Business
April 7, 2023
Cathie Wood’s ARK Trims DraftKings Position after Selling Over 294,000 Shares
The issuer of actively managed exchange-traded funds (ETFs) has announced it sold 294,143 shares of the operator in the context of the stock collapsing. This way, Cathie Wood’s ARK Investment Management took part in a wider market sell-off stimulated by the disappointing forecast for jobs in the private sector in the previous month. Label Label […]
Sports
April 6, 2023
DraftKings Seeks to Expand Betting Markets with Boston Marathon
The upcoming event is set for April 17 and is one of the most popular amateur-and-professional-athletes races. It’s open to everyone who wishes to participate and excites a lot of interest in fans, and maybe soon – sports bettors. Massachusetts to Decide on Boston Marathon Betting Today Now, DraftKings believes that it can turn the […]
Industry
March 31, 2023
Paysafe Enters Massachusetts with Two Strategic Partnerships
Paysafe has taken advantage of its long-lasting relationship with the two high-profile operators to enter a ripe new market. Online sports betting in Massachusetts launched on 10 March, with leading sportsbooks fighting to secure a market share. Caesars and DraftKings understand the importance of a smooth transaction experience, making their partnership with Paysafe a significant […]
Business
March 30, 2023
In 2022 DraftKings Spent $2M on Security, Airplane Costs for CEO
A recently-published Schedule 14A filing with the Securities and Exchange Commission (SEC) reveals financial data about DraftKings’ co-founder and CEO, Jason Robins’, expenses. The financial document points out that DraftKings spent nearly $2 million on airplane and security costs for Robins throughout 2022. Moreover, the CEO and co-founder also had some $131,607 expenses attributable to […]
Business
March 29, 2023
DraftKings CEO Makes Show of Strength on Twitter about Company Future
Speaking to his 27,700 followers, Robins discussed the company’s recent successes and more importantly – the company’s future. He acknowledged that there have been ebbs and flows in the company’s fortunes, but this was alright. DraftKings Navigating a Bear Market DraftKings, he noted, became a publicly-traded company in 2020, and has been doing fairly well, […]
Business
March 28, 2023
High 5 Games to Supply DraftKings Ontario with Games
High 5 Games, one of the largest independent providers of casino games, has announced a new agreement with the gambling giant DraftKings. Under the new agreement, the supplier will power DraftKings’ operations in Ontario with content. As a result of the partnership between High 5 Games and DraftKings, players in Ontario will get to play […]
Industry
March 23, 2023
DraftKings Expands Las Vegas Presence via New Office Facility
Sports betting and fantasy sports operator DraftKings opened a new technology hub in Las Vegas, ceremonially cutting the ribbon of the new 90,000-square-foot facility located in the UnCommons district on the southwest valley. Modern Working Environment The new office, DraftKings’ second-largest in the US, features more than 130 dedicated sports trading desks placed in a […]
Blockchain
March 17, 2023
DraftKings Faces Legal Woes as the NFT Market Tanks
DraftKings’ substantial investments into the NFT space have drawn their share of controversy as prices plummet and user interest wanes. The operator also faces a class action lawsuit for allegedly marketing its NFTs as securities without proper registration. DraftKings continues to press on with NFT-based promotions and partnerships and will likely continue to do so […]
Industry
March 14, 2023
DraftKings and Boot Hill Casino Create Ultimate Sports Betting Destination
KWCH reported that the opening of the new DraftKings retail sportsbook at the Boot Hill Casino & Resort in Dodge City, Kansas, marks a significant milestone in the state’s sports betting industry. New Sportsbook at Boot Hill Casino Offers Top-Notch Features for Sports Bettors The Boot Hill Casino’s new sportsbook is a partnership between DraftKings […]
Industry
March 10, 2023
NeoGames’ Pariplay to Launch Content with DraftKings in New Jersey
Provider of iLottery and iGaming solutions NeoGames SA announced today that its subsidiary, Pariplay, signed an agreement with DraftKings to launch content in New Jersey. Starting in New Jersey The new content deal with DraftKings will allow Pariplay to make its mark in the growing North American online casino market, starting in New Jersey and […]
