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Sports
June 28, 2023
Oregon Lottery and DraftKings to Offer Unusual Betting Markets
This summer, the Oregon Lottery will, through its DraftKings Sportsbook, engage local customers with many unorthodox betting markets. The sportsbook will offer a selection of non-stereotypical offerings for fans of unusual betting. One of the most notable betting options will be Nathan’s Hot Dog Eating Contest. The competition will return on July 4 and will […]
Sports
June 28, 2023
DraftKings Folds Bid for PointsBet US Assets
In a surprising turn of events, DraftKings Inc. announced on June 28 that it will no longer pursue the acquisition of the US business of PointsBet Holdings Ltd. DraftKings expressed its gratitude to PointsBet for their time and cooperation during the process. DraftKings’ Failed Attempt to Acquire PointsBet Paves the Way for Fanatics The collapse […]
Industry
June 27, 2023
PointsBet Requests ASX Trading Halt Due to Material Transaction
Acquisition target PointsBet sent a letter to the Australian Securities Exchange (ASX) this morning to request a trading halt of its stock due to a material announcement. Disclosure Obligations PointsBet requested the immediate implementation of a trading halt on its securities listed on the ASX to allow it to manage its continuous disclosure obligations in […]
Business
June 27, 2023
EveryMatrix Launches Games with DraftKings in New Jersey
The provider of content, services and iGaming software for sports betting and casino operators, EveryMatrix, continues its US-facing expansion after announcing a new collaboration. The company confirmed Tuesday it has gone live with the leading betting and iGaming operator, DraftKings, delivering its engaging content for customers in New Jersey. A statement released by EveryMatrix reveals […]
Industry
June 26, 2023
Rumors of Personal Motives Behind DraftKings’ PointsBet Bid
Failed merger negotiations may be behind DraftKings’ last-minute bid to acquire PointsBet USA and derail an already negotiated deal with Fanatics, according to a media report. Block Fanatics from New York Entry DraftKings chief executive officer Jason Robins is determined to “level the score” with Fanatics boss Michael Rubin, still holding a grudge after Rubin […]
Business
June 20, 2023
PointsBet Looks into DraftKings’ Acquisition Proposal
PointsBet Holdings Limited caused a significant upset in the sports betting industry, announcing it would engage with DraftKings regarding the latter’s acquisition proposal. Even though the board urged shareholders to vote in favor of the previous Fanatics deal, this recent news means DraftKings may come out on top. Nothing is Yet Set in Stone PointsBet’s […]
Casino
June 20, 2023
DraftKings Pays $3.29M in Jackpots in a Single Week
The casino has seen massive payouts go out to some lucky players, setting new records in the process. DraftKings said that two whopping jackpots worth millions of dollars were paid last week alone, putting the grand total of jackpots paid out to players since the company launched its progressive jackpot suite in the Garden State […]
Business
June 16, 2023
DraftKings One-Ups Fanatics in a Bid to Purchase PointsBet USA
Interest in PointsBet’s US division continues to mount as multiple parties expressed interest in acquiring the gaming entertainment company’s regional assets. DraftKings’ recent proposal is substantially higher than the competing offer by Fanatics, increasing its appeal to shareholders. A successful acquisition would bolster DraftKings’ position in the rapidly expanding US sports betting market. The New […]
Legal
May 23, 2023
Recent DraftKings Violation Frustrated the Massachusetts Gaming Commission
The Massachusetts Gaming Commission (MGC) is unhappy with DraftKings’ violations despite the operator’s efforts to remain transparent and follow the rules. After realizing that it unlawfully took unauthorized bets on a tennis event, DraftKings self-reported its breach. Since the company did the right thing by reporting the violation, the MGC has so far refrained from […]
Sports
May 10, 2023
DraftKings Launches Samsung TV Plus’ First FAST Service
Sports technology and media company DraftKings announced today the launch of the first free ad-supported TV (FAST) service on Samsung TV Plus, DraftKings Network. Reaching New Audiences The launch of DraftKings Network on Samsung TV Plus will see DraftKings expand further its presence in sports media, leveraging the reach of Samsung’s streaming TV and video-on-demand […]