Rush Street Interactive and the CLC to end collaboration
The CLC will shortly begin the search for a new partner, during which RSI will retain its responsibilities of running the former’s online and retail wagering operations. The two companies have estimated that the transition and closure of their agreement will be finalized sometime in the second half of the year.
CLC’s President Gregory Smith remarked:
“We would like to express our gratitude to RSI for helping us establish our sports wagering foundations across both the online and land-based verticals.”
The Chief Executive Officer of RSI, Richard Schwartz, stated:
“We are quite thankful to the CLC for our collaboration over the past couple of years. Together we delivered lots of entertaining experiences to Connecticut’s bettors and established excellent relationships with our players. However, after lengthy discussions with our partner, we have made the decision to end our partnership in the best interest of our shareholders. Throughout the transition, we will continue working with our partner to make the changes as seamless as possible, especially for the players.”
Lastly, the two corporations added that all player bets and funds will be safe throughout the transition. RSI and the CLC stated that they are working closely to ensure a minimal level of disruptions to their players.