DraftKings Beats Estimates as Pro Sports Return
The resumption of several major sports in the third quarter, as well as the start of the NFL season, "generated tremendous customer engagement."
DraftKings Loses $161M Amid Lull in Betting
“With a number of major sports resuming or starting their seasons, we've seen a strong uptick in our active users."
DraftKings Goes Public
The online sports betting operator is trading on the Nasdaq after merging with a blank check company.
DraftKings to Go Public Through Blank Check Deal
The deal will create the “only vertically-integrated pure-play sports betting and online gaming company based in the United States.”
Fantasy Sports Platforms Terminate Merger
The FTC, which had moved to block the combination of FanDuel and DraftKings, calls the termination “a clear win for American consumers.”
DraftKings and FanDuel to Stop Paid Contests in N.Y.
"Our key claims against the companies for false advertising and consumer fraud are not affected by the agreement and will continue,” said the N.Y. AG.
New York Cracks Down on Fantasy Sports Sites
The state's attorney general says daily fantasy games offered by DraftKings and FanDuel "easily meet the definition of gambling."
Accounting and Finance Roundup for Executives
Trust the perspective of a chief executive. The best news in finance on the web can be found at CFO, here's today's roundup.