Tag Archives DraftKings

DraftKings Incorporated losses balloon despite growing revenues

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American online sports wagering innovator DraftKings Incorporated has reportedly released its financial results for the first nine months of 2019 showing that its net debt for the period had increased by over 50% year-on-year to hit just over $114.08 million. According to a Monday report from the Boston Business Journal newspaper, the firm behind ...

DraftKings renews partnership with Madison Square Garden

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DraftKings has announced the renewal of its partnership with the Madison Square Garden Company (MSG) (NASDAQ: MSG), which will see the Boston-based operator become sports betting partner of the National Basketball Association’s (NBA) New York Knicks and the National Hockey League’s New York Rangers as well as the New York City arena. According to ...

DraftKings Incorporated brings online and mobile sportsbetting to New Hampshire

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American online sports wagering innovator DraftKings Incorporated has closed out the year by announcing that adult sportsbetting aficionados in New Hampshire are now able to utilize its services to enjoy a wide range of betting entertainment. The Boston-headquartered firm used an official press release to detail that it has gone live in ‘The Granite ...

DraftKings to merge with Diamond Eagle Acquisition Corp. and SBTech; becoming public company

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DraftKings, a daily fantasy sports and bookmaker, is merging with Diamond Eagle Acquisition Corp. and SBTech, to become a public company. Because the merger includes a special purpose acquisition company, DraftKings will become public and avoid the standard IPO process. New Deal: The new merger was announced on Monday. With DraftKings combining with the ...

Contract extension signed between Kambi Group and DraftKings

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Top-rated global sports betting provider, Kambi Group plc, has announced a contract extension has been signed with DraftKings. The two companies signed a multi-state option, which allows the partnership to be viable via eight additional states. Moving Forward: Kambi and DraftKings were already working together in New Jersey, with the terms of the deal ...

DraftKings agrees new multiyear deal to become ‘Authorized Gaming Operator’ for MLB

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Fantasy sports and sports betting provider, DraftKings Inc., recently announced that it has entered into a multi-year agreement with Major League Baseball (MLB) to be an official league partner. The professional baseball organization inked a similar deal with American global hospitality and entertainment company, MGM Resorts International, in November 2018. According to the official ...