Business
August 11, 2021
Jason Robins Says DraftKings Wants to Be Like Amazon
DraftKings CEO Jason Robins wants to follow Amazon’s example and create a company that transcends its original goal and purpose. Robins Talks about DraftKings Long-Term Goals as Company DraftKings CEO Jason Robins is the latest big gambling company executive who spoke with Varney & Co on Tuesday. Hosted by FOX Business’ Stuart Varney, the podcast dug into what […]
Legal
August 11, 2021
Draftkings’ Golden Nugget Purchase under Legal Scrutiny
A law firm will look into how Golden Nugget Online Gaming’s Board of Directors handled the company sale to DraftKings. Law Firm to Seek Whether Fiduciary Duties Have Been Met Just a day after DraftKings announced that it would acquire Golden Nugget Online Gaming (GNOG) in an all-stock deal valued at $1.56 billion, the law office of Brodsky & […]
Blockchain
August 11, 2021
DraftKings Marketplace to Drop First NFT Collectibles Today
DraftKings is launching its first NFT collectibles today to get in on the digital sports paraphernalia craze, and this first first features mega-NFL superstar Tom Brady. Changing the Rules of Fan Engagement DraftKings is going to drop its first NFT (non-fungible token) collectibles developed in partnership with Tom Brady’s Autograph.io today. The sports betting company announced in July […]
Business
August 9, 2021
DraftKings to Acquire Golden Nugget Online in $1.56B Deal
Daily fantasy and sports betting operator DraftKings announced today it entered into a definitive agreement to acquire Golden Nugget Online Gaming (GNOG) in an all-stock transaction. All-Stock Transaction Holding an implied equity value of approximately $1.56 billion, the acquisition of the online gaming arm of Tillman Fertitta’s Golden Nugget will enable the Boston-based gambling brand […]
Legal
August 9, 2021
SEC Investigating DraftKings over SBTech Acquisition
When known short-seller Hindenburg Research blasted DraftKings in June over its acquisition of SBTech, a certain amount of fallout was expected. It doesn’t take long before a few overzealous shareholders went on the offensive and sued the sports betting and fantasy sports giant, but the troubles don’t stop there. DraftKings is now under investigation by […]
Industry
August 6, 2021
DraftKings’ Second Quarter Earnings Posted 297% Growth
Daily fantasy, sports betting and gaming technology operator DraftKings reported today its second-quarter financial results, posting revenue of $298 million for the three months ended June 30, 2021. Nearly 300% Revenue Growth The quarterly revenue reading represents a 320% increase to the $71 million DraftKings generated in the respective quarter of 2020. However, after giving […]
Business
August 6, 2021
DraftKings Could be Coming to the Chicago Cubs and Wrigley Field
A visit to the iconic Wrigley Field in Chicago, IL, could be very different in the future. The field is home to the Chicago Cubs, who teamed up with DraftKings last year, and the idea since then has been to have a massive sportsbook at the stadium. That dream moved closer to reality this week […]
Business
August 5, 2021
DraftKings and Genius Sports Sign New Supplier Agreement
Leading sports betting and gaming operator DraftKings signed a new supplier agreement with sports betting data and content provider Genius Sports to take advantage of its full range of official data and fan engagement solutions, including the complete suite of products related to the NFL. Immersive Customer Experience The agreement signifying the importance of official […]
Industry
July 30, 2021
DraftKings Expands Live Presence with New Books in Michigan, Tennessee
DraftKings has done it again. Already having set the bar high for what sports betting operators need to offer, it is entering a new partnership that will raise the bar even higher. While it may have made its fortune focusing on digital gaming options, DraftKings is getting into the brick-and-mortar sports bar business, and sportsbooks […]
Business
July 28, 2021
DraftKings Signs Sponsorship Deal with Boston Red Sox
Leading daily fantasy and sports betting operator DraftKings announced today it reached a sponsorship agreement with the Boston Red Sox to become the official Daily Fantasy Sports provider of the professional baseball franchise. Expanding Local Presence The deal with the Red Sox will see the sports betting brand displayed throughout the home of the professional […]