Rush Street Gaming Announces Planned CEO Succession

Longtime CFO, Tim Drehkoff, to become CEO; Greg Carlin departs

CHICAGO--(BUSINESS WIRE)--Rush Street Gaming today announced the planned departure of Greg Carlin, CEO and Co-Founder, and the appointment of longtime Rush Street Gaming executive Tim Drehkoff from CFO to CEO. The transition is effective May 1, 2022.

Rush Street Gaming Chairman Neil Bluhm said, “We thank Greg for his many contributions and for helping to build a great business. Greg has a proven eye for recruiting and developing top talent, of which Tim is a great example. We wish Greg the very best and look forward to many future successes under Tim’s leadership.”

Tim Drehkoff has been with Bluhm and Rush Street Gaming for nearly 20 years and CFO since 2012. His proven leadership has earned respect companywide and industrywide. Most recently, Drehkoff has been focused on Rush Street’s vision for developing Chicago’s growing casino industry, along with other emerging U.S. and international gaming markets.

Drehkoff has spearheaded more than $2 billion in capital investments and $8 billion in successful debt financings, across multiple gaming jurisdictions, during his tenure. Prior to Rush Street, Drehkoff was a vice president with LAMB Partners, Bluhm’s family office. Drehkoff earned an undergraduate degree in economics and his MBA both at The University of Chicago.

Rush Street Gaming’s early success included the 2004 opening of Fallsview Casino Resort in Ontario, Canada—today, one of the top-performing destination casinos in North America. Rush Street has also produced several U.S. ground-up, market-leading casino developments in Vicksburg, Mississippi; Pittsburgh, Pennsylvania; Philadelphia, Pennsylvania; Des Plaines, Illinois; Schenectady, New York; and Portsmouth, Virginia—where construction is currently underway.

“Rush Street is in great hands with Tim as CEO, and we’ve never had a more talented group of executives at all our properties,” said Carlin. “It has been the honor of a lifetime to start a business with Neil and develop and operate six successful casino projects, all of which have had a positive impact on their host communities. I’m especially proud of the culture we’ve built, and I’m excited about the path ahead for Rush Street Gaming and for myself. My sincere gratitude to the entire Rush Street Gaming team.”

About Rush Street Gaming

Rush Street Gaming and its affiliates have developed and operate successful casinos in Pittsburgh, Pennsylvania; Philadelphia, Pennsylvania; Des Plaines, Illinois; Schenectady, New York; and upcoming in Portsmouth, Virginia. By placing an emphasis on superior design and outstanding customer service, Rush Street Gaming has become one of the leading casino developers in the United States. Existing casinos generate approximately $1.5 billion in annual gaming revenues, and all Rush Street Gaming casinos have been voted a “Best Place to Work” or “Top Workplace” by their Team Members.