BetRivers‘ parent company, Rush Street Interactive, made it clear that it is concentrating its efforts on its customers’ casino experience and developing technology that is years ahead of the competition.
Player Experience Paramount
Rush Street Interactive (RSI) CEO Richard Schwartz spoke at the Craig-Hallum 5th Annual Online Gaming Conference last week and revealed his company’s strategy in the fiercely competitive world of online sports betting and casino gambling.
Schwartz said his company has “really compelling, unique, never-before-seen” advancements in the gaming industry that will distinguish RSI and BetRivers from their competition.
The company is bolstering its efforts to augment its state-of-the-art iGaming platform with even more high-tech upgrades. Schwarts believes that the player experience is paramount and wants to be considered a first option when it comes to online casino gambling.
Schwartz considers his company’s in-house developers’ product vastly superior to other companies that he refers to as third-party publishers. Rush Street’s President & CFO, Kyle Sauers, echoed those sentiments and believes that his company retains customers because of the effort they put into their products.
BetRivers Booming in Delaware
Delaware’s sports betting market had been stagnant for years, with 888 Holdings enjoying a monopoly that it had held since 2013. However, in 2023, when its contract was up, it withdrew from the bidding competition, and Rush Street Interactive was the only company left bidding on the contract.
RSI signed a five-year agreement and a series of one-year terms thereafter for a maximum of five additional years to provide online gaming services under its BetRivers brand. BetRivers’ revenue growth in Delaware is up 74% over last year.
The gross revenue annual run rate was more than $160 million, which was nine times as much as 888 Holding’s best quarter.
