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DraftKings Announces Jason Robins' Participation in Upcoming Virtual Event
2021-08-20 04:45:00 PM ET (GlobeNewswire)
DraftKings Inc. (Nasdaq: DKNG) today announced that Jason Robins, co-founder, Chief Executive Officer and Chairman of the Board, will participate in the following event:
-- The Craig-Hallum Online Gaming Conference on Tuesday, August 24, 2021. The fireside chat is scheduled for 10:30 AM ET.
Registration, and the live video and audio portions of the Craig-Hallum Online Gaming Conference can be accessed at DraftKings' Investor Relations website.
About DraftKings
DraftKings Inc. is a digital sports entertainment and gaming company created to fuel the competitive spirit of sports fans with products that range across daily fantasy, regulated gaming and digital media. Headquartered in Boston, and launched in 2012 by Jason Robins, Matt Kalish and Paul Liberman, DraftKings is the only U.S.-based vertically integrated sports betting operator. DraftKings is a multi-channel provider of sports betting and gaming technologies, powering sports and gaming entertainment for operators in 17 countries. DraftKings' Sportsbook is live with mobile and/or retail betting operations in the United States pursuant to regulations in Colorado, Illinois, Indiana, Iowa, Michigan, Mississippi, New Hampshire, New Jersey, New York, Oregon, Pennsylvania, Tennessee, Virginia and West Virginia. DraftKings' daily fantasy sports product is available in 7 countries internationally with 15 distinct sports categories. DraftKings is the official 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. DraftKings also owns Vegas Sports Information Network, Inc. (VSiN), a multi-platform broadcast and content company.
Nvidia Counting on More Data Center, Gaming Gains in Q3 After Q2 Beat, BofA Says
2021-08-19 12:35:39 PM ET (MT Newswires)
12:35 PM EDT, 08/19/2021 (MT Newswires) -- Nvidia (NVDA) beat analyst estimates for fiscal Q2 2022 adjusted earnings and revenue thanks to strong growth in the data center and gaming segments amid supply constraints, BofA Securities said in a research note Thursday.
Gaming demand continued to outpace supply with segment sales rising 85% year-over-year to $3.06 billion and plenty of growth left with only 20% of the installed gamer base so far splurging on Nvidia's RTX ray-tracing technology processors that cost up to 70% more, according to BofA analysts.
Data center sales rose 35% year-over-year to $2.37 billion, reflecting acceleration from fiscal Q1, and Nvidia expects further gains based on the chip maker's above-consensus Q3 guidance, the firm said.
Supply constraints remain a risk, BofA said, citing the lack of visibility into crypto industry demand and regulatory scrutiny of NVIDIA's pending ARM acquisition as other potential negatives.
NVIDIA said late Wednesday Q2 adjusted earnings rose to $1.04 per share from $0.55 per sharea year ago, compared with BofA's forecast of $0.99 and analysts' average estimate of $1.02 in a Capital IQ poll.
Revenue rose to $6.51 billion from $3.87 billion a year earlier, versus BofA's expectation for $6.3 billion and the Street's estimate of $6.34 billion.
The company said it expects fiscal Q3 revenue of $6.8 billion, plus or minus 2%. This compares with BofA's $6.76 billion forecast and a market projection of $6.53 billion.
BofA raised its Nvidia revenue estimate for fiscal 2022 to $25.66 billion from $25.31 billion previously. It now expects 2023 revenue of $29.73 billion versus the prior $29.31 billion and 2024 revenue of $35.73 billion, up from $35.29 billion.
BofA also lifted its EPS estimates for Nvidia to $4.15 in fiscal 2022, $4.77 in 2023 and $5.83 in 2024, from $4.01, $4.57 and $5.60, respectively.
BofA maintained its buy rating on Nvidia and raised the share price target to $260 from $250.
I am keeping an eye on the price value of 208.54. It’s a double top that formed; July 06th and August 05th. With today's trading action, the price should break above tomorrow or Monday and onto new ATHs.
There are 6 more upgrades; JP Morgan, Jefferies, KGI, Credit Suisse, Needham, and BoA.
-- Nvidia Rises After Chipmaker Issues Upbeat Forecast
Nvidia NVDA was rising more than 1% in premarket trading Thursday after the largest U.S. semiconductor maker by market value issued an upbeat forecast for the fiscal third quarter even as the market for chip supplies remains tight.
Nvidia said it expects current-quarter revenue of $6.66 billion to $6.94 billion, higher than analysts' forecasts of $6.57 billion.
CEO Jensen Huang addressed supply constraints on the company's conference call following the release of second-quarter earnings, which beat forecasts.
"We have enough supply to meet our second-half company growth plans," Huang said. "We expect to be able to achieve our company's growth plans for next year."
Nvidia also said its $40 billion acquisition of British chipmaker Arm was taking longer than expected with the deal facing regulatory scrutiny in several countries. But the company said it was "confident in the deal and that regulators should recognize the benefits of the acquisition to Arm, its licensees, and the industry."
"All in, it was another strong print from Nvidia met with equally strong guidance," said Jim Cramer and the Action Alerts PLUS team, which holds Nvidia in its portfolio. "Despite the supply constraints, management appears to be navigating effectively."
** Nvidia Corp said talks with regulators to clear its $40 billion proposed acquisition of British semiconductor technology firm Arm Ltd are taking longer than expected.
Definitely, a dampened to the conference call yesterday. In due time, it will happened. I expect more M&As in the semis before this sector tops.
More Upgrades and a Downgrade. Expect more to come today.
Rosenblatt Adjusts Price Target on NVIDIA to $300 From $250, Maintains Buy Rating
2021-08-19 08:27:41 AM ET (MT Newswires)
08:27 AM EDT, 08/19/2021 (MT Newswires) -- NVIDIA (NVDA) has an average outperform rating and a price target range of $130 to $300, according to analysts polled by Capital IQ.
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Piper Sandler Adjusts NVIDIA's Price Target to $225 From $172.50, Reiterates Overweight Rating
2021-08-19 08:27:29 AM ET (MT Newswires)
08:27 AM EDT, 08/19/2021 (MT Newswires) -- NVIDIA (NVDA) has an average rating of outperform and price targets ranging from $130 to $300, according to analysts polled by Capital IQ.
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Susquehanna Adjusts NVIDIA's Price Target to $220 From $180, Keeps Positive Rating
2021-08-19 08:26:35 AM ET (MT Newswires)
08:26 AM EDT, 08/19/2021 (MT Newswires) -- NVIDIA (NVDA) has an average rating of outperform and price targets ranging from $130 to $300, according to analysts polled by Capital IQ.
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Mizuho Securities Adjusts NVIDIA's Price Target to $235 From $225, Reiterates Buy Rating
2021-08-19 07:56:40 AM ET (MT Newswires)
07:56 AM EDT, 08/19/2021 (MT Newswires) -- NVIDIA (NVDA) has an average rating of outperform and price targets ranging from $130 to $300, according to analysts polled by Capital IQ.
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Summit Insights Downgrades NVIDIA to Sell From Hold
2021-08-19 07:02:52 AM ET (MT Newswires)
07:02 AM EDT, 08/19/2021 (MT Newswires) -- NVIDIA (NVDA) has an average rating of outperform and price targets ranging from $130 to $300, according to analysts polled by Capital IQ.
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KeyBanc Adjusts NVIDIA's Price Target to $245 From $238, Keeps Overweight Rating
2021-08-19 06:30:41 AM ET (MT Newswires)
06:30 AM EDT, 08/19/2021 (MT Newswires) -- NVIDIA (NVDA) has an average rating of outperform and price targets ranging from $130 to $300, according to analysts polled by Capital IQ.
I haven’t read the earnings report or listened to the conference call yet. Most of the time, current earnings is already baked into the price. What was the guidance for the next quarter and for the remaining of the fiscal year? The fact the price didn’t jump a lot in the AH signals the next quarter guidance is either in-line or just slightly above the analysts average.
Listen for the guidance(s) just before the Q&A session. It will dictate where the price will open tomorrow.
Earnings Reaction History: Nvidia Corp, 54.5% Follow-Through Indicator, 4.8% Sensitive
2021-08-18 12:46:50 PM ET (MT Newswires)
12:46 PM EDT, 08/18/2021 (MT Newswires) -- Expected Earnings Release: 08/18/2021, After-hours
Avg. Extended-Hours Dollar Volume: $818,218,532
Nvidia Corp (NVDA) is due to issue its quarterly earnings report in the upcoming extended-hours session. Given its history, traders can expect very active trading in the issue immediately following its quarterly earnings announcement. Historical earnings event related premarket and after-hours trading activity in NVDA indicates that the price change in the extended hours is likely to be of limited value in forecasting additional price movement by the following regular session close.
Last 12 Qtrs Positive Only Price Reactions
Percent of time added to extended-hours gains: 50%
Average next regular session additional gain: 1.2%
Over the prior three fiscal years (12 quarters), when shares of NVDA rose in the extended-hours session in reaction to its earnings announcement, history shows that 50.0% of the time (2 events) the stock posted additional gains in the following regular session by an average of 1.2%.
Last 12 Qtrs Negative Only Price Reactions
Percent of time added to extended-hours losses: 71.4%
Average next regular session additional loss: 1.4%
Over that same historical period, when shares of NVDA dropped in the extended-hours in reaction to its earnings announcement, history shows that 71.4% of the time (5 events) the stock dropped further, adding to the extended-hours losses by an average of 1.4% by the following regular session close.
Baltimore Ravens Name DraftKings Official Daily Fantasy, Sports Betting and Free-to-Play Partner
August 18 2021 - 07:30AM
GlobeNewswire Inc.
The Baltimore Ravens and DraftKings Inc. (Nasdaq: DKNG) announced Wednesday a new deal designating DraftKings as the Official Daily Fantasy Sports Partner and an Official Sports Betting and Free-to-Play Partner of the team. As DraftKings’ first partner in the state of Maryland, the new deal marks DraftKings’ fifth active strategic agreement with an NFL team, further advancing DraftKings’ relationship with the league as an Official Sports Betting Partner and the Exclusive Official Daily Fantasy Partner of the NFL.
“With the start of the 2021 NFL season upon us, our latest designation with the Baltimore Ravens further exemplifies our commitment to fan engagement by way of the DraftKings experience,” said Ezra Kucharz, DraftKings’ Chief Business Officer. “The newly penned relationship offers something for every kind of sports fan and will allow them to engage with DraftKings’ digital content, free-to-play product, daily fantasy sports and, perhaps soon, sports betting, to ultimately bring them closer to the action alongside one of the top teams from the AFC North.”
The new deal will feature DraftKings branding and custom content as part of the Baltimore Ravens’ weekly podcast, “The Lounge.” Expanding further into multi-media platforms, DraftKings will also be named the title sponsor of Baltimore WBAL-1090 News Radio’s Gameday Insider pregame show and a presenting sponsor of the Ravens Wired video online content series, in addition to homepage takeovers on BaltimoreRavens.com, ahead of select games and events.
“This partnership reflects our continued commitment to delivering unique engagement experiences for our fans,” Ravens chief sales officer Kevin Rochlitz stated. “We’re proud to collaborate with an industry leader in DraftKings, and we look forward to seeing the innovative ways in which we’ll better connect with the Ravens fans across our many platforms.”
As part of the collaboration, DraftKings branding will be visible throughout M&T Bank Stadium, complete with a season-long suite. Additionally, the new deal offers exclusive gameday experiences, including away game trips, autographed merchandise, a Punt, Pass & Kick (PPK) event available to DraftKings customers through in-season daily fantasy and sportsbook contests, and a DraftKings-NFL Official Free-to-Play game.
Fans can access DraftKings’ Daily Fantasy Sports and Sportsbook apps by visiting DraftKings.com or by download via iOS and Android.
I have been adding a little more to my core investment holdings on the way down. This is definitely a longer term story which we need to have patience.
DraftKings Marketplace Broadens to Canada Ahead of Exclusive Wayne Gretzky NFT Drops From Autograph
2021-08-17 08:30:04 AM ET (GlobeNewswire)
Following last week's national launch of DraftKings Marketplace, an NFT ecosystem built by DraftKings (Nasdaq: DKNG) to provide mainstream accessibility for buying, selling and trading digital collectibles, the platform will now be available to customers in Canada for the first time ahead of the exclusive Wayne Gretzky NFT drops. The full Preseason Access Collection of Wayne Gretzky NFTs are provided by Autograph in partnership with Upper Deck, with Premier editions dropping on August 17 and Signature editions to follow on August 20. The waiting rooms for every drop will open 30 minutes prior, and joining these queues is essential for customers to gain access to the drops, with the first waiting rooms starting at 2:30pm ET in advance of the opening 3pm ET drops each day. While the inaugural Autograph Tom Brady drops that headlined the launch of DraftKings Marketplace last week were only available to U.S.-based customers, and all sold out instantly, the Wayne Gretz ky collection represents the first international expansion of the platform.
"The DraftKings customer base in Canada has shown tremendous engagement in our daily fantasy contests over the years, and we expect there will be similar levels of enthusiasm to access exclusive DraftKings Marketplace content as NFT adoption in the collectibles space accelerates," said Matt Kalish, co-founder and president of DraftKings North America. "For Canadian sports fans across generations, arguably no athlete is more revered than Wayne Gretzky, which makes this upcoming series of drops all the more impactful knowing that customers in Canada can now participate and acquire unique collectible items of one of their favorite sports heroes."
Since the 2012 launch of DraftKings' daily fantasy product in Canada, customer engagement has been second only to the U.S., with over 67 million total contest entries across all sports including 11 million for NHL contests. The expansion to Canada brings DraftKings Marketplace to millions more potential customers as the Preseason Access Collection of iconic athlete NFTs continues to rollout, including the Wayne Gretzky NFT collection that is particularly relevant for collectors in the country. Canadian-based Scarcity Labs that was previously acquired by DraftKings will help support all aspects of DraftKings Marketplace, which includes the new availability of digital collectibles in Canada and the upcoming Autograph Wayne Gretzky drops.
"I'm thrilled to get into the NFT space with Autograph and expand into Canada, having fans engage with great moments from my hockey career in new, revolutionary ways," said Wayne Gretzky. "I've been committed to sharing and developing the game further for all hockey fans, and I'm proud to work and advise with Autograph, making the space more accessible and streamlined for new and longtime collectors."
"We are more than excited to enter the Canadian market with the release of Wayne Gretzky's Preseason Access Pass," said Dillon Rosenblatt, CEO & Co-Founder at Autograph, "It's an honor to work with Wayne and release his first ever official NFT, and we're excited to showcase and share more about the full Gretzky Collection coming this fall."
Registered DraftKings customers in both the U.S. and Canada can visit https://marketplace.draftkings.com/ to explore DraftKings Marketplace and https://www.autograph.io for the latest exclusive NFT drops.
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 Colorado, Illinois, Indiana, Iowa, Michigan, Mississippi, New Hampshire, New Jersey, New York, Oregon, Pennsylvania, Tennessee, Virginia and West Virginia. DraftKings' daily fantasy sports product is available in 7 countries internationally with 15 distinct sports categories. DraftKings is the official 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 Autograph
Autograph is an 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 Upper Deck
The Upper Deck Company, headquartered in Carlsbad, Calif., is a worldwide sports and entertainment company built on the pillars of quality craftsmanship, authenticity, and innovation with a dedication to creating products that turn memorable moments into collectibles. Upper Deck is home to the world's greatest athletes, including Michael Jordan, Tiger Woods, LeBron James, Wayne Gretzky, Connor McDavid, Patrick Roy, Ben Simmons, Alexis Lafreniere and more.
OPTIONS: Straddle Prices for Stocks Expected to Report Quarterly Results This Week
2021-08-17 04:58:42 AM ET (MT Newswires)
04:58 AM EDT, 08/17/2021 (MT Newswires) -- Straddle prices into quarter results this week
NVIDIA (NVDA) August 200 straddle priced for a move of +/- 5.5% into the expected release of its quarterly results after the bell on Aug. 18.
I totally agree. Price movements heading to into earnings are normally already baked in. In the conference call, there is a small section that last about 20 seconds, just between the end of their presentation report and the Q/A section, when the CFO talks about guidance. Listen for words like "increase", "raising", "boosting", etc.
Wednesday, August 18th after the closing bell.
News - DraftKings Marketplace and Autograph Instantly Sell Out Entire First Premier Preseason Access Collection Featuring Tom Brady
2021-08-12 04:35:42 PM ET (GlobeNewswire)
DraftKings Marketplace, the mainstream accessible NFT ecosystem developed by DraftKings (Nasdaq: DKNG), received enormous fanfare yesterday as all five Tom Brady Premier Preseason Access Collection drops provided by Autograph sold out immediately. Each respective drop across the Carbon, Platinum, Emerald, Sapphire and Ruby editions were all purchased instantly via primary sales at accessible prices ranging from $12-$100 USD. The secondary-transactions market also saw tremendous engagement as thousands of users listed and sold NFTs within the community amounting to over $1 million in gross merchandise volume (GMV).
"Our goal is to build a highly-accessible experience that introduces millions to the world of digital collectibles through DraftKings Marketplace, and so I would like to thank our community for the tremendous support of yesterday's opening day drops," said Matt Kalish, co-founder and president of DraftKings. "The feedback on user experience has been overwhelmingly positive, with fans queueing up to be a part of this initial NFT drop at multiples of the supply offered. This was an absolute success and important first milestone toward meeting our long-term objectives for the platform."
With a total of just over 10,000 Premier NFTs for the inaugural Tom Brady digital collectibles created by Autograph, the drop queues of users across each edition were three times larger than the available supply and instantly sold out. This remarkable demand was complemented by the platform's intuitive design for ease of use that drove positive user sentiment throughout the day by enabling both new and longtime collectors to seamlessly buy and sell the exclusive digital content. Through the partnership with Autograph, tomorrow marks a fresh opportunity for collectors to acquire the exclusive new Tom Brady Signature Preseason Access Collection featuring NFTs that are each digitally signed by Brady himself, and begin dropping at 3pm ET on August 13.
"We are thrilled with the amazing response we received on our initial NFT drop," said Dillon Rosenblatt, CEO and co-founder of Autograph. "Our creative team works very closely with our athlete partners to create an authentic, artistic collection for consumers, and the speed at which we sold out is a testament to the high-quality and accessibility of the unique product we are offering."
Although a favorable position in the queue does not guarantee a user will be able to purchase an NFT on DraftKings Marketplace, account verification and pre-funding can be helpful measures to ensure a more streamlined experience. While the Premier collection offered thousands of Tom Brady digital collectibles, the Signature drops will have significantly fewer, with under 300 total in the whole batch. The Tom Brady Ruby Signed edition within the Signature collection will be the most exclusive NFT drop yet, with only 12 available. Each owner of a Preseason Access Pass NFT, regardless of edition, will also be granted preferential access to a future NFT drop from Autograph at a later date.
Registered DraftKings customers can visit https://marketplace.draftkings.com/ to explore DraftKings Marketplace and the latest exclusive NFT drops.
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 Colorado, Illinois, Indiana, Iowa, Michigan, Mississippi, New Hampshire, New Jersey, New York, Oregon, Pennsylvania, Tennessee, Virginia and West Virginia. DraftKings' daily fantasy sports product is available in 7 countries internationally with 15 distinct sports categories. DraftKings is the official 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 Autograph
Autograph is an 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.
Nice close near the HOD, next resistance is 25.13.
Yup! Also, wants to close at the HOD with above the average daily volume.
NVIDIA to Surpass Fiscal Q2, Q3 Projections as Gaming Drives Revenue Growth into H2, Oppenheimer Says
2021-08-12 03:00:43 PM ET (MT Newswires)
03:00 PM EDT, 08/12/2021 (MT Newswires) -- NVIDIA (NVDA) likely will surpass analyst estimates for Q2 and Q3 amid ongoing supply constraints and "lean" channel inventories, Oppenheimer said in a note to clients Thursday.
The firm projected Q2 earnings of $1.03 a share and Q3 EPS of $1.08 a share. Analysts polled by Capital IQ are expecting Q2 EPS of $1.02 and Q3 earnings of $1.04 a share.
"Despite constraints, we see gaming leading F2Q growth with continued momentum into 2H led by new gaming titles, back-to-school, and holiday," the firm said. "DC demand accelerates into 2H with hyperscale spending and it increasingly favors Al neural network workloads (and) services."
Oppenheimer said it expects full-year 2022 EPS at $4.10 and 2023 earnings of $4.76 a share. The Street sees 2022 earnings of $3.95 a share and 2023 EPS of $4.35.
On NVIDIA's planned acquisition of ARM, the firm said it favors the strategic nature of the purchase but cautioned that "regulatory hurdles remain."
Oppenheimer maintained its outperform rating on the company with a price target of $235.
Shares were up 1.4% in late-day trading.
Building higher highs and higher lows are the foundation of an uptrend. On the 5 min, the price has been doing so since 11am, after forming a base for 30 mins. Notice the price resistance at 10:20am? It's the same price level as the 200 DMA, broke it, and then back-tested at 12:05pm before moving higher.
A true break of the 200 DMA is a close above it, followed by a back test support, and then price will move higher.
Price resistance @ 200 DMA (53.10). It is a pesky one!
DraftKings Proposed Deal With Golden Nugget Opens New Customer Base, Signals More Sports Gaming Deals, Oppenheimer Says
2021-08-10 03:31:13 PM ET (MT Newswires)
03:31 PM EDT, 08/10/2021 (MT Newswires) -- DraftKings (DKNG) proposed acquisition of Golden Nugget Online Gaming (GNOG) opens a new customer base and signals more mergers and acquisitions in the sports gaming industry, Oppenheimer said in a note emailed Tuesday.
The investment firm maintained DraftKings outperform rating and $80 price target.
The digital sports and gaming company said Monday that it will acquire Golden Nugget for $1.56 billion in stock to increase its market share and revenue. The deal is expected to close in the first quarter of 2022.
Oppenheimer analysts estimate that DraftKings currently holds around 20% of online gaming in New Jersey and 17% in Michigan and its main customers are young male sports fans. With this acquisition, DraftKings will also acquire Golden Nugget's 10% to 15% customer base in New Jersey and 4% in Michigan, as well as its customers consisting of 50% female and 50% male with an average age of around 50.
DraftKings will see revenue synergies from the transaction through "cross-selling to Golden Nugget's casino first players" and accessing the "5.5 million members in Golden Nugget's 24K Club and the Landry's select club," said Oppenheimer Analyst Jed Kelly.
The transaction between these companies is the biggest gaming deal next to Penn National Gaming's (PENN) proposed acquisition of Score Media and Gaming (SCR) for $2 billion in cash and stock in the last five days.
Oppenheimer expects fuboTV (FUBO) and Rush Street Interactive (RSI) to be its most "two most likely acquisition candidates" following DraftKings.
The analysts expect DraftKings to own a 25% to 30% share in the US legal sports wagering market as the industry could grow to $11.5 billion by 2025 and $15.3 billion by 2028 with more states regulating sports gaming.
Under the terms of the merger agreement entered into on August 9, 2021 (the "Merger Agreement"), Golden Nugget Online Gaming stockholders would receive a fixed ratio of 0.365 shares of New DraftKings' Class A Common Stock for each Common Share of Golden Nugget Online Gaming they hold on the record date (the "Exchange Ratio"). Tilman Fertitta, who owns beneficially approximately 46% of the equity in GNOG, has agreed to continue to hold the DraftKings shares to be issued to him in the merger for a minimum of one year from the closing of the transaction.
DraftKings and Golden Nugget Online Gaming will host a webcast for investors on Monday, August 9, 2021, at 8:30 am Eastern Time. Investors are invited to join the call by visiting investors.draftkings.com or 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 6795112. A replay will be available shortly after the call ends.
DraftKings Reaches Agreement to Acquire Golden Nugget Online Gaming in an All-Stock Transaction
2021-08-09 07:41:44 AM ET (GlobeNewswire)
DraftKings Inc. (Nasdaq: DKNG) and Golden Nugget Online Gaming, Inc. (Nasdaq: GNOG) today announced that they have entered into a definitive agreement for DraftKings to acquire Golden Nugget Online Gaming in an all-stock transaction that has an implied equity value of approximately $1.56 billion. The acquisition will enable DraftKings to leverage Golden Nugget's well-known brand, iGaming product experience and existing combined database of more than 5 million customers. In connection with the acquisition, DraftKings has entered into a commercial agreement with Fertitta Entertainment, Inc., the parent company of the Houston Rockets, Golden Nugget, LLC and Landry's LLC, and a leader in the gaming, restaurant, hospitality, and sports entertainment industry.
"Our acquisition of Golden Nugget Online Gaming, a brand synonymous with iGaming and entertainment, will enhance our ability to instantly reach a broader consumer base, including Golden Nugget's loyal 'iGaming-first' customers," said Jason Robins, DraftKings' CEO and Chairman of the Board. "This deal creates meaningful synergies such as increased combined company revenues driven by additional cross-sell opportunities, loyalty integrations and tech-driven product expansion as well as technology optimization and greater marketing efficiencies. We look forward to Tilman being an active member of our Board and one of our largest shareholders."
"This transaction will add great value to the shareholders as two market leaders merge into a leading global player in digital sports, entertainment and online gaming," said Tilman Fertitta, Chairman and CEO of GNOG. "Leveraging Fertitta Entertainment's broad entertainment offerings and extensive customer database, coupled with DraftKings' mammoth network makes this an unbeatable partnership. Together, we can offer value to our combined customer base that is unparalleled. We believe that DraftKings is one of the leading players in this burgeoning space and couldn't be more excited to lock arms with Jason and the DraftKings family across our entire portfolio of assets, including the Houston Rockets, the Golden Nugget casinos and Landry's vast portfolio of restaurants. This is a strong commercial agreement for both companies."
Synergies and Strategic Benefits of the Acquisition
The acquisition of Golden Nugget Online Gaming will deliver significant strategic benefits to DraftKings as well as expected synergies of $300mm at maturity. DraftKings will deploy a multi-brand strategy which will enhance cross-sell opportunities and drive increased market share and revenue growth. In addition, there will be multiple channels for cost savings by, among other things, eliminating platform costs as a result of migrating Golden Nugget's current technology to DraftKings' in-house proprietary platform, recognizing enhanced returns on advertising spend through marketing efficiencies, and reducing G&A costs such as duplicative corporate overhead. The commercial deal will also reduce DraftKings' market access rates through preferred pricing with Golden Nugget-owned properties and an exclusive commercial deal across daily fantasy sports, sportsbook and iGaming with the Houston Rockets which further solidifies the deep partnership between DraftKings and Fertitta Ent ertainment. Additionally, the all-stock deal preserves DraftKings' balance sheet and aligns the long-term interests of both brands and shareholders.
Combined company revenues
DraftKings expects to see revenue uplift from additional cross-promotion opportunities, which will expand the Company's customer base by engaging a loyal iGaming-first customer. Additionally, there are anticipated revenue synergies through potential technology and game expansion, including Live Dealer offerings.
Technology optimization
By bringing Golden Nugget Online Gaming onto DraftKings' in-house technology, DraftKings expects to eliminate current Golden Nugget Online Gaming's third-party platform costs, reducing operating expenses and vendor costs. Additionally, DraftKings' technology-first approach will drive product enhancement through expanded offerings, including in-house live dealer, and an improved consumer-driven experience.
Marketing efficiencies
By streamlining marketing strategies and efforts between the two brands, DraftKings expects to realize a higher return on investment. Additionally, the agreement provides DraftKings new opportunities to deeply integrate with Fertitta Entertainment, Inc. and market to existing Golden Nugget customers through cross-selling products, in retail sportsbooks and across Fertitta Entertainment, Inc. assets. DraftKings customers will also have access to new VIP and promotional opportunities, including the ability to purchase discounted rewards and secure reservations using the DraftKings VIP rewards program, subject to a pricing agreement to be determined.
In connection with the acquisition, DraftKings has also reached an agreement regarding a separate commercial deal with Fertitta Entertainment, Inc. across its asset portfolio, including the Houston Rockets, Golden Nugget, LLC and Landry's LLC. The commercial agreement will include marketing integrations, sponsorship assets with the Houston Rockets, an expanded retail sportsbook presence, and the optionality to obtain market access on favorable terms through certain Golden Nugget casinos. DraftKings will also become the exclusive daily fantasy sports, sports betting, and iGaming partner of the Houston Rockets and intends to open a sportsbook at the Toyota Center, pending state legalization and regulatory approvals.
Details of the transaction
As part of the transaction, DraftKings will undergo a holding company reorganization and form a new holding company New DraftKings, which will become the going-forward public company for both DraftKings and GNOG. New DraftKings will be renamed DraftKings Inc. at closing ("New DraftKings").
Under the terms of the merger agreement entered into on August 9, 2021 (the "Merger Agreement"), Golden Nugget Online Gaming stockholders would receive a fixed ratio of 0.365 shares of New DraftKings' Class A Common Stock for each Common Share of Golden Nugget Online Gaming they hold on the record date (the "Exchange Ratio"). Tilman Fertitta, who owns beneficially approximately 46% of the equity in GNOG, has agreed to continue to hold the DraftKings shares to be issued to him in the merger for a minimum of one year from the closing of the transaction.
The Board of Directors of Golden Nugget Online Gaming (the "GNOG Board"), acting upon the unanimous recommendation of a committee of independent and disinterested directors established by the GNOG Board (the "Special Committee"), approved the Merger Agreement and the transaction, and resolved to recommend Golden Nugget Online Gaming's stockholders vote to approve the Merger Agreement and the transaction.
The Board of Directors of DraftKings has also approved the transaction.
The transaction is subject to approval by Golden Nugget Online Gaming stockholders, the receipt of required regulatory approvals and other customary closing conditions and is expected to close in the first quarter of 2022. The approval of the transaction by Golden Nugget Online Gaming stockholders is expected to be obtained through a written consent to be provided by Tilman Fertitta.
Additional details and information about the terms and conditions of the acquisition will be included in Current Reports on Form 8-K to be filed by DraftKings, and Golden Nugget Online Gaming and Fertitta Entertainment, Inc. with the Securities and Exchange Commission.
DraftKings Raises Full-Year Revenue Prospects as User Numbers Grow Amid Move Into 'Very Attractive' NFTs
2021-08-06 08:48:41 AM ET (MT Newswires)
08:48 AM EDT, 08/06/2021 (MT Newswires) -- DraftKings (DKNG) Friday raised its revenue outlook for the full year after reporting second-quarter results that were ahead of analysts' expectations, bolstered by the gaming company's growth in new markets and products.
The company posted an adjusted loss of $0.26 per share for the three months ended June 30, narrower than the Capital IQ consensus for a loss of $0.52 a share. On a GAAP basis, the loss was $0.76 a share compared with a loss of $1.80 a year earlier.
Revenue climbed to $297.6 million from $70.9 million previously, ahead of the Street's view for $247.2 million.
"DraftKings had a particularly strong second quarter of 2021, maintaining our impressive financial performance while also advancing into new areas, such as media and NFTs," Chief Executive Jason Robins said in a statement. "We believe these expansion opportunities will enable us to further grow our customer base and generate additional revenues through cross-selling to our existing players."
Last month, DraftKings said it would roll out a marketplace for digital collectables including non-fungible tokens, or NFTs, from Autograph, a platform that uses athletes and celebrities to create the items.
Sports NFTs are a "very attractive category" of digital collectables, and DraftKings has an option to obtain an ownership stake in Autograph, it said in an investor presentation Friday.
DraftKings lifted its guidance for full-year revenue to $1.21 billion to $1.29 billion from a prior range of $1.05 billion to $1.15 billion, driven by "continued user retention, engagement and acquisition due to the effectiveness of our marketing spend," the company said. The Capital IQ view is for $1.18 billion.
Monthly unique payers in the company's business-to-consumer segment rose 281% in the second quarter, and DraftKings said its online sports betting is active in 12 states making up a quarter of the US population. Average revenue per user rise 26% year-on-year to $80 in the quarter as the sports schedule returned to normal from COVID-19 cancellations made a year before.
I have my core shares holding and been buying slowly on the way down.
Conference Call: August 6, 2021 at 8:30 AM EDT
https://draftkings.gcs-web.com/events/event-details/draftkings-q2-2021-earnings-call
DraftKings Narrows Q2 Loss as Revenue Rises; Lifts Revenue Outlook for 2021
2021-08-06 07:48:55 AM ET (MT Newswires)
07:48 AM EDT, 08/06/2021 (MT Newswires) -- DraftKings (DKNG) said Friday that it narrowed its Q2 loss to $0.76 per share from a year-ago loss of $1.80 per share. Analysts polled by Capital IQ estimated a loss of $0.58 per share.
On an adjusted basis, the company reported a loss of $0.26 per diluted share, versus a Capital IQ estimate of a loss of $0.52 per share.
Revenue for the quarter rose to $297.6 million from $70.9 million a year earlier. The Street estimate was $247.2 million.
Looking ahead, the company increased its fiscal year 2021 revenue outlook to a range of $1.21 billion to $1.29 billion from a range of $1.05 billion to $1.15 billion. The Street forecast is $1.18 billion.
DraftKings and Genius Sports Sign Transformative NFL, Official Sports Data, Single-Game Parlay, and Fan Engagement Agreement
2021-08-05 07:00:30 AM ET (BusinessWire)
Genius Sports Limited (NYSE: GENI) ("Genius Sports") today announced a new supplier agreement with DraftKings Inc. (NASDAQ:DKNG) ("DraftKings"), a leading sports betting and gaming operator in the U.S., to provide its full range of official sportsbook data and content and fan engagement solutions, including a complete suite of NFL-related products.
The agreement with DraftKings signifies the international adoption of official sports data across the sports ecosystem. As part of the agreement, DraftKings will leverage Genius Sports' unique technology to help power immersive and personalized live experiences for millions of fans. DraftKings will also gain access to Genius Sports' proprietary, official data and live video feeds from over 170,000 events per year, including its official NFL data products, dynamic content and player acquisition and retention solutions.
In April 2021, DraftKings was selected as one of the NFL's tri-exclusive official sports betting partners. In the same period, Genius Sports became the league's exclusive distributor of real-time official play-by-play statistics, proprietary Next Gen Stats (NGS) data, and official sports betting data feed. DraftKings will also become one of the first betting operators to implement a full Genius Sports NFL offering, including NGS, that powers the full player lifecycle, from new acquisition to pre-and in-game engagement, as well as long-term retention.
With this collaboration, DraftKings will expand its official sports data portfolio, allowing customers access to secure, authorized, and official data from top-tier leagues beyond the NFL such as the English Premier League, Liga MX and NASCAR. Through these official live streams, DraftKings users will be able to wager on hundreds of new competitions, including Argentine and Colombian soccer, and the American Hockey League, further reinforcing the business' position as a provider of world-leading live betting products.
As part of this partnership, DraftKings will also deploy BetBuilder, Genius Sports and Sportcast's fully automated single-game parlay solution for the NFL, NBA, NHL, MLB and major soccer competitions. "Our customers are at the forefront of all we do and we are always working to better their experience and our products," said Ezra Kucharz, Chief Business Officer, DraftKings. "The mutually beneficial terms of this agreement allow us to leverage Genius' technology for years to come. We are excited to expand on the capabilities of our products and provide new and exciting features for our customers like single-game parlays, while having confidence in the integrity of the data we utilize to fuel our offerings."
"Being selected by DraftKings, one of the most prolific sportsbook brands in the U.S., is another historic achievement for Genius Sports," said Mark Locke, CEO at Genius Sports. "This partnership reinforces our commitment to official sports data and demonstrates its intrinsic value in helping our sportsbook partners stand out from the competition. Our data, trading, streaming and marketing services deliver a complete set of sportsbook solutions that are backed by the largest leagues in world sports, including the NFL."
"We have invested heavily to ensure that our official data is the fastest, richest and most accurate available, and are committed to continued innovation," said Christopher Halpin, NFL Chief Strategy & Growth Officer. "With Genius, DraftKings and the NFL working together on official sports data, we will help create a highly engaging, secure and sustainable sports betting environment for fans to enjoy."
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 Colorado, Illinois, Indiana, Iowa, Michigan, Mississippi, New Hampshire, New Jersey, New York, Oregon, Pennsylvania, Tennessee, Virginia and West Virginia. DraftKings' daily fantasy sports product is available in 7 countries internationally with 15 distinct sports categories. DraftKings is the official 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. DraftKings also owns Vegas Sports Information Network, Inc. (VSiN), a multi-platform broadcast and content company.
Looks like the bulls are trying to run this up again. Volume is on the strength side this time around.
Not yet. Gap filled is at 12.00 (daily) but the price is trying to pull upwards. If the price can cross over 15.25 and stay above for 30 minutes, we can see a good upward momentum.
Unfortunately.... individual ETFs are bundled with both good and bad performing companies. Another reason why holding individual stocks that are best of breed is still the best route to go.
ON is my only semi on my portfolio and its the only one left under 50.00. All the upgrades are coming out this morning.
Yes. I agree. The low float stocks tend to be really jumpy. Apparently, FOMO is costly experience.
Not yet. Look for a hammer candle with a long bottom Wick to occur. The price tried to bottom again today but the overall market was bearish.
DraftKings and Sports & Social Enter Into Strategic Sports Betting and Entertainment Agreement
2021-07-29 07:30:02 AM ET (GlobeNewswire)
DraftKings Inc. (Nasdaq: DKNG) and national entertainment concept, Sports & Social, announced today a strategic new relationship to create upscale Sports & Social/DraftKings sports bars beginning in the Nashville and Detroit markets, pending regulatory approvals. The collaboration brings together Sports & Social's market leadership in operating high-energy, first-class dining and entertainment venues with DraftKings' top-rated and industry-leading sports gaming platforms. Together, the integration forms one of the most exciting new offerings in sports betting and entertainment for DraftKings and Sports & Social fans across the nation. The Sports & Social/DraftKings venues will be designed by ICRAVE, an internationally acclaimed award-winning strategy, design, and development firm, and promises to fill a niche by providing an upscale, premier sports and entertainment experience.
"Today, so much of sports betting is focused on the mobile-technology aspect, however the in-person experience is an integral layer that we look forward to advancing alongside Sports & Social's premier dining and entertainment offerings," said Ezra Kucharz, chief business officer at DraftKings. "By aligning with one of the fastest-growing entertainment concepts in the country, we now have the opportunity to bring our world-class products to life by offering engaging, interactive and fan-first destinations to skin-in-the-game customers."
DraftKings operates in 14 states with online and retail sportsbooks, with several additional new markets on the horizon. Whether betting on mobile devices or in person at one of the 10 retail locations across the United States, DraftKings offers customers comprehensive betting markets and options, including live wagers and player proposition wagers. Additionally, DraftKings has sponsorship deals with several professional sports teams and leagues which include experiential elements for its customers.
A powerhouse name in dining and entertainment, Sports & Social is an upscale gaming parlor and social lounge that features the best in sports-watching and state-of-the-art audio/visual displays, made-from-scratch menu items, curated cocktails and exciting entertainment. Sports & Social is a concept by Live! Dining & Entertainment, a division of The Cordish Companies. A leader in the food & beverage industry, Live! Dining & Entertainment is one of the largest and most successful developers and operators of restaurants and entertainment concepts in the United States. Live! proudly welcomes 55 million visitors a year to its award-winning dining, entertainment, music, casino, hotel and sports-anchored destinations and venues nationwide.
"DraftKings is an industry leader in sports betting and entertainment, and we are incredibly excited to work with them to bring this new experience to life," stated Reed Cordish, Principal of The Cordish Companies. "We are always looking to create new and innovative experiences for our guests and this collaboration will allow us an exciting opportunity to do so, bringing an incredible premier sports-watching experience with sports betting all under one roof."
Sports & Social is currently located at the front door of professional sports stadiums, high-profile entertainment districts and world-class casino-resort destinations around the country including The Battery adjacent to Truist Park in Atlanta, GA; Ballpark Village adjacent to Busch Stadium in St. Louis, MO; Texas Live! in heart of the Arlington Entertainment District; Live! Casino Pittsburgh in Pittsburgh, PA; Live! Casino & Hotel Philadelphia in Philadelphia's Stadium District and Live! Casino & Hotel Maryland in the Baltimore/Washington Corridor, one of the largest and most successful casino-resort destinations in the country. Locations of the Sports & Social/DraftKings venues will be announced in the coming months.
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 50+ operators in 17 countries. DraftKings' Sportsbook is live with mobile and/or retail betting operations in the United States pursuant to regulations in Colorado, Illinois, Indiana, Iowa, Michigan, Mississippi, New Hampshire, New Jersey, New York, Oregon, Pennsylvania, Tennessee, Virginia and West Virginia. DraftKings' daily fantasy sports product is available in 7 countries internationally with 15 distinct sports categories. DraftKings is the official 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 betting operator of the PGA TOUR and the official betting operator of UFC. DraftKings also owns Vegas Sports Information Network, Inc. (VSiN), a multi-platform broadcast and content company.
About The Cordish Companies
The Cordish Companies' origins date back to 1910 and encompass four generations of privately-held, family ownership. During the past ten decades, The Cordish Companies has grown into a global leader in Gaming; Commercial Real Estate; Entertainment Districts; Sports-Anchored Developments; Hotels; Residential Properties; Restaurants; Coworking Spaces; and Private Equity. One of the largest and most respected developers in the world, The Cordish Companies has been awarded an unprecedented seven Urban Land Institute Awards for Excellence for public-private developments that are of unique significance to the cities in which they are located. The Cordish Companies has developed and operates highly acclaimed dining, entertainment and hospitality destinations throughout the United States, many falling under The Cordish Companies' Live! Brand, highly regarded as one of the premier entertainment brands in the country. Welcoming over 55 million visitors per year, these developments are a mong the highest profile dining, entertainment, gaming, hotel and sports-anchored destinations in the country. Over the generations, The Cordish Companies has remained true to the family's core values of quality, entrepreneurial spirit, long-term personal relationships, and integrity. As a testimony to the long-term vision of its family leadership, The Cordish Companies still owns and manages virtually every business it has created. For more information visit www.cordish.comâ?¯or follow us onâ?¯Twitter.
"The Cordish Companies," "The Cordish Company" and "Cordish" are trademarks used under license by independent corporations, legal liability companies and partnerships ("Cordish Entities"). Each Cordish Entity is a separate, single-purpose legal entity that is solely responsible for its obligations and liabilities. No common operations or financial interdependency, and no intermingling of assets or liabilities of the Cordish Entities exists, or should be deemed to exist, as a result of the potential common reference to multiple independent entities operating under the names "Cordish," "The Cordish Companies" or "The Cordish Company" here or elsewhere.
About Sports & Social
Sports & Social is a powerhouse concept that offers its guests a complete food and beverage, sports viewing and entertainment experience. Each venue boasts state-of-the-art AV technology showcasing the top sports events year-round, a wide variety of interactive social games, and live music and events throughout the week. Sports & Social is located in high-profile entertainment districts, world-class casino resort destinations, and at the front door of professional sports stadiums around the country. Sports & Social is a concept by Live! Dining & Entertainment, a division of The Cordish Companies. Recognized as a leader in the food & beverage industry, Live! Dining & Entertainment is one of the largest and most successful developers and operators of restaurants and entertainment concepts in the United States. Sports & Social is experiencing significant growth and continues to expand nationwide.
The technicals are looking good, esp when my 4 hour scanner picked up DKNG near closing yesterday. The key price barrier to break is 52.78 which is the 200 day moving average. Nine “actual” days before earnings.
Red Sox Name Boston-Based DraftKings as Official, Exclusive Daily Fantasy Sports Partner
2021-07-28 07:30:00 AM ET (GlobeNewswire)
Designation Includes Signage Above the Iconic Green Monster
The Boston Red Sox and DraftKings Inc. (Nasdaq: DKNG) today announced a deal making DraftKings the official Daily Fantasy Sports (DFS) provider of the franchise. The agreement reinforces DraftKings' existing relationship with one of the most storied teams in baseball.
"We are thrilled to team up with a historic franchise like the Red Sox and bring DraftKings closer to this passionate fanbase, which is even more special given our hometown Boston roots," said Ezra Kucharz, chief business officer of DraftKings. "As a Boston-born company, we are well-acquainted with the devotion of Boston sports fans, and we believe the engagement possibilities of this integration are only just beginning."
The Red Sox represent DraftKings' most recent local sponsorship agreement in the Northeast, after previously solidifying deals with the New England Patriots and Boston Celtics. In addition to a variety of content integrations, the DraftKings brand will be displayed throughout historic Fenway Park, in addition to its current signage above the iconic Green Monster. Additionally, DraftKings will have field level home plate signage and LED branding along the first and third baseline for one inning at each regular season home game.
"Since 2015, we have worked closely with DraftKings and are pleased to now have this Boston-based company on board as our official daily fantasy sports partner," said Red Sox EVP of Partnerships Troup Parkinson. "With millions participating in the world of fantasy sports, this partnership positions us well to grow our game and engage with our fans on a trusted platform. We look forward to deepening our partnership in the years ahead."
In addition to in-stadium branding, DraftKings will be promoted as the official daily fantasy partner of the Red Sox Foundation through emails, social media posts, and the Red Sox Foundation website. Furthering its CSR efforts, the company will also have title sponsorship of the 50-50 raffle for all home games and includes branding on raffle sales team paddleboards, raffle tickets, and email blasts. The deal also further deepens DraftKings' partnership with the Red Sox Foundation, one of the largest and most successful team charities in all of professional sports.
A leader in digital sports entertainment and gaming, 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. Responsible gaming is a key pillar of the S.E.R.V.E.S. program and DraftKings' collective mission is to protect the vulnerable with groundbreaking technology, training, resources and the support of evidence-based research. Fans can access DraftKings' Daily Fantasy Sports, Sportsbook and Casino apps by visiting DraftKings.com or by downloading 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 50+ operators in 17 countries. DraftKings' Sportsbook is live with mobile and/or retail betting operations in the United States pursuant to regulations in Colorado, Illinois, Indiana, Iowa, Michigan, Mississippi, New Hampshire, New Jersey, New York, Oregon, Pennsylvania, Tennessee, Virginia and West Virginia. DraftKings' daily fantasy sports product is available in 7 countries internationally with 15 distinct sports categories. DraftKings is the official 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 betting operator of the PGA TOUR and the official betting operator of UFC. DraftKings also owns Vegas Sports Information Network, Inc. (VSiN), a multi-platform broadcast and content company.