Rush Street Interactive Co-Founder Greg Carlin has stepped away from the casino operator with immediate effect over the yuletide period.
The surprise move was revealed in an SEC update for Rush Street Interactive, which operates the online sportsbooks BetRivers and PlaySugarHouse, although the statement looked to play down the sudden departure by stating: “Mr. Carlin’s decision was not the result of any disagreement with the Board or the Company on any matter relating to its operations, policies or practices.”
Carlin informed Executive Chairman Neil Bluhm, another co-founder of the business, of his intention to leave on December 28. Carlin was CEO of Rush Street Interactive until last summer, when he moved to the position of Vice Chairman, with third co-founder Richard Schwartz taking the CEO role.
The statement added: “The Company and the Board express their sincere appreciation for Mr. Carlin’s service to the Company and his valuable contributions to the Board.
“In connection with his resignation, Mr. Carlin has agreed on behalf of himself and certain affiliated trusts, to, among other things, refrain for a period of 12 months from selling more than four million shares of the Company’s Class A common stock (which represents less than 12% of Mr. Carlin’s directly and indirectly held common stock of the Company), unless otherwise approved by the Company.”
Carlin has left Rush Street Interactive almost 12 months since the firm was listed via SPAC and the company has continued to progress throughout 2021 and doubled the number of states it offered real-money gaming operations to 12 US states. The most recent big announcement for the firm was the deal to open a physical sportsbook at the Pro Football Hall of Fame in Canton, Ohio.