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Business
May 3, 2024
DraftKings Reports Impressive Q1 2024 Financials, Raises Guidance
DraftKings Inc. has announced its financial results for the first quarter of 2024, posting robust revenue growth and providing an optimistic outlook for the rest of the year. The company also shared updates on its business performance and strategic prospects as it hopes to further capitalize on the spread of regulated sports betting and iGaming […]
Legal
May 1, 2024
Legal Dispute between DraftKings and Fanatics Heats Up
The District Court of Massachusetts granted DraftKings a preliminary injunction against Mike Hermalyn, a former executive accused of stealing and sharing trade secrets with rival company Fanatics. Hermalyn, who served as vice-president of VIP at DraftKings and now holds the position of president of VIP at Fanatics, will face restrictions on his role at the […]
Industry
May 1, 2024
DraftKings & Everi Appear on Energage’s Top Workplaces List
DraftKings and Everi, among other gaming companies, have appeared on Energage’s Top Workplaces USA 2024 list, highlighting the companies’ commitment to ensuring the well-being of their employees. The Top Workplaces award celebrates companies that prioritize people-centered culture and give their employees a voice. The list is based entirely on employee feedback. Everi, a Las Vegas-based […]
Sports
April 30, 2024
DraftKings Takes the Cake in New York in a Single Week
The data shows that DraftKings was able to pull in a total of $27.3 million in terms of sports gambling revenue, half of the market total more or less. DraftKings posted a hold level of 14.6% on the $187.1 million wagered with the platform during the week and set a new record for itself. DraftKings […]
Industry
April 23, 2024
Weak Q1 Betting Results Hindered iGaming’s Contributions, JMP Says
JMP Securities analysts say that iGaming in the United States remains on the rise. The online casino industry’s successes, however, were offset by the suboptimal performance of the US sportsbooks, the financial services company added. As reported by Next.io, JMP Securities’ experts recorded strong trends in betting handle during the first quarter of the year. […]
Business
April 23, 2024
DraftKings Designates Lori Kalani as First-Ever Chief Responsible Gaming Officer
DraftKings has unveiled the appointment of Lori Kalani as its first-ever chief responsible gaming officer. The new role aligns with DraftKings’s core priorities and the operator’s desire to cement responsible gambling as a core tenet of its business. In the new position, Kalani will respond directly to CEO Jason Robins and will leverage her expertise […]
Legal
April 18, 2024
DraftKings Lands in Court over Promotion of “Risk-Free” Bets
Gambling and betting giant DraftKings has found itself in hot water because of its promotion of “risk-free” bets in New York. A class action filed in the Southern District of New York on April 17 accuses the operator of deceptive advertising. The lawsuit was initiated by Samantha Guery through Reese LLP, a professional law firm. […]
Sports
April 18, 2024
DraftKings’ Lawsuit Exposes Feud with Fanatics in Corporate Warfare
Former executives from DraftKings find themselves embroiled in a legal battle with accusations of enticement and stolen corporate secrets. The ongoing feud between DraftKings and Michael Rubin, the billionaire behind the competing sports-betting company Fanatics, reached a climax during a recent court hearing. DraftKings Lawsuit Unveils Allegations of Breach and Recruitment Tactics The heart of […]
Industry
April 15, 2024
Harm Mitigation Places Some Onus on the Individual Too, DraftKings’ CEO Says
Jason Robins, chief executive officer of the American gambling giant DraftKings, has suggested that not all responsibility to overcome gambling addiction lies with the operators. While he acknowledged the companies’ important role in the process, he remained firm that there is also “some onus on the individual.” In an interview with Fortune, Robins talked about […]
Legal
April 4, 2024
Class Action Lawsuit in Massachusetts against DraftKings Moved to BLS
A lawsuit filed by a non-profit organization that safeguards the public health in Massachusetts against the leading gaming and betting giant, DraftKings, was reassigned to another court recently. The change came upon a request from the gaming and betting company which is the defendant in the lawsuit. DraftKings requested the class action lawsuit to be […]
