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Business
March 19, 2024
DraftKings Strengthens Team with Major Internal Promotions
DraftKings announced two internal promotions, naming Jason Park and Alan Ellingson as chief transformation officer and chief financial officer, respectively. According to the company, Park, currently serving as CFO, will vacate the role to instead oversee the company’s transformational efforts. The newly created role will see him “lead initiatives to deploy cutting-edge technologies to capture […]
Legal
March 19, 2024
DraftKings Escalates Prosecution against Former VIP Head
DraftKings, the prominent online sports betting giant, has intensified its legal battle against Michael Hermalyn, the former head of its VIP program, with fresh accusations of corporate espionage. The allegations come in response to Hermalyn’s recent appointment as the president of the VIP division at Fanatics. Hermalyn allegedly misappropriated trade secrets during his time with […]
Sports
March 18, 2024
DraftKings Rolls Out Retail Betting at Wrigley Field
Currently, DraftKings is a leading betting and gaming operator with a strong presence across the United States. Besides offering mobile betting in many states, the company has a presence via retail betting outlets as well, promising exceptional viewing and betting experiences. Only recently, DraftKings opened the doors of its latest retail sportsbook located at Wrigley […]
Industry
March 14, 2024
DraftKings Launches My Stat Sheet Tool for Responsible Gaming
Earlier in the week, DraftKings’ chief executive officer, Jason Robins, spoke about the still untapped potential of iGaming, hinting that the online casino sector is more prone to innovation than sports betting. Now, the digital sports entertainment and gaming company has announced the launch of My Stat Sheet, a brand-new feature that would offer access […]
Industry
March 12, 2024
AI Technology Is a “Friend” to DraftKings, CEO Says
DraftKings’ chief executive officer, Jason Robins, commented on the untapped potential of iGaming, suggesting that the online casino sector has more room for innovation than sports betting. Speaking at the Technology, Media and Telecom Conference, Robins provided an insight into his company’s iGaming ambitions. Robins noted that his team is currently investing in proprietary live […]
Sports
March 11, 2024
Comcast Enhances Xfinity X1 with Sports Betting Features
Comcast has announced its expansion into interactive experiences via a new collaboration. The company teamed up with DraftKings to deliver live odds to Xfinity X1. Customers of the platform will be able to enjoy Xfinity Odds Zone, delivering odds from the leading betting and gaming operator directly on TV, while enjoying live sports events and […]
Business
March 6, 2024
FanDuel Grabs Top Spot in Recent Eilers & Krejcik Gaming Report
In a LinkedIn post shared by Chris Krafcik, Managing Director at Eilers & Krejcik Gaming, LLC, FanDuel seems to have one-upped its opponent in the fourth quarter of 2023. FanDuel’s momentum is owing to significant presence and resilience in both casino and sports betting markets, as well as online gambling in general, although the company […]
Business
February 27, 2024
DraftKings’ Resilience Shines Amidst Market Challenges, Signals Growth
In the midst of recent market fluctuations, DraftKings Inc appears to be garnering significant attention from investors eyeing potential opportunities. Despite experiencing a 9.56% decline over the past week, DraftKings stock has remained resilient, prompting experts to consider the current scenario as a potential buying opportunity. DraftKings Rides the Market Fluctuations and Positions Itself for […]
Business
February 16, 2024
DraftKings Posts Exceptional Q4 Results, Updates 2024 Guidance
The leading North American sports betting and iGaming operator, DraftKings, released its latest financial report. On Thursday, the company disclosed details regarding its performance for the fourth quarter and fiscal year 2023, highlighting a significant increase in revenue. DraftKings’ latest unaudited report reveals that its revenue for 2023 hit $3.67 billion. This result, compared to […]
Business
February 16, 2024
DraftKings Expands Reach with $750M Acquisition of Jackpocket
DraftKings Inc. has finalized an agreement to purchase Jackpocket, the prominent US lottery app, for a staggering $750 million. DraftKings’ Partnership with Jackpocket Signals Entry into US Lottery Industry The deal, structured with approximately 55% cash and 45% stock components, underscores DraftKings’ strategic maneuver to tap into the vast potential of the US lottery industry. […]
