Sports
May 19, 2020
DraftKings Offers Bundesliga Streaming as League Tops Viewership
DraftKings makes another successful move as, under a new partnership, Bundesliga games can now be streamed via the company’s betting application. The return of the Bundesliga saw millions of viewers tune in to watch worldwide. DraftKings Ties up Agreement to Stream Bundesliga Soccer Games Exciting news for Bundesliga fans as league matches will be available […]
Business
May 18, 2020
DraftKings Says Esports Betting is “Pent-up” Demand for Sports
According to DraftKings CEO Jason Robins, “pent-up” demand for sports has pushed many people to try alternative sports betting markets. Unfulfilled Demand for Sports Pushes Fans into Other Betting Markets DraftKings CEO Jason Robins spoke to CNBC’s Jim Cramer on Friday, providing another update on the sports betting industry and particularly the uptick in demand […]
Business
May 15, 2020
DraftKings Reported Q1 2020 Growth, Despite the Lack of Sports
DraftKings issued today its first quarter financial results after the tie-up with SBTech, posting $113.4 million in revenue and a net loss of $74 million. Despite worse than expected, these results did not affect buying appetite of investors, with DraftKings shares up more than 10% at one stage during the trading day. First Quarter Revenue […]
Business
May 12, 2020
George Soros Among the High-Profile Investor Names Behind DraftKings
DraftKings Inc, the recently listed on the NASDAQ sports betting and online gambling company, has some high-profile names among its shareholders. Besides The Walt Disney Company that ended up as a passive investor into the fantasy sports and sports book provider through the acquisition of Fox Sports, it turns out Quantum Partners, the investment vehicle […]
Sports
May 3, 2020
Will the Exotic Sports of Today Keep Their Popularity?
A number of sports betting and gambling industry experts discussed whether obscure sports would continue to generate traffic and interest once all sports are back to normal. Traditional Sports Postponed, Interest Grows Towards Less Popular Tournaments In an article published by CDC Gaming, a number of key gambling personalities have talked about the validity of […]
Business
May 2, 2020
Sports Betting in Colorado Went Live as Planned, Waiting for Sport to Restart to Show Its Hand
Last week the long-awaited launch of sports betting in Colorado became official, after the Colorado Limited Gaming Control Commission put all efforts, including holding special meetings to approve new licenses, to meet its predefined schedule date May 1. DraftKings and FanDuel Among the First Sports betting in the state became legal November 2019, when the […]
Business
May 1, 2020
DEAC Filing to Clear DraftKings for Nasdaq Listing Reveals Shareholders, Other Merger Details
Diamong Eagle Corp /DEAC/, the Special Purpose Acquisition Company /SPAC/ created for the merger between DraftKings and SBTech, announced last week its shareholders approved the deal that involved the Boston-based fantasy and sports book operator and the European technology provider. Subsequently, this meant that since Friday, April 24, DraftKings started trading on the NASDAQ as […]
Casino
April 30, 2020
DraftKings Soft-Launches Online Casino in Pennsylvania
DraftKings has been granted with an online casino soft-launch by the Pennsylvania Gaming Control Board, scheduled to take place in the time interval of 2 -10pm Wednesday and 1-11pm Thursday, local time. Provided that the online gambling operations are working according to the expectations of the regulator during the two-day test period, the sports betting […]
Business
April 24, 2020
DEAC Finalizes DraftKings and SBTech Merger
Diamond Eagle Acquisition Corp. (DEAC) has given the go-ahead for the acquisitions of DraftKings and SBTech, leading to a new giant in the gambling industry. During the meeting held on Wednesday, April 23, the majority of shareholders – in charge of 99.7% of DEAC stock, supported the previously announced deal. Around 0.3% objected or abstained […]
Business
April 17, 2020
Inspired and DraftKings Sign a Contract for Virtual Sports
The two gaming and betting giants – Inspired Entertainment and DraftKings – will sign a partnership contract for virtual sports. Inspired and DraftKings Sign Virtual Sports Contract On April, 16 when games technology Inspired Entertainment said that the company had signed a contract with sports betting and daily fantasy operator DraftKings. Based on the contract […]