![]() ![]() He brings a wealth of knowledge and experience to his new position at Mohegan INSPIRE. He will also lead the company’s external relationships with government agencies and business partners and serve as the company’s Representative Director.Ĭhen’s extensive career has taken him across the globe, working for well-known organizations like McKinsey and Las Vegas Sands. His duties will involve overseeing budget and business plans to ensure the company’s vision is implemented at all levels and leading performance measurement and improvement efforts. Our future is bright, and I look forward to embracing this next chapter alongside Chen Si and Wade Howk,” Ray Pineault, President and CEO of Mohegan, said.Īs President, Chen Si will guide strategic planning and operational results at Mohegan INSPIRE. Mohegan’s move into the global market is not just about growth, but also about sharing our legacy and spirit with the world. ![]() “With Mohegan INSPIRE, we are expanding our horizons beyond what we once thought possible. Mohegan INSPIRE has appointed Chen Si as its President and Wade Howk as its Chief Operating Officer (COO). The transaction values the combined company at an anticipated initial enterprise value of approximately $1.78 billion, or 5.6x RSI’s projected 2021 revenue of $320 million. Harry and I are tremendously excited about RSI’s positioning and the long-term growth opportunity they have in the expanding U.S. “With their dozens of years of online casino and sports wagering experience, RSI has developed a leading customer-focused online gambling platform. “This transaction with dMY Technology will provide RSI access to growth capital to allow for the expansion of the business in this fast-growing market and we expect it will serve our customers and investors well,” Mr. This transaction will help enhance and broaden our product offerings and attract more players,” Mr. “RSI has achieved leading online casino and sportsbook market positions by focusing on what players want – a high-quality product, helpful customer service, and transparency and honesty. We are looking forward to investing further in market expansion, product innovation, and growing our talented team,” Mr. gaming customer and we now have a great opportunity to accelerate our growth in this dynamic market. “We started RSI in 2012 to create a fun and engaging online experience for the U.S. The combined company’s Board of Directors will include dMY’s Chairman Harry You and CEO Niccolo de Masi. and its NYSE trading symbol to “RSI.”įollowing the closing of the transaction, Neil Bluhm will continue to serve as Chairman of the Board of Directors, Greg Carlin will continue to serve as CEO, and Richard Schwartz will continue to serve as President of the combined company. Upon closing, dMY intends to change its name to Rush Street Interactive, Inc. Online casino and sports betting operator Rush Street Interactive (RSI) and blank-check company dMY Technology Group have announced that they have entered into a definitive merger agreement.Īs a result of the transaction, RSI will become a publicly listed company on the New York Stock Exchange and the combined company is anticipated to have an initial enterprise value of approximately $1.78 billion.
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