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Technology Stocks
DraftKings, Inc. / Online Gambling
An SI Board Since April 2020
Posts SubjectMarks Bans Symbol
107 16 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
107Rush Street's Investor presentation: sec.govGlenn Petersen-Monday
1063 SPACs Investors Should Keep on Their Radar TRNE, GMHI, FEAC fool.comJulius Wong-Monday
105[youtube video] Rush Street Interactive CEO on decision to go public through SPGlenn Petersen-July 29
104How Does the Coronavirus Affect Sports Betting? New York Times July 28, 2020 [gGlenn Petersen-July 28
103DraftKings extends deal with PGA Tour to become official betting operator PUBLGlenn Petersen-July 28
102DraftKings stock falls after MLB cancels 2 games due to coronavirus outbreak PUGlenn Petersen-July 27
101Another online gambling company, the Chicago-based Rush Street Interactive, may Glenn Petersen-July 24 DraftKings unveils new name for East St. Louis casino Jul. 23,sixty2nds-July 23
99DraftKings and FanDuel Receive Temporary Operating Permit in Illinois, Launch ImGlenn Petersen2July 21 DraftKings inks sports betting partnership with the Premier Lasixty2nds-July 16 DraftKings +3% after launching casino app in West Virginia Julsixty2nds-July 16 DraftKings launches mobile casino app in Pennsylvania Jul. 14,sixty2nds1July 16
95PENN-DKNG stock price battle now neck and neck!rogermci®-July 16
94PENN was up 18% yesterday. A few days ago they announced that 90% of their casinGlenn Petersen2July 16
93GVC, MGM Pledge To Spend ‘Whatever It Takes’ With DraftKings In Their Sights Glenn Petersen-July 10
92The headline is misleading. Golden Nugget is not yet public. Landcadia has not yGlenn Petersen1July 9
91I agree with John DeCree of Union Gaming and his opinion that "Barstool is rogermci®-July 2
90Barstool Sports backer gets ready to take on DraftKings By Paul R. La Monica,Glenn Petersen1July 2
89DraftKings Sportsbook Illinois Now Looks Like It Might Launch a Lot Sooner Than Glenn Petersen-July 1 DraftKings extends deal with Stats Perform Jun. 29, 2020 12:26sixty2nds2June 29
87Yep, saw that. Had a buy order on DKNG at 30.55. Did not fill. Some trades worogermci®-June 29
86This probably explains the weakness in DKNG this morning: LCA is up $2.96 this Glenn Petersen1June 29
85Market might hit some bumps due to the virus but I'm not quite ready to throrogermci®-June 28
84It's possible. I think that the market is going to hit some major bumps due Glenn Petersen1June 28
83Back to the 50 DMA at 30.50? Would certainly be a great place for a long trade.rogermci®1June 28
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