{"id":279586,"date":"2023-06-29T14:09:29","date_gmt":"2023-06-29T19:09:29","guid":{"rendered":"https:\/\/www.casino.org\/news\/?p=279586"},"modified":"2023-06-30T09:16:14","modified_gmt":"2023-06-30T14:16:14","slug":"stake-com-could-mull-takeover-of-rush-street-interactive","status":"publish","type":"post","link":"https:\/\/www.casino.org\/news\/stake-com-could-mull-takeover-of-rush-street-interactive\/","title":{"rendered":"Rush Street Interactive Could Be Takeover Target for Stake.com"},"content":{"rendered":"

Crypto casino operator Stake.com is rumored to be looking at acquisitions that could provide it entry into the US iGaming market, and Rush Street Interactive (NYSE: RSI) could be on the suitor\u2019s list of potential candidates.<\/p>\n

\"Stake.com\"
The Stake.com logo. The crypto casino operator may be interested in buying Rush Street Interactive. (Image: Blockchain Reporter<\/em>)<\/figcaption><\/figure>\n

Stake, which has had its run-ins with controversy<\/a>, is looking to enter more regulated gaming markets around the world, including the US. Rush Street Interactive, long rumored to be a takeover target, checks a lot of boxes the prospective buyer is likely looking for.<\/p>\n

Not many companies fit the description of large, regulated and for-sale. Rush Street Interactive is a logical fit, given it has long been up for sale, and holds online casino licenses that Stake would presumably covet,\u201d<\/strong> noted Eilers & Krejcik Gaming (EKG) in the latest edition of the “EKG Line” report.<\/p><\/blockquote>\n

Stake also has a pending application for iGaming in Ontario, Canada, and is attempting to procure permitting in Australia\u2019s regulated internet wagering market.<\/p>\n

More Stake.Com Takeover Rumors<\/h2>\n

EKG added that Stake.com may have also evaluated deals in the fantasy sports and skill gaming industries. But the research firm didn\u2019t identify companies the crypto casino operator considered.<\/p>\n

\n

One thing is clear: Stake has the resources to make a deal happen. Last year, it generated $2.6 billion in revenue, well ahead of the $2.2 billion notched by DraftKings. The company has 6 million registered accounts, 10% of which are considered active users, and they reside in large markets, such as Brazil and Japan, noted EKG, citing the Financial Times.<\/em><\/p>\n<\/div>\n

As for Rush Street Interactive, that operator is affordable with market capitalization of $699.1 million, and is open to takeover discussions<\/a>. In the US, Chicago-based RSI operates under the BetRivers and PlaySugarHouse brands, and is currently available with mobile or retail businesses in Colorado, Illinois, Indiana, Iowa, Michigan, New Jersey, New York, Pennsylvania, Virginia, and West Virginia.<\/p>\n

RSI also offers mobile sports betting in Ontario and could be appealing to a buyer because of its access to Latin America, including Colombia and Mexico<\/a>.<\/strong><\/p>\n

With PointsBet\u2019s US operations off the market, iGaming\/sports betting consolidation speculation will shift, with RSI making for a predictable epicenter of those rumors.<\/p>\n

Stake.com Looking to Go White from Gray<\/h2>\n

Currently, Stake.com is what\u2019s known as a gray market operator. That label implies that while it\u2019s not officially licensed and regulated on par with a white market equivalent, it is safer for consumers than a black market counterpart.<\/p>\n

\n

Still, white market is the most desired label, and the potential positive for Stake is that many rivals have previously made the gray-to-white transition in various markets around the world.<\/p>\n<\/div>\n

\u201cIt’s one undertaken by the likes of Entain and the Stars Group, among many others. It could also signal a float by Stake in the near future, perhaps as cofounder Eddie Craven switches focus towards his new business, Kick, a streaming competitor to Twitch,\u201d concluded EKG.<\/p>\n","protected":false},"excerpt":{"rendered":"

Crypto casino operator Stake.com is rumored to be looking at acquisitions that could provide it entry into the US iGaming market, and Rush Street Interactive (NYSE: RSI) could be on the suitor\u2019s list of potential candidates. Stake, which has had its run-ins with controversy, is looking to enter more regulated gaming markets around the world, […]<\/p>\n","protected":false},"author":46,"featured_media":279587,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[10,19,32093,1],"tags":[81903,81871,81966,81967],"acf":[],"yoast_head":"\nStake.com Could Mull Takeover Of Rush Street Interactive<\/title>\n<meta name=\"description\" content=\"Stake.com looking for iGaming deals, could move on Rush Street Interactive.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.casino.org\/news\/stake-com-could-mull-takeover-of-rush-street-interactive\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Stake.com Could Mull Takeover Of Rush Street Interactive\" \/>\n<meta property=\"og:description\" content=\"Stake.com looking for iGaming deals, could move on Rush Street Interactive.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.casino.org\/news\/stake-com-could-mull-takeover-of-rush-street-interactive\/\" \/>\n<meta property=\"og:site_name\" content=\"Casino.org\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/Casino.OrgNews\" \/>\n<meta property=\"article:published_time\" content=\"2023-06-29T19:09:29+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-06-30T14:16:14+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2023\/06\/stke.png\" \/>\n\t<meta property=\"og:image:width\" content=\"1280\" \/>\n\t<meta property=\"og:image:height\" content=\"720\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Todd Shriber\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@etfgodfather\" \/>\n<meta name=\"twitter:site\" content=\"@Casino_Org\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Todd Shriber\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.casino.org\/news\/stake-com-could-mull-takeover-of-rush-street-interactive\/\",\"url\":\"https:\/\/www.casino.org\/news\/stake-com-could-mull-takeover-of-rush-street-interactive\/\",\"name\":\"Stake.com Could Mull Takeover Of Rush Street Interactive\",\"isPartOf\":{\"@id\":\"https:\/\/www.casino.org\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.casino.org\/news\/stake-com-could-mull-takeover-of-rush-street-interactive\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.casino.org\/news\/stake-com-could-mull-takeover-of-rush-street-interactive\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2023\/06\/stke.png\",\"datePublished\":\"2023-06-29T19:09:29+00:00\",\"dateModified\":\"2023-06-30T14:16:14+00:00\",\"author\":{\"@id\":\"https:\/\/www.casino.org\/news\/#\/schema\/person\/f4cecf70a5032bc4e60eb73fc86d4a85\"},\"description\":\"Stake.com looking for iGaming deals, could move on Rush Street Interactive.\",\"breadcrumb\":{\"@id\":\"https:\/\/www.casino.org\/news\/stake-com-could-mull-takeover-of-rush-street-interactive\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.casino.org\/news\/stake-com-could-mull-takeover-of-rush-street-interactive\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.casino.org\/news\/stake-com-could-mull-takeover-of-rush-street-interactive\/#primaryimage\",\"url\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2023\/06\/stke.png\",\"contentUrl\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2023\/06\/stke.png\",\"width\":1280,\"height\":720,\"caption\":\"The Stake,com logo. 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