SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks
DraftKings, Inc. / Online Gambling
An SI Board Since April 2020
Posts SubjectMarks Bans Symbol
164 20 0 DKNG
Emcee:  Glenn Petersen Type:  Moderated
On April 24, 2020, DraftKings, Inc., a digital sports entertainment and gaming company known for its industry-leading daily fantasy sports and mobile sports betting platforms, went public when it was acquired by Diamond Eagle Acquisition Corp., a Special Purpose Acquisition Corporation (SPAC). The transaction also included the acquisition of SBTech Global Limited, an international provider of cutting-edge sports gaming technologies.

In a press release announcing the close of the transaction, Jason Robins, the CEO and co-founder of DraftKings said, "Today marks another milestone for DraftKings and the future of digital sports entertainment and gaming in America. By bringing together our leading consumer brand, data science expertise and industry-leading products with SBTech's proven technology platform, we will accelerate our innovation, growth and scale. I am confident that the new DraftKings will progress our goal of offering the best, most innovative sports and gaming products to our customers."

In May 2018, the Supreme Court struck down a 1992 federal law that effectively banned commercial sports betting - including online betting - in most starts, thus opening the door to legalizing the estimated $150 billion in illegal wagers on professional and amateur sports that Americans make each year.

For the year ended December 31, 2019, the consolidated entity had revenues of $431,834,000 and a net loss of $139,893,000, equal to $(.42) per fully diluted share.

On the first day of trading for the shares of the newly public DraftKings, trading under the symbol DKNG, closed at $19.35, up $1.82 for the day.

There are approximately 336,631,000 shares outstanding.

There are also 13,333,333 publicly traded warrants outstanding. The warrants, which trade under the symbol DKNGW, have an exercise price of $11.50 per share.

Feel free to share your experiences on the DraftKings website.

Additional Resources
DraftKings Website
DraftKings Investor Relations
DraftKings SEC Filings

Industry Resources
Legal Sports Report
Previous 25 | Next 25 | View Recent | Post Message
Go to reply# or date (mm/dd/yy):
ReplyMessage PreviewFromRecsPosted
164From CNBC.com: DraftKings — Shares popped more than 6% after the New York DailyGlenn Petersen-January 6
163CLOSING TIME: FLUTTER AND CAESARS SECURE KEY APPROVALS FOR US SPORTS BETTING ACQGlenn Petersen112/29/2020
162DMYT closed at $22.76 today; RSI starts trading tomorrow. Rush Street InteractiGlenn Petersen-12/29/2020
161LCA closed at $25.49 today; GNOG starts trading tomorrow. Landcadia Holdings IIGlenn Petersen-12/29/2020
160I agree that we are on a huge upward trend .. and I am an investor. However, I tom_trades_spy_calls-12/21/2020
159As legal betting booms, journalists jump from sports page to sportsbook Ben StrGlenn Petersen-12/20/2020
158PENN headed to $106. schrts.coRarebird-12/8/2020
157I suspect that we will be seeing a FanDuel offering within the next year. FLUTTGlenn Petersen112/4/2020
156Why DraftKings Stock Could More Than Double By Connor Smith Barron's Nov. Glenn Petersen-11/17/2020
1555-star call. A ways to go for new highs.rogermci®-11/13/2020
154Press Release Form 10-Q DraftKings stock jumps after reporting third-quarter bGlenn Petersen-11/13/2020
153I have big positions in ITOCY and MITSY. I will buy SCJ on a decent pull backRarebird-11/11/2020
152Thanks for pointing that out. Both stocks were around 35 at the time. I sold wrogermci®-11/11/2020
151PENN -DKNG have both bottomed. You can place a stop at the most recent lows. TheRarebird-11/11/2020
150LSR Q&A: 888 ON THE HUNT FOR THE NEXT BARSTOOL DEAL POSTED ON NOVEMBER 5, 2Glenn Petersen-11/5/2020
149MORE THAN HALF OF STATES NOW HAVE SPORTS BETTING AS MARYLAND, LOUISIANA, SOUTH DGlenn Petersen211/4/2020
148The London based Genius Sports Group is going public via a SPAC deal: Message 3Glenn Petersen-10/27/2020
147Two new SPACs, one already public, are in the market for an online gaming acquisGlenn Petersen-10/26/2020
146Tuesday - October 20 Lockup periods expire on DraftKings (NASDAQ:DKNG)Julius Wong110/17/2020
145What Turner Sports, DraftKings and FanDuel could get out of their new sports betGlenn Petersen-10/16/2020
144DraftKings strikes another media partnership, this time with AT&T’s Turner SGlenn Petersen-10/15/2020
143DraftKings +3% after analysts back sports betting story Oct. 12, 2020 7:59 AM ETJulius Wong110/12/2020
142DraftKings (DKNG) – A secondary stock offering by the sports betting company wasGlenn Petersen-10/7/2020
141The registration statement for the offering: sec.gov DRAFTKINGS TO RAISE $1 BILGlenn Petersen-10/5/2020
140Yes, he is quite popular with the Robinhood crowd and partially responsible for Glenn Petersen-10/5/2020
Previous 25 | Next 25 | View Recent | Post Message
Go to reply# or date (mm/dd/yy):