Net loss was $18.9m during the third quarter of 2021, compared to a net loss of $26.5m for the prior-year period. As of 30 September 2021, RSI had $347m of unrestricted cash and cash equivalents.
Richard Schwartz, CEO of RSI, said: "We are very encouraged by the ongoing execution of our business strategy across the entire organisation. New market access and launches have continued to be a significant driver of our overall success. In addition to growing our current markets, we have worked to expand our bet offerings to existing customers.”
The report highlighted several recent business events, including the launch of the PlaySugarHouse online sportsbook in Connecticut (along with four of the 15 planned retail sportsbooks), the partnership with the Arizona Rattlers (thanks to which online sports betting went live in Arizona), entry to the Canadian market with the launch of the social gaming platform, Casino4fun,and being selected as one of the New York’s nine operators to receive a licence to offer mobile sports wagering in the state.
The report additionally referenced the exclusive partnership with Magic City Jai-Alai to offer sports betting, and the launch of the BetRivers and PlaySugarHouse branded live-casino studios in Pennsylvania and New Jersey.
