Ding! Ding! Ding!
The bell rings and the motion begins.
Whether or not contained in the boxing ring or on the inventory buying and selling ground, the bell begins all of it.
And that’s precisely what is going to occur on Tuesday, when Rush Road Interactive‘s management staff, together with its Board of Administrators and another RSI workers will ring the well-known bell to start out the day’s buying and selling on the New York Inventory Alternate.
Rush Road Interactive, the mother or father firm of Rivers On line casino in Pittsburgh and Sugar Home/Rivers Philadelphia, formally launched on the NYSE on December thirtieth following a merger with particular function acquisition firm dMY Know-how Group Inc.
Now, the group can have a good time all of the exhausting work that went into the general public providing with the symbolic ringing on Wall Road.
“This ceremony is a tribute to our unimaginable staff, buyers and companions who all made today attainable,” mentioned Greg Carlin, Chief Govt Officer of RSI in a information launch offered by the corporate.
Rush Road’s Bell Ringing might be broadcast stay on the net
The NYSE will stay stream The Opening Bell® ringing on its web site (https://www.nyse.com/bell) starting at 9:29 am Jap Time Tuesday.
Rush Road Interactive acquired its begin not removed from Wall Road. The corporate launched its first on-line on line casino in New Jersey in 2016 and has been on an upward trajectory ever since. RSI’s BetRivers website was the primary regulated on-line gaming website in Pennsylvania. The model was additionally the primary to enter the market in Indiana, Colorado and Illinois.
The corporate additionally earned some additional shine this yr with a trio of awards. RSI was named the 2020 World Gaming Awards Digital Operator of the Yr. It additionally gained the On line casino Operator of the Yr and Buyer Service Operator of the Yr on the EGR’s North America Awards.
Rush Road’s inventory has additionally been performing nicely. The early variations of the inventory traded beneath $10 this yr, however that worth has greater than doubled because it efficiently navigated its strategy to a full public providing. RSI closed Monday at $20.52.
The Golden Nugget stock also went public December 30
Another gaming entity went public on the same day as RSI, as Golden Nugget Online Gaming (GNOG) landed on the NASDAQ stock market. The Golden Nugget stock also used the SPAC route, led by Houston Rockets owner Tilman Fertitta. Fertitta helped transition Landcadia Holdings II to the public GNOG offering on December 30.
Interestingly enough, Golden Nugget is also likely to land in Pennsylvania at some point. Golden Nugget is a leading online casino operator in neighboring New Jersey and was able to apply for a license in Pennsylvania as well.
The company was approved by the Pennsylvania Gaming and Control Board in January of 2019, along with MGM. Golden Nugget paid a total of $8 million ($4 million each) to offer online table games and slots in Pennsylvania.
Pennsylvanians can soon play Golden Nugget’s online games
Now, all that’s left is for Golden Nugget’s online casino games to go live in the Keystone State. And with the public stock offering complete, that should be a major focus for the company. An exact date for that launch is still uncertain, but it grows nearer every day.
On Tuesday, it will be RSI taking the biggest bow as the company rings the famous New York stock exchange bell. But it’s been a busy year for both Rush Street and the Golden Nugget gaming entities.
Their stocks are both public now. Both will be traded on Tuesday.
Rush Street will ring the bell and the action will begin.
But it won’t end there.
Lead image credit: AP Photo/Seth Wenig