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Technology Stocks
DraftKings, Inc. / Online Gambling
An SI Board Since April 2020
Posts SubjectMarks Bans Symbol
146 17 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
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ReplyMessage PreviewFromRecsPosted
146Tuesday - October 20 Lockup periods expire on DraftKings (NASDAQ:DKNG)Julius Wong1last Saturday
145What Turner Sports, DraftKings and FanDuel could get out of their new sports betGlenn Petersen-last Friday
144DraftKings strikes another media partnership, this time with AT&T’s Turner SGlenn Petersen-October 15
143DraftKings +3% after analysts back sports betting story Oct. 12, 2020 7:59 AM ETJulius Wong1October 12
142DraftKings (DKNG) – A secondary stock offering by the sports betting company wasGlenn Petersen-October 7
141The registration statement for the offering: DRAFTKINGS TO RAISE $1 BILGlenn Petersen-October 5
140Yes, he is quite popular with the Robinhood crowd and partially responsible for Glenn Petersen-October 5
139Barstool Sports founder Dave Portnoy says he’s the most talked about person on WJulius Wong-October 5
138DKNG needs to acquire a Barstool-like property, even if they have to overpay. DGlenn Petersen-October 5
137GAN pops after signing long-term agreement with Wynn Resorts Oct. 5, 2020 7:08 AJulius Wong1October 5
136DraftKings readies stock offering; shares down 5% Oct. 5, 2020 7:27 AM ET|About:Julius Wong2October 5
135DKNG cracks $60 PENN raises $982 million. BARSTOOL SPORTSBOOK PARENT JOINS SPORGlenn Petersen1October 2
134Caesars shoots lower than expected with $3.7 billion William Hill bid PUBLISHEDGlenn Petersen1September 28 DraftKings +3% after Argus upgrade, Pac-12 football return Sepsixty2nds1September 25 DraftKings on watch with Macquarie pointing to rapid expansionsixty2nds1September 24
131DraftKings, New York Giants agree to exclusive sports betting deal PUBLISHED WEGlenn Petersen1September 16
130DraftKings sized up by analysts after blockbuster ESPN deal Benchmark Company Julius Wong2September 15
129That's a big deal for DKNG. ESPN GOES BIG ON SPORTS BETTING, WILL INTEGRATEGlenn Petersen2September 14
128DraftKings pops after inking exclusive ESPN deal Sep. 14, 2020 12:14 PM ET|AboutJulius Wong2September 14
127I like GAN, with one caveat. While its business model - providing the plumbing fGlenn Petersen-September 9
126What do you think of GANTheJackofHearts-September 9
125The next several years are going to be a land grab for the online sports books. Glenn Petersen-September 9 Accel and DraftKings rally after unveiling collaboration in Ilsixty2nds1September 9 Huge bull call on DraftKings from Evercore ISI Sep. 9, 2020 10sixty2nds1September 9
122DKNG does a soft launch in Ireland on the its SBTech platform: WHAT THE FIRST DGlenn Petersen-September 7
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