Draftkings Inc Stock Price, News & Analysis

DraftKings and Peermont Hotels, Gaming and Resorts announced the launch of PalaceBet, a mobile and online sportsbook in South Africa. Powered by DraftKings’ B2B sports betting technology, PalaceBet offers extensive sports markets, live betting, competitive pricing, and localized payment options. Peermont aims to leverage its casino expertise to enhance the online betting experience. This partnership positions DraftKings as a leader in the South African sports betting sector, aiming for international competitiveness and a diverse product offering.

DraftKings Inc. (Nasdaq: DKNG) will release its Q3 2020 results on November 13, 2020, prior to 8:30 AM EST. A conference call will be held at that time to discuss the results. The earnings press release and related materials will be accessible on the investors’ website. The audio webcast will remain available until December 13, 2020.

DraftKings (Nasdaq: DKNG) has signed a multi-year agreement with Turner Sports, becoming the exclusive sportsbook and daily fantasy sports provider for select Turner properties, excluding NBA programming. The partnership will feature DraftKings’ betting information and daily fantasy content across Turner Sports telecasts and Bleacher Report channels. Key features include custom segments, betting odds, and personalized alerts, enhancing engagement with sports fans. This collaboration aims to increase visibility and customer acquisition for DraftKings, leveraging Turner Sports' extensive audience reach.

DraftKings announced the pricing of its public offering of 32 million shares of Class A common stock at $52.00 per share, totaling $1.664 billion. The offering consists of 16 million shares sold by DraftKings and 16 million by certain selling stockholders. DraftKings will not receive proceeds from the latter. Additionally, underwriters have a 30-day option to purchase up to 4.8 million additional shares. The funds are intended for general corporate purposes. Credit Suisse and Goldman Sachs act as lead underwriters for this offering.

DraftKings announced a public offering of 32 million shares of its Class A common stock, split equally between the company and certain selling stockholders. Additionally, underwriters may purchase up to 4.8 million additional shares within 30 days. DraftKings will not receive proceeds from the selling stockholders' shares. Proceeds from DraftKings' shares will support general corporate purposes. The offering's completion is subject to market conditions. Credit Suisse Securities and Goldman Sachs are the joint book-running managers for this offering.

DraftKings Inc. (Nasdaq: DKNG) has partnered with the Philadelphia Eagles as their Official Daily Fantasy Sports Partner and Official Sports Betting Partner. This multi-year agreement includes exclusive naming rights to the DraftKings Field Club at Lincoln Financial Field, offering premium fan experiences. DraftKings' branding will be featured across various Eagles media and events, enhancing visibility. Additionally, DraftKings will launch the Eagles Stat Showdown, a free-to-play game with weekly prizes for fans. This partnership aims to elevate the in-game experience for Eagles fans.

DraftKings has announced a partnership with the Colorado Rockies, becoming their Official Daily Fantasy Operator and first Official Sports Betting Operator. The agreement includes branding rights and a digital content collaboration. Additionally, DraftKings will open a retail sportsbook at Mardi Gras Casino in Black Hawk, Colorado, on September 25, 2020, featuring over 40 TVs, self-service kiosks, and a full-service bar. These developments mark a significant expansion of DraftKings' presence in Colorado, enhancing engagement with local customers.

DraftKings (Nasdaq: DKNG) announced the appointment of Jocelyn Moore and Valerie Mosley as new board directors, effective September 23, 2020. This expansion adds two seats, increasing the board to 15 members. Moore, with extensive experience in communications from her tenure at the NFL, and Mosley, a former executive at Wellington Management, are expected to bring innovative perspectives to the board. Their appointments align with DraftKings' commitment to growth and social responsibility, further supported by Michael Jordan serving as a Special Advisor.

DraftKings has partnered with the New York Giants in a multi-year agreement, becoming the team's official sports betting, iGaming, and daily fantasy operator. This collaboration allows DraftKings to utilize official Giants branding and create a virtual SportsLounge for unique fan interactions. The Giants, currently the top 40 most bet franchises on DraftKings, will also feature a Free-to-Play Pick 'Em game. The partnership completes their commitment to enhancing customer experiences and will leverage Giants' media platforms for advertising.