Draftkings Inc Stock Price, News & Analysis

DraftKings released its inaugural Environmental, Social and Governance (ESG) Report, underscoring its dedication to corporate responsibility in 2020. CEO Jason Robins emphasized the company's focus on cybersecurity, sustainability, and responsible gaming. A newly formed sustainability working group identified key ESG areas, including Responsible Gaming, Community Engagement, Cybersecurity, and Energy Management. DraftKings will continue to track and report on its ESG initiatives, marking this report as a significant first step in its commitment to sustainable practices.

DraftKings has appointed Jennifer Aguiar as its new Chief Compliance Officer, effective February 2021. Having previously served as Vice President of Compliance and Risk, Aguiar played a crucial role in navigating the company through the licensing processes for daily fantasy sports and sports betting. She will oversee compliance and enterprise risk management, ensuring adherence to U.S. and international regulations. Tim Dent transitions to Senior Vice President of Regulatory Operations. DraftKings aims to strengthen its compliance framework to support growth in the gaming sector.

DraftKings Inc. (DKNG) has expanded its agreement with the NFL to include Canada, enhancing offerings for daily fantasy sports (DFS) fans as the Super Bowl approaches. This partnership, originally established in September 2019, allows DraftKings to leverage NFL branding in Canada. The collaboration aims to provide innovative gaming experiences to Canadian sports fans, reflecting the growing popularity of DFS in the region. This strategic move is expected to deepen customer relationships and improve fan engagement with NFL content.

BOSTON, Jan. 29, 2021 (GLOBE NEWSWIRE) -- DraftKings announced that Matt Kalish, co-founder and President of North America, will participate in the “Leaders and Legends” panel discussion hosted by EGR Global and Continent8 on February 2, 2021, at 9:00 AM ET. The event is open for registration on the Continent8 website and DraftKings' investor relations page. DraftKings is a leading digital sports entertainment and gaming company, operational in 17 countries, and offers various betting and gaming technologies.

DraftKings Inc. (Nasdaq: DKNG) has been named the exclusive Official Daily Fantasy Sports Partner of the Charlotte Hornets, enhancing its visibility in North Carolina. The multi-year deal includes access to Hornets trademarks, LED signage at Spectrum Center, and joint social promotions. A free-to-play Hornets-themed predictive game will also be developed within the team's mobile app. This partnership aims to provide engaging experiences for fans, marking a significant collaboration between the two brands.

DraftKings announced the release of its fourth quarter and year-end 2020 results on February 26, 2021, at 8:30 AM EDT. A conference call will follow to discuss these results. The earnings press release and other materials will be accessible via DraftKings' investor relations website, where an audio webcast and Q&A session will also take place. DraftKings operates as a digital sports entertainment and gaming company, offering products like daily fantasy sports and sports betting across multiple jurisdictions in the United States and internationally.

DraftKings Inc. has launched its sportsbook in Virginia, marking its 12th state launch. The launch arrives just before Super Bowl LV, with promotions including a Double Your Money betting opportunity. Virginia customers can bet on over 250 leagues, including NFL and NBA, with security measures in place for responsible gaming. A consumer study indicates strong preference for NFL betting in Virginia. DraftKings is the only U.S.-based vertically integrated sports betting operator, serving markets across numerous states.

DraftKings is set to launch its mobile Sportsbook and Casino app in Michigan on January 22, 2021, marking a key expansion in the state. This launch follows a successful year that saw DraftKings enter new markets, reaching a total of 11 states. The partnership with Bay Mills Resort and Casino will enhance access to sports betting and iGaming options such as blackjack and slots. Promotions will accompany the launch, including double your money opportunities on sports bets. DraftKings remains a leader in the digital gaming space, continuing to innovate and expand its offerings.

DraftKings partners with Bleacher Report for an exclusive Super Bowl prop betting reveal show on January 25, 2021. The show, titled B/R Drop Zone: DraftKings Big Game Prop Reveal, will feature expert insights, celebrity guests, and the unveiling of 40 prop bets across five categories. Hosted by Cabbie Richards and Greg Ivory, the event highlights DraftKings’ innovative betting offerings, aiming to engage an audience of millions. More than 200 prop bets will be available, along with a free-to-play $55 Million Super Bowl Prediction Challenge, enhancing DraftKings' market position.