Rush Street Interactive Inc RSI is trading higher Monday following DraftKings Inc's DKNG acquisition of Golden Nugget Online Gaming Inc GNOG, which has possibly raised M&A speculation in the gaming and sports betting sectors.
DraftKings announced that it entered into a definitive agreement to acquire Golden Nugget Online Gaming in an all-stock transaction that has an implied equity value of approximately $1.56 billion.
Rush Street Interactive is an online gaming and entertainment company that focuses primarily on online casino and online sports betting in the U.S. and Latin American markets.
Rush Street Interactive is scheduled to report its second-quarter financial results after the market closes on Aug. 12.
RSI Price Action: Rush Street Interactive has traded as high as $26.55 and as low as $9.47 over a 52-week period.
At last check Monday, the stock was up 13.70% at $12.59
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