It is expected to begin operations in the second quarter of 2022, bringing online casinos and sports betting to the Mexican population, with more than 130 million people CloseCurlyQuote
Based on RSI & CloseCurlyQuote Award Winning Success Story in Latin America
Rush Street Interactive, Inc. (NYSE: RSI) (“RSI”), a leading online casino and sports betting company in the United States and Colombia, announced today that it has signed an exclusive partnership with Mexican media conglomerate Grupo Multimedios to offer the award-winning platform RSI & CloseCurlyQuote online games in Mexico Under the terms of the 25-year agreement, RSI will operate online casinos and sports betting nationwide in close partnership with Grupo Multimedios, a subsidiary of which has a license to operate The association also allows RSI to take advantage of Grupo Multimedios’ wide range of multimedia assets and distribution channels for promotional and content integration purposes.RSI and Grupo Multimedios plan to launch operations in the second quarter of 2022.
Grupo Multimedios, whose rich history in Mexico dates back 89 years, covers many industries, such as media, sports, entertainment, wine, food, retail and real estate. The company’s media assets portfolio includes television, radio, print, billboards and digital media, and includes Mediotiempo, a digital sports property that attracts more than 7 million unique users a month and is growing at 29%. CAGR; Milenio, Mexico’s number one digital news and digital information source with 27.7 million unique users a month; and Channel 6, its network of 22 televisions and 63 radio stations.
Grupo Multimedios began with a strong presence at its base in Monterrey and has been able to deploy its coverage throughout the Mexican market. It has expanded into several businesses beyond the media and is owned by several sports teams, including the Monterrey Sultans, one of the most prestigious teams in the Mexican Baseball League, as well as two professional basketball teams. The real estate, retail and food interests of the company & CloseCurlyQuote include hundreds of properties, shops and restaurants across the country.
Richard Schwartz, CEO of RSI, said: “We are delighted to partner with Grupo Multimedios, one of the most respected media companies in Mexico, which we believe will serve as a great accelerator to build our operations. Mexico represents an attractive market opportunity, with a population of more than 130 million, which, combined with the population of 50 million in Colombia, will significantly expand the supply of CSR in Latin America. Grupo Multimedios’ management team and a long history of success, including the growth of its digital business in Mexico, which will be very valuable as we start and grow our business in Mexico. ”
Angel Cong, co-CEO of Multimedia, said: “It’s very exciting to start this partnership with RSI, their experience and an amazing team will help our group achieve a new collaborative vision of continuous growth and entrepreneurship. RSI has had “Success in the American and Colombian online casino and sports betting markets. We have no doubt that together we will achieve the same in Mexico. With this partnership, both RSI and Multimedia will leverage our media assets to be a strong and successful competitor.”
RSI was the first U.S. gaming company to launch a regulated online sports betting in Latin America when it launched RushBet.co in 2018. In the most recent quarter, with data published by the gaming regulator of Colombia & CloseCurlyQuote, RushBet.co accounted for almost 20% of online casino and sports betting management in the country. In addition, the platform was recognized as Sports Betting Operator of the Year at the SBC Latin America Awards 2021. RSI is the fourth largest operator of online casinos and combined sports betting in the United States in December 2021, according to Eilers & Krejcik, with real money. mobile, online and / or retail operations in thirteen US states.
“As the first U.S. gaming company to launch a regulated online gaming sports betting in Latin America, we have a deep understanding and appreciation for the communities in which we operate and the location needed to thrive in the Latin American market. We look forward to leveraging the infrastructure, operations team, and relationships developed during our five-year business in Latin America as we expand our premium online gaming platform to a growing Mexican market. We are delighted to build on our success in Latin America and will continue to expand our presence in the region and globally, ”said Mr. Schwartz.
About Rush Street Interactive
Rush Street Interactive is a trusted online gaming and sports entertainment company focused on regulated markets in the United States and Latin America. Through its brands, BetRivers.com and PlaySugarHouse.com, RSI was one of the first entrants in many regulated jurisdictions and is currently online with mobile, online and / or real money retail operations in thirteen US states: Pennsylvania, Illinois, New Jersey, New Jersey. York, Connecticut, Michigan, Indiana, Virginia, Colorado, Iowa, West Virginia, Arizona, and Louisiana. RSI is also active internationally, having been recognized as Sports Betting Operator of the Year at the SBC Latin America Awards 2021, where it offers its online casino and sports betting in the regulated gaming market of Colombia on RushBet .co. RSI offers, through its online gaming platform, some of the most popular online casino games and sports betting options in the United States. Founded in 2012 in Chicago by gaming industry veterans, RSI was named Digital Operator of the Year 2020 Global Gaming Awards and Operator of the Year at the EGR North America Awards 2021, Customer Service Operator of the Year and Social Games Operator of the Year. RSI is committed to leading responsible gaming practices in the industry and seeks to provide its customers with the resources and services they need to play responsibly. For more information, visit www.rushstreetinteractive.com.
About Multimedia Group
Multimedia is the fastest growing and most relevant media group in Mexico. Since its founding in 1933 as the sole radio station in Monterrey, Mexico, the company has multiplied its value and reach through innovative new media, and now has a presence not only in Mexico but also in the United States. United States, Spain and Central America.
Multimedia is made up of several prestigious brands in various sectors. News and broadcasts include Milenio and Telediario; in entertainment, the radio stations Canal 6, Canal 8 and 63; in outdoor advertising, Pol, which has more than 6,000 billboards in Mexico and Central America. It also participates in commercial printing with the Multigrafica brand, which has 3 printing facilities in Mexico. In the field of sports, Multimedios owns a successful digital sport, Mediotiempo, an online sports information platform, and the trusted brand with a legacy: La Afición.
Multimedios takes advantage of its process of creating traditional and digital content, one of its basic skills, to participate in book publishing, with a solid portfolio of leading brands: Madre Editorial, Ríos de Tinta, App Editorial and Librotea.
The holding company, which owns Multimedios, has an interest in the following sectors to maintain a diverse and balanced investment portfolio: Real Estate, Basketball and Baseball Teams, Wines & Spirits, Retail, Food and Entertainment and Sustainability.
Prospective statements
This press release includes “forward-looking statements” within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. RSI’s actual results may differ from its expectations, estimates and projections and, consequently, you should not rely on these forward-looking statements as predictions of future events. Words such as “expect”, “estimate”, “project”, “budget”, “forecast”, “anticipate”, “try”, “plan”, “could”, “could”, “should” , “” believe “,” predict “,” potential “,” continue “and similar expressions are intended to identify these forward-looking statements. These forward-looking statements include, without limitation, RSI’s expectations regarding the expected timing of the launch of its operations in Mexico, the expected benefits of its partnership with Grupo Multimedios and the expected results of its operations and future performance in Mexico. country. of Mexico. These forward-looking statements imply significant risks and uncertainties that could cause actual results to differ materially from expected results. Most of these factors are beyond the control of RSI and are difficult to predict. Factors that may cause these differences include, without limitation, changes in applicable laws or regulations, unforeseen delays in products or services, and other risks and uncertainties listed from time to time in the most recent Annual CSR Report on Form 10-K. , including those of “Risk Factors” in this document, and other RSI documents in the SEC. RSI warns that the above list of factors is not exclusive. RSI warns readers not to unduly trust any forward-looking statement, which is only spoken from the date of completion. RSI does not assume or accept any obligation or commitment to publicly publish any update or revision of any forward-looking statement to reflect any change in your expectations or any change in the events, conditions or circumstances on which such statement is based.
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