Rush Street Interactive poaches AGCO chief legal officer as new MD for Canada business
Caughill, who joined RSI on 28 March, played a key role in developing the legislative and policy infrastructure for Canada’s first full-fledged regulated iGaming market.
He boasts more than 20 years of experience in Canada’s commercial gaming sector, having previously served in a number of executive roles at Falls Management Company, which is the business behind Canada’s largest integrated casino resort – Niagara Casinos.
RSI CEO Richard Schwartz said of the appointment: “We welcome Bruce who, with his unparalleled legal, operational and regulatory expertise in Canada’s gaming industry, will provide strong insight, guidance and counsel in this exciting new online market.
“Bruce’s proven leadership capability, extensive experience and strategic thinking make him a great addition to RSI,” he added.
As the new MD of RSI’s Canadian business unit, Caughill will provide leadership and support in both the commercial and administrative departments.Ontario, which would be the fifth biggest US state by population, is likely to present a major opportunity for licensed operators but will also be fiercely competitive.
Canada has played host to an active and profitable grey market for a number of years now and the regulation of iGaming in Ontario will see several of those incumbents compete with brand new entrants for market share in the province.
In order to create a level playing field, however, the AGCO has required all licensees to cease offering their products to Ontarians in advance of the market opening next week.
Caughill, who in 2008 received the Canadian Gaming Association’s national award for industry leadership and outstanding contribution, said: “I am excited to bring my years of experience in Canadian gaming to support RSI’s pursuit of opportunities in Canada.
“I am particularly excited at the prospect of supporting the many local Canadian employees as the company establishes its innovation hub here,” he added.
TheScore and Rivalry are among the Canadian companies set to launch in Ontario on 4 April, among stiff competition from the likes of 888, DraftKings, FanDuel, LeoVegas and others.
In fact, both FanDuel and DraftKings have been forced to shut down their daily fantasy sports (DFS) offerings in Ontario ahead of launching regulated online sports betting.