Rush Street Interactive Co-Founder Carlin Exits

Gregory Carlin is leaving Rush Street Interactive (RSI), a company he co-founded that oversees two major online casino and sportsbook brands in the US – BetRivers and PlaySugarHouse.

The news about Carlin exiting the Chicago-based company showed up today in RSI’s filing with the US Securities and Exchange Commission (SEC). 

On Tuesday, Carlin notified RSI Co-Founder and Executive Chairman Neil Bluhm that his resignation was effective immediately.

Today’s SEC filing further states:

“Mr. Carlin’s decision was not the result of any disagreement with the Board or the Company on any matter relating to its operations, policies or practices. The Company and the Board express their sincere appreciation for Mr. Carlin’s service to the Company and his valuable contributions to the Board. In connection with his resignation, Mr. Carlin has agreed on behalf of himself and certain affiliated trusts, to, among other things, refrain for a period of 12 months from selling more than four million shares of the Company’s Class A common stock (which represents less than 12% of Mr. Carlin’s directly and indirectly held common stock of the Company), unless otherwise approved by the Company.”

Carlin is exiting a year after RSI went public

Exactly a year ago, RSI’s business combination with dMY Technology Group, a special purpose acquisition company, took effect. The combined company began trading under RSI and RSI WS tickers.

The newly public company rang the opening bell on Jan. 5 at the New York Stock Exchange (NYSE), per Play Illinois.

At that time, Carlin was still RSI’s CEO and the company was operating in six states:

  • Colorado
  • Illinois
  • Indiana
  • Iowa
  • New Jersey
  • Pennsylvania

RSI had secured market access to three more states, including New York.

Since then, RSI has become an even bigger force in US online gambling, launching BetRivers in Michigan, PlaySugarHouse Sportsbook in Connecticut and more.

In RSI’s Dec. 23 announcement about its agreement to operate a retail sportsbook at the Hall of Fame Village next to the Pro Football Hall of Fame in Canton, Ohio, the company says:

“RSI is currently live with real-money gaming operations in 12 US states.”

Carlin still listed as a Rush Street Gaming leader

In August, RSI moved Co-Founder and President Richard Schwartz into the CEO role.

Upon moving from CEO down to RSI’s vice chairman role, Carlin says:

“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.”

Carlin is still listed on Rush Street’s site as “Co-founder of Rush Street Gaming affiliated US-based casinos.” Rush Street Gaming (RSG) develops and operates retail casinos, such as the Rivers Casinos.

- Heather Fletcher is the lead writer with OnlinePokerReport. She's a career journalist, with bylines in The New York Times, Adweek and other publications. Reach her at [email protected]
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