Draftkings Inc Stock Price, News & Analysis

DraftKings and the PGA TOUR are expanding their partnership to launch a premium sportsbook at TPC Scottsdale in Arizona, following the passage of HB 2772, which legalizes sports betting in the state. This initiative aims to enhance fan engagement and is expected to create a dynamic ‘19th hole’ experience for visitors. DraftKings will also become the exclusive sports betting partner for the Waste Management Phoenix Open. The collaboration is positioned to deliver significant economic benefits for the local community and make TPC Scottsdale a premier destination for sports betting.

DraftKings Inc. (Nasdaq: DKNG) has appointed Brian Angiolet as its first Chief Media Officer to enhance content creation and media strategy. Angiolet, previously SVP at Verizon, brings extensive experience in digital media and sports partnerships. He will oversee efforts following DraftKings' recent acquisition of Vegas Sports Information Network (VSiN) and other media integration initiatives. CEO Jason Robins emphasized Angiolet's potential to drive engagement through innovative content strategies, marking a significant step in DraftKings' growth in the sports and gaming arena.

DraftKings (Nasdaq: DKNG) will release its first quarter 2021 results on May 7, 2021, prior to 8:30 AM EDT. A conference call to discuss these results will be held at 8:30 AM EDT that same day. Investors can access the earnings press release and related materials on DraftKings' investor relations website. The audio webcast of the call will also be available on the site until June 14, 2021. DraftKings is a leading digital sports entertainment and gaming company, operating in multiple countries and providing a variety of sports betting and gaming technologies.

DraftKings Inc. (Nasdaq: DKNG) has acquired Blue Ribbon Software Ltd., a leader in jackpot and gamification technology based in Tel Aviv. This acquisition enables DraftKings to enhance customer engagement through customizable jackpot promotions and personalized rewards across its platform. BlueRibbon's expertise will help DraftKings further differentiate its offerings in the competitive sports betting and iGaming markets. The integration will also see BlueRibbon's team fully merged into DraftKings, with plans for hiring in Tel Aviv.

DraftKings (Nasdaq: DKNG) has announced that CFO Jason Park will speak at the Michigan Ross Sports Tech Conference on March 31, 2021, at 12:45 PM EDT. This participation highlights DraftKings' commitment to engaging with industry leaders and furthering its presence in the sports tech sector. The conference will provide live video and audio access, details of which can be found on the event's website.

DraftKings has acquired the Vegas Sports Information Network (VSiN), enhancing its content capabilities in the rapidly expanding sports betting market. This strategic acquisition allows DraftKings to leverage VSiN's established audience and credible content creation, which includes over 18 hours of live sports betting broadcasts daily. CEO Jason Robins emphasized the importance of VSiN’s brand equity and infrastructure. VSiN will maintain operational independence while integrating its staff into DraftKings' workforce. This move is expected to position DraftKings better amidst the growing legalization of sports betting across the U.S.

DraftKings (Nasdaq: DKNG) has been announced as the Official Gaming Partner of WWE (NYSE: WWE), pending regulatory approval. This partnership will feature DraftKings' free-to-play pools product, debuting at WrestleMania on April 10 and 11, enhancing audience engagement with WWE's events. The collaboration provides DraftKings an exclusive license for media assets and in-game branding for WWE's pay-per-view events, allowing fans to participate in integrated contests. This agreement marks a significant milestone in WWE’s efforts to deepen fan engagement and offers DraftKings leverage with WWE's extensive audience.

DraftKings (Nasdaq: DKNG) announced that CEO Jason Robins will speak at the Duke Sports Business Conference on March 25, 2021, at 6:00 PM EDT. The conference aims to explore various aspects of sports business. Attendees can register and access live video and audio through the conference's website. DraftKings is a leading digital sports entertainment and gaming company, offering services across daily fantasy, regulated gaming, and digital media.

DraftKings announced a private offering of $1.1 billion in 0% Convertible Senior Notes due 2028, increasing from a previous $1 billion offering. The sale is expected to close on March 18, 2021. The initial conversion rate is approximately 10.5430 shares per $1,000, representing a 40% premium over the last sale price of $67.75. Net proceeds are estimated at $1,084 million, with funds allocated for working capital, mergers, acquisitions, and capped call transactions. The Notes are not redeemable until March 15, 2025, and will not accrue regular interest.