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The four US operators powered by SBTech: Golden Nugget, Resorts, Churchill Downs’ BetAmerica and Oregon Lottery Scoreboard
DraftKings was mainly ramping up its first mobile sportsbook in New Jersey before launching online casino games toward the end of the year. Both of those businesses should have had a significant contribution during the fourth quarter of this year.
DraftKings is also live in West Virginia and Indiana with mobile sports betting, and in Pennsylvania with mobile betting and online casino. The company had none of those had in the fourth quarter of 2018
Any units not separated will continue to trade on The Nasdaq Capital Market under the symbol “DEACU,” and each of the shares of Class A common stock and warrants will separately trade on The Nasdaq Capital Market under the symbols “DEAC” and “DEACW,”
Roadshow starting.....DraftKings to Present at the ICR Conference
BOSTON--(BUSINESS WIRE)-- DraftKings Inc. (“DraftKings”), a digital sports entertainment and gaming company known for its industry-leading daily fantasy sports and mobile sports betting platforms, today announced that co-founder and CEO Jason Robins will present at the ICR Conference in Orlando, Florida on Monday, January 13, 2020 at 3:00 p.m. EST.
Robins will discuss DraftKings’ previously announced business combination with Diamond Eagle Acquisition Corp. (Nasdaq: DEAC) (“Diamond Eagle”), a publicly traded special purpose acquisition company, and SBTech (Global) Limited (“SBTech”), an international turnkey provider of cutting-edge sports betting and gaming technologies. He will also speak to the growing sports betting and online gaming industries and DraftKings’ strategies for growth.
The presentation will be webcast live on Diamond Eagle’s website http://eagleinvestmentpartners.com/ and will be archived and available for 90 days following the event.
About The ICR Conference
The ICR Conference is a unique platform where public and private company management teams, institutional investors, sell-side research analysts, investment bankers, private equity professionals and select media connect and network with one another as the year begins. The event is one of the largest investment conferences of the year, featuring presentations by more than 170 public and private companies, with attendance regularly exceeding 2,500. For more information please visit www.icrconference.com.
About DraftKings
DraftKings is a U.S.-based digital sports entertainment and gaming company created to fuel the competitive spirits of sports fans with offerings that range across daily fantasy, regulated gaming, and digital media. Headquartered in Boston, and founded in 2012 by Jason Robins, Matt Kalish and Paul Liberman, DraftKings’ daily fantasy product is available in 8 countries internationally with 15 distinct sport categories. Launched in 2018, DraftKings Sportsbook offers mobile and retail betting for major national and global sports, and currently operates pursuant to state regulations in Indiana, Iowa, Mississippi, New Hampshire, New Jersey, New York, Pennsylvania and West Virginia. DraftKings is the Official Daily Fantasy Partner of the NFL and PGA Tour as well as an Authorized Gaming Operator of the MLB and NBA.
About ICR
Established in 1998, ICR partners with companies to execute strategic communications and advisory programs that achieve business goals, build awareness and credibility, and enhance long-term enterprise value. The firm’s highly-differentiated service model, which pairs capital markets veterans with senior communications professionals, brings deep sector knowledge and relationships to more than 650 clients in approximately 20 industries. ICR’s healthcare practice operates under the Westwicke brand (www.westwicke.com). Today, ICR is one of the largest and most experienced independent communications and advisory firms in North America, maintaining offices in New York, Norwalk, Boston, Baltimore, San Francisco, San Diego and Beijing. ICR also advises on capital markets transactions through ICR Capital, LLC. Learn more at www.icrinc.com. Follow us on Twitter at @ICRPR.
About SBTech
SBTech is a global leader in omni-channel sports betting and gaming, with more than 1,200 employees in 10 offices worldwide. Since 2007, the group has developed the industry’s most powerful online sports betting and casino platform, serving licensees in more than 15 regulated territories. SBTech’s clients include many of the world’s premier betting and gaming operators, state lotteries, land-based casinos, horse racing companies, and iGaming start-ups. The group supplies highly flexible betting and gaming solutions to clients looking for exceptional configurability and the quickest route to market, complemented by proven business intelligence and reporting capabilities. The SBTech offering includes its seamless sportsbook, Chameleon360 igaming platform, managed services, on-property sportsbook and omni-channel solutions that provide players with constant access to sports and casino products across all online, mobile and retail channels. Supported by unrivalled expertise in trading and risk management, acquisition and CRM, and the highest standards of regulatory compliance, SBTech’s partners consistently achieve rapid growth, enhanced brand loyalty and record revenues.
About Diamond Eagle Acquisition Corp.
Diamond Eagle, led by Harry Sloan and Jeff Sagansky, was formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses.
Diamond Eagle Acquisition Corp., Led by Media Executive Jeff Sagansky and Founding Investor Harry Sloan, Announces Pricing of $400 million IPO
Business Wire Business WireMay 10, 2019
LOS ANGELES--(BUSINESS WIRE)--
Diamond Eagle Acquisition Corp. (DEACU), the fifth public acquisition vehicle led by media executive Jeff Sagansky and founding investor Harry Sloan, today announced the pricing of a $400 million initial public offering. Each unit issued in the initial public offering consists of one share of Class A common stock and one-third of one warrant to purchase one share of Class A common stock at an exercise price of $11.50 per whole share. The units will be listed on The Nasdaq Capital Market and trade under the ticker symbol “DEACU.” Once the securities comprising the units begin separate trading, the shares of Class A common stock and warrants are expected to be listed on The Nasdaq Capital Market under the symbols “DEAC” and “DEACW,” respectively.
Diamond Eagle Acquisition Corp. was formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. Diamond Eagle’s efforts to identify a prospective initial business combination target will not be limited to a particular industry, sector or geographic region. While Diamond Eagle may pursue an initial business combination opportunity in any industry or sector, it intends to capitalize on the ability of its management team to identify, acquire and operate a business or businesses that can benefit from its management team’s established global relationships and operating experience. Diamond Eagle’s management team has extensive experience in identifying and executing strategic investments globally and has done so successfully in a number of sectors, including media and entertainment.
Diamond Eagle’s sponsor is Eagle Equity Partners, LLC, of which Mr. Sagansky is a Member. Joining him in the management of the company is President, Chief Financial Officer and Secretary, Eli Baker, who served as President, Chief Financial Officer and Secretary of one of Mr. Sagansky’s prior public acquisition vehicles, Vice President, General Counsel and Secretary of another of Mr. Sagansky’s prior public acquisition vehicles and as a director of another of Mr. Sagansky’s prior public acquisition vehicles. Harry E. Sloan, who co-led four prior public acquisition vehicles with Mr. Sagansky, is a founding investor in Diamond Eagle alongside the sponsor. Diamond Eagle’s sponsor and Mr. Sloan have severally committed, pursuant to a written agreement, to purchase an aggregate of 5,666,667 private placement warrants (or 6,366,667 private placement warrants, if the over-allotment option is exercised in full), each exercisable to purchase one share of Class A common stock at $11.50 per share, at a price of $1.50 per warrant, or $8,500,000 in the aggregate (or $9,550,000, if the over-allotment option is exercised in full), in a private placement that will occur simultaneously with the closing of this offering. Deutsche Bank Securities Inc. and Goldman Sachs & Co. LLC are acting as the representatives of the underwriters for the offering and Northland Capital Markets served as a manager.
The offering is being made only by means of a prospectus. When available, copies of the prospectus may be obtained from Deutsche Bank Securities, 60 Wall Street, New York, NY 10005, Attn: Prospectus Group, telephone: 800-503-4611, or by emailing prospectus.CPDG@db.com; or from Goldman Sachs & Co. LLC, 200 West Street, New York, NY 10282, Attn: Prospectus Department, by telephone at 866-471-2526 or by emailing Prospectus-ny@ny.email.gs.com.
Correct reverse merger into a SPAC. Goldman Sachs lead underwriter. The team who put this SPAC together have done four earlier successful SPAC's. Draft Kings will have $400 million in cash and projected revenue of $500 million in a sector(sports betting in the US) that is in its infancy.
This is not an IPO it is a reverse merger of DraftKings and SB Tech into DEAC. The price will be whatever the DEAC stock price is each day.
Online sports gambling will be worth $250B by 2024: Sportsgrid co-founder
California legalizing sports betting.
https://www.foxbusiness.com/sports/legal-sports-betting-california-2020-states.amp?__twitter_impression=true
DEACW $3
Solid day. One more day left to close over $1 and they regain compliance with NASDAQ. Hoping for the compliance PR and 8k on Friday.
Nice day here...buyers started tapping the $2.60s
Getting some traction. This deals underwriter is Goldman Sachs. They are setting up the road show and bringing in the buyers
2s stopped by for a quick cup of coffee this morning.
I bought mainly the deacw warrants but own a few deac common shares as well. Good luck to us here.
Fan duel is owned by paddy power. Paddy power is owned by flutter. Draft Kings is a lot bigger that FanDuel..plus we also get SBtech in the merger. Sbtech owns and provides the software that facilitates the sports betting and lotteries.
What I really like is that nobody paid less than $10 for their shares and even the private place guys paid $1.50 for the deacw warrants. We are able to buy in for a very small premium compared to the Goldman Sachs investors
Maybe higher us sports betting is just getting started.
It talks about the 1 share of deac converting into 1 share of Draft Kings in this filing. Also talks about who gets what in the merger
https://www.otcmarkets.com/filing/html?id=13829786&guid=R9ljUqGWAWbRV3h
Draftkings and SBtech are merging into DEAC. They will have $400-500 million in cash. Estimated 2020 revenue over $500 million dollars. Approximate market cap will be $3bn. FanDuel stocks market cap is $9 billion
It's probably best to ask your stock broker that type of question.
Lot of insider lockups. There is only like 13m of those DEACW warrants..
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PRESS RELEASE: Paid content from Business Wire
Press release content from Business Wire. The AP news staff was not involved in its creation.
Diamond Eagle Acquisition Corp. Announces the Separate Trading of Its Class A Common Stock and Warrants, Commencing on or About July 1, 2019
July 1, 2019
LOS ANGELES--(BUSINESS WIRE)--Jul 1, 2019--
Diamond Eagle Acquisition Corp. (Nasdaq: DEACU) (“Diamond Eagle” or the “Company”) announced that holders of the units sold in the Company’s initial public offering of 40,000,000 units completed on May 14, 2019 (the “offering”) may elect to separately trade the shares of Class A common stock and warrants included in the units commencing on or about July 1, 2019. Any units not separated will continue to trade on The Nasdaq Capital Market under the symbol “DEACU,” and each of the shares of Class A common stock and warrants will separately trade on The Nasdaq Capital Market under the symbols “DEAC” and “DEACW,” respectively
One gap filled..two open gaps left to fill. Other two open gaps left are down at $1.68 and $1.14
FCEL hit $2.95 pre market
Diamond Eagle Acquisition Corp., Led by Media Executive Jeff Sagansky and Founding Investor Harry Sloan, Announces Pricing of $400 million IPO
Business Wire Business WireMay 10, 2019
LOS ANGELES--(BUSINESS WIRE)--
Diamond Eagle Acquisition Corp. (DEACU), the fifth public acquisition vehicle led by media executive Jeff Sagansky and founding investor Harry Sloan, today announced the pricing of a $400 million initial public offering. Each unit issued in the initial public offering consists of one share of Class A common stock and one-third of one warrant to purchase one share of Class A common stock at an exercise price of $11.50 per whole share. The units will be listed on The Nasdaq Capital Market and trade under the ticker symbol “DEACU.” Once the securities comprising the units begin separate trading, the shares of Class A common stock and warrants are expected to be listed on The Nasdaq Capital Market under the symbols “DEAC” and “DEACW,” respectively.
Diamond Eagle Acquisition Corp. was formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. Diamond Eagle’s efforts to identify a prospective initial business combination target will not be limited to a particular industry, sector or geographic region. While Diamond Eagle may pursue an initial business combination opportunity in any industry or sector, it intends to capitalize on the ability of its management team to identify, acquire and operate a business or businesses that can benefit from its management team’s established global relationships and operating experience. Diamond Eagle’s management team has extensive experience in identifying and executing strategic investments globally and has done so successfully in a number of sectors, including media and entertainment.
Diamond Eagle’s sponsor is Eagle Equity Partners, LLC, of which Mr. Sagansky is a Member. Joining him in the management of the company is President, Chief Financial Officer and Secretary, Eli Baker, who served as President, Chief Financial Officer and Secretary of one of Mr. Sagansky’s prior public acquisition vehicles, Vice President, General Counsel and Secretary of another of Mr. Sagansky’s prior public acquisition vehicles and as a director of another of Mr. Sagansky’s prior public acquisition vehicles. Harry E. Sloan, who co-led four prior public acquisition vehicles with Mr. Sagansky, is a founding investor in Diamond Eagle alongside the sponsor. Diamond Eagle’s sponsor and Mr. Sloan have severally committed, pursuant to a written agreement, to purchase an aggregate of 5,666,667 private placement warrants (or 6,366,667 private placement warrants, if the over-allotment option is exercised in full), each exercisable to purchase one share of Class A common stock at $11.50 per share, at a price of $1.50 per warrant, or $8,500,000 in the aggregate (or $9,550,000, if the over-allotment option is exercised in full), in a private placement that will occur simultaneously with the closing of this offering. Deutsche Bank Securities Inc. and Goldman Sachs & Co. LLC are acting as the representatives of the underwriters for the offering and Northland Capital Markets served as a manager.
The offering is being made only by means of a prospectus. When available, copies of the prospectus may be obtained from Deutsche Bank Securities, 60 Wall Street, New York, NY 10005, Attn: Prospectus Group, telephone: 800-503-4611, or by emailing prospectus.CPDG@db.com; or from Goldman Sachs & Co. LLC, 200 West Street, New York, NY 10282, Attn: Prospectus Department, by telephone at 866-471-2526 or by emailing Prospectus-ny@ny.email.gs.com.
Diamond Eagle Acquisition Corp., Led by Media Executive Jeff Sagansky and Founding Investor Harry Sloan, Announces Pricing of $400 million IPO
Business Wire Business WireMay 10, 2019
LOS ANGELES--(BUSINESS WIRE)--
Diamond Eagle Acquisition Corp. (DEACU), the fifth public acquisition vehicle led by media executive Jeff Sagansky and founding investor Harry Sloan, today announced the pricing of a $400 million initial public offering. Each unit issued in the initial public offering consists of one share of Class A common stock and one-third of one warrant to purchase one share of Class A common stock at an exercise price of $11.50 per whole share. The units will be listed on The Nasdaq Capital Market and trade under the ticker symbol “DEACU.” Once the securities comprising the units begin separate trading, the shares of Class A common stock and warrants are expected to be listed on The Nasdaq Capital Market under the symbols “DEAC” and “DEACW,” respectively.
Diamond Eagle Acquisition Corp. was formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. Diamond Eagle’s efforts to identify a prospective initial business combination target will not be limited to a particular industry, sector or geographic region. While Diamond Eagle may pursue an initial business combination opportunity in any industry or sector, it intends to capitalize on the ability of its management team to identify, acquire and operate a business or businesses that can benefit from its management team’s established global relationships and operating experience. Diamond Eagle’s management team has extensive experience in identifying and executing strategic investments globally and has done so successfully in a number of sectors, including media and entertainment.
Diamond Eagle’s sponsor is Eagle Equity Partners, LLC, of which Mr. Sagansky is a Member. Joining him in the management of the company is President, Chief Financial Officer and Secretary, Eli Baker, who served as President, Chief Financial Officer and Secretary of one of Mr. Sagansky’s prior public acquisition vehicles, Vice President, General Counsel and Secretary of another of Mr. Sagansky’s prior public acquisition vehicles and as a director of another of Mr. Sagansky’s prior public acquisition vehicles. Harry E. Sloan, who co-led four prior public acquisition vehicles with Mr. Sagansky, is a founding investor in Diamond Eagle alongside the sponsor. Diamond Eagle’s sponsor and Mr. Sloan have severally committed, pursuant to a written agreement, to purchase an aggregate of 5,666,667 private placement warrants (or 6,366,667 private placement warrants, if the over-allotment option is exercised in full), each exercisable to purchase one share of Class A common stock at $11.50 per share, at a price of $1.50 per warrant, or $8,500,000 in the aggregate (or $9,550,000, if the over-allotment option is exercised in full), in a private placement that will occur simultaneously with the closing of this offering. Deutsche Bank Securities Inc. and Goldman Sachs & Co. LLC are acting as the representatives of the underwriters for the offering and Northland Capital Markets served as a manager.
The offering is being made only by means of a prospectus. When available, copies of the prospectus may be obtained from Deutsche Bank Securities, 60 Wall Street, New York, NY 10005, Attn: Prospectus Group, telephone: 800-503-4611, or by emailing prospectus.CPDG@db.com; or from Goldman Sachs & Co. LLC, 200 West Street, New York, NY 10282, Attn: Prospectus Department, by telephone at 866-471-2526 or by emailing Prospectus-ny@ny.email.gs.com.
Diamond Eagle Acquisition: Now A Pure-Play On U.S. Online Sports Betting
https://seekingalpha.com/article/4314048-diamond-eagle-acquisition-now-pure-play-on-u-s-online-sports-betting
Diamond Eagle Acquisition: Now A Pure-Play On U.S. Online Sports Betting
https://seekingalpha.com/article/4314048-diamond-eagle-acquisition-now-pure-play-on-u-s-online-sports-betting
Online gambling company DraftKings Inc. said Monday it will become a listed company via an acquisition by blank-check company Diamond Eagle Acquisition Corp. (DEAC DEACW) and SBTech, a provider of gaming technologies.
The new entity will be the only publicly traded pure-play sports betting and online gaming company in the U.S.
Online gambling company DraftKings Inc. said Monday it will become a listed company via an acquisition by blank-check company Diamond Eagle Acquisition Corp. (DEAC DEACW) and SBTech, a provider of gaming technologies.
The new entity will be the only publicly traded pure-play sports betting and online gaming company in the U.S.
Any units not separated will continue to trade on The Nasdaq Capital Market under the symbol “DEACU,” and each of the shares of Class A common stock and warrants will separately trade on The Nasdaq Capital Market under the symbols “DEAC” and “DEACW,” respectively.
Diamond Eagle Acquisition Corp. Announces the Separate Trading of Its Class A Common Stock and Warrants, Commencing on or About July 1, 2019
July 01, 2019 06:00 AM Eastern Daylight Time
LOS ANGELES--(BUSINESS WIRE)--Diamond Eagle Acquisition Corp. (Nasdaq: DEACU) (“Diamond Eagle” or the “Company”) announced that holders of the units sold in the Company’s initial public offering of 40,000,000 units completed on May 14, 2019 (the “offering”) may elect to separately trade the shares of Class A common stock and warrants included in the units commencing on or about July 1, 2019. Any units not separated will continue to trade on The Nasdaq Capital Market under the symbol “DEACU,” and each of the shares of Class A common stock and warrants will separately trade on The Nasdaq Capital Market under the symbols “DEAC” and “DEACW,” respectively. No fractional warrants will be issued upon separation of the units and only whole warrants will trade. Holders of units will need to have their brokers contact Continental Stock Transfer & Trust Company, the Company’s transfer agent, in order to separate the units into shares of Class A common stock and warrants
Any units not separated will continue to trade on The Nasdaq Capital Market under the symbol “DEACU,” and each of the shares of Class A common stock and warrants will separately trade on The Nasdaq Capital Market under the symbols “DEAC” and “DEACW,” respectively.
Diamond Eagle Acquisition Corp. Announces the Separate Trading of Its Class A Common Stock and Warrants, Commencing on or About July 1, 2019
July 01, 2019 06:00 AM Eastern Daylight Time
LOS ANGELES--(BUSINESS WIRE)--Diamond Eagle Acquisition Corp. (Nasdaq: DEACU) (“Diamond Eagle” or the “Company”) announced that holders of the units sold in the Company’s initial public offering of 40,000,000 units completed on May 14, 2019 (the “offering”) may elect to separately trade the shares of Class A common stock and warrants included in the units commencing on or about July 1, 2019. Any units not separated will continue to trade on The Nasdaq Capital Market under the symbol “DEACU,” and each of the shares of Class A common stock and warrants will separately trade on The Nasdaq Capital Market under the symbols “DEAC” and “DEACW,” respectively. No fractional warrants will be issued upon separation of the units and only whole warrants will trade. Holders of units will need to have their brokers contact Continental Stock Transfer & Trust Company, the Company’s transfer agent, in order to separate the units into shares of Class A common stock and warrants