8/12/2021

speaker
Operator

Ladies and gentlemen, thank you for standing by. Welcome to the RSI Second Quarter 2021 earnings conference call. At this time, all participants are in a listen-only mode. A question and answer session will follow the formal presentation. Please note that this conference call is being recorded today, August 12th, 2021. I will now turn the call over to Lauren Siler, Associate Vice President of Investor Relations and Development.

speaker
Lauren Siler
Associate Vice President of Investor Relations and Development

Thank you, Operator, and good afternoon. By now, everyone should have access to our second quarter 2021 earnings release. It can be found under the heading Financials Quarterly Results in the Investors section of the RSI website at RushStreetInteractive.com. Some of our comments today will be forward-looking statements within the meaning of the federal securities laws. Forward-looking statements are not statements of historical facts and are usually identified by the use of words such as will, expect, should, or other similar phrases, and are subject to numerous risks and uncertainties that could cause actual results to differ materially from what we expect. We assume no responsibility for updating any forward-looking statements. Therefore, you should exercise caution in interpreting them and relying upon them. We refer you to our SEC filings for a more detailed discussion of the risks that could impact our future operating results and financial condition. During the call, we will discuss our non-GAAP measures, which we believe can be useful in evaluating the company's operating performance. These measures should not be considered in isolation or as a substitute for our financial results prepared in accordance with GAAP. A reconciliation of these measures to the most directly comparable GAAP measures are available in our second quarter 2021 earnings release, which is available in the Investors section of the RSI website at rustreinteractive.com. With me on the call today, we have Greg Carlin, Vice Chairman, Richard Schwartz, CEO, and Kyle Sowers, Chief Financial Officer. We will first provide some opening remarks and then open the call to questions. With that, I'll turn the call over to Greg.

speaker
Greg Carlin
Vice Chairman

Thanks, Lauren, and good afternoon, everyone. Thank you for joining the call today. Before we get into our quarterly results, I'm excited to announce that RSI has named Richard Schwartz, who co-founded the business with me and Neil, as CEO. I will become vice chairman of the board and I will continue in my role as CEO of Rush Street Gaming, which as most of you know, is a separately owned private company. It was obvious to me back in 2012 when we started RSI that the U.S. casino industry would expand to the digital channel. And I'm very proud of all that we've accomplished during my tenure as CEO. Since we launched our first online casino in New Jersey, RSI has been at the forefront of the online gaming industry. Richard has been a key partner to me and Neil in building RSI from the very beginning. His extensive knowledge of online gaming space and his understanding of the customer has been integral in establishing RSI as a leader in our industry. Now that we're operating in 11 jurisdictions and we've successfully transitioned to a public company, the time is right for Richard to become CEO and to assume day-to-day responsibilities for executing RSI's strategy. As the second largest shareholder and vice chairman of the board, I'm confident there is no one better suited to execute RSI's business plan. I'm excited to continue working with Richard and our highly talented management team to maintain our industry-leading position and to drive value for all of our shareholders. With that, I'll turn the call over to Richard to discuss our second quarter results.

Disclaimer

This conference call transcript was computer generated and almost certianly contains errors. This transcript is provided for information purposes only.EarningsCall, LLC makes no representation about the accuracy of the aforementioned transcript, and you are cautioned not to place undue reliance on the information provided by the transcript.

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