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DraftKings Inc (DKNG)

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Last Post: 5/19/2022 1:04:43 PM - Followers: 168 - 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 Launches Mobile Sportsbook and iGaming Products in Ontario 05/18/2022 09:00:00 AM
DKNG News: DraftKings Announces Jason Park’s Participation in Upcoming Virtual Event 05/17/2022 03:30:00 AM
DKNG News: Jefferies Thinks DraftKings’ Stock is Going to Recover 05/16/2022 05:36:10 AM
DKNG News: Termination of Registration of a Class of Security Under Section 12(b) (15-12b) 05/16/2022 03:07:16 AM
DKNG News: How to Win with Online Gambling 05/11/2022 07:45:00 AM
#7460   Thank you thehumanchessmachine 05/19/22 01:04:43 PM
#7459   Elevator going up……. Good luck to you, too !! $$ budgetthis 05/19/22 12:34:45 PM
#7458   Oh with up guidance and prognosis of 2 thehumanchessmachine 05/19/22 12:17:36 PM
#7457   Trading at 2x with 2 billion in cash thehumanchessmachine 05/19/22 12:01:50 PM
#7456   I agree, HCM…….. Let’s get back up where we budgetthis 05/19/22 11:44:57 AM
#7455   Holding extremely strong on this Obama puppet pos crash thehumanchessmachine 05/18/22 02:09:26 PM
#7454   DraftKings Launches Mobile Sportsbook and iGaming Products in Ontario John-Knee 05/18/22 01:06:27 PM
#7453   A sure BET today, right fellow Drafters ?? “Sometimes budgetthis 05/17/22 11:43:32 AM
#7452   Going up from these silly low levels, “ budgetthis 05/16/22 11:30:47 AM
#7450   Even if it goes down to 5$ this MikeLandfer 05/11/22 07:52:12 PM
#7449   loaded up at $10.35 wavridr 05/11/22 03:29:21 PM
#7443   She’s like a sinking ship that cannot be smitter 05/10/22 11:44:24 AM
#7442   More than U did! Golden_Cross 05/10/22 10:09:19 AM
#7441   Big whoop smitter 05/10/22 09:55:57 AM
#7440   Cathie Wood buys 103,268 shares yesterday Golden_Cross 05/10/22 07:31:30 AM
#7439   G l to u as well thehumanchessmachine 05/09/22 03:33:01 PM
#7438   Debt debt debt and a potential Casino wrapped smitter 05/09/22 12:42:46 PM
#7437   If one is thinking long term, 11.20 looks like alstocks 05/09/22 11:27:04 AM
#7436   Increase in all facets and inflation not reflected thehumanchessmachine 05/06/22 07:20:50 AM
#7435   DraftKings Reports First Quarter Revenue of $417 Million; John-Knee 05/06/22 07:07:03 AM
#7434   There is no growth at all … these thehumanchessmachine 05/05/22 02:25:25 PM
#7433   Looks like it would have a been a MikeLandfer 05/05/22 02:12:25 PM
#7432   Thank you, and GLTU & ALL Can'tSparTheGhost 05/05/22 02:10:18 PM
#7431   Like wich one? thehumanchessmachine 05/05/22 02:04:57 PM
#7430   i did not think it would drop below wavridr 05/05/22 01:55:29 PM
#7429   I added at 14.40...What I would like to Can'tSparTheGhost 05/05/22 01:48:32 PM
#7428   wow this is taking a long ass shit wavridr 05/05/22 01:39:42 PM
#7427   most stocks have come off the bottom but wavridr 05/05/22 01:16:45 PM
#7426   CGR Issues Report on Growing Sports Betting Industry Singhania 05/05/22 11:03:37 AM
#7425   https://www.stocktitan.net/news/DKNG/draft-kings-completes-acquisition-of-golden thehumanchessmachine 05/05/22 07:02:16 AM
#7424   I think it is a great move by thehumanchessmachine 05/04/22 06:03:40 PM
#7423   Do you think this will have an effect MikeLandfer 05/04/22 12:19:07 PM
#7422   Thursday thehumanchessmachine 05/03/22 07:03:39 PM
#7421   I guess that GNOG merger should be complete MikeLandfer 05/03/22 05:06:30 PM
#7420   I like the company but exited 14.14 its ///M3 04/28/22 02:31:44 PM
#7419   … JASON ROBINHOOD ROBINS … $DKNG … YOU PAID @LaughinPaulRyan 04/28/22 10:26:48 AM
#7418   We are trading at 3x …. I think thehumanchessmachine 04/28/22 08:56:49 AM
#7417   ~$5,668,256,548 Market Cap seems reasonable here for what Golden_Cross 04/28/22 08:38:38 AM
#7416   Is only a matter of time … keep adding thehumanchessmachine 04/28/22 08:07:36 AM
#7415   $DKNG Upgraded at Zacks Investment Research Golden_Cross 04/28/22 05:55:49 AM
#7414   With this rampant inflation as long as consumers ///M3 04/27/22 01:33:51 AM
#7413   All one has to do to trade DKNG ///M3 04/27/22 12:30:36 AM
#7412   Betting on crash is by probability’s a much ///M3 04/27/22 12:21:49 AM
#7411   So 5.9 billion from the government to Ford ///M3 04/27/22 12:13:01 AM
#7410   Actually Ford wasn’t saved. It was the only smitter 04/26/22 10:13:32 PM
#7409   Ford should been gone they were making shit ///M3 04/26/22 08:29:50 PM
#7408   Everyone here needs to wake up and understand smitter 04/26/22 05:37:29 PM
#7407   Yes Sir...I have thought that even higher than Golden_Cross 04/26/22 02:16:12 PM
#7406   Back in. 13.96 … woukd start to think ///M3 04/26/22 01:51:44 PM
#7405   Maybe basing here Golden_Cross 04/26/22 10:56:14 AM
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