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Benzinga

Business

Shivani Kumaresan

EXPLAINED: Rush street interactive expands into mexico via partnership with grupo multimedios - The Real Truth

Mexico Rush Street Interactive Latin America NYSE

Rush Street Interactive (NYSE:RSI) has entered into an exclusive partnership with Mexican media conglomerate Grupo Multimedios to bring its online gaming platform to Mexico. The financial terms of the 25-year agreement were not disclosed.
Under the arrangement, Rush Street will operate online casino and sports betting countrywide in close partnership with Grupo Multimedios.
Grupo Multimedios' subsidiary holds a license to operate online gaming in Mexico.
The partnership is expected to enable Rush Street to leverage Grupo Multimedios' media assets and distribution channels for promotional and content integration purposes.
The companies expect to launch operations in the second quarter of 2022.
"We look forward to leveraging the infrastructure, operations team, and relationships developed during our five years of business in Latin America as we expand our best-in-class online gaming platform to a growing Mexico market," said CEO Richard Schwartz.
Price Action: RSI shares traded higher by 8.80% at $9.64 on the last check Monday.

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