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Online Gambling Player Rush Street Wins Support of Blank Check Firm To Go Public

PYMNTS

Chalk up another major deal for blank check companies, one of Wall Street’s hottest new trends, with online gambling and sports betting company Rush Street Interactive ’s announcement that it will be going public. RSI is projecting $321 million in revenue for its fiscal 2021.

Online 142
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Digital Approaches To Retail And Disbursements

PYMNTS

In merchant innovation, consumers are increasingly beginning their shopping trips online , and a growing number are deciding to finish their journeys there. Data: $80M : Amount of the recent capital infusion for Chicago-based Cooler Screens. All this, Today in Data. 5.4% : Portion of U.S. households counted as unbanked in 2019.

Retail 133
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CRE risk management: Navigating hazards and opportunities

Abrigo

WATCH Takeaway 1 Banks and credit unions are critical sources of capital for businesses in their communities, so how institutions assess CRE credits matters. Takeaway 3 Loan-level stress testing can help assess repricing risk, while capital stress testing helps clarify the impact of CRE loan losses on capital.

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The Gap Sets Out Digital-First Strategy

PYMNTS

The three-year formula will focus on product assortment, customer loyalty and brand awareness, online sales and omnichannel capabilities and a revised store profile. This week Starwood Retail Partners defaulted on one of its suburban Chicago malls. The Chicago property is the nearly 1 million-square-foot Louis Joliet Mall.

Strategy 150
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PayPal Provides $5M In Grants To Support Minority Businesses

PYMNTS

The grants are part of the San Jose, California-based worldwide online payments system’s $530 million pledge made earlier this year to strengthen minority communities and fight for economic equality and racial justice. “To PayPal Holdings Inc. provided $5 million in grants to support Black-owned businesses in the U.S.

San Jose 261
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GoHealth Ready To Launch $750M IPO

PYMNTS

Chicago-based GoHealth has filed to raise $750 million in an initial public offering (IPO) of its Class A common stock, according to an amendment to its registration seen by Seeking Alpha. Thus far, the company has received $869 million from investors, with one of them being Centerbridge Capital Partners.

Chicago 150
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DoorDash Dives Into Grocery Delivery Business

PYMNTS

Chicago, Cincinnati, Milwaukee, Detroit and Indianapolis customers can order from Meijer and Fresh Thyme. DoorDash’s on-demand grocery service is a nice addition to our online shopping options, and with delivery in under an hour, we know Smart & Final customers are going to appreciate it.”.