Gasthalter & Co. is handling the merger of Rush Street Interactive, online casino company, and dMY Technology Group, publicly traded special purpose acquisition company.
The deal makes RSI a New York Stock Exchange-listed company with an initial valuation of $1.8B and projected fiscal 2021 revenues of $320M.
Founded in 2012 by gaming veterans Neil Bluhm, Greg Carlin and Richard Schwartz, RSI operates gaming sites in Illinois, Pennsylvania, New Jersey, Indiana and Colorado.
“RSI has achieved leading online casino and sportsbook market positions by focusing on what players want—a high-quality product, helpful customer services, transparency and honesty,” said Schwartz. “This transaction will help enhance and broaden our product offering and attract more players.”
G&C’s Jonathan Gasthalter, Carissa Felger and Nathaniel Garnick are working the RSI deal.