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Market Chatter: Roblox Shutters App in China as it Preps New Version
2022-01-07 06:37:56 AM ET (MT Newswires)
06:37 AM EST, 01/07/2022 (MT Newswires) -- Roblox (RBLX), the US video gaming platform, shuttered its Chinese app on Dec. 8 as part of "a number of important transitory actions" as it builds a new version, Reuters reported Friday, citing a company representative.
The company launched its LuoBuLesi app in China in July in partnership with an affiliate of Tencent Holdings.
A company spokesperson did not say when the new app would be launched, according to the report.
(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)
DraftKings Set to Launch Mobile Sports Betting in New York on Saturday
2022-01-06 01:41:30 PM ET (GlobeNewswire)
DraftKings Inc. (Nasdaq: DKNG) today announced the company will launch its mobile and online sportsbook in New York on Saturday, January 8. The Company is set to become one of the first operators to launch in the Empire State. The launch comes ahead of the NFL Playoffs, one of the busiest periods for betting activity in the year. The State authorized mobile and online sports betting in New York this past April.
"We are excited to finally be able to offer millions of passionate New York sports fans the top rated DraftKings mobile and online Sportsbook," said Jason Robins, CEO, co-founder and chairman of the board, DraftKings. "We want to extend a special thanks to Governor Hochul, Senator Addabbo, Assemblyman Pretlow, the New York Gaming Commission along with the tireless efforts of our dedicated DraftKings team for making this a reality."
Home to 10 professional sports teams spanning six major leagues with an additional three teams located within 15 miles of New York City, the state boasts one of the strongest sports cultures in the world with millions of passionate sports fans. DraftKings customers ages 21 and over will be able to place bets on thousands of sporting events including pre-match and in-game markets. This includes same game parlays and micro-betting; a result of the completion of DraftKings' migration to its in-house bet engine. New York sports betting regulations prohibit fans from betting on New York colleges in any sport.
"Growing up in New York and having spent the last 30-plus years in Las Vegas, I am thrilled that my worlds are finally set to collide," said Johnny Avello, Director of Race and Sportsbook Operations, DraftKings and Poughkeepsie native. "Millions of New Yorkers will soon discover what we believe makes our DraftKings Sportsbook the very best in customer service and real-money gaming and entertainment."
In August 2019, DraftKings opened a 6,000 square-foot retail sportsbook in Waterloo, NY at del Lago Resort and Casino. The retail space features LED video screens, a full-service bar and restaurant, ticket windows and 23 self-service betting kiosks that mimic the look and feel of the DraftKings Sportsbook app.
DraftKings is committed to creating inclusive and responsible pathways for people to build, create, imagine and innovate through the DraftKings S.E.R.V.E.S. program, with a focus on Service, Equity, Responsible Gaming, Vitality, Entrepreneurship, and Sports. Responsible gaming is a key pillar of the DraftKings S.E.R.V.E.S. program and DraftKings' collective mission is to protect consumers with groundbreaking technology, employee training, resources for customers, and the support of evidence-based research.
Fans can find the latest betting markets and more by downloading the DraftKings Sportsbook app available via iOS and Android here. To become a DraftKings Dynasty Rewards member visit sportsbook.draftkings.com/dynasty.
About DraftKings
DraftKings Inc. is a digital sports entertainment and gaming company created to fuel the competitive spirit of sports fans with products that range across daily fantasy, regulated gaming and digital media. Headquartered in Boston, and launched in 2012 by Jason Robins, Matt Kalish and Paul Liberman, DraftKings is the only U.S.-based vertically integrated sports betting operator. DraftKings is a multi-channel provider of sports betting and gaming technologies, powering sports and gaming entertainment for operators in 17 countries. DraftKings' Sportsbook is live with mobile and/or retail betting operations in the United States in Arizona, Colorado, Connecticut, Illinois, Indiana, Iowa, Louisiana, Michigan, Mississippi, New Hampshire, New Jersey, New York, Oregon, Pennsylvania, Tennessee, Virginia, West Virginia, and Wyoming. DraftKings' daily fantasy sports product is available in 6 countries internationally with 15 distinct sports categories. DraftKings is both an official daily fantasy and sports betting partner of the NFL, NBA, MLB, NHL, PGA TOUR and UFC as well as an official daily fantasy partner of NASCAR. Launched in August 2021, DraftKings Marketplace is a digital collectibles ecosystem designed for mainstream accessibility that offers curated NFT drops and supports secondary-market transactions. DraftKings also owns Vegas Sports Information Network, Inc. (VSiN), a multi-platform broadcast and content company.
I would wait for a bottom retest. Have a look at the NASDAQ chart, esp the 4 hours and daily. The MACDs have entered into negative recently, just wait until the MACD Signal follows suit. Today is just a breathier for the next drop in the overall markets. Trim your profits to raise cash.
Thanks jbsliverer for sharing the article (and sending your message too). A good read.
Millennial Provides Update Regarding Lithium Americas Arrangement
2022-01-05 04:31:15 PM ET (Newsfile Corp)
Vancouver, British Columbia--(Newsfile Corp. - January 5, 2022) - Millennial Lithium Corp. (TSXV: ML) (FSE: A3N2) (OTCQB: MLNLF) ("Millennial" or the "Company") is pleased to announce that at the Company's special meeting of shareholders (the "Shareholders") and warrantholders (the "Warrantholders", and, together with the Shareholders, the "Voting Securityholders") held earlier today (the "Meeting") the Voting Securityholders voted in favour of the special resolution (the "Arrangement Resolution") approving the previously announced plan of arrangement under Section 288 of the Business Corporations Act (British Columbia) pursuant to which Lithium Americas Corp. (TSX: LAC) (NYSE: LAC) is to acquire all of the issued and outstanding common shares of the Company (the "Arrangement").
The Arrangement Resolution was approved by: (i) 98.60% of votes cast by Shareholders; (ii) 98.61% of votes cast by Voti ng Securityholders voting together as a single class; and (iii) 98.31% of the votes cast by Shareholders excluding for this purpose the votes cast by any persons that are required to be excluded under Multilateral Instrument 61-101 - Protection of Minority Security Holders in Special Transactions. Voting Securityholders holding securities carrying an aggregate of 22,037,250 votes, representing approximately 21.57% of votes entitled to be cast at the Meeting, were represented in person or by proxy at the Meeting.
Additionally, on December 30, 2021, the Commissioner of Competition issued a "no-action" letter, which satisfies the Competition Act approval condition in the Arrangement Agreement.
The Arrangement remains subject to customary closing conditions, including the approval of the Supreme Court of British Columbia. The Arrangement is currently expected to be completed on or about January 25, 2022, provided that the conditions to the Arrangement are s atisfied or waived.
About Millennial
To find out more about Millennial Lithium Corp. please contact Investor Relations at (604) 662-8184 or email info@millenniallithium.com.
About LAC
Lithium Americas is a development-stage company with projects in Jujuy, Argentina and Nevada, United States. Lithium Americas trades on both the Toronto Stock Exchange and on the New York Stock Exchange, under the ticker symbol "LAC".
Needham Adjusts Marvell Technology's Price Target to $115 from $110, Keeps Buy Rating
2022-01-04 02:07:22 PM ET (MT Newswires)
02:07 PM EST, 01/04/2022 (MT Newswires) -- Marvell Technology (MRVL) has an average rating of outperform and price targets ranging from $62 to $120, according to analysts polled by Capital IQ.
(MT Newswires covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe.
Goldman Adjusts Marvell Technology Price Target to $98 From $95, Reiterates Buy Rating
2022-01-03 12:02:16 PM ET (MT Newswires)
12:02 PM EST, 01/03/2022 (MT Newswires) -- Marvell Technology (MRVL) has an average buy rating and price targets ranging from $63 to $120.
(MT Newswires covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe.
U.S. reality TV star Paris Hilton launches metaverse business on Roblox
2021-12-28 09:00:00 AM ET (Reuters)
By Dawn Chmielewski
Dec 28 (Reuters) - Paris Hilton commands as much as $1 million a night working as a celebrity DJ, entertaining partiers at clubs in China, Dubai and on the Spanish vacation island of Ibiza.
This New Year’s Eve, she will be playing an electronic set for the revelers who drop by a venue of a different sort -- her virtual island on Roblox.
Hilton created an island in the online virtual world, dubbed Paris World, where visitors can explore digital replicas of her Beverly Hills estate and its dog mansion, stroll a boardwalk inspired by the neon carnival wedding celebration she and husband Carter Reum hosted earlier this year at the Santa Monica Pier in California, and explore the island in a luxury sports car or Sunray yacht.
Like other virtual hangouts, Paris World will collect small payments for purchasing virtual clothing or booking a ride on a jet-ski.
“For me, the metaverse is somewhere that you can do everythin g you can do in real life in the digital world,” said Hilton, who worked to create aspects of her globe-trotting life for fans. “Not everybody gets to experience that, so that’s what we’ve been working together on over the past year -- giving them all my inspirations of what I want in that world.”
Hilton, 40, joins a clutch of celebrities and brands rushing to embrace the metaverse, a broad term referring to a persistent virtual world. Facebook’s Mark Zuckerberg popularized the term this year he renamed the company to Meta to emphasize the metaverse's central role to the company's future.
Brands such as Tommy Hilfiger brand launched a line of digital ready-to-wear fashion for Roblox avatars. Nike opened a virtual world called Nikeland in November, where visitors can play dodgeball with friends, lace on a pair of virtual Air Force 1 sneakers and win medals. Rappers Lil Nas X and Travis Scott have also held concerts last year for millions of virtual concertgoer s.
For the socialite and reality TV-star turned entrepreneur, Paris World is the latest venture launched by her new media company, 11:11 Media. She and veteran media executive Bruce Gersh aim to capitalize on the burgeoning creator economy, in which celebrities like Los Angeles Lakers' LeBron James leverage their influence to produce films, television shows and podcasts, brand marketing and to sell merchandise.
Hilton is most widely known for the reality television show “The Simple Life,” in which she and celebrity socialite, Nicole Richie, ditched their limos to travel America aboard a Greyhound bus.
Hilton says the dumb blonde act was a put-on, “I was always in on the joke, but I knew exactly what I was doing. Behind the scenes, I was building a brand.”
She has leveraged her gossip pages notoriety into 19 different consumer product lines, including perfumes, apparel, lingerie, cosmetics, sunglasses watches, shoes, handbags and jewelry, which togethe r generated an estimated $4 billion in revenue over the past decade, the company disclosed.
Investment-banker husband Reum introduced Hilton to Gersh, a former Walt Disney Co and Time Inc executive, to create a media enterprise around one of pop culture's original influencers.
Since those early discussions, 11:11 Media has launched “This Is Paris,” a podcast in which she speaks candidly about her family and friends, and a pair of reality TV series, “Cooking With Paris” on Netflix and “Paris In Love,” about her engagement and marriage to Reum.
Hilton has also tapped into the mania for non-fungible tokens, collaborating with designer Blake Kathryn to sell three unique pieces of digital art -- one of which fetched in excess of $1.1 million, according to online auction platform Nifty Gateway.
“The final piece of the digital space is the metaverse,” said Gersh. “ We think that there's a real opportunity for Paris to influence, even at a younger l evel than who her core customer is. We've built a fantastic, whimsical world that we believe her fans and new fans will just love.” (Reporting by Dawn Chmielewski; editing by Kenneth Li and Nick Zieminski)
Marvell Technology, Inc. Declares Quarterly Dividend Payment
2021-12-17 04:05:09 PM ET (PR Newswire)
Marvell Technology, Inc. (NASDAQ: MRVL), today announced a quarterly dividend of $0.06 per share of common stock payable on January 26, 2022 to shareholders of record as of January 7, 2022.
About Marvell
To deliver the data infrastructure technology that connects the world, we're building solutions on the most powerful foundation: our partnerships with our customers. Trusted by the world's leading technology companies for 25 years, we move, store, process and secure the world's data with semiconductor solutions designed for our customers' current needs and future ambitions. Through a process of deep collaboration and transparency, we're ultimately changing the way tomorrow's enterprise, cloud, automotive, and carrier architectures transform--for the better.
Marvell(R) and the Marvell logo are registered trademarks of Marvell and/or its affiliates.
For further information, contact: Ashish Saran Vice President, Investor Relations 408-222-0777 ir@marvell.com
https://c212.net/c/img/favicon.png?sn=SF11862&sd=2021-12-17
View original content:https://www.prnewswire.com/news-releases/marvell-technology-inc-declares-quarterly-dividend-payment-301447628.html
SOURCE Marvell
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A rush to mine lithium in Nevada is pitting climate advocates and environmental groups against each other
By Ella Nilsen and Rene Marsh, CNN
Updated 3:39 PM ET, Fri December 17, 2021
https://www.cnn.com/2021/12/17/politics/lithium-mining-energy-climate/index.html
In an ancient and now extinct supervolcano sitting in northern Nevada lies a treasure that its seekers call "white gold."
This metal isn't to trade or to make jewelry out of -- it's lithium, and its value lies in its role in potentially slashing the world's carbon emissions.
President Joe Biden's plan to transform the US to clean, low-carbon economy energy depends on switching to electric vehicles, and that means replacing gas with batteries, which are made from critical minerals like lithium.
But in the US, doing so is not without controversy.
Lithium is a key ingredient for the big, rechargeable batteries that power electric vehicles and store energy generated by solar panels and wind turbines -- keeping that energy in use even when the sun isn't shining and the wind isn't blowing.
Obtaining these minerals, which some call the new "white gold," is part of the latest worldwide rush to produce clean energy. Earlier this year, the Biden administration released a strategic plan from several federal agencies detailing how it planned to improve the entire supply chain for critical minerals like lithium -- from extracting it from US mines to putting it in batteries, to recycling and reusing these batteries.
"America has a clear opportunity to build back our domestic supply chain and manufacturing sectors, so we can capture the full benefits of an emerging $23 trillion global clean energy economy," US Energy Secretary Jennifer Granholm said in June.
In the US, the major lithium prospect is a large deposit in Thacker Pass, Nevada, and another lithium deposit sits in North Carolina. The Thacker Pass lithium deposit is one of the world's largest, sitting in an ancient, and now-extinct, supervolcano.
A proposal to start mining lithium by Lithium Nevada Corporation -- a subsidiary of Lithium Americas Corp. -- was approved by the US Bureau of Land Management in January.
"It's the largest-known lithium deposit in North America, so given where we're going globally and as a country, it's a unique opportunity," Jonathan Evans, president and CEO at Lithium Americas Corp., told CNN.
Evans told CNN that currently, the bulk of lithium chemicals used in the US are imported from other countries. Lithium-rich countries including Chile and Bolivia are heavy exporters. Evans said that with lithium deposits in the US and Canada, "it's not lost on state governments and the federal that everyone wants to play in that and we have the resources to do it."
Lithium and cobalt mining for electric cars has been controversial globally for years, in part because of its environmental destruction, the short lifespan of batteries and in some countries, because child labor has been used in the process.
And as a "white gold" rush comes to the US, not everyone is thrilled about the rush to mine it.
Not everyone is on board
Lithium Americas hopes to break ground on its mining project in early 2022. CNN traveled to Nevada and found the rush to procure critical minerals in the United States has pitted environmental advocates against each other.
Some climate advocates say the rush to mine lithium is critical for a larger transition away from fossil fuels like coal, oil and gas. Other local environmental groups and tribal nations oppose the project, concerned about disturbing sacred tribal burial grounds as well as potential environmental impacts. Three tribal groups tried to stop it through lawsuits -- which were dismissed by a judge in September.
"A lot of us understand blowing up a mountain for coal mining is wrong; I think blowing up a mountain for lithium mining is just as wrong," said Max Wilbert, an environmental organizer who is camping out at Thacker Pass to protest the mine's development.
Wilbert cited several reasons he is against the lithium mine: environmental impacts to sage grouse and antelope, potential water pollution for surrounding communities and cultural issues for the local indigenous community, which considers the land on and around Thacker Pass sacred burial grounds.
Wilbert is currently camping out in frigid Nevada desert winter conditions in a tribal ceremonial camp, and he and other advocates say they're willing to stand in front of mining machinery to try to stop the project from going forward.
"Our laws haven't caught up to the reality of what's happening to our planet, and so people might have to break the law in order to change what's happening," he said. "Electric cars won't actually reduce greenhouse gas emissions that much; they will reduce emissions but not by a sizable amount."
Driving gas-powered vehicles in the US comes at a cost to the climate. Greenhouse gas emissions from transportation account for nearly 30% of total US emissions; more than any other sector, according to the Environmental Protection Agency.
Glenn Miller, a retired professor of environmental science at the University of Nevada Reno, disagreed -- telling CNN the Thacker Pass project is a "relatively benign mine for its size."
Miller said he thinks the clean energy benefits of mining lithium in Nevada outweigh environmental concerns -- especially when it comes to reducing the greenhouse gas emissions worsening global climate change.
"Those who say it isn't going to make any difference, they're simply wrong," Miller said. "Radical environmentalists are going to argue that the only way to solve the climate change problem is to drive a whole lot less and to not burn gasoline or coal. Well, that's not going to happen -- the demands of society are set so we're going to have to have an active transportation industry."
Miller told CNN that lithium is the key ingredient that will power the transition to electric vehicles.
"There's no other metal that can work as well as lithium," Miller said. "We're going to need a lot of batteries to run the cars that we're going to have on the road. It's going to be a very positive contribution to mitigating climate change."
Evans told CNN his company is engaging community stakeholders, and local and state governments about the mine's plans.
"It's very important that this transition is done as sustainable as possible," Evans said, stressing his company is committed to mitigating the environmental impacts of mining as much as it can, by conserving water use and trying to lessen carbon emissions as it extracts the mineral.
"It's not the cheapest, but it's essential as we move to this phase to ensure we do things as responsibly as possible."
Needham Initiates Roblox at Buy With $136 Price Target
2021-12-17 09:08:46 AM ET (MT Newswires)
09:08 AM EST, 12/17/2021 (MT Newswires) -- Roblox (RBLX) has an average outperform rating and a price target range of $70 to $150, according to analysts polled by Capital IQ.
(MT Newswires covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe.
Needham Initiates Roblox at Buy With $136 Price Target
2021-12-17 09:08:46 AM ET (MT Newswires)
09:08 AM EST, 12/17/2021 (MT Newswires) -- Roblox (RBLX) has an average outperform rating and a price target range of $70 to $150, according to analysts polled by Capital IQ.
(MT Newswires covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe.
EV startup Rivian to build plant in Georgia, posts quarterly loss
2021-12-16 04:16:57 PM ET (Reuters)
DETROIT, Dec 16 (Reuters) - Amazon-backed electric vehicle startup Rivian Automotive Inc on Thursday said it will build a plant in Georgia, its second U.S. assembly plant, as it looks to expand production.
In its first publicly reported quarterly results since it went public last month, Rivian also reported a third-quarter loss.
The new plant will employ more than 7,500 people, is scheduled to open in 2024 and will eventually build 400,000 vehicles a year, largely confirming plans previously outlined in documents filed with other states. (Reporting by Ben Klayman in Detroit; Editing by David Gregorio)
Also, being a Friday too. Not liking it either.
Goldman Sachs Adjusts DraftKings PT to $63 From $66, Maintains Buy Rating
2021-12-15 12:11:47 PM ET (MT Newswires)
12:11 PM EST, 12/15/2021 (MT Newswires) -- DraftKings (DKNG) has an average rating of Outperform and price targets ranging from $34 to $105, according to analysts polled by Capital IQ.
(MT Newswires covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe.
BRIEF-Roblox Says November Daily Active Users Were 49.4 Mln
2021-12-15 08:18:19 AM ET (Reuters)
Dec 15 (Reuters) - Roblox Corp:
* ROBLOX CORP - NOV DAILY ACTIVE USERS WERE 49.4 MILLION, UP 35% YEAR OVER YEAR
* ROBLOX CORP - NOV REVENUE IS ESTIMATED TO BE $184 MILLION-$187 MILLION, UP 84% - 87% YEAR OVER YEAR Source text for Eikon: Further company coverage:
My 2nd and 3rd buy limit orders are 81.58 and 78.68, which are Fib Ret 0.50 and 0.618 respectively.
Still waiting for the back-test on the 30 minutes. Let see if the support holds at the close.
Using Fibonacci Retracement, current support level is 84.47 at Fib 0.382. My 1st of 3 buy limit order is there. This is a healthy pullback since the Dec 2nd gap up and run.
Deutsche Bank on Key Takeaways from Lithium and Battery Materials Annual Conference
2021-12-13 09:30:14 AM ET (MT Newswires)
09:30 AM EST, 12/13/2021 (MT Newswires) -- Deutsche Bank said Monday that lithium pricing expectations into 2022 was overly bullish across all participants at its 2021 Lithium and Battery Materials Annual conference last week, with no signs of demand or pricing slowdown in the near-to-medium term.
During the conference, the largest and most relevant companies in the lithium space discussed pricing expectations as well as challenges around new supply and geopolitical risks.
Looking back over the last five years, while the industry has experienced a couple of bearish and bullish cycles, this time it seems different with the market potentially turning into a supercycle, according to Deutsche Bank.
MoffettNathanson Starts DraftKings at Neutral With $36 Price Target
2021-12-13 07:28:06 AM ET (MT Newswires)
07:28 AM EST, 12/13/2021 (MT Newswires) -- DraftKings (DKNG) has an average rating of outperform and price targets ranging from $34 to $105, according to analysts polled by Capital IQ.
The price is still holding from the recent bottoming. Another reason why I like to hold off until a back-test is done (for investment). Let see what happens in the coming days.
Yup, especially Futures are currently under pressure after two days of rallying. Keep an eye on 35.02, a key previous support level which is now resistance level.
A 1st bottom has formed on both the daily and 4 hour chart. Let see if price continue to rise and form higher highs and higher lows. The price is not out of the woods yet and in the coming days will be important.
Union Gaming Initiates DraftKings at Hold, $36 Price Target
2021-12-08 02:43:28 PM ET (MT Newswires)
02:43 PM EST, 12/08/2021 (MT Newswires) -- (MT Newswires covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe.
The NFLPA and DraftKings Unveil Plans for Gamified NFT Collaboration
December 07 2021 - 09:00AM
GlobeNewswire Inc.
The NFL Players Association (NFLPA), DraftKings Inc. (Nasdaq: DKNG) and OneTeam Partners (OneTeam), the group licensing partner of the NFLPA, today revealed plans to launch gamified NFT (non-fungible token) collections that will debut on DraftKings Marketplace during the 2022-2023 NFL season. The agreement grants DraftKings licensing rights for active NFL players, including the authentic use of name, image and likeness. This marks the debut integration of gamified NFTs by one of the world’s preeminent athlete unions and a leader in sports technology and entertainment.
“The future of fandom is unfolding in front of us, and few organizations beyond DraftKings are as equipped to capitalize on the increasing intersection between sports and NFTs that will be cornerstones of engagement and entertainment within Web3,” said Beth Beiriger, SVP of product operations for DraftKings Marketplace. “We will continuously adapt, innovate and seek progressive collaborators like the NFLPA and OneTeam to reach early adopters among fanbases and ultimately introduce these next-generation products to the masses.”
Initial anticipated features of DraftKings’ gamified NFL player NFTs include the ability for customers to use these collectibles within games against others on the platform as well as separate buying and selling functionality. It is expected there will be a variety of NFT editions and tiers that incorporate different aspects of utility and digital scarcity, all powered by Polygon. DraftKings previously announced a strategic agreement with Polygon to provide a scalable, eco-friendly blockchain solution that enables added throughput, lower transaction fees and expanded capabilities.
“The NFLPA strives to be at the forefront of innovative new products, and the emerging landscape of digital entertainment that creates excitement among players and fans. We look forward to integrating NFL players into DraftKings’ NFT experience to create authentic connections for avid fans,” said Sean C. Sansiveri, General Counsel and Head of Business Affairs at NFL Players Inc., the marketing and licensing arm of the NFLPA.
OneTeam, which is leading the NFLPA’s digital media business, facilitated the new deal in collaboration with all parties.
This eventual NFL player NFT integration will coincide with DraftKings’ existing NFL designations that include being an Official Daily Fantasy and Sports Betting Partner of the league. While fans await these upcoming NFT offerings for next season, NFL sports betting and daily fantasy products are available today on DraftKings via the web along with apps available on iOS and Android.
About DraftKings
DraftKings Inc. is a digital sports entertainment and gaming company created to fuel the competitive spirit of sports fans with products that range across daily fantasy, regulated gaming and digital media. Headquartered in Boston, and launched in 2012 by Jason Robins, Matt Kalish and Paul Liberman, DraftKings is the only U.S.-based vertically integrated sports betting operator. DraftKings is a multi-channel provider of sports betting and gaming technologies, powering sports and gaming entertainment for operators in 17 countries. DraftKings’ Sportsbook is live with mobile and/or retail betting operations in the United States pursuant to regulations in Arizona, Colorado, Connecticut, Illinois, Indiana, Iowa, Louisiana, Michigan, Mississippi, New Hampshire, New Jersey, New York, Oregon, Pennsylvania, Tennessee, Virginia, West Virginia, and Wyoming. DraftKings’ daily fantasy sports product is available in 6 countries internationally with 15 distinct sports categories. DraftKings is both an official daily fantasy and sports betting partner of the NFL, NBA, MLB, NHL, PGA TOUR and UFC as well as an official daily fantasy partner of NASCAR. Launched in August 2021, DraftKings Marketplace is a digital collectibles ecosystem designed for mainstream accessibility that offers curated NFT drops and supports secondary-market transactions. DraftKings also owns Vegas Sports Information Network, Inc. (VSiN), a multi-platform broadcast and content company.
About the NFL Players Association
The National Football League Players Association (“NFLPA”) is the union for professional football players in the National Football League. Established in 1956, the NFLPA has a long history of assuring proper recognition and representation of players’ interests. The NFLPA has shown that it will do whatever is necessary to assure that the rights of players are protected—including ceasing to be a union, if necessary, as it did in 1989. In 1993, the NFLPA again was officially recognized as the union representing the players and negotiated a landmark Collective Bargaining Agreement (“CBA”) with the NFL. The current CBA will govern the sport through the 2030 NFL season.
About NFL Players Inc.
NFL Players Inc., the licensing and marketing arm of the NFLPA, connects businesses to the power of NFL players. NFL Players Inc. creates customized business solutions for partners, through licensing, marketing strategy and player activations. For more information, please visit nflpa.com/players.
About OneTeam Partners
Formed in November 2019, OneTeam Partners is a joint venture between the NFL Players Association (NFLPA), MLB Players Association (MLBPA) and RedBird Capital Partners. OneTeam helps athletes maximize the value of their name, image and likeness rights by transforming the way in which athletes interact with businesses across four verticals: licensing, marketing, content and investing. OneTeam represents a range of commercial business interests on behalf of the NFLPA, MLBPA, Major League Soccer PA, U.S. Women’s National Team PA, WNBPA, and U.S. Rugby PA.
Yes, another reason to wait for a true bottoming (after a retest of a low). Next support level is 27.54. Be careful.
Berenberg Bank Adjusts DraftKings PT to $42 From $42.50, Maintains Hold Rating
2021-12-03 09:39:25 AM ET (MT Newswires)
09:39 AM EST, 12/03/2021 (MT Newswires) -- DraftKings (DKNG) has an average rating of Outperform and price targets ranging from $34 to $105, according to analysts polled by Capital IQ.
Short interest is 10.39%, time to get WSBs into this.
DraftKings CEO takes on Jim Chanos: Some people will say anything to make a buck
Dec. 03, 2021 8:28 AM ET
DraftKings Inc. (DKNG)
By: Brian Stewart, SA News Editor
DraftKings CEO Jason Robins shot back at high-profile short-seller Jim Chanos, accusing him of making unsupportable claims about the online betting platform in order to improve a bet he made that the company's stock would decline.
"Some people will say anything to make a buck," the head of DraftKings (NASDAQ:DKNG) told CNBC on Friday.
The remarks followed a CNBC appearance by Chanos the previous day, in which he detailed his short position in DKNG. In that interview, Chanos contended that even if the company quadrupled its top-line and dropped marketing expenses to 10% of revenue, it would still lose money at a pace of around $200M a quarter.
Robins disputed this claim directly, saying "the math makes no sense."
While he felt the need to push back against Chanos' specific charges, Robins said the company generally tries to ignore short-sellers.
"We're focused on the people who are believers and trying to go out there and our goal every day is to build a great company over the long term," he said.
"Obviously, it's annoying when people come and make stuff up and do that at their own service, but not much you can do about it," he added.
Commenting on its business, Robins repeated the company's assertion that it will reach profitability in each of the states where gambling is legal within 2-3 years of entry into the market.
He noted that the only state where it has operated long enough to test this thesis was New Jersey, with DKNG hitting profitability in a little after two years.
DKNG dipped as Chanos made his remarks on Thursday, but recovered by the close. The stock was basically flat on the day. However, shares reached a 52-week high before their rebound, toughing a trough of $30.41.
After hitting a multi-month high in early September above $63.60, shares have suffered a steady retreat for most of the last three months. Shares are down about 50% over that time, compared to a 3% advance for the S&P 500.
Support level 30.51. Be careful, as no bottom formed yet on 30 min, 4 hour, and daily charts.
Great plan! I am thinking of doing the same as well, as its up 14%. If the price pullbacks, we buy the shares back plus profits. If the price continues to rise, we still win with our core holdings. Win-win situation.
Pretty much. The Street is liking these transactions, as the share price reached a new all time high. Once production and Li are sold in the open market, earnings will flow in. Most companies don't see a profit until years into their business. LAC is no different, except there is a demand of Li going into EVs.
DraftKings Announces Jason Robins' Participation in Upcoming Virtual Event
2021-11-29 07:30:00 AM ET (GlobeNewswire)
DraftKings Inc. (Nasdaq: DKNG) today announced that Jason Robins, co-founder, Chief Executive Officer and Chairman of the Board, will participate in the following event:
-- The Canaccord Genuity 2021 Digital Gaming Summit on November 30, 2021. The fireside chat is scheduled for 8:30AM ET.
Registration and the live video and audio portions of the Canaccord Genuity 2021 Digital Gaming Summit can be accessed at the conference website or at DraftKings Investor Relations website.
About DraftKings
DraftKings Inc. is a digital sports entertainment and gaming company created to fuel the competitive spirit of sports fans with products that range across daily fantasy, regulated gaming and digital media. Headquartered in Boston, and launched in 2012 by Jason Robins, Matt Kalish and Paul Liberman, DraftKings is the only U.S.-based vertically integrated sports betting operator. DraftKings is a multi-channel provider of sports betting and gaming technologies, powering sports and gaming entertainment for operators in 17 countries. DraftKings' Sportsbook is live with mobile and/or retail betting operations in the United States pursuant to regulations in Arizona, Colorado, Connecticut, Illinois, Indiana, Iowa, Louisiana, Michigan, Mississippi, New Hampshire, New Jersey, New York, Oregon, Pennsylvania, Tennessee, Virginia, West Virginia, and Wyoming. DraftKings' daily fantasy sports product is available in 6 countries internationally with 15 distinct sports categories. DraftKings i s both an official daily fantasy and sports betting partner of the NFL, NBA, MLB, NHL, PGA TOUR and UFC as well as an official daily fantasy partner of NASCAR. Launched in August 2021, DraftKings Marketplace is a digital collectibles ecosystem designed for mainstream accessibility that offers curated NFT drops and supports secondary-market transactions. DraftKings also owns Vegas Sports Information Network, Inc. (VSiN), a multi-platform broadcast and content company.
Happy Thanksgiving everyone! Enjoy the festive with the family and friends. See you all on tomorrow..... or unless you are going shopping. :)
Lithium Americas Increases Strategic Interest in Arena Minerals
2021-11-25 08:15:37 AM ET (GlobeNewswire)
Lithium Americas Corp. (TSX: LAC) (NYSE: LAC) ("Lithium Americas" or the "Company") announces that on November 24, 2021 the Company purchased 23,369,003 common shares (the "Arena Shares") of Arena Minerals Inc. (TSX-V: AN) ("Arena Minerals") at a price of C$0.54 per share through an alternative market transaction for aggregate consideration of approximately US$10 million (the "Purchase"). The Arena Shares represent 6.3% of the issued and outstanding common shares of Arena Minerals as of close of market on November 24, 2021.
Prior to the Purchase, Lithium Americas beneficially owned 42,857,143 common shares, representing approximately 11.6% of Arena Mineral's issued and outstanding share capital on a non-diluted basis, and 21,428,571 share purchase warrants ("Warrants"). Following the Purchase, Lithium Americas beneficially owns 66,226,146 common shares of Arena Minerals, representing approximately 18.0% of Arena Mineral's issued and outstanding common shares on a non-diluted basis, and 21,428,571 Warrants.
The additional investment in Arena Minerals further reinforces Lithium Americas' commitment to the region and the Company's long-term resource development plans in Argentina. Arena Minerals' Sal de la Puna lithium brine project, together with the immediately adjacent Pastos Grandes lithium brine project owned by Millennial Lithium Corp. ("Millennial"), provides future optionality in proximity to the Company's Cauchari-Olaroz lithium project, establishing Lithium Americas as a premier lithium brine developer in Argentina.
The Company is acquiring the securities for investment purposes. Depending on market conditions and other factors, Lithium Americas may, from time to time, acquire additional common shares, Warrants or other securities of Arena Minerals or dispose of some or all of the common shares, Warrants or other securities of Arena Minerals that it owns at such time. The Company has signed an undertaking not to exercise the Warrants until such time as the Company can obtain disinterested shareholder approval of the creation of a new control person by the shareholders of Arena Minerals, which is required once the Company passes the 20% ownership threshold. An early warning report will be filed by Lithium Americas on SEDAR at www.sedar.com in accordance with applicable securities laws. To obtain a copy of the early warning report, please contact the Corporate Secretary of Lithium Americas at 778-656-5820 or legal@lithiumamericas.com.
Pursuant to the subscription agreement between the Company and Arena Minerals dated July 12, 2021, the Company expects to appoint Ignacio Celorrio as its nominee to the Arena Minerals' board of directors. Mr. Celorrio currently serves as President, Latin Americas for Lithium Americas and has extensive experience working in the Argentine mining industry.
About Arena Minerals
Arena Minerals owns 65% of the Sal de la Puna Project covering approximately 11,000 hectares of the Pastos Grandes basin located in Salta, Argentina. The claims are highly prospective and share the basin with two advanced lithium brine projects. In addition to Sal de la Puna, Arena owns the Antofalla lithium brine project in Argentina, consisting of four claims covering a total of 6,000 hectares of the central portion of Salar de Antofalla, located immediately south of Albemarle Corporation's Antofalla project. Arena has developed a proprietary brine processing technology using brine type reagents derived from the Antofalla project with the objective of producing more competitive battery-grade lithium products. The head office of Arena Minerals is located at 1410 - 120 Adelaide Street West, Toronto, ON, Canada M5H 1T1.
About Lithium Americas
Lithium Americas is a development-stage company with projects in Jujuy, Argentina and Nevada, United States. The Company trades on both the Toronto Stock Exchange and on the New York Stock Exchange, under the ticker symbol "LAC". The head office of Lithium Americas is located at 300 - 900 West Hastings Street, Vancouver, BC, Canada V6C 1E5.
I am going to wait for the retest, to ensure a true bottom has been reached. Plus, tax loss selling is not over yet.
B. Riley Lifts Lithium Americas' PT to $44 from $25 on Higher Volumes, Pending Acquisition, Higher Long-Term Price Assumptions; Keeps Buy Rating
2021-11-24 09:29:55 AM ET (MT Newswires)
09:29 AM EST, 11/24/2021 (MT Newswires) -- (MT Newswires covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe.
Then you need to find a way to get around that situation. There are a lot of people, especially the younger generations getting wealthy by going out of the norm. I can now understand and relate to your previous posts before this discussion. I always say, if I don't like the system, then I need to change, as the system is bigger than I am.
Anyway, I apologize again for all of the off-topic posts. It is time to put in some LAC bracket orders. Have an awesome day everyone, make some capital gains. Happy Thanksgiving to everyone south of the border!
Yup, only if you reside in the US. No worries here. If you live in the US, trade within your 401K and take out the capital gains after retiring, thus you will be in the lowest tax bracket.