Rush Street Interactive appoints Richard Schwartz to its Board of Directors as CEO and announces Greg Carlin stepping to Vice-Chairman

– USA, IL –  Rush Street Interactive, Inc. (NYSE: RSI), a leading online casino and sports betting company in the United States, today announced the appointment of Richard Schwartz, Co-Founder and President, to its Board of Directors as CEO alongside Greg Carlin named Vice-Chairman, effective immediately.

“Greg and I have worked alongside Richard since the inception of RSI and I have seen firsthand his immense skill and ingenuity as an executive. Richard’s vision has been integral in establishing RSI as a pioneer and nationwide leader in the online casino business, and there is no one better suited to continue to drive our strategic direction and growth. On behalf of the entire Board, I would like to thank Greg for his enduring contributions to the Company and I look forward to his continued partnership.” said Co-Founder and Executive Chairman, Neil Bluhm.

Mr. Carlin said, “I am incredibly grateful to have had the opportunity to lead RSI from our founding through our listing as a publicly-traded company, and I am proud of the incredible team we have built and our many accomplishments to date. Richard has been a key partner in building RSI’s award-winning proprietary technology platform and online operations. His deep understanding of the online gaming space and passion for our business will be critical in continuing to drive value for our shareholders for years to come. I believe now is the right time for me to transition to Vice Chairman and am excited to continue working with Richard and our highly experienced management team and Board to strengthen RSI’s industry leadership position.”

About Richard Schwartz

Richard Schwartz has been a leader and innovator in the gaming industry for nearly 20 years. He co-founded RSI in 2012 and has served as the Company’s President since its inception. In this role, Mr. Schwartz has overseen the product, operations, business development, regulatory compliance, and legal functions of the company.

Before founding RSI, Mr. Schwartz started and led the interactive business for WMS Industries (now Scientific Games), which, in 2010, launched the award-winning UK-facing online casino business, Jackpot Party. He is an inventor on 50 US patents and has a deep understanding of player psychology. Before working in the gaming industry, Mr. Schwartz was an executive at Telecom Italia Lab USA (formerly Telecom Italia Ventures) and an intellectual property attorney in Silicon Valley.

Mr. Schwartz said, “I am honored to lead RSI at this time of tremendous growth for our Company and industry, and am humbled by the trust that Greg and the Board have placed in me. Greg has positioned RSI for success and our opportunities continue to expand, from new market launches to innovative product offerings and strategic marketing programs. As we look to the future, RSI will remain relentlessly focused on operational excellence and trying to delight our players with helpful, transparent customer service while refining our best-in-class technology platform.”

Mr. Schwartz received his AB from the University of California, Berkeley, and received his JD from the University of California, Hastings College of the Law. He, along with Messrs. Bluhm and Carlin, was named Entrepreneurs of The Year® 2021 Midwest Award winners by Ernst & Young LLP.

About RSI

RSI is a trusted online gaming and sports entertainment company focused on regulated markets in the United States and Latin America. Through its brands, and, RSI was an early entrant in many regulated jurisdictions and is currently live with real-money mobile, online, and/or retail operations in ten U.S. states: Pennsylvania, Illinois, New Jersey, New York, Michigan, Indiana, Virginia, Colorado, Iowa, and West Virginia. RSI is also active internationally, offering its online casino and sportsbook in the regulated gaming market of Colombia on RSI offers, through its proprietary 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 has been named the 2020 Global Gaming Awards Digital Operator of the Year and the 2020 EGR North America Awards Casino Operator of the Year and Customer Service Operator of the Year. RSI is committed to industry-leading responsible gaming practices and seeks to provide its customers with the resources and services they need to play responsibly.

For more information:

- DisclaimerNews, data, and statements included in this release are intended exclusively for general information purposes. Talent4Boards does not guarantee that news is accurate or about the correct person and accepts neither liability for the consequences of the reader’s reliance, nor responsibility for the accuracy of the information. Nothing in this release should be considered for decisions about referred securities. Products and brand names may be trademarks or registered trademarks of their respective owners.