Latest in DraftKings

A sports betting partnership between Dish Network and DraftKings has hammered the stock of upstart streaming bundle provider FuboTV. Shares in Fubo, which have been on a wild ride in recent months but have risen more than 300% over the past year, were down 19% as the trading day reached the home stretch. The company…

Despite shakiness in the overall sports economy, with declining TV ratings and event revenue due to Covid-19, DraftKings is wagering on the continued health of the sports betting business. The online gaming firm reported fourth-quarter results ahead of Wall Street forecasts, with revenue of $322 million and a loss of…

New York Governor Andrew Cuomo announced legislation to authorize mobile sports wagering — sending shares of at least two companies higher Wednesday. Sports betting company DraftKings was up nearly 4% at $49.28. Gan, a supplier of Internet gaming software, surged 12% $22.27. Under Cuomo’s proposal, the New York…

Shares in DraftKings gained in early trading after the major sports betting outfit raised its 2020 revenue guidance and reported third-quarter earnings that exceeded Wall Street analysts’ expectations. The stock is below its late-September peak of $64.19, but climbed 7% to pass $44 amid optimism that the return of…

DraftKings shares sank nearly 7% after the sports betting firm offered weak guidance for the third quarter and indicated pressure on revenue from favorites dominating underdogs in NFL games. The guidance and disclosures came in an SEC filing in which the company announced that it was selling 16 million shares of Class…

Michael Jordan, the NBA immortal who is chairman of the Charlotte Hornets, has taken an equity stake in sports betting firm DraftKings and become a special advisor to the company’s board of directors. In a press release, the company said Jordan will be “providing guidance and strategic advice to the board of directors…

Shares in DraftKings fell 6% Friday after it disclosed mixed second-quarter results and the IRS said it plans to impose an excise tax on daily fantasy betting. The firm reported a loss of 55 cents a share for the quarter ending June 30, which was wider than the loss of 15 cents in the year-ago quarter and also bigger…

The DraftKings All-American Team Cup in Atlanta, GA. had a player test positive for COVID-19 after playing in the match. About 450 fans attended the exhibition, which was carried on The Tennis Channel. On Friday, team captain Frances Tiafoe tested positive for COVID-19. A statement from the event was released Saturday…

DraftKings reported a 30% upswing in first-quarter revenue from its core sports betting operations as wider legalization offset the impact of COVID-19. Revenue hit $88.5 million as net losses widened to $68.7 million from $29.6 million in the year-ago quarter. The company is newly consolidated, so the numbers stem…

While COVID-19 has turned the lights out on college and pro sports for the time being, sports betting firm DraftKings went public Friday after closing a $3.3 billion, three-way merger with Hollywood ties. The company’s shares rose more than 12% in early trading after opening at $17.53 on the Nasdaq under the ticker…

Jeff Sagansky and former MGM boss Harry Sloan are launching Flying Eagle Acquisition Corp, the pair’s sixth special-purpose acquisition company. The new entity’s IPO, launching Friday, has been priced at $10 per unit for 60,000,000 units, which each consisting of one share of Class A common stock and one-fourth of one…

Sports betting giant DraftKings will go public as part of a $3.3 billion, three-way merger with SBTech and Diamond Eagle Acquisition Corp., a firm founded by Hollywood veterans Harry Sloan and Jeff Sagansky. With legal restrictions around sports wagering beginning to ease across the country, DraftKings has been a…