Golden Nugget, owned by Tilman Fertitta, is splitting its online gaming from the main company and taking Golden Nugget Online Gaming (GNOG) public on the Nasdaq exchange. The company is anticipating a valuation of $745 million. This follows the very successful IPO for...
Gamblers aren’t the only ones going all-in on sports betting. Investors are pushing their chips to the middle of the table when it comes to stocks and exchange-traded funds. Roundhill Sports Betting & iGaming’s $BETZ is the latest ETF to see a huge...
DraftKings is booming. As of Monday afternoon, the company’s share price is soaring to above $43 and the company’s market cap is just under $13.5 billion. This might seem strange given the current sports shutdown, but it appears as if investors are still...
DraftKings is reportedly considering a major acquisition that would increase its scope and reach dramatically. On Tuesday, Michael McCarthy of Front Office Sports reported that DraftKings is exploring an acquisition of Bleacher Report, one of the largest and most...
Even without major live sports to bet on, DraftKings revenue continues to grow despite the CoronaVirus pandemic. Despite COVID-19, we generated $89M of Net Revenue in the quarter, which is an increase of 30% vs. Prior Year. #DKNGEarnings pic.twitter.com/Gr62KqfQWn...
