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Rush Street Interactive co-founder Carlin steps down


Rush Street Interactive (RSI) has announced that co-founder and former chief executive Gregory Carlin has resigned from its board and left the business.

Carlin co-founded RSI in April 2012 and also helped launch the Rush Street Gaming business in January 2005.

Carlin stepped down as chief executive of RSI in August of last year, making way for Richard Schwartz and taking on the new role of vice chairman.

However, RSI said that Carlin resigned from its board and any other offices, committees and positions that he held with effect from December 28, 2021.

“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,” RSI said in a filing with the US Securities and Exchange Commission.

“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, Carlin agreed to refrain from selling more than four million shares of RSI’s Class A common stock – which represents less than 12% of his directly and indirectly held common stock– for a period of 12 months, unless otherwise approved by RSI.

RSI added that the vacancy on the board and its Compensation Committee resulting from Carlin’s resignation will remain unfilled until a new director is identified and appointed.

The resignation comes after RSI last month entered into a content partnership with Inspired. The deal will see Inspired’s interactive content integrated onto the RSI game platform and its games made available in multiple US jurisdictions.

Content is now available in New Jersey and Michigan, with the games also set to go live in West Virginia.

RSI also entered into a sports betting operations partnership with the Hall of Fame Resort & Entertainment Company, a resort, entertainment and media business centered around professional football.

The 10-year agreement, which is subject to procurement of necessary licenses, will see RSI operate a retail sportsbook at the Hall of Fame Village powered by Johnson Controls, a multi-use sports, entertainment and media destination surrounding the Pro Football Hall of Fame in Canton, Ohio.

The agreement also includes a sponsorship component, allowing RSI to leverage the Hall of Fame Village’s signage, branding and certain media assets, while it will have access to Pro Football Hall of Famers through its brand partnerships.

“The Hall of Fame Village shares RSI’s drive to create fun, memorable experiences for customers as well as our passion for building a one-of-a-kind destination that will delight the millions of guests that will visit the Hall of Fame Village campus each year,” Schwartz said.

“We look forward to offering a best-in-class sportsbook commensurate with the prestige of the Pro Football Hall of Fame and Hall of Fame Village that fans across the country and world can enjoy.”