Stake.com’s Interest in Rush Street Interactive Sparks Acquisition Rumors
Kate Marshal
05 July 2023
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According to reports from Casino.org, cryptocurrency casino Stake.com is expressing interest in the American gambling market. Unverified reports suggest that the bookmaker is contemplating the acquisition of the gambling firm Rush Street Interactive (RSI).
Experts believe that RSI is the most suitable choice for Stake.com, as it is currently seeking a new buyer and possesses a casino license.
Additionally, Stake.com’s financial position is robust enough to facilitate the proposed deal. Notably, the cryptocurrency casino generated a remarkable $2.6 billion in revenue solely last year. To put this in perspective, the prominent U.S. sportsbook operator DraftKings made $2.2 billion in the preceding year.
RSI operates in the United States under the brands PlaySugarHouse and BetRiver, with licenses in 10 U.S. states, including Colorado, Illinois, Indiana, Michigan, Iowa, New York, New Jersey, Virginia, West Virginia, and Pennsylvania. Furthermore, RSI offers mobile sports betting services in Ontario, a province in Canada.
In recent news, it has been reported that Stake.com’s founders have plans to enter the Australian betting market to compete with leading bookmakers like Sportsbet and Tabcorp.
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