Executives of Rush Street Interactive (RSI) professed to be unruffled by Brazil’s recent ban on iGaming and online sports betting, addressing the topic during their third-quarter earnings call late on October 28.
“We were very disappointed by the decision,” CEO Richard Schwartz said of the edict, which he predicted would be counterproductive, driving players to the black market. “Clear rhetoric” during the just-concluded presidential campaign indicated, he said, that Brazil’s was a risky climate. Still, “we always have to remain open-minded if there are opportunities” to do business.
“Brazil has been an ongoing issue for years,” the CEO continued, and a very unpredictable one.”
