Proprietary iGaming platform for regulated markets — vertically integrated technology supporting online casino and sports betting, focused on regulated-market execution across the U.S., Canada, and Latin America.
Deal facts
| Item | Detail |
| Announced / Closed | Jul 27, 2020 / Dec 29, 2020 |
| Pre-Money Equity Value | $1,725M |
| Post-Money Market Cap | $2,048M |
| PIPE | $160M (anchor: Fidelity) |
| Entry Multiple | 5.4x TEV/2021E revenue vs. 8.9–17.5x peers |
Sponser Value-add
- Mobile digital-gaming expertise to improve player engagement and lifetime value
- Distribution and marketing relationships that scaled digital user acquisition
- Helped secure an anchor investment by Fidelity
Outcome
Up-C structure created future tax benefits; significant equity rollover kept prior owners invested. Revenue grew ~5x from 9M 2019 to 9M 2020; strong record of beating guidance, with $105.5M and $164.2M of cash flow in FY2025 and FY2026. Investors increasingly view RSI as a profitable, accelerating iGaming operator.
