DMYT Stock and Rush Street Interactive (RSI) announced on July 27, 2020 their intentions to merge. In this video I would be discussing about the merger, and analyze RSI’s business and DMYT stock.

There has been several private companies looking to go public through a reverse takeover of a special purpose acquisition company (SPAC), and Rush Street Interactive is no exception. On July 27, 2020, it was announced that dMY Technology Group and Rush Street Interactive intends to merge and form Rush Street Interactive, Inc. (RSI), resulting RSI becoming a publicly traded company on the NYSE. In this video, I’ll be discussing about RSI. I will first provide a brief introduction about the company, what they do, and how they earn income, then I will analyze the company qualitatively, followed by a quantitative analysis, looking at the company’s financials and valuation. I will then conclude on whether I think the shares of the company is a buy at its current price and whether I own any shares in this business myself.

Time Stamp
Introduction: 0:00
Company overview: 1:16
Qualitative analysis: 2:35
Quantitative analysis: 9:34
Conclusion: 14:27

Rush Street Interactive (RSI) was founded in 2012 by gaming industry veterans Neil Bluhm, Greg Carlin and Richard Schwartz, RSI is a market leader in online casino and sports betting in the United States.

RSI currently operates online gaming sites in Illinois and Pennsylvania, the two largest populated U.S. states that have legalized online gaming and here a scarcity of online gaming licenses also exists, as well as in New Jersey, Indiana, and Colorado.

The Company launched its first online gaming casino site, PlaySugarHouse.com in New Jersey, in September 2016 and subsequently became the first online gaming company to launch online sports wagering in Pennsylvania, Indiana, Colorado and, most recently, Illinois. Additionally, RSI is the first U.S. based gaming operator to launch a legal and regulated online sportsbook on a national basis in Latin America. RSI only operates in legal and regulated markets.

The Company’s proprietary, innovative iGaming platform provides a rich and differentiated user experience, and a wide range of specialized bonusing tools. RSI offers premier in-game and live event streaming and expects to launch a new iOS sportsbook app later this year.

And they run their online casino and sports betting through BetRivers.com, playsugarhouse.com, and rushbet.co

Sources:
https://www.morningstar.ca/ca/
https://ca.finance.yahoo.com/
https://finviz.com/
https://www.sec.gov/
https://rushstreetinteractive.com/
https://www.dmytechnology.com/
https://en.wikipedia.org/wiki/Neil_Bluhm
https://www.marketwatch.com/press-rel...
https://www.globenewswire.com/news-re...

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#DMYT #RSI #RushStreet

DMYT, DMYT Stock, dMY Technology, RSI, RSI Stock, Rush Street Interactive, Rush Street, SPAC, special purpose acquisition company, NYSE, DKNG Stock, DKNG, Golden Nugget, LCA, Online game, casino, gambling, igaming, Sportsbetting, Neil Bluhm, Greg Carlin, Richard Schwartz, Social Gaming

Email: [email protected]

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I've been investing in the market for six years now and I really enjoy reviewing and analyzing stocks and picking the right ones for my investment portfolio. My main approach to investing is looking for companies that have growth at reasonable valuations. In addition, I analyze companies looking at both quantitative and qualitative aspects. I invest in both the Canadian and US market. I started this channel with the hope of sharing my research and analysis with everyone and providing some investment ideas to those looking to invest and guidance to those who just started investing. If you're interested in my research and analysis please make sure you subscribe and click the notification bell.

Disclaimer: Please note this video is for entertainment purpose only and all opinions are of my own and is not financial or investment advice. Please ensure you speak with your financial advisor and consider your risk tolerance before making any financial or investment decisions.