Rush Road Interactive and the Connecticut Lottery Company introduced a joint plan to wind down their on-line and in-person sports activities betting partnership in Connecticut.
The CLC will start pursuing a brand new operator by a request for proposals within the coming days. RSI will proceed to function on-line and in-person sports activities betting in Connecticut on behalf of the CLC till a substitute is chosen. RSI and the CLC count on to transition the present sports activities betting operations in the course of the second half of 2023.
Gamers on the PlaySugarHouse.com on-line platform or at any of the 9 Connecticut retail places might be assured that any wagers positioned will proceed to be legitimate and all wins will proceed to be paid out.
Gregory Smith, President of the CLC, commented: “We thank RSI for working carefully with CLC to determine the muse for CLC’s sports activities betting operation, each on-line and in retail.”
Richard Schwartz, CEO of RSI, stated: “We thank the CLC for his or her partnership during the last two years. We’re happy with what we’ve achieved collectively in Connecticut and have loved the relationships that we’ve constructed with the gamers. In line with our long-term strategic objectives, after a lot deliberation and discussions with the CLC, we imagine it’s in one of the best curiosity of RSI and our stockholders to wind down this partnership.”
“As is according to almost all the things we do at RSI, each RSI and the CLC stay dedicated to placing our gamers first. By means of the transition, we plan to proceed to assist all participant wagers and guarantee a optimistic participant expertise and count on the changeover could have an immaterial affect on our steering for 2023.”
Connecticut is considered one of greater than 30 states within the nation with authorized sports activities betting. Rush Road Interactive affords sports activities betting in a lot of these jurisdictions.
RSI inventory was down 3.5% on Tuesday to about $3 a share.
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