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

PYMNTS

The blank check operation that will take Rush Street Interactive public fits the profile. RSI currently holds online gambling licenses in Illinois and Pennsylvania, states where Bluhm’s company Rush Street Gaming has casinos, as well as New Jersey, Colorado and Indiana. RSI is projecting $321 million in revenue for its fiscal 2021.

Online 142
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Possible Sale Of Cars.com Comes Amid Stronger Digital Ties For Automotive

PYMNTS

The paper reported that, in May, the online retailer “added two directors to its 11-member board that were nominated by activist investor Starboard Capital. These are busy times for the intersection of digital and automotive, with a variety of players trying to get a piece of the market. The takeaway of those personal moves?

Indiana 105
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Verizon 5G Network Launch Foreshadows Mobile Commerce Changes

PYMNTS

The announcement from the mobile network provider serves as the latest demonstration that 5G is coming, and that retailers and payment services providers should get ready to operate in the 5G world. 5G Potential. A glimpse of the 5G future recently came from the Mobile World Congress in Barcelona.

Mobile 168
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CFPB: Are They Coming to Get You?

Jeff For Banks

Shouldn't the CFPB work to address the impediments to starting a bank in LMI markets rather than punish community banks who scrambled to serve their customers when the economy shut down? The operating cost is largely attributable to the distribution through the branch network and regulation. The edited Q&A is below.

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How Can Banks Thrive in the Next Five Years?

Jeff For Banks

The money market mutual fund became a formidable competitor to the bank account. First Internet Bank in Indiana was founded in 1998. In Pennsylvania, Rocket has number 1 market share. They are/were the business owners, demanders of capital and loans, and significant depositors. And products started migrating online.

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Banking's Top 5 in Total Return to Shareholders: 2019 Edition

Jeff For Banks

I chose five years because banks that focus on year over year returns tend to cut strategic investments come budget time, which hurts their market position, earnings power, and future relevance than those that make those investments. Total return includes two components: capital appreciation and dividends. First Capital, Inc.

Indiana 78
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Banking's Top 5 in Total Return to Shareholders: 2018 Edition

Jeff For Banks

I chose five years because banks that focus on year over year returns tend to cut strategic investments come budget time, which hurts their market position, earnings power, and future relevance than those that make those investments. Total return includes two components: capital appreciation and dividends. Oregon Bancorp, Inc.

Oregon 101