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June 16, 2021
The value of individual shares in American online sportsbook and daily fantasy sports operator DraftKings Incorporated reportedly fell by 4.2% yesterday following news that a key specialist had recommended taking up a short position on its stock.
According to a Tuesday report from American television broadcaster CNBC, the advice from Hindenburg Research LLC came after the investments research enterprise published a report in which it questioned the sportsbetting giant’s promotional spend and future potential. The analyst purportedly also threw doubt on Nasdaq-listed DraftKings Incorporated’s valuation when compared to rivals such as the soon-to-go-public FanDual Group before alleging that the company may have had ties to questionable gambling practices.
May 25, 2021
Almost five months after being licensed in the American state of Michigan and British online casino games developer Gaming Realms has announced that the Pennsylvania Gaming Control Board has awarded it with an interactive gaming manufacturers licence.
The London-headquartered firm behind the Slingo portfolio of mobile-friendly online casino games used an official press release to detail that the new license will allow it to begin offering its innovations to certified iGaming operators in ‘The Keystone State’ such as BetMGM, DraftKings Incorporated and FanDuel Group.
Imminent introduction:
Gaming Realms, which is moreover licensed by the regulator for New Jersey, disclosed that Pennsylvania is the fifth most populous state in the United States courtesy of
April 15, 2021
American online sportsbook and daily fantasy sports operator DraftKings Incorporated has announced the inking of an agreement that is due to see it expand its existing relationship with the PGA Tour.
The Boston-headquartered firm used an official Wednesday press release to detail that the deepened alliance comes after legislators in Arizona passed a measure earlier this week that could soon see the western American state become the latest to legalize online sportsbetting and daily fantasy sports games. The company explained that House Bill 2772 is currently awaiting the signature of Governor Doug Ducey but may become the law of the land in time for the start of this year’s National Football League (NFL) season.
April 6, 2021
American online sportsbook and daily fantasy sports operator DraftKings Incorporated has announced the signing of a deal that is to see it purchase iGaming jackpot and gamification innovator BlueRibbon Software Malta Limited.
The Boston-headquartered firm used an official Monday press release to describe BlueRibbon Software Malta Limited as a developer of ‘platform-agnostic and real-time gamification tools’ that permit online casino and sportsbook operators to offer a diverse range of ‘fully customizable jackpot promotions.’
Encounter enrichment:
DraftKings Incorporated, which currently offers its mobile and retail sportsbetting services to punters in
14 American states including Colorado, Michigan, Pennsylvania and Illinois, stated that the agreement for an undisclosed amount will allow it to ‘