Sports
August 30, 2021
Oregon Lottery Commission Approves Switch to DraftKings
The Oregon Lottery Commission has given the green light to replace the existing SBTech platform with DraftKings’ dedicated sportsbook. As a result, moving forward, the Oregon Lottery will use a sports betting experience that is predicated on DraftKings’ best practices across the United States. However, before the implementation may be completed, there will be a waiting period […]
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 […]
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 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 […]
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 16, 2020
DraftKings Going Public After Merger with SBTech and Diamond Eagle
DraftKings plans to become a public company as soon as the merger with SBTech and Diamond Eagle is completed. DraftKings, SBTech and Diamond Eagle merger Fantasy sportsbook DraftKings is awaiting an approval to go public following a discussed merger with SBTech and Diamond Eagle. Harry Sloan and Jeff Sagansky are leading the public acquisition. With […]
Business
March 31, 2020
Cyberattack Hits SBTech, Websites Offline Last Weekend
Cyberattack on SBTech caused the supplier to temporarily suspend service to more than 50 websites over the last weekend. SBTech Hit by Cyberattack A potential security threat to SBTech was detected by their monitoring system late on Friday, March 27. The cyberattack was quickly identified as a serious one and flagged, which resulted in the […]
Legal
March 6, 2020
SBTech Lost First Round Of Legal Battle With Oregon Lottery
The Circuit Court in Oregon ruled against SBTech, stating that the contract terms with the lottery in the state should be disclosed in full. The State Lottery Contract SBTech, the provider of the technology behind the online and retail sportsbook operations in Oregon, the Scoreboard, filed a suit to prevent the release of trade secrets […]
Business
February 11, 2020
SBTech Becomes Wanabet.es’ Official Sports Betting Technology Partner
SBTech has spread its wings even further thanks to a recent partnership with Wanabet.es, a Spain-focused online gambling operator. As part of the partnership agreement between the two companies, SBTech will now be the R. Franco Group-owned online sports betting brand’s official sports betting technology provider. Why SBTech? As hinted earlier, SBTech is no stranger […]