.com/pariplay-announces-landmark-expansion-into-new-jersey-via-partnership-with-rush-street-interactive/
Yes, 2 million volume and still going up after hours! It was a scary ride but it was clear the drop had nothing to do with RSI.
The Sun is shinning again!
Is it OK to come out of the bunker! LOL!
Rush Street Interactive initiated with an Outperform at Oppenheimer Oppenheimer analyst Jed Kelly initiated coverage of Rush Street Interactive with an Outperform rating and $25 price target. The analyst believes internet gaming is experiencing "similar regulatory tailwinds as online sports betting but appears under-appreciated by investors. Through its "strong competencies" in product development and smart bonusing, Rush Street represents a "compelling opportunity for investors to benefit from the rapidly growing legalized iGaming market," Kelly tells investors in a research note.
https://thefly.com/landingPageNews.php?id=3236441&headline=RSI-Rush-Street-Interactive-initiated-with-an-Outperform-at-Oppenheimer
I think investors will realize that this new sector of sports betting and online gambling will be a big money maker. Money will be made 24/7 but there is no manufacturing, no ware house storage of products, no shipping and delivering and no product ageing. The product is just an agreement. That means few employees. Their overhead will be very low. Just the expense of licenses and contracts and each one will increase their profit. This is a special concept that will make billions and fortunes for the investors who see this especially the early investors. The only ones who will lose are the local bookies! LOL!
The DOW was down 500 points today. It is still down 300 points now. I think RSI is somewhat resilient. People will always gamble. LOL!
Richard Schwartz, president of RSI. “Our leadership position in the markets in which we operate, including the two largest states with legalized online gaming, Pennsylvania and Illinois, where we were #1 in 2020, is a testament to the strength of the BetRivers.com brand and betting platform.”
https://rushstreetinteractive.com/rush-street-interactive-to-launch-betrivers-com-online-sportsbook-in-virginia-tomorrow/
Virginia to Become the Ninth State Where RSI Operates Sports Betting!
Rush Street Interactive to Launch BetRivers.com Online Sportsbook in Virginia Tomorrow
Virginia to Become the Ninth State Where RSI Operates Sports Betting
https://rushstreetinteractive.com/rush-street-interactive-to-launch-betrivers-com-online-sportsbook-in-virginia-tomorrow/
I have 21 stocks on my watch list and they are all down big!