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Business
March 3, 2022
Morgan Stanley Optimistic about DraftKings’ Stock Despite Short-Term Losses
A recent Morgan Stanley analyst note is bullish on the potential of the DraftKings stock as gaming shares are a hotly debated topic in investment circles. Some have advised that more consolidation of the sector would be needed before any real gains can be realized. Yet, the outlook from Morgan Stanley for the fantasy and […]
Business
February 22, 2022
DraftKings Plans to Grow Its Market Share in 2022
Following the “excellent “performance indicators recorded during Q4 2021, Boston-headquartered digital gaming and sports entertainment company DraftKings Inc. is optimistic about its growth in 2022. CEO and co-founder Jason Robins says the company has big plans to grow and reach new markets in the upcoming months. The Start of 2022 Was “Tremendous” Robins called the […]
Industry
February 18, 2022
DraftKings’ Q4 Earnings Report Revealed Strong Growth YoY
DraftKings announced today its financial results for the three months ended December 31 and full-year 2021 report posting 47% quarterly growth year-over-year with Q4 revenue of $473 million, yet markets reacted by ditching its stock. Revenue Exceeding Expectations Revenue generated by DraftKings in the final three months of 2021 beat the market consensus of $439 […]
Sports
February 18, 2022
Majority of Super Bowl Bets Were Placed Illegally, DraftKings’ CEO States
The CEO of DraftKings, Jason Robins, has stated that even though the Super Bowl has shattered records in terms of wagering, a majority of the bets were conducted illegally. Although 30 states have legalized sports betting, Robins claims the three largest states in the US still consider betting to be an illegal activity in terms […]
Business
February 17, 2022
Customer Acquisition, Promo Costs Take Their Toll on DraftKings
Sports betting and iGaming operators are going through a massive acquisition phase in the US. They’re fighting for customers as each state comes online, and the best way to attract attention is through promotions and bonuses. However, they’re like a double-edged sword. While cutting into competitors’ ability to win a customer, promos also cut into […]
Sports
February 14, 2022
DraftKings Joins Norwich City’s Roster of Partners
DraftKings, the number one rated sports betting app that has paid out more than $7 billion to date, has signed a partnership deal with Norwich City, an English Premier League soccer club. DraftKings will thus become the official daily fantasy sports partner of the club until May 22, the last official day of the 2021/22 […]
Business
February 2, 2022
DraftKings Strengthens Media Team with Two Media Heavyweights
The American daily fantasy sports contest and sports betting company DraftKings has bolstered its media team with two media industry heavyweights. DraftKings Adds Two Veterans to Its Media Team The two new members who will be responsible for the gambling operator’s media endeavors are Stacie McCollum who will be DraftKings’ new head of programming and […]
Sports
January 27, 2022
DraftKings Mobile to Launch at Golden Nugget Casino in Lake Charles
Golden Nugget Casino in Lake Charles has expanded its relationship with DraftKings after launching a retail sportsbook at the premises in November 2021. Louisiana will become the 17th state to offer the online sportsbook by DraftKings as the mobile betting services by the operator for eligible customers will be permitted on January 28, at 8 […]
Industry
January 26, 2022
Morgan Stanley’s Intervention Turned the DraftKings’ Tide
A stock rating upgrade by Morgan Stanley saw DraftKings stock price reverse its negative trend that brought its share price from $64.50 to less than $20 in the space of four months. Is It ‘Too Big an Opportunity?’ Morgan Stanley upgraded the Boston-based gaming operator’s stock rating from Equal-Weight to Overweight in a report titled […]
Industry
January 25, 2022
Stephanie Sherman Assumed DraftKings Chief Marketing Officer Role
DraftKings announced today an internal promotion that saw long-serving Stephanie Sherman assume the role of chief marketing officer to consolidate all marketing functions in the business under her leadership. All-Round Marketing Executive Sherman, who was one of the first employees of Boston-based DraftKings when she joined in 2013, would be responsible for future marketing efforts, […]