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DraftKings Inc (DKNG)

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Last Post: 5/7/2021 11:08:46 PM - Followers: 162 - Board type: Free - Posts Today: 0



It is anticipated that the combined company will have an equity market capitalization at closing of approximately $3.3 billion and have over $500 million of unrestricted cash on the balance sheet.

“We are pleased to bring DraftKings and SBTech together as one public company,” said Harry E. Sloan, Founding Investor of Diamond Eagle. “DraftKings is already a premier online fantasy sports and betting platform. With the full integration of SBTech’s technology and innovative product expertise coupled with the right capitalization, DraftKings will be in a great position to continue its ambitious expansion plans in the United States. I have known Jason Robins for four years, and consider him a true entrepreneur. I believe our investors share my utmost respect for his vision and leadership.”

DraftKings Brand Highlights

Since becoming the first mobile operator to launch in New Jersey in August 2018, DraftKings has consistently maintained greater than 30% online market share, and for the nine months ended September 30, 2019, the company recorded 8.5x year-over-year revenue growth in the state. DraftKings currently offers mobile and online sports betting in Indiana, New Jersey, Pennsylvania and West Virginia, and retail locations in Iowa, Mississippi, New Jersey and New York.
DraftKings’ daily fantasy sports product is available in 43 states and 8 international markets including Australia, Canada and the U.K., has approximately 60% market share and leverages its customer acquisition and cross-selling model for its sportsbook and iGaming offerings.
DraftKings established a “one-platform” model by launching features like single sign-on, an integrated wallet and universal user profile, that allows a user to move seamlessly between a DFS contest, a sports wager and a hand of blackjack, enabling the company to quickly bring to market new offerings without reinventing the wheel of an entirely new back-end infrastructure.

SBTech Highlights

SBTech is a premier global full-service B2B turnkey technology provider with omni-channel sports betting solutions, trading services, and marketing and bonus tools powering some of the world’s most popular sports betting and online gaming brands.
50+ partners in 20+ regulated markets and jurisdictions including Czech Republic, Denmark, Ireland, Italy, Mexico, Portugal, Spain, Sweden, and U.K. and Arkansas, Indiana, Mississippi, New Jersey, Oregon and Pennsylvania in United States.
Awarded exclusive contract offering mobile and retail sports betting for the Oregon state lottery with their Oregon Lottery Scoreboard brand.
Title Of Each Class   Trading Symbol(s)   Name of each exchange on which registered
Units, each consisting of one share of Class A common stock and one-third of one redeemable warrant   DEACU   The Nasdaq Stock Market LLC
Class A common stock, par value $0.0001 per share   DEAC   The Nasdaq Stock Market LLC
Redeemable warrants, each warrant exercisable for one share of Class A common stock, each at an exercise price of $11.50 per share   DEACW   The Nasdaq Stock Market LLC



$DKNG; Diamond Eagle Announces Special Meeting Date to Approve Proposed Business Combination With DraftKings and SBTech
March 20 2020 - 12:00PM
Business Wire Print
Special Meeting Scheduled for April 9, 2020

Diamond Eagle Acquisition Corp. (“Diamond Eagle” or the “Company”) (Nasdaq: DEAC, DEACU, DEACW) announced today
that it has called the special meeting of its stockholders (the “Special Meeting”) for April 9, 2020, to, among other things,
approve the proposed business combination (the “Business Combination”) among Diamond Eagle, DraftKings Inc. (“DK”)
and SBTech (Global) Limited (“SBT”). Stockholders of record as of the close of business on March 20, 2020,
the record date for the Special Meeting (the “Record Date”), will be entitled to vote their shares at the Special Meeting either in person or by proxy.
Notice of the Special Meeting was mailed on March 20, 2020 to stockholders of record as of the Record Date.
Due to concerns about the coronavirus (COVID-19), the Company may hold the Special Meeting solely by means of remote communication or provide for the
ability of stockholders to attend the Special Meeting by means of remote communication. In that event,
the Company will announce that fact as promptly as practicable, and details on how to participate will be issued by press release,
posted on our website at 

and filed with the U.S. Securities and Exchange Commission (the “SEC”) as supplemental proxy material.

In connection with the Special Meeting, eligible Diamond Eagle stockholders that wish to exercise their redemption rights must do so no later than 5:00 p.m. Eastern Time on April 7,
2020 by following the procedures specified in the definitive proxy statement/prospectus for the Special Meeting, when available. 
In addition, institutional investors (including funds managed by Capital Research and Management Company, Wellington Management Company and Franklin Templeton) have committed to provide equity financing that will close concurrently with the Business Combination.

The closing of the Business Combination is subject to approval by Diamond Eagle’s stockholders and the satisfaction of other customary closing conditions and is expected to close as soon as practicable following the Special Meeting.

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DKNG News: DraftKings trades higher after showing off strong player growth 05/07/2021 07:42:41 AM
DKNG News: Quarterly Report (10-q) 05/07/2021 07:11:09 AM
DKNG News: Current Report Filing (8-k) 05/07/2021 07:09:19 AM
DKNG News: DraftKings EPS beats by $0.09, beats on revenue, boosts FY revenue guidance 05/07/2021 07:07:05 AM
DKNG News: DraftKings Reports First Quarter 2021 Results and Raises 2021 Revenue Guidance 05/07/2021 07:00:00 AM
News News Alert: DraftKings trades higher after showing off strong player growth 05/07/2021 07:42:41 AM
#5488  Sticky Note DraftKings Gets New $100 Price Target With Strong Golden_Cross 11/18/20 03:40:11 AM
#6170   What do you mean that is not what thehumanchessmachine 05/07/21 11:08:46 PM
#6169   Spending too much money on advertising in my Moonboy1 05/07/21 10:41:36 PM
#6168   Is this headed back to 20$? I mean Tincupx 05/07/21 03:33:06 PM
#6167   Just roped me some shares of this DKNG girlfriend 05/07/21 02:50:08 PM
#6166   What is happening right now!? I thought my Rccowboy 05/07/21 02:48:18 PM
#6165   Did everyone just decide to stop betting on Moonboy1 05/07/21 02:41:23 PM
#6164   Own sold off after earnings and is having Tincupx 05/07/21 02:13:18 PM
#6163   DraftKings Lifts 2021 Revenue Outlook as Online Gaming John-Knee 05/07/21 12:10:55 PM
#6162   “I’m reloaded!” $49’s $DKNG Biggiee 05/07/21 11:52:49 AM
#6161   Wonderful, I should have waited like 10 tens SavageInvestor 05/07/21 11:30:36 AM
#6160   Draft Kings is having a Flash Sale! Get DirtCheap78 05/07/21 10:40:22 AM
#6159   I picked up more at $52. No reason Cubs17 05/07/21 10:29:57 AM
#6158   To the moon. Lmao SavageInvestor 05/07/21 09:40:48 AM
#6157   https://stocktwits.com/SwingTradeToronto/message/326620159 thehumanchessmachine 05/07/21 07:41:23 AM
#6156   DraftKings Reports First Quarter 2021 Results and Raises John-Knee 05/07/21 07:05:11 AM
#6155   http://newsfilter.io/a/5eaaee8ffbf717d500d534b111d2b3a4 thehumanchessmachine 05/07/21 07:03:56 AM
#6154   Correct Panzer 05/06/21 02:47:28 PM
#6153   I just bought another 500 at 51.90 myself thehumanchessmachine 05/06/21 12:53:26 PM
#6152   I couldn’t resist and bought more on today’s John-Knee 05/06/21 12:42:03 PM
#6151   Reloading here bigly Panzer 05/06/21 12:42:00 PM
#6150   I also believe in three months this level thehumanchessmachine 05/06/21 12:13:35 PM
#6149   Was by far and wide the most used ///M3 05/06/21 12:04:27 PM
#6148   Ignore the daily moves and you will be thehumanchessmachine 05/06/21 10:58:21 AM
#6147   It will recover. One thing I’ve learned about Rccowboy 05/06/21 10:39:43 AM
#6146   Jesus. This thing dropped because PENN had better SavageInvestor 05/06/21 10:29:21 AM
#6145   Back in the kings ///M3 05/06/21 10:02:43 AM
#6144   Why? Look what happened to Penn Tincupx 05/06/21 09:35:52 AM
#6143   DKNG Rccowboy 05/06/21 08:52:20 AM
#6142   Sorry. My E*TRADE was glitching. Everything look like Rccowboy 05/06/21 08:51:20 AM
#6141   Exactly what I need to see..,thanks thehumanchessmachine 05/04/21 03:07:54 PM
#6140   Power hour lets roll DayTraderOG 05/04/21 02:53:23 PM
#6139   I understand completely! thehumanchessmachine 05/04/21 02:45:42 PM
#6138   DraftKings Likely to Raise Full-Year Revenue Guidance Amid John-Knee 05/04/21 02:11:23 PM
#6137   DraftKings is not for the faint at heart. John-Knee 05/04/21 01:07:39 PM
#6136   Is all about that ! Earnings and specially thehumanchessmachine 05/04/21 12:39:26 PM
#6135   The whole market in general is down. Earnings John-Knee 05/04/21 11:50:28 AM
#6134   ??? No it’s not suspended. SavageInvestor 05/04/21 11:19:09 AM
#6133   It will be back up soon ! thehumanchessmachine 05/04/21 10:00:21 AM
#6132   Is it suspended right now? Rccowboy 05/04/21 09:50:28 AM
#6131   Kinda regret buying DKNG at $57. Seems like SavageInvestor 05/04/21 09:46:23 AM
#6130   Keep them coming !!! They will reflect in thehumanchessmachine 05/03/21 08:08:12 AM
#6129   --Cowen Upgrades DraftKings to Outperform From Market Perform; John-Knee 05/03/21 07:32:46 AM
#6128   DKNG, Watch "Final Trades: DKNG, GOOGL, PYPL & Norton1973 04/30/21 06:49:18 PM
#6127   This is at least a $100.00 stock soon ... thehumanchessmachine 04/30/21 07:56:49 AM
#6126   --Guggenheim Initiates Coverage on DraftKings With Buy Rating, John-Knee 04/30/21 07:51:33 AM
#6125   DKNG always rebounds Golden_Cross 04/30/21 03:08:50 AM
#6124   https://cheddar.com/media/historic-deal-brings-sports-betting-to-florida.amp thehumanchessmachine 04/29/21 09:58:28 PM
#6123   DraftKings Inc. (NASDAQ:DKNG) Forecasted to Post Q1 2021 Golden_Cross 04/29/21 12:08:57 PM
#6122   Let’s go! Liam859 04/28/21 07:26:31 AM
#6121   Robin said it ... Amazon of tge sports thehumanchessmachine 04/27/21 12:42:02 PM
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