DraftKings

DraftKings Beats Estimates as Pro Sports Return
Financial Performance

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."
By Matthew Heller | November 16, 2020
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DraftKings Loses $161M Amid Lull in Betting
Financial Performance

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."
By Matthew Heller | August 14, 2020
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DraftKings Goes Public
Credit & Capital

DraftKings Goes Public

The online sports betting operator is trading on the Nasdaq after merging with a blank check company.
By Lauren Muskett | April 24, 2020
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DraftKings to Go Public Through Blank Check Deal
M&A

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.”
By Matthew Heller | December 23, 2019
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Fantasy Sports Platforms Terminate Merger
M&A

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.”
By Matthew Heller | July 13, 2017
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DraftKings and FanDuel to Stop Paid Contests in N.Y.
Risk & Compliance

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.
By Katie Kuehner-Hebert | March 22, 2016
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New York Cracks Down on Fantasy Sports Sites
Technology

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."
By Matthew Heller | November 11, 2015
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Accounting and Finance Roundup for Executives
Corporate Finance

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.
By Kerry Maruna | October 16, 2015
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Fantasy Sports Services Under Investigation
Risk Management

Fantasy Sports Services Under Investigation

The N.Y. Attorney General and the U.S. Attorney's Office in Boston are both reportedly investigating DraftKings and FanDuel.
By Katie Kuehner-Hebert | October 15, 2015
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