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Technology Stocks : DraftKings, Inc. / Online Gambling
DKNG 48.08-2.6%Oct 15 4:00 PM EDT

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To: Glenn Petersen who wrote (203)8/8/2021 1:41:25 PM
From: richardred  Read Replies (1) of 233
 
GCI--getting into the game

Additional Business Highlights:

  • Signed strategic sports betting agreement with Tipico US Technology, Inc. ("Tipico")
  • Tipico to become the exclusive sports betting and iGaming provider for Gannett , with integration of odds, props, free to play games and betting trends across the USA TODAY NETWORK
  • The five-year agreement includes $90.0 million in media spend by Tipico, together with performance incentives payable to Gannett for customer referrals. Subject to certain conditions being met over the five year term of the agreement, Gannett will have the right to acquire up to 4,990 common shares in Tipico's U.S. business, representing a minority share
  • Gannett will provide Tipico exclusive access to premium marketing assets at a prenegotiated value based upon the expected aggregate sum of the cash consideration, performance incentives, and right to acquire common shares
  • Launched digital subscription model at USA TODAY with subscriber-only content
  • Digital-only circulation subscribers totaled approximately 1.4 million at the end of the second quarter of 2021, up 41% compared to the same period in the prior year
  • Digital-only circulation revenues of $24.0 million grew 39.7% in the second quarter of 2021 compared to the same period in the prior year
  • 174 million average monthly unique visitors per ComScore in the second quarter of 2021 across USA TODAY NETWORK and U.K. digital properties
  • Report TOU ViolationShare This Post
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