After the success of their online content deal for online casinos in New Jersey, Rush Street Interactive (RSI) and Design Works Gaming (DWG) are now heading to Michigan.
DWG is one of the leading real-money gaming suppliers in the world. They also produce content for online casinos so it’s logical that they team up with RSI who have achieved great success in the gaming and entertainment industry.
It was in February of this year that DWG saw its impressive content added to the BetRivers online casino in New Jersey. An extension of the collaboration between DWG and RSI has now been announced.
This new deal between the two companies will see their content being part of the BetRivers online casino. It’s owned by RSI and the new content is bound to impress those who visit that site. Gambling has proved very popular at online casinos in Michigan since the states changed their state laws.
DWG is determined to see its impressive content on as many sites as possible. With an increasing number of US states making gambling legal, there are more opportunities for them to do just that.
The slot portfolio at the BetRivers Michigan online casino will certainly be even more exciting in the future with this deal in place. Games that will now be available to play include ‘Break the Bounty Lucky Tap,’ ‘Double Fantasy 7s, and ‘10X Fortune.’
These have been integrated with Light & Wonder’s OpenGaming platform. Even more good news for site visitors is that more slots will be added to the slot portfolio in the near future. Slot games continue to be popular at online casinos and the quality of them just keeps on improving.
RSI hasn’t just been busy signing this new deal with DWG. The company has recently announced the appointment of Eric Althaus to their management team. He has years of experience in the casino industry and has become the new general manager at Rivers Casino Philadelphia.
Speaking about the new deal, DWGs CEO Troy Zurawski was highly delighted. He spoke about how the success of their partnership in New Jersey had “far exceeded our expectations.”
The CEO complimented RSI with regard to the fact that the company “knows their player base inside and out.” He added that the deal has enabled the two companies to “provide casino games we know are going to resonate with their customers.”
This keeps them “engaged and entertained,” said Mr Zurawaski who is excited to now see them working together in the state of Michigan.
RSI is also happy about the deal that has been signed. Their CEO is Richard Schwartz who is confident the launch in Michigan will be another success. He believes that their content will resonate well with what the BetRivers online casino customers are already used to.
DWG slot games aren’t just popular with the regular players who venture into casinos. Their games regularly feature in the top ten Eilers-Fantini Online-Game Performance Report.
This includes over 40,000 casino games in the states of West Virginia, Pennsylvania, Connecticut, New Jersey, and Michigan. With the DWG slots now becoming available in Michigan, more games are likely to be doing well.
That’s particularly likely to be the case with the popular ‘Break the Bounty Lucky Tap’ game. That slot is continuing to be popular and was recently the winner of the ‘Most Innovative Online Game’ category at the recent EKG Slot Awards.
2023 has already been a good one for RSI and this was shown in their financial results for the first quarter of the year. Up to March 31, 2023, revenue for the company was $162.4 million.
That’s up 20 percent compared to the $134.9 million from the same period in 2022. One reason for the increased revenue is their continued success in the Latin American and North American markets. Revenues in those areas rose by over 100% in the year-on-year comparison.
The net loss continues to fall and was 24.5 million for Q1 this year, down from $52.3 million for the previous year’s Q1 results.
Understandably their CEO Richard Schwartz is pleased with the Q1 results. He said that the company has “made great strides towards profitability with much improved Adjusted EBITDA performance.”
He added that “results were strong across our business lines.” There was revenue growth in both their online casino and the sportsbook. This keeps them on track to achieving their goal of profitability and this is expected to take place in the second half of 2023. The CEO says that their “focused strategy” will reward their shareholders “over the long term.”
Revenue for 2023 is expected to be in the $630 and $700 million range. If they were to achieve revenue of $655 million, that would be a 12% growth in revenue when compared to 2022. More successful deals such as the one with DWG will certainly help them reach their targets.