Tag Archives DraftKings

Illinois licenses for FanDuel Group and DraftKings Incorporated

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Prominent online sportsbook operators FanDuel Group and DraftKings Incorporated have reportedly been granted temporary licenses to begin offering their services to punters in the American state of Illinois. According to separate Monday reports from the domains at SportsHandle.com and LegalSportsReport.com, the awards from the Illinois Gaming Board come after Governor Jay Robert Pritzker signed ...

DraftKings Retail Sportsbook to make Colorado debut at Mardi Gras Casino in Black Hawk

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DraftKings has entered the Colorado sports betting market via Twin River Worldwide Holdings’ Mardi Gras Casino, according to a recent joint announcement. Guests at the casino in Black Hawk will be able to place bets at the temporary retail sportsbook from Friday, July 10, 2020, while construction on a permanent location is underway. “We ...

DraftKings Incorporated float creates an instant billionaire

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Last month’s reverse merger of American online sports wagering innovator DraftKings Incorporated with iGaming technologies firm SBTech Malta Limited has reportedly transformed the founder of the latter firm into an instant billionaire. According to a Monday report from Forbes.com, Israeli entrepreneur Shalom Meckenzie established SBTech Malta Limited in 2007 and was granted some 34.6 ...

DraftKings Incorporated strips Millionaire Maker winner of $1 million prize

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In the United States and allegations of collusion have reportedly led DraftKings Incorporated to strip the recent winner of its Millionaire Maker daily fantasy sports contest of her $1 million cash prize. According to a Sunday report from CBS Sports, Jade Roper Tolbert won the lucrative competition earlier this month after topping some 105,882 ...

DraftKings and FanDuel to debut in Blackhawk, Colorado via separate partnership deals with Twin River

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On the heels of finalizing the acquisition of a trio of casinos in Blackhawk, Colorado and gaming company, Twin River Worldwide Holdings, Inc. (NYSE: TRWH), has now announced separate market access partnership deals with FanDuel Group and DraftKings, Inc. The new agreements with the Rhode Island-based casino owner and operator allows sports fans in ...

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 ...