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DraftKings Sportsbook at Foxwoods Resort Casino Opens November 13
2021-11-12 03:00:00 PM ET (GlobeNewswire)
Sports fans, get ready to be at the center of it all. Foxwoods Resort Casino and DraftKings Inc. (Nasdaq: DKNG) today announced that the new DraftKings Sportsbook at Foxwoods will open on Saturday, November 13, 2021 at 9:30 a.m. The new space will replace the temporary location that premiered in September. This opening comes after the successful launch of online sports betting and iGaming in Connecticut.
Located within Foxwoods in the Great Cedar area of the resort, the new two-story, 12,000-plus square foot sportsbook will be a place to bet, dine, game and experience fan-favorite teams across professional and collegiate sports. Fans will be able to place live bets via windows and kiosks and experience best-in-class customer service and amenities. The DraftKings Sportsbook at Foxwoods includes wall-to-wall televisions, anchored by one of the largest LED screens in the industry at 50 feet by 30 feet, multiple VIP rooms, two full bars including an ice rail and 24 beers on tap, and a full restaurant that will offer game-day favorites including burgers and wings.
"Since launching retail sports betting at Foxwoods in September, the demand has been strong and continues to grow," says Jason Guyot, President and CEO of Foxwoods Resort Casino. "The new DraftKings Sportsbook at Foxwoods redefines what it means to bet, gather and play and delivers on our commitment to offer the best sports betting experience in the Northeast. With the NFL season in its peak, there is nothing more thrilling than taking a shot with your favorite team, and we're honored to deliver this new kind of betting experience where guests and fans can get in on the action, all in one place."
"Our latest collaborative effort with Foxwoods, complementing the recent launch of mobile sports betting and iGaming, now marks the 12 permanent retail sportsbook for DraftKings. The meticulously designed space will provide customers with a premier skin-in-the-game viewership experience accessible to Connecticut residents and beyond," said Jason Robins, co-founder, CEO and Chairman of the Board, DraftKings. "As legalized sports betting continues to gain steam both in Connecticut and across the country, DraftKings is proud to be a brand consumers know and trust, and we remain excited about the possibilities that lie ahead as we team up with Foxwoods, a powerhouse in entertainment and hospitality."
With the official launch of DraftKings Sportsbook at Foxwoods, fans can now bet and play any way they want - on property at the sportsbook or betting kiosks located across the resort, or via the mobile sports betting and iGaming app.
Foxwoods and DraftKings take responsible gaming seriously. An active member of the American Gaming Association, DraftKings has committed to promoting the association's Have A Game Plan(R) Bet Responsibly(TM) public service campaign which teaches customers responsible gaming best practices such as setting a budget and sticking to it and only playing with legal, regulated operators. Similarly, Foxwoods has demonstrated a commitment to supporting the development of awareness and prevention programs for problem gaming - including operating the first self-exclusion program in the country.
To learn more about DraftKings Sportsbook at Foxwoods, please visit Foxwoods.com/casino/draftkings. Fans can access the DraftKings suite of products anywhere by visiting DraftKings.com or by downloading the DraftKings apps via iOS and Android.
About Foxwoods Resort Casino
As the largest resort casino in North America, Foxwoods Resort Casino offers guests a premier destination resort experience throughout its six world-class casinos; AAA Four-Diamond hotels featuring over 2,200 rooms; dining options for all tastes; luxurious spas; award-winning golf; state-of-the-art theaters; Tanger Outlet Mall; conference space for groups of all sizes; and free online casino games at FoxwoodsONLINE.com. There is always something new at Foxwoods, most recently the arrival of Foxwoods Extreme Adventures. Adventure knows no limit as guests can zipline or race around on a European-style indoor karting track. Foxwoods Resort Casino truly is The Wonder Of It All, providing a personalized and exciting escape for everyone. Foxwoods, opened in 1992, is owned and operated by the Mashantucket Pequot Tribal Nation. For a detailed look at Foxwoods Resort Casino and Mashantucket Pequot Tribal Nation visit Foxwoods.com.
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 7 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.
Those are some of the reasons why I am not betting on the farm with this one, not even the little doggie house. Be careful as there are more downside potential than upside at the present time. Unless they have a catalyst of good news, the price is fighting gravity.
Entain boss says U.S. JV played role in sinking $22 bln DraftKings deal talks
2021-11-10 04:55:52 AM ET (Reuters)
Nov 10 (Reuters) - Entain's U.S. online sportsbook venture BetMGM was one of the reasons why DraftKings' $22 billion offer to buy the British sports betting and gambling firm fell through last month, Entain's boss told Reuters on Wednesday.
BetMGM, a U.S. rival to DraftKings, is jointly owned by Entain and NYSE-listed casino group MGM.
MGM's chief had said he would have sought to take control of BetMGM if DraftKings had agreed to buy Entain, a deal which would have made the combined group a competitor to MGM in the United States.
The complication was long viewed as a barrier to DraftKings' pursuit of Entain, but Entain Chief Executive Officer Jette Nygaard-Andersen's remarks are the first public admission from either party that the venture played a role in deal talks ending.
"We have always been clear that the joint venture (with MGM) provides exclusivity for both parties for any activities involving sports betting and gaming in the United S tates," Nygaard-Andersen said in an interview. "I think that played a role here but any transaction of this size is complicated."
Both Entain, the owner of Ladbrokes betting shops as well as many online betting brands, and DraftKings have expressed confidence in their individual prospects.
Dealmaking in the betting industry has been heating up this year as the United States opens up to sports betting and companies look to tap into the expertise of companies forged in more developed gambling markets such as Britain.
Separately, Nygaard-Andersen, among the few women bosses at British blue-chip groups, said Entain was launching a diversity initiative to train or educate 1 million people by 2030 as part of a 100-million-pound ($135 million) commitment.
FTSE 100-listed Entain said the initiative was aimed at candidates from under-represented groups to pursue careers in technology. ($1 = 0.7389 pounds) (Reporting by Muvija M and Sachin Ravikumar in Bengaluru, editi ng by Andrei Khalip)
The best and logical thing to do is nibble on the way down at your comfortable price level. We don't know when the next good news will be release that will spike the price up. I have a few small trades on hand but nothing compared to what I had back in June, just in case, as I don’t want to be left behind on the game.
Price has strong support at 42.21 but at this moment, my limit buy orders are still on the sideline. I would like to see a good volume activity on the next bounce off the support.
I hope my technicals are wrong this time around and 42.21 holds. Next support level is at 39.93.
It is not just today down market activity, check out the weekly chart and you will see what I am seeing.
Price is retesting the 42.21 support levels made back on the week of May 17th, July 19th, last week, and this week. Hold on, as it can get bumpy soon. Be cautious.
Golden Nugget Lake Charles to Open New DraftKings Retail Sportsbook
2021-11-08 01:40:18 PM ET (GlobeNewswire)
Golden Nugget Casino Lake Charles and DraftKings Inc. (Nasdaq: DKNG) today jointly announced the launch of a new retail sportsbook slated to open on November 10, 2021, at 2pm at Golden Nugget Casino Lake Charles, pending licensure and regulatory approvals. Louisiana sports fans age 21 and over will be able to place wagers on a variety of betting markets across professional, collegiate, and other sports leagues at the DraftKings Sportsbook located inside the Golden Nugget Casino Lake Charles. DraftKings will be launching its online sportsbook in Louisiana at a later date, pending aforementioned approvals. Once live, sports bettors in the state will be able to place bets online and via their mobile devices on the DraftKings Sportsbook app in permitted parishes.
"Our team has worked diligently alongside state legislators to make the sportsbook experience a reality for Louisiana patrons," said Gerry Del Prete, Senior Vice President of Gaming for Fertitta Entertainment. "Coupling the Golden Nugget's dynamic gaming network with DraftKings innovative tech and trading, makes for an unmatched partnership. We are thrilled to offer our combined customer base an unparalleled experience at the Golden Nugget Lake Charles."
The DraftKings sportsbook will be the largest in Lake Charles and is located inside a portion of the Blue Martini bar. The space has six ticket cages where customers can engage with employees to place bets, as well as a total of 30 self-service kiosks spread throughout the casino. Plans are underway for a permanent, 10,000 square-foot, state-of-the-art DraftKings Sportsbook and lounge that will boast nearly 300 seats, odds boards and big screen televisions throughout the space for an optimal viewing experience. The permanent location is expected to open in the Summer of 2022.
"Since launching daily fantasy sports in Louisiana, we have been eager to introduce our fans here to the DraftKings Sportsbook experience, which will provide customers with a new level of engagement with several of America's most popular leagues overlapping across the NFL, NBA, NHL, and NCAA football," said Matt Kalish, co-founder and president of DraftKings North America. "Joining forces with Golden Nugget and their renowned casino brand, we look forward to providing the fervent fan base in the Bayou State with a premier retail sportsbook experience."
The DraftKings Sportsbook inside the Golden Nugget Lake Charles will be open beginning November 10, 2021 at 2pm. Regular hours of operation will be Monday - Friday 10am - 11pm and Saturday - Sunday 9am - midnight. Once regulatory and licensure approvals are received, customers will be able to place bets 24/7 on kiosks throughout the casino floor.
DraftKings and Golden Nugget Casino Lake Charles remains committed to providing a safe and responsible gaming (RG) platform. Through RG tools, self-imposed player limits, identify verification and state-of-the-art geolocation, DraftKings Sportsbook ensures all players are provided secure and positive gaming experience. As an active member of the American Gaming Association (AGA) and the National Council on Problem Gambling (NCPG), additional details on DraftKings' dedication to safe play are available via DraftKings S.E.R.V.E.S.
Fans can find the latest betting markets and more by downloading the DraftKings Sportsbook app available via iOS and Android here.
For more information on the DraftKings Sportsbook inside the Golden Nugget Casino, visit www.goldennuggetlc.com
About Golden Nugget Lake Charles
Located only two hours from Houston, Texas, Golden Nugget Lake Charles features 1,100 luxury hotel rooms and suites; an 18-hole championship golf course; extensive retail options; an 18,000-square foot ballroom; 30,000 square feet of meeting space; a two-acre pool and lazy river complex; a private beach front and marina; and a number of Landry's signature restaurants including Saltgrass Steak House, Vic & Anthony's Steakhouse, Grotto Ristorante, Landry's Seafood House, Chart House, Bill's Bar & Burger and more. An innovative casino floor featuring more than 75 table games, a high limit salon, a poker room, sportsbook and 1,600 of the industry's newest slot machines redefines the gaming experience. Please visit www.goldennuggetlc.com for more information.
Oppenheimer Adjusts DraftKings PT to $70 From $80, Maintains Outperform Rating
2021-11-08 10:03:49 AM ET (MT Newswires)
10:03 AM EST, 11/08/2021 (MT Newswires) -- (MT Newswires covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe.
PepsiCo buying electric trucks from Tesla- CNBC
2021-11-08 09:27:24 AM ET (Reuters)
Nov 8 (Reuters) - PepsiCo Inc is buying electric trucks from Tesla Inc and getting the first set of delivery in the fourth quarter, the packaged food maker's Chief Executive Officer, Ramon Laguarta, said in an interview with CNBC on Monday.
PepsiCo did not immediately respond to a Reuters request for comment. (Reporting by Praveen Paramasivam in Bengaluru; Editing by Shinjini Ganguli)
Deutsche Bank Adjusts DraftKings' Price Target to $46 From $51, Maintains Hold Rating
2021-11-08 08:29:52 AM ET (MT Newswires)
08:29 AM EST, 11/08/2021 (MT Newswires) -- (MT Newswires covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe.
Tesla to open Canada battery gear factory in Markham, Ontario -mayor
2021-11-05 12:44:02 PM ET (Reuters)
SAN FRANCISCO, Nov 5 (Reuters) - Tesla Inc plans to open a factory to produce battery manufacturing equipment in the Canadian city of Markham, Ontario, Mayor Frank Scarpitti said, as the electric carmaker ramps up the production of cheaper, higher-range 4680 battery cells.
Scarpitti did not provide many details. In 2019, the U.S. electric carmaker in 2019 acquired Canada-based Hibar, which manufactures pumps used in fast-speed battery assembly that Tesla is introducing for its new 4680 cells.
“I’m delighted to share that Tesla Canada is joining our already robust automotive and technology ecosystem by locating a manufacturing facility in the City of Markham,” the mayor of the city near Toronto said on Twitter.
“The facility will be the first branded Tesla Canada manufacturing facility in Canada and will produce state-of-the-art manufacturing equipment to be used at the Gigafactories located around the world in the production of batteries.? ??
Tesla did not immediately comment on the mayor's tweet. Last year, Tesla senior vice president Andrew Baglino said at the Battery Day event that its "vertical integration" with Hibar and others would allow them to build batteries faster and scale up production of its 4680 battery cells.
Baglino said last month that Tesla will start delivering its first vehicles with 4680 batteries early next year, but added that "this is a new architecture and unknown unknowns may exist still."
Tesla currently builds the 4680 cells at its pilot factory in California and plans to start their production at its upcoming factories in Texas and Berlin. (Reporting by Hyunjoo Jin; Editing by David Gregorio)
Reason why price has been trading steadily vs the low of the day and pre-market. They lifted their midpoint full year revenue guidance. Support level 42.21 is still intact at the moment.
----
DraftKings Lifts Midpoint of Full-Year Revenue Guidance Following Wider Loss But Higher Revenue in Third Quarter
2021-11-05 11:57:17 AM ET (MT Newswires)
11:57 AM EDT, 11/05/2021 (MT Newswires) -- DraftKings (DKNG) raised the midpoint of its full-year revenue guidance after the result climbed in the most recent quarter as the sports betting company saw strong customer acquisition and engagement, although it reported a wider loss in the period.
The company now sees 2021 revenue in a range of $1.24 billion to $1.28 billion from $1.21 billion to $1.29 billion, raising the midpoint of guidance to $1.26 billion. Analysts polled by Capital IQ are expecting $1.29 billion. For 2022, the company projects revenue of $1.7 billion to $1.9 billion, straddling the Wall Street view of $1.81 billion.
For the three months through September, DraftKings reported an adjusted loss of $0.82 per share, wider than a loss of $0.57 a year ago. Revenue increased to $212.8 million from $132.8 million.
"Fundamental user acquisition, retention and engagement trends in the third quarter were outstanding across all of our online gaming products," said Chief Financial Officer Jason Park in a statement.
The company's B2C, or business-to-customer segment, posted a revenue increase of 82% to $189 million driven by strong growth in player acquisition and retention, as well as player engagement and monetization, Park said on a conference call with analysts, according to a Capital IQ transcript.
The segment's monthly unique payers, or MUP, grew 31% to 1.3 million and the average revenue per MUP rose 38% to $47 during the quarter, without contribution from major sports such as the NBA and NHL.
B2C's revenue growth, however, was partially offset by the company's business to business, or B2B, revenue decline of 19% to $24 million due to the impact of the company's terminated Asia reseller agreement, Park said on the call.
DraftKings said it continues to expand its business footprint as it launched mobile sports betting in Wyoming, Arizona and Connecticut, as well as iGaming in Connecticut.
I am going to listen to the CC and see what their guidance(s) will be. This is the key to the price direction moving forward. Management needs to reassure investors that they can grow organically.
The current support level is still 42.21. I have no order(s) in and going to wait for the dust to settle on both the 4 hour and daily candlesticks. If the price violates (closing of the candle) 42.21, the next support level 39.93.
The Street is looking for the next quarter and year guidance. Current ER is already baked into the price going into today. Listen to the CC at 8:30am and pay attention to the 20 seconds after their presentation and before the Q&A period.
---- DraftKings Meets Guidance with Third Quarter Revenue Growth of 60%; Exceeds 2.1 Million MUPs in September; Increases Midpoint of 2021 Revenue Guidance to $1.26 Billion; Introduces 2022 Revenue Guidance of $1.7 Billion to $1.9 Billion
2021-11-05 07:00:07 AM ET (GlobeNewswire)
DraftKings Inc. (Nasdaq: DKNG) ("DraftKings" or the "Company") today reported third quarter 2021 financial results.
Third Quarter 2021 Highlights
For the three months ended September 30, 2021, DraftKings reported revenue of $213 million, an increase of 60% compared to $133 million during the same period in 2020. Third quarter 2021 revenue was in-line with the guidance the Company previously provided during its second quarter earnings conference call on August 6, 2021.
"DraftKings had a strong third quarter that highlights our team's unique ability to drive engagement with our core customers while simultaneously launching new states and verticals and completing the complex migration to our own in-house technology ahead of schedule," said Jason Robins, DraftKings' co-founder, Chief Executive Officer and Chairman of the Board. "Since migrating, we have rapidly added innovative features and functionality to our top-ranked mobile sports betting app. We are also excited that our new growth initiatives, including DraftKings Marketplace and our content and media business, demonstrated promising early results in the quarter."
Jason Park, DraftKings' Chief Financial Officer, added, "Fundamental user acquisition, retention and engagement trends in the third quarter were outstanding across all of our online gaming products. We delivered $213 million in third quarter revenue which represents a 60% year-over-year increase. On a same state basis and taking into consideration lower than expected hold primarily due to NFL game outcomes, third quarter revenue would have been $40 million higher. Our key performance indicators also continued to grow, as Monthly Unique Payers increased by 31% and Average Revenue Per Monthly Unique Payer grew by 38%. We are increasing the midpoint of our 2021 revenue guidance and introducing 2022 revenue guidance which points to another year of strong growth in existing states for DraftKings."
Continued Healthy Growth in Player Retention, Acquisition and Engagement
Increasing Midpoint of 2021 Revenue Guidance and Introducing 2022 Revenue Guidance
DraftKings' Expanded Mobile Sports Betting and iGaming Footprint
Product Developments, Content Initiatives and Commercial Agreements
Commitment to Environmental, Social and Governance Continues
Webcast and Conference Call Details
DraftKings will host a conference call and audio webcast today at 8:30 a.m. EST, during which management will discuss the Company's second quarter results and provide commentary on business performance. A question and answer session will follow the prepared remarks.
The conference call may be accessed by dialing (833) 644-0686 for domestic callers or (918) 922-6762 for international callers. Once connected with the operator, please provide the conference ID of 1588846.
A live audio webcast of the earnings conference call may be accessed on the Company's website at investors.draftkings.com, along with a copy of this press release, the Company's Form 10-Q filing, and a slide presentation. The audio webcast and accompanying presentation will be available on the Company's investor relations website until 11:59 p.m. EST on December 14, 2021.
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, Connecticut, Colorado, Illinois, Indiana, Iowa, Michigan, Mississippi, New Hampshire, New Jersey, New York, Oregon, Pennsylvania, Tennessee, Virginia, West Virginia, and Wyoming. DraftKings' daily fantasy sports product is available in 7 countries internationally with 15 distinct sports categories. DraftKings is the offic ial daily fantasy partner of the NFL, MLB, NHL, NASCAR, PGA TOUR and UFC as well as an authorized gaming operator of the NBA, an official sports betting partner of the NFL, MLB and NHL an official betting operator of PGA TOUR and the official betting operator of UFC. 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.
As of now, it doesn't look good. The volume is just approaching the daily average and it is not even noon yet. The last hour of trading will be a telling story for tomorrow.
I will also be looking at the 42.21 level for the next support level. Let see if tomorrow earnings release will make that bounce.
The NBA Announces Expanded Sports Betting and Daily Fantasy Agreement With DraftKings
2021-11-04 09:00:05 AM ET (GlobeNewswire)
The National Basketball Association (NBA) today announced an expanded multiyear relationship with DraftKings (Nasdaq: DKNG) to make the sports technology and entertainment company a co-official sports betting partner of the league. This agreement grants DraftKings expansive NBA rights and assets to integrate within its sports betting, daily fantasy sports, iGaming and free-to-play products and promotional offerings.
"DraftKings has demonstrated a clear commitment to strategically investing at the intersection of betting and content," said Scott Kaufman-Ross, Senior Vice President, Head of Gaming & New Business Ventures, NBA. "We are excited to be expanding our relationship to include content initiatives like NBABet Stream to engage NBA fans in unique ways."
Since teaming up initially in 2019 when DraftKings became an Authorized Gaming Operator (AGO) of the NBA, the two organizations have collaborated to deliver fan-first content and product experiences. With this expanded dynamic, DraftKings will now become the exclusive presenting sponsor of NBABet Stream, the league's betting-focused telecast that is distributed via NBA League Pass and the NBA TV app. During this weekly alternative betting-focused broadcast, DraftKings odds, lines, props and other forms of gaming-centric content will become integrated into the live-game experience, and underscore the company's continued evolution in the media and content spaces.
"The NBA season only just tipped off, and yet we have already seen the immediate impact of the sport among our customer base with significant reengagement along with healthy new betting activity across all of our states," said Ezra Kucharz, Chief Business Officer at DraftKings. "All of this signals the rising demand for NBA basketball in its 75th anniversary season among sports bettors and daily fantasy players, and we are pleased to continuously collaborate with the league on new fan-centric platforms like our NBABet Stream integration."
Per the deal, DraftKings will also have the right to activate on-site at tentpole NBA events including the NBA All-Star Game, Rising Stars, NBA All-Star Saturday Night and NBA Draft presented by State Farm. For NBA audiences in specific local markets, the sight of the DraftKings brand is recognizable during home games with digital displays around the court along with local broadcast integrations. In addition to its league relationship, DraftKings has teamed up with several NBA franchises including the Charlotte Hornets, Detroit Pistons and Indiana Pacers to broaden awareness within these fanbases on both available products and responsible gaming.
NBA fans and others can learn more about the company's responsible gaming efforts and charitable initiatives through its DraftKings S.E.R.V.E.S. program by visiting the website here.
Every NBA matchup this season will have betting markets and daily fantasy contests for eligible customers to enter as well as free-to-play pools available nationally. NBA fans can visit www.draftkings.com to explore offers or download the DraftKings apps via 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, Michigan, Mississippi, New Hampshire, New Jersey, New York, Oregon, Pennsylvania, Tennessee, Virginia, West Virginia, and Wyoming. DraftKings' daily fantasy sports product is available in 7 countries internationally with 15 distinct sports categories. DraftKings is both an o fficial 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 NBA
The NBA is a global sports and media business built around four professional sports leagues: the National Basketball Association, the Women's National Basketball Association, the NBA G League and the NBA 2K League. The NBA and the International Basketball Federation (FIBA) also jointly operate the Basketball Africa League (BAL). The NBA has established a major international presence with games and programming available in 215 countries and territories in more than 50 languages, and merchandise for sale in more than 100,000 stores in 100 countries on six continents. NBA rosters at the start of the 2021-22 season featured a record 121 international players from 40 countries. NBA Digital's assets include NBA TV, NBA.com, the NBA App and NBA League Pass. The NBA has created one of the largest social media communities in the world, with 2.1 billion likes and followers globally across all league, team, and player platforms. Through NBA Cares, the league addresses important soc ial issues by working with internationally recognized youth-serving organizations that support education, youth and family development, and health-related causes.
iHeartMedia and DraftKings Ink Multifaceted Strategic Agreement
2021-11-03 08:11:00 AM ET (BusinessWire)
iHeartMedia, Inc. [Nasdaq: IHRT] and DraftKings Inc. [Nasdaq: DKNG] announced today a multi-year strategic relationship, making DraftKings the official odds supplier for iHeartMedia's broadcast, digital, podcast and social platforms. Additionally, as part of the agreement DraftKings is now able to co-create and distribute long-form content with iHeartMedia and will receive preferred access to iHeartMedia's full roster of diverse personalities. Furthermore, DraftKings and iHeartMedia will collaborate around a wide range of possible content development opportunities, including the distribution of shows and segments across the media giant's radio and digital properties and integrations within iHeartMedia's live sports broadcasts. DraftKings and iHeartMedia will also collaborate on a number of possible experiential opportunities for listeners and fans including providing cross platform interactive games.
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20211103005674/en/
"Even though we are number one in audio sports programming, we continue to build new sports content and DraftKings is an ideal partner as we expand and innovate," said Greg Ashlock, CEO of iHeartMedia's Multiplatform Group. "DraftKings is a premier sports technology and entertainment company that provides millions of customers with the best in real-money gaming products along with exceptional safety and security through various responsible gaming measures. We look forward to a long and fruitful partnership everywhere sports betting is permissible."
DraftKings has the opportunity to leverage iHeartMedia's SmartAudio suite of data-driven advertising products. The data integration would enable fact-based audience planning and targeting optimizations across iHeartMedia's broadcast and digital platform, including its more than 270 million monthly consumers on its broadcast platform alone providing DraftKings with national exposure and at the same time reaching local audiences with a tailored approach.
"Customer engagement remains a primary focus for DraftKings, and this latest agreement with iHeartMedia amplifies our reach immensely to a dedicated audience that spans more than 160 markets across the country with the largest audio company in the U.S.," said Matt Kalish, co-founder and President, DraftKings North America. "Analytically tapping into iHeart's coveted listenership while powering authentic betting content is a landmark moment for both organizations and precursor to new possibilities in media innovation."
iHeartMedia hosts the largest sports audio network in the U.S., with products across broadcast, streaming, digital, podcast and experiential. iHeartMedia is the number one podcast publisher globally according to Podtrac with more than 280 million monthly downloads, with the iHeartPodcast Sports Network alone featuring more than 50 million downloads a month, making it the largest for sports podcast listening.
About iHeartMedia, Inc.
iHeartMedia, Inc. [Nasdaq: IHRT] is the leading audio media company in America, reaching over 250 million people each month. It is number one in both broadcast and digital streaming radio as well as podcasting and audio ad tech and includes three business segments: The iHeartMedia Multiplatform Group; the iHeartMedia Digital Audio Group; and the Audio and Media Services Group. Visit iHeartMedia.com for more company information.
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, Michigan, Mississippi, New Hampshire, New Jersey, New York, Oregon, Pennsylvania, Tennessee, Virginia, West Virginia, and Wyoming. DraftKings' daily fantasy sports product is available in 7 countries internationally with 15 distinct sports categories. DraftKings is the offic ial daily fantasy partner of the NFL, MLB, NHL, NASCAR, PGA TOUR and UFC as well as an authorized gaming operator of the NBA, an official sports betting partner of the NFL, MLB and NHL an official betting operator of PGA TOUR and the official betting operator of UFC. 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.
Deutsche Bank Notes Lithium Americas' Bid for Millennial Lithium
2021-11-02 09:25:36 AM ET (MT Newswires)
09:25 AM EDT, 11/02/2021 (MT Newswires) -- Deutsche Bank said Tuesday that a bidding war for Millennial Lithium Corp. (ML.V) may be either driven by lithium prices or the target being too good of an asset to pass.
Lithium Americas Corp. (LAC.TO) is offering to acquire Millennial Lithium and its Pastos Grandes project in Argentina for $4.70 per share. The offer represents a 22% premium over CATL's offer of $3.85 per share and a 27% premium over Millennial Lithium's Oct. 29 closing price.
Deutsche Bank said this is the third bid for Millennial Lithium over the last four months after Ganfeng Lithium's first bid in July of $3.60 per share, which was then countered by CATL in September.
Lithium Americas Makes Offer to Acquire Millennial Lithium
2021-11-01 08:23:19 AM ET (GlobeNewswire)
Lithium Americas Corp. (TSX: LAC) (NYSE: LAC) ("Lithium Americas" or the "Company") is pleased to announce that it has submitted an unconditional offer to Millennial Lithium Corp. ("Millennial") to acquire all of the outstanding shares (each, a "Common Share") of Millennial (the "Offer"). Under the terms of the Offer, on closing, each Millennial shareholder ("Millennial Shareholder") will receive C$4.70 per Common Share, payable in Lithium Americas common shares and C$0.001 in cash per Common Share (the "Purchase Price"), representing total consideration of approximately US$400 million. Based on the Company's closing price on October 29, 2021, this consideration would result in Millennial Shareholders owning approximately 9.9% of Lithium Americas.
"In proximity to Cauchari-Olaroz, Millennial's 100%-owned Pastos Grandes lithium brine project represents an attractive regional growth opportunity for Lithium Americas," said Jonathan Evans, President and CEO. "As we bring Cauchari-Olaroz into production over the next year and continue to advance our Stage 2 expansion planning, the addition of this highly complementary lithium brine resource further enhances our long-term growth strategy in Argentina and leverages our technical and development expertise."
The board of directors of Millennial (the "Millennial Board"), after consultation with Millennial's financial and legal advisors, and after considering a recommendation from the Special Committee of the Millennial Board, has unanimously determined that the Offer constitutes a "Superior Proposal" in accordance with the terms of the arrangement agreement between Millennial and Contemporary Amperex Technology Co., Ltd. ("CATL") dated September 28, 2021, as assigned and amended on October 12, 2021 (the "CATL Agreement").
In accordance with the CATL Agreement, Millennial has notified CATL that it considers the Offer to be a Superior Proposal and that the ten business day matching period (the "Matching Period") has commenced, during which CATL has the right, but not the obligation, to propose to amend the terms of the CATL Agreement in order for the Offer to cease to be a Superior Proposal (the "Match Right"). The Matching Period expires at 4:30 p.m. (Pacific Time) on November 16, 2021.
Benefits to Millennial Shareholders
Benefits to Lithium Americas Shareholders
Transaction Details
The Offer provides that Lithium Americas will, subject to certain conditions, reimburse Millennial for the termination fee of US$20 million payable to CATL if the CATL Agreement is terminated. Under the terms of the Offer, Millennial will pay Lithium Americas a termination fee of US$20 million in certain specified circumstances and Lithium Americas will pay Millennial a reverse termination fee of US$20 million, to be held in escrow, in certain specified circumstances.
The board of directors of Lithium Americas has unconditionally authorized and approved the Offer (with the representative of Ganfeng Lithium Co., Ltd. on the board recused).
Further details of the Offer will be provided following the Matching Period if CATL does not exercise its Match Right, and the Offer enters into a definitive agreement by Millennial with Lithium Americas.
Advisors and Counsel
Greenhill & Co. Canada Ltd. is acting as financial advisor to Lithium Americas, and Cassels Brock & Blackwell LLP is acting as Lithium Americas' legal advisor.
Credit Suisse Securities (Canada) Inc. is acting as financial advisor to Millennial, and Dentons Canada LLP is acting as Millennial's legal advisor. Sprott Inc. is acting as financial advisor to the Special Committee.
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".
DraftKings Teams Up with Pat Tillman Foundation to Impact the Lives of Active Military Members, Veterans, and Their Families
2021-11-01 07:30:02 AM ET (GlobeNewswire)
In honor of Veterans Day and National Veterans and Military Families Month, DraftKings Inc. (Nasdaq:DKNG) today announced that it is proudly collaborating with the Pat Tillman Foundation, which carries on Pat Tillman's legacy by giving military service members, veterans and spouses the educational tools and community support to reach their fullest potential as leaders.
"We are honored to work with the Pat Tillman Foundation as we share a mutual commitment to empowering and supporting veterans and their families," said Jason Robins, DraftKings' co-founder, CEO and Chairman of the Board. "The entire DraftKings team is proud of the work we do to support our military, veterans and families through our Tech for Heroes program, and we're excited to expand our DK S.E.R.V.E.S. efforts in collaboration with the Pat Tillman Foundation."
Throughout the month of November, DraftKings is hosting a custom Veterans Month free-to-play pool, which honors Pat Tillman and celebrates all of those who have served. DraftKings will also be offering custom military-inspired camouflage hats in its online shop, with 100% of profits from hats sold going to The Pat Tillman Foundation.
"Our foundation firmly believes the world would be a better place if more people lead like Pat did: with integrity, curiosity, and a selfless commitment to action," said Dan Futrell, CEO of the Pat Tillman Foundation and a 2011 Tillman Scholar. "We appreciate DraftKings' support of our foundation and our Tillman Scholars as we develop the next generation of leaders to carry on Pat's legacy."
Throughout the multi-year collaboration between DraftKings and the Pat Tillman Foundation, the companies will work together to innovate and identify ways to work together to expand opportunities for veterans and their families. DraftKings will have the opportunity to access a pool of incredible talent through the Pat Tillman Foundation, including the Tillman Scholars. The Tillman Scholars are service members, veterans, and military spouses chosen based on their service, scholarship, humble leadership, and impact.
Giving back to those who have served is an important pillar of DraftKings S.E.R.V.E.S. As part of the company's ongoing DraftKings S.E.R.V.E.S initiative, DraftKings is also providing training in high demand tech skills for current and returning veterans, and their spouses, to help them expand their abilities in their current role and to find meaningful employment through its Tech for Heroes Program.Since its launch in 2018, DraftKings' Tech for Heroes has trained nearly 500 active-duty military members, veterans, and military spouses through in-person and online classes. To date, the company has raised nearly $1,000,000 to support veterans-focused organizations via charity fantasy sports contests. Additionally, through its work with American Corporate Partners, DraftKings employees serve as mentors and are matched 1:1 with veterans across the country to help with career navigation, interview skills, and networking.
In 2021, DraftKings S.E.R.V.E.S. has donated over $4 million to organizations that are aligned with its mission to create inclusive and responsible pathways for people to build, create, imagine, and innovate. Customers can learn more about DraftKings' charitable initiatives and its DraftKings S.E.R.V.E.S. program by visiting its website HERE.
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, Michigan, Mississippi, New Hampshire, New Jersey, New York, Oregon, Pennsylvania, Tennessee, Virginia, West Virginia, and Wyoming. DraftKings' daily fantasy sports product is available in 7 countries internationally with 15 distinct sports categories. DraftKings is the offic ial daily fantasy partner of the NFL, MLB, NASCAR, PGA TOUR and UFC as well as an authorized gaming operator of the NBA and MLB, an official sports betting partner of the NFL, an official betting operator of PGA TOUR and the official betting operator of UFC. 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 Pat Tillman Foundation
The Pat Tillman Foundation identifies remarkable military service members, veterans and spouses, empowering them with academic scholarships, lifelong leadership development opportunities and a diverse, global community of high-performing mentors and peers. These scholars are making an impact as they lead through action in the fields of healthcare, business, public service, STEM, education and the humanities.
The price is following the channel pattern with the bottom being ~47.99 and the top being ~50.64 (see middle chart). The volume is not high on a down day, nor is it above the daily average. Thus, I am not too concerned at the moment. I do see a positive divergence happening on the 4 hour chart on the MACD (long white arrow) against the price action. Despite it being a lagging indicator, it can give a glimpse of what price action may do soon. No long buy order for me until the price crosses and closes above the 200 period moving average on the 4 hour chart. I am still holding my small share allotment, just in case.
Goldman Sachs Adjusts Price Target on DraftKings to $77 From $75, Maintains Buy Rating
2021-10-27 11:11:43 AM ET (MT Newswires)
11:11 AM EDT, 10/27/2021 (MT Newswires) -- (MT Newswires covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe.
Keep an eye on 48.99, which is the 200 period moving average on the 30 minute chart. The price opened above it this morning and now finding support there. If the price closes above, I can see the price trending higher. At the moment, the price is trading in a channel pattern with today high being the upper resistance of the channel.
I made two small limit order buy trades at/below the support level of 47.99 when I posted my last technical charts. I have no orders in at the moment and will assess the charts after today trading session. I want to see key resistance levels broken first before buying back my shares for a long position. I still have time, as I sold all of my shares over 64.00 ranges.
A quick view of the current technical is showing "neutral" vs a sell (status for the past 3 weeks). Keep in mind, earnings are out next Friday (10 actual days).
Don't bet against Musk. Huge mistake on the Shorts.
Smart move on not buying Entain, as it will only dilute share value. They already have an edge in this space, why not grow organically? I understand if the company is making boat loads of profits and wanting to purchase another company but doing so with mostly stock is asking for disaster. Share price will increase from here.
I believe it has to do with the deadline extension for the Entain buyout. I have a feeling Entain wants more out of the deal.
I am going to trust my technical charts and wait for the next support level; 42.21. That death cross on the 4 hour chart last Friday proved to be correct. Be careful.
----NeuroMetrix Reports Q3 2021 Financial Results
2021-10-21 07:00:02 AM ET (GlobeNewswire)
NeuroMetrix, Inc. (Nasdaq: NURO) today reported financial and business highlights for the quarter ended September 30, 2021. The Company is a leader in proprietary non-invasive medical devices for the diagnosis and treatment of pain and neurological disorders.
Highlights:
-- Revenue of $2.1 million was up slightly from Q3 2020. Gross margin on revenue was $1.4 million, a 70.0% gross margin rate. This was a decrease of 3.6 percentage points from $1.5 million, a 73.6% gross margin rate, in Q3 2020. The margin rate contraction reflected cost increases for component parts.
-- The DPNCheckMedicare Advantage business continued to be the primary contributor to revenue during the quarter. Subsequent to the end of the quarter, Susan Bell, RN was appointed as SVP, Population Health & Value Based Care and will lead the Company's Medicare Advantage and value based health care business.
-- Operating expenses increased $0.4 million over Q3 2020 reflecting regulatory activities and personal costs.
-- Net loss for the quarter was $0.7 million in comparison to a net loss of $0.3 million in Q3 2020.
-- In July the Company's Quell technology received Breakthrough Device Designation from the U.S. Food and Drug Administration (FDA) for the treatment of fibromyalgia symptoms in adults. Subsequent to the end of the quarter, a De Novo request was filed. The Company indicated that a successful and timely review process could result in commercial launch of Quell for fibromyalgia in the second half of 2022.
-- The Company joined the Center to Stream Healthcare in Place (C2SHIP) as an industry partner. Quell was cited by C2SHIP as being well suited to its mission for the in-place management of chronic pain, remote monitoring, and personalization of pain management.
-- The Company utilized its at-the-market (ATM) facility to raise $15.8 million in net proceeds from the sale of common stock. It ended the quarter with $23.2 million cash on the balance sheet.
"We continued to successfully execute on our core initiatives this past quarter. We saw further adoption of DPNCheck testing within Medicare Advantage plans and are pleased that Sue Bell has joined the Company to lead and accelerate this effort," said Shai N. Gozani, M.D., Ph.D., President and Chief Executive Officer of NeuroMetrix. "Submission of the De Novo request was an important milestone in our effort to make Quell technology available as a prescription treatment for people living with fibromyalgia and we look forward to working with the FDA during their review process."
Financials:
Q3 2021 revenue of $2.1 million exceeded revenue of Q3 2020 by $28 thousand. The gross margin rate of 70.0% in Q3 2021 declined from 73.6% in Q3 2020 due to cost increases to secure electronic parts essential to the Company's products. Operating expenses of $2.1 million increased from $1.8 million in Q3 2020. The increase was attributable to regulatory costs, higher R&D parts costs, sales & marketing staffing, and non-cash stock compensation expenses. The Q3 2021 net loss of $687 thousand, or $0.12 per share, exceeded the net loss in Q3 2020 of $257 thousand, or $0.07 per share by $430 thousand.
Company to Host Live Conference Call and Webcast
NeuroMetrix will host a conference call at 8:00 a.m. Eastern today, October 21, 2021. The call may be accessed in the United States at 844-787-0799, international at 661-378-9630 using confirmation code 7683407. A replay will be available starting two hours after the call at 855-859-2056 United States and 404-537-3406 international using confirmation code 7683407. It will remain available for one week. The call will also be webcast and accessible at www.NeuroMetrix.com under "Investor Relations".
About NeuroMetrix
NeuroMetrix is an innovation-driven company focused on the development and global commercialization of non-invasive medical devices for the diagnosis and treatment of pain and neurological disorders. The Company has three commercial products. DPNCheck is a diagnostic device that provides rapid, point-of-care detection of peripheral neuropathies. ADVANCE is a diagnostic device that provides automated, in-office nerve conduction studies for the evaluation of focal neuropathies. Quell is a wearable neurostimulation device indicated for treatment of lower extremity chronic pain. For more information, visit www.NeuroMetrix.com.
It might be a good idea and put each individual apps and hardware as a different entity under a parent group. Just like how Google created Alphabet. This way, he may get away from splitting up the company.
DraftKings Statement Regarding Entain
2021-10-19 11:40:00 AM ET (GlobeNewswire)
DraftKings (NASDAQ: DKNG) notes the announcement made by Entain earlier today relating to the extension of the deadline, under Rule 2.6 of the City Code on Takeovers and Mergers (the "Code"), for DraftKings either to announce a firm intention to make an offer for Entain (in accordance with Rule 2.7 of the Code), or to announce that it does not intend to make such an offer (in accordance with Rule 2.8 of the Code), to 5:00 p.m. (London time) on 16 November 2021. This deadline may be further extended with the consent of the Panel on Takeovers and Mergers, at Entain's request.
DraftKings will continue to engage in discussions between both companies and to conduct more substantive due diligence and analysis regarding its possible offer.
DraftKings looks forward to exploring potential benefits that could derive from this possible combination for its and Entain's shareholders, including:
-- Expansion into regulated and regulating markets
-- Accelerated product growth
-- Innovation in new and existing verticals
DraftKings further notes that while it progresses its discussions with Entain, it also continues to remain very focused on opportunities in the high growth North America market.
This announcement does not constitute an announcement of a firm intention to make an offer under Rule 2.7 of the Code. There can be no certainty that an offer will be made nor as to the terms on which any offer will be made.
A further announcement will be made as and when appropriate.
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, Michigan, Mississippi, New Hampshire, New Jersey, New York, Oregon, Pennsylvania, Tennessee, Virginia, West Virginia, and Wyoming. DraftKings' daily fantasy sports product is available in 7 countries internationally with 15 distinct sports categories. DraftKings is the offic ial daily fantasy partner of the NFL, MLB, NHL, NASCAR, PGA TOUR and UFC as well as an authorized gaming operator of the NBA, an official sports betting partner of the NFL, MLB and NHL an official betting operator of PGA TOUR and the official betting operator of UFC. 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.
Yes. The price was above 50.00 before the news brief. Looks like price will either be at this level towards the 5th of November (channel pattern) or drift slowly lower to the next support level.
BRIEF-Entain Says Extension Of "Put Up Or Shut Up" Deadline For DraftKings Extended To Nov. 16
2021-10-19 10:14:52 AM ET (Reuters)
Oct 19 (Reuters) - Entain PLC:
* ENTAIN PLC - EXTENSION OF “PUT UP OR SHUT UP” DEADLINE
* ENTAIN - EXTENSION TO DEADLINE BY WHICH DRAFTKINGS IS REQUIRED EITHER TO MAKE FIRM INTENTION TO MAKE OFFER MUST NOW BE MADE BY NOT LATER THAN 16 NOV Source text for Eikon: Further company coverage:
Autograph Partners with Lionsgate and Twisted Pictures to Release Exclusive Digital Collectibles from the Saw Franchise to Launch Entertainment Vertical on DraftKings Marketplace
2021-10-19 09:00:52 AM ET (PR Newswire)
Autograph, the brand co-founded by Tom Brady that is pioneering a new era of digital collecting in collaboration with icons across sports and entertainment, has partnered with global content leader Lionsgate (NYSE: LGF.A, LGF.B) and Twisted Pictures to release exclusive digital collectibles from Saw, one of the most successful horror franchises in history. This series of frightening digital collectibles will be available exclusively for viewing on Autograph.io and for purchase on DraftKings Marketplace, by DraftKings Inc. (Nasdaq: DKNG) starting October 26th and leading into Halloween weekend. Following several successful digital drops within the past two months with athlete partners including Tom Brady, Tiger Woods, Simone Biles, Naomi Osaka and Derek Jeter, the Saw launch marks a first-of-its-kind introduction to the entertainment space by Autograph.
https://mma.prnewswire.com/media/1578232/press3_Logo.jpg
The Saw franchise has taken in more than $1 billion worldwide at the box office. The Saw Chapter One collection will feature a total of 10,000 collectibles with three drop categories including keys, schematics, and traps all animated to reflect the iconic marks of the franchise and reveal Jigsaw's inspiration for the series' most carefully-crafted, sinister traps. In this gamified hunt, individuals who acquire a collectible from each of the three categories - whether from primary NFT sales, on the secondary market or both - will receive exclusive access to additional Saw content, which Autograph will drop into customers' wallets on Halloween, October 31st, at midnight ET.
This collection is part of a broader partnership between Lionsgate and Autograph, bringing fans closer to the world's most legendary blockbusters and television franchises. In the months to come, Autograph and Lionsgate are set to drop additional exclusive content from iconic franchises including John Wick, The Hunger Games, The Twilight Saga, Mad Men and Dirty Dancing.
"As we usher in a new era of digital collecting, launching Autograph's entertainment vertical with Lionsgate and Twisted Pictures' iconic film franchise Saw, we're excited to offer our community a gamified experience to delight horror fans with these drops," said Dillon Rosenblatt, CEO and co-founder of Autograph. "Our team is dedicated to creating an offering that is experience-driven, creative, and fun, and the Saw Collection will be a new and unique opportunity for our community and fans looking to own collectibles from each of the categories and unlock access to highly exclusive content."
Digital collectibles for the Saw traps will drop on October 26th, followed by schematics and keys on October 28th.
"Our greatest challenge on each movie of the Saw series has been to push ourselves to bring our audiences something new, cool, and unexpected. We could not be more thrilled for the legion of fans who have followed us from film to film to see how we could thrill and surprise them. Those fans are who this partnership with Autograph is designed for," said Saw franchise producers Mark Burg and Oren Koules. "These NFTs take the best of the Saw series of movies and amplifies them even further as fans can become part of Saw history - the Autograph NFTs are the ultimate Saw collectibles for the ultimate Saw fan!"
"The traps are favorite elements of the Saw franchise, and we're thrilled to bring them to life for our community of Saw fans through the Saw Chapter One collection," added Jenefer Brown, executive vice president and head of Lionsgate Global Live, Interactive and Location-Based Entertainment. "Saw movie releases are a Halloween tradition so there was no question we had to drop the first series of Saw digital collectibles timed to Halloween too."
About Autograph
Autograph is a NFT platform that brings together the most iconic brands and legendary names in sports, entertainment and culture to create unique digital collections and experiences for users around the world. Co-founded by Tom Brady and headquartered in Los Angeles, Autograph is ushering in a new era of collecting through a streamlined and inclusive process, authentic and creative products and exclusive partnerships.
About Lionsgate
Combining the STARZ premium global subscription platform with world-class motion picture and television studio operations, Lionsgate brings a unique and varied portfolio of entertainment to consumers around the world. Its film, television, subscription and location-based entertainment businesses are backed by a 17,000-title library and the largest collection of film and television franchises in the independent media space. A digital age company driven by its entrepreneurial culture and commitment to innovation, the Lionsgate brand is synonymous with bold, original, relatable entertainment for the audiences it serves worldwide.
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, Connecticut, Colorado, Illinois, Indiana, Iowa, Michigan, Mississippi, New Hampshire, New Jersey, New York, Oregon, Pennsylvania, Tennessee, Virginia, West Virginia, and Wyoming. DraftKings' daily fantasy sports product is available in 7 countries internationally with 15 distinct sports categories. DraftKings is the offic ial daily fantasy partner of the NFL, MLB, NHL, NASCAR, PGA TOUR and UFC as well as an authorized gaming operator of the NBA, an official sports betting partner of the NFL, MLB and NHL an official betting operator of PGA TOUR and the official betting operator of UFC. 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.
----Foxwoods and DraftKings Launch Online Sports Betting and iGaming in Connecticut
2021-10-19 07:30:11 AM ET (GlobeNewswire)
The Mashantucket Pequot Tribal Nation, Foxwoods Resort Casino and DraftKings Inc. (Nasdaq: DKNG) today announced that online and mobile sports betting and online casino launched in Connecticut at 6:00 A.M. ET after successfully completing the required soft launch testing which began a week ago. The first wager accepted was $25 on the Los Angeles Dodgers at -180 to beat the Atlanta Braves in tonight's National League Championship game.
Now all customers 21 years of age and older in the state of Connecticut can place a variety of sports bets and play casino games such as slots, blackjack and roulette using the co-branded Foxwoods and DraftKings Sportsbook and Casino app on their mobile device.
The Mashantucket Pequot Tribal Nation and DraftKings will be holding a virtual press briefing at 9:30 A.M. ET today to officially kickoff and welcome online sports betting and iGaming across the state. Mashantucket Pequot Tribal Chairman, Rodney Butler, and DraftKings President, North America and co-founder, Matt Kalish, will be addressing media.
More information about ways to play with Foxwoods and DraftKings is available at www.foxwoods.com or fans can download the Foxwoods and DraftKings mobile app via iOS and Android.
Media members interested in attending should reach out to media@draftkings.com or foxwoods@shiftcomm.com.
The Mashantucket Pequot Tribal Nation, Foxwoods and DraftKings take responsible gaming seriously. An active member of the American Gaming Association, DraftKings has committed to promoting the association's Have A Game Plan.(R) Bet Responsibly(TM) public service campaign which teaches customers responsible gaming best practices such as setting a budget and sticking to it and only playing with legal, regulated operators. Similarly, the Mashantucket Pequot Tribal Nation and Foxwoods are committed to supporting the development of awareness and prevention programs for problem gaming - including operating the first self-exclusion program in the country. Additionally, 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.
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, Michigan, Mississippi, New Hampshire, New Jersey, New York, Oregon, Pennsylvania, Tennessee, Virginia, West Virginia, and Wyoming. DraftKings' daily fantasy sports product is available in 7 countries internationally with 15 distinct sports categories. DraftKings is the offic ial daily fantasy partner of the NFL, MLB, NHL, NASCAR, PGA TOUR and UFC as well as an authorized gaming operator of the NBA, an official sports betting partner of the NFL, MLB and NHL an official betting operator of PGA TOUR and the official betting operator of UFC. 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 Mashantucket Pequot Tribal Nation
The Mashantucket (Western) Pequot Tribal Nation is a federally recognized Indian tribe located at one of America's oldest Indian reservations, Mashantucket, in Southeastern Connecticut. As leaders of the Indian Gaming casino industry, the history of the Mashantucket Pequots reveals one of America's greatest come-back stories, featured at the Tribe's world renowned Mashantucket Pequot Museum. Today, the Tribe owns and operates one of the largest Integrated Resort Casino destinations in North America, Foxwoods Resort Casino, along with a variety of complementary businesses including a world-class golf course, luxury spa, Pequot Pharmaceutical Network, and Pequot Plus Health Benefit Services. As one of Connecticut's highest revenue contributors and largest employers, the Mashantucket Pequots have provided the state more than $4 billion in slot revenue through a first-of-its-kind agreement established in 1993. Likewise, the Tribe has contributed hundreds of millions in donations a nd sponsorships for the benefit of communities and tribes in need, locally and throughout the U.S.
About Foxwoods Resort Casino
As the largest resort casino in North America, Foxwoods Resort Casino offers guests a premier destination resort experience throughout its six world-class casinos; AAA Four-Diamond hotels featuring over 2,200 rooms; dining options for all tastes; luxurious spas; award-winning golf; state-of-the-art theaters; Tanger Outlet Mall; conference space for groups of all sizes; and free online casino games at FoxwoodsONLINE.com. There is always something new at Foxwoods, most recently the arrival of Foxwoods Extreme Adventures. Adventure knows no limit as guests can zipline or race around on a European-style indoor karting track. Foxwoods Resort Casino truly is The Wonder Of It All, providing a personalized and exciting escape for everyone. Foxwoods, opened in 1992, is owned and operated by the Mashantucket Pequot Tribal Nation. For a detailed look at Foxwoods Resort Casino and Mashantucket Pequot Tribal Nation visit Foxwoods.com.
I have done 2 small buy limit orders down here, as the base support is forming. Majority of my shares sold are still on the sidelines, until I see the price break and close above the 200 period moving average on the 4 hour chart. Tomorrow is a crucial day.