Rush Street Interactive announces the election of Thomas Winter to its board of directors, enhancing its strategic leadership.
Quiver AI Summary
Rush Street Interactive, Inc. announced the election of Thomas Winter to its board of directors, effective December 16, 2024, bringing the board back to nine members. CEO Richard Schwartz expressed enthusiasm for Winter's extensive experience and strategic vision in the online gaming industry, highlighting his previous leadership roles at Golden Nugget Online Gaming and Betclic. Winter's background includes founding GNOG, where he significantly contributed to its growth and market presence before it was sold to DraftKings. Rush Street Interactive is a prominent online gaming and sports betting company operating in various U.S. states and international markets, recognized for its customer service and responsible gaming practices.
Potential Positives
- The election of Thomas Winter to the board of directors strengthens the company's leadership with his proven experience in the online gaming industry.
Potential Negatives
- The announcement of a new board member may indicate previous gaps in leadership or strategy that the company is seeking to address, highlighting potential weaknesses in the organization.
- Despite the positive tone of the press release, the fact that the company felt the need to expand its board could suggest challenges in meeting its strategic goals without additional expertise.
- Mr. Winter's recent departure from DraftKings raises questions about the circumstances of his exit and whether his previous experience will be fully beneficial or if there are underlying issues that may affect his contributions.
FAQ
Who is Thomas Winter?
Thomas Winter is a seasoned executive with extensive experience in the online gaming industry, recently appointed to the board of directors at Rush Street Interactive.
What is Rush Street Interactive’s primary business?
Rush Street Interactive operates as an online casino and sports betting company, focusing on markets in the United States and Latin America.
When did Thomas Winter join Rush Street Interactive’s board?
Thomas Winter officially joined the board of directors of Rush Street Interactive on December 16, 2024.
What companies did Thomas Winter lead before joining RSI?
Before joining RSI, Thomas Winter served as President of Golden Nugget Online Gaming and CEO of Betclic and Expekt.
What awards has Rush Street Interactive won?
RSI has received multiple awards, including the EGR North America Awards for Customer Services Operator of the Year from 2020 to 2024.
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 18 times in the past 6 months. Of those trades, 0 have been purchases and 18 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 7 times. They made 0 purchases and 7 sales, selling 587,810 shares.
- MATTIAS STETZ (Chief Operating Officer) has traded it 3 times. They made 0 purchases and 3 sales, selling 50,000 shares.
- PAUL WIERBICKI (Chief Legal Officer) has traded it 3 times. They made 0 purchases and 3 sales, selling 62,937 shares.
- KYLE SAUERS (Chief Financial Officer) has traded it 3 times. They made 0 purchases and 3 sales, selling 161,543 shares.
- EINAR ROOSILEHT (Chief Information Officer) sold 150,000 shares.
- JUDITH GOLD sold 150,000 shares.
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 78 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
- CONVERSANT CAPITAL LLC removed 1,683,180 shares (-100.0%) from their portfolio in Q2 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
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.
Full Release
CHICAGO, Dec. 19, 2024 (GLOBE NEWSWIRE) -- Rush Street Interactive, Inc. (NYSE: RSI) (“RSI”), a leading online casino and sports betting company in the United States and the rest of the Americas, today announced that it has elected Thomas Winter to its board of directors, effective as of December 16, 2024. With this addition, the board returns to nine members.
“We are thrilled to welcome Thomas to our board”, said Richard Schwartz, CEO of Rush Street Interactive. “His proven track record in the online gaming industry and his strategic vision will be invaluable as we continue to expand our footprint and enhance our offerings. We look forward to his contributions and are confident that his expertise will help drive our future success”.
Mr. Winter is a seasoned executive with extensive experience in the online gaming industry. He began his career in the gaming sector nearly two decades ago and has since established himself as a leader in the field. In 2013, he founded Golden Nugget Online Gaming (GNOG), where he served as President. Under his leadership, GNOG become a top online gaming operator in New Jersey, achieving significant market share and recognition, went public and was later successfully sold for over $1.5 billion to DraftKings, where he developed their multi-brand online casino strategy and led their online casino business until September 2023.
Before founding GNOG, Mr. Winter was the CEO and director of Betclic, a major European online sports betting and gaming operator, and Expekt, a pioneer brand in the online gaming industry, within the Betclic Group. He played a key role as COO at both businesses before being appointed CEO.
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 in Chicago 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 .
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