Kambi, Rush Street Interactive extend sportsbook partnership

Companies have worked together since 2018

Rush Street Interactive (RSI) and Kambi have extended their long-term sportsbook partnership across their shared markets in the Americas, including Ontario.

Kambi has provided its sportsbook platform, as well as core trading and risk management services, for RSI’s proprietary online gaming platform since 2018.

As well as Canada’s only regulated online sports betting market, the sportsbook is available in 15 U.S. states and several Latin American countries, including Colombia, Mexico and Peru.

The technology provider’s platform supports RSI’s operations across numerous digital channels, including websites and mobile applications.

“RSI always likes to put our players first and offer them high-quality and memorable betting experiences,” said RSI CEO Richard Schwartz. “Our partnership with Kambi has allowed us to do this, as they provide us with the core betting functionality to offer our players a robust and comprehensive sportsbook, while enabling RSI to build and integrate our own unique and innovative sports betting features and capabilities on top of the Kambi platform.

“We are pleased to have this extension with Kambi so we can continue to execute on our strategy of pairing a market-leading sportsbook platform with RSI’s ability to pioneer fun, new to the industry, betting experiences for our players.”

“We are delighted to extend our partnership with RSI, a company that has firmly established itself as one of the leading operators in the Americas,” added Kambi CEO Werner Becher.

“This latest extension is a testament to the strength of our partnership and the success we’ve achieved together throughout the region, and we look forward to working closely with RSI to continue delivering world-class sports betting experiences to their players.”

RSI monitoring Alberta with interest after record quarter

RSI has had a firm presence in Ontario’s online sports betting market since the market opened, via its BetRivers brand.

Like many operators, it is now turning its eyes west. Alberta looks set to open its own regulated online gaming market before too long, and Schwartz addressed the potential of expanding into that province on the company’s Q2 earnings call this month.

He told investors that RSI will monitor the province and its opportunities for BetRivers. Schwartz noted that as Alberta has the highest per-capita spending on gaming in Canada and “has great attributes,” it is an appealing market for operators.

The CEO made those comments at the same time that he detailed a record quarter for RSI, which yielded new quarterly highs in profit ($220 million, up 34% year-over-year) and adjusted EBITDA ($21.4 million). RSI’s monthly average users grew 24% across all U.S. and Canadian markets, the sixth consecutive quarter of North American growth.

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