to be a takeover target<\/a>, becoming the epicenter of speculation involving Fanatics and Walt Disney’s (NYSE:DIS) ESPN. <\/i>However, no deal materialized, and RSI remains an independent company.<\/p>\nThe takeover premium previously assigned to the stock is likely gone, as Churchill Downs (NASDAQ:CHND) explores options for its TwinSpires unit amid rumors that Wynn Resorts (NASDAQ:WYNN) could sell its WynnBet unit at a steep discount. With profitability concerns growing in the sports betting space, it could be a while before RSI is again the focus of takeover talk.<\/p>\n
\u201cWhile RSI offers greater market access, superior tech and a greater underlying foundation than these alternatives, take-out expectations have now been removed. We now believe Fanatics or ESPN are more likely to enter via M&A in 2023, during a period where incumbent leaders are targeting marketing rationalization,\u201d <\/strong>concludes Engel.<\/p>\n","protected":false},"excerpt":{"rendered":"Rush Street Interactive (NYSE:RSI) is scheduled to deliver fourth-quarter results after the close of US markets on Wednesday, March 2. At least one analyst is optimistic about what the gaming company will tell investors. In a new note to clients, Roth Capital analyst Edward Engel says the iGaming and online sportsbook operator is likely to […]<\/p>\n","protected":false},"author":46,"featured_media":203078,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[10,19],"tags":[],"acf":[],"yoast_head":"\n
Rush Street Interactive Poised To Top Q4 Sales Estimates<\/title>\n\n\n\n\n\n\n\n\n\n\n\n\n\t\n\t\n\t\n\n\n\n\n\n\t\n\t\n\t\n