Caughill Brings over 20 Years of Experience
Working in Canada's Commercial
Gaming Industry
CHICAGO, March 30,
2022 /CNW/ - Rush Street Interactive, Inc.
(NYSE: RSI) ("RSI"), a leading online casino and sports betting
company in the U.S., today announced the appointment of
Bruce Caughill as Managing Director,
Canada. Mr. Caughill joined RSI on March 28, 2022, prior to RSI's planned launch of
its award-winning BetRivers online casino and sportsbook in
Ontario on April 4, 2022, the first day of authorized online
gaming in the province.
Mr. Caughill joins RSI from his role as Chief Legal Officer at
the Alcohol and Gaming Commission of Ontario (AGCO), where he oversaw all legal
matters and played a key role in developing the legislative and
policy infrastructure for Canada's
first legal regulated iGaming industry.
As the Managing Director of RSI's Canadian team, Mr. Caughill
will provide leadership and support in the commercial and
administrative activities associated with the company's pursuit of
business opportunities in the country.
"We welcome Bruce who, with his unparalleled legal, operational
and regulatory expertise in Canada's gaming industry, will provide strong
insight, guidance and counsel in this exciting new online market,"
said Richard Schwartz, Chief
Executive Officer of RSI. "Bruce's proven leadership capability,
extensive experience and strategic thinking make him a great
addition to RSI."
Mr. Caughill has over two decades of broad, sophisticated
experience in Canada's commercial
gaming industry. Prior to the AGCO, he was CEO/President of
Caughill Management Consulting, providing strategic counsel and
regulatory advice to international gaming companies. Before that,
Caughill served for more than twenty years as Vice
President/General Counsel, Corporate Secretary and Chief Compliance
Officer at Falls Management Company, operator of the Niagara
Casinos, Canada's largest
integrated casino resort operation.
"I am excited to bring my years of experience in Canadian gaming
to support RSI's pursuit of opportunities in Canada," said Mr. Caughill, a native of
Ontario. "I am particularly
excited at the prospect of supporting the many local Canadian
employees as the company establishes its Innovation Hub here."
A long-time member of the International Association of Gaming
Advisors, Mr. Caughill also serves as an independent member of the
Internal Audit and Compliance Committees of the Rush Street Gaming
affiliated casinos. He attended Queen's University in Kingston, Ontario, before earning his law
degree from the University of Western Ontario. He graduated
Magna Cum Laude from the University of
Edinburgh with a Masters Degree in Commercial Law and in
2008 received the Canadian Gaming Association's national award for
industry leadership and outstanding contribution.
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 BetRivers.com and
PlaySugarHouse.com, RSI was an early entrant in many regulated
jurisdictions and is currently live with real-money mobile, online
operations in thirteen U.S. states: Pennsylvania, Illinois, New
Jersey, New York,
Connecticut, Michigan, Indiana, Virginia, Colorado, Iowa, West
Virginia, Arizona and
Louisiana. RSI is also active
internationally, having been recognized as Sportsbook Operator of
the Year at the SBC Latinoamérica Awards 2021, where it offers its
online casino and sportsbook in the regulated gaming market of
Colombia on RushBet.co. 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 was named the 2020 Global Gaming Awards Digital
Operator of the Year and the 2021 EGR North America Awards Casino
Operator of the Year, Customer Services Operator of the Year and
Social Gaming 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, visit
www.rushstreetinteractive.com.
Forward-Looking
Statements
This press release includes "forward-looking statements" within
the meaning of the "safe harbor" provisions of the Private
Securities Litigation Reform Act of 1995. RSI's actual results may
differ from their expectations, estimates and projections and
consequently, you should not rely on these forward-looking
statements as predictions of future events. Words such as "expect,"
"estimate," "project," "budget," "forecast," "anticipate,"
"intend," "plan," "may," "will," "could," "should," "believes,"
"predicts," "potential," "continue," and similar expressions are
intended to identify such forward-looking statements. These
forward-looking statements include, without limitation, what RSI's
anticipated benefits arising from Mr. Caughill's employment will
include and the expected timing of launch of operations in
Ontario, Canada. These
forward-looking statements involve significant risks and
uncertainties that could cause the actual results to differ
materially from the expected results. Most of these factors are
outside RSI's control and are difficult to predict. Factors that
may cause such differences include, without limitation, changes in
applicable laws or regulations, unanticipated product or service
delays, and other risks and uncertainties indicated from time to
time in RSI's most recent Annual Report on Form 10-K, including
those under "Risk Factors" therein, and in RSI's other filings with
the SEC. RSI cautions that the foregoing list of factors is not
exclusive. RSI cautions readers not to place undue reliance upon
any forward-looking statements, which speak only as of the date
made. RSI does not undertake or accept any obligation or
undertaking to release publicly any updates or revisions to any
forward-looking statements to reflect any change in its
expectations or any change in events, conditions or circumstances
on which any such statement is based.
SOURCE Rush Street Interactive, Inc.