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Technology Stocks
DraftKings, Inc.
An SI Board Since April 2020
Posts SubjectMarks Bans Symbol
48 14 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
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48What a power move in the stock along with PENN and GAN. Hottest group at the morogermci®1last Thursday
47DraftKings Is Betting on In-Game Betting The online sports gambling companyGlenn Petersen1last Thursday
46DraftKings Exploring Acquisition Of Bleacher Report From Turner Sports By MicGlenn Petersen1last Tuesday
45seekingalpha.com DraftKings seen fairly priced by Goldman Sachs May 19, 2020 8:sixty2nds-May 19
44And another: Canaccord Genuity raises their DKNG tgt to $35 from $25. Analysrogermci®-May 18
43Already up $2.00 in premarket trading.Glenn Petersen-May 18
42DraftKings target raised to $33 from $24 at Northland Capitalrogermci®3May 18
41DraftKings CEO says esports betting shows a ‘pent-up demand’ for sports PublishGlenn Petersen1May 17
40OPEX today. Monday will be telling.rogermci®-May 15
39Obviously, the market doesn't agree with the negative reaction of the analysGlenn Petersen1May 15
38First quarter 10-Q: sec.gov DraftKings posts weaker-than-expected first-quarterGlenn Petersen-May 15
37seekingalpha.com DraftKings higher after Susquehanna boost May 14, 2020 2:16 PMsixty2nds2May 14
36There will undoubtedly be some good news. Going higherrogermci®-May 14
35 DraftKings Inc. ( DKNG) (the “Company”, “DraftKings”), today announced that it Glenn Petersen1May 14
34Sports betting, two years later Jeff Tracy Axios May 14, 2020 [graphic][graphiGlenn Petersen1May 14
33Already up about $2.00 in premarket trading.Glenn Petersen-May 12
32Now you're talking! Going to be a huge winner.rogermci®-May 12
31George Soros Wagers on Sports Betting With DraftKings Stake By Miles Weiss BlGlenn Petersen2May 12
30Gan Ltd. is trading under the symbol GAN at approximately $14.00 per share. TherGlenn Petersen1May 11
29Analysis: After DraftKings Goes Public, Which Sports Betting Company Could Be NeGlenn Petersen1May 11
28Don't do the home game thing either...I don't want to lose a friend overGlenn Petersen-May 10
27seekingalpha.com DraftKings higher as another Wall Street firm gushes May 5, 20sixty2nds-May 7
26Glenn, I hit a ceiling with my trading couldn't go above X but had a floor isixty2nds1May 6
25Graham said investors should look towards the United Kingdom to better understanGlenn Petersen1May 6
24seekingalpha.com DraftKings attracts another bull May 4, 2020 8:22 AM ET|About:sixty2nds-May 4
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