DraftKings Inc

Fanatics logo is seen on the dugout wall before the game between the Pittsburgh Pirates and the Milwaukee Brewers at PNC Park on July 3, 2022 in Pittsburgh, Pennsylvania. (Photo by Justin Berl/Getty Images)Justin Berl | Getty ImagesFanatics has agreed to acquire the U.S. operations of PointsBet, marking the sports giant's first major leap into U.S. sports betting.The deal is worth about $150 million and will be announced as soon as Sunday night, according to people familiar with the matter who asked not to be named.…

Becky Lynch celebrates defeating Bianca Belair at SummerSlam 2021.World Wrestling EntertainmentIt's clear why World Wrestling Entertainment would want headlines over the prospect of bettors being allowed to wager legally on scripted matches, and not all of it has to do with trying to drive up the potential sale price of the company.Betting increases fan engagement. Just ask NFL, MLB, the NCAA – even the folks who organize ping pong. They all find a big upside when fans are able to bet on the games.Massachusetts just…

Vince McMahon attends a press conference to announce that WWE Wrestlemania 29 will be held at MetLife Stadium in 2013 at MetLife Stadium on February 16, 2012 in East Rutherford, New Jersey.Michael N. Todaro | Getty ImagesWWE is in talks with state gambling regulators in Colorado and Michigan to legalize betting on high-profile matches, according to people familiar with the matter.WWE is working with the accounting firm EY to secure scripted match results in hopes it will convince regulators there's no chance of results…

In this photo illustration, the American daily fantasy sports contest and sports betting company DraftKings logo is displayed on a smartphone screen.Budrul Chukrut | Lightrocket | Getty ImagesShares DraftKings surged Friday morning after the sports-betting company reported stronger-than-expected revenue and raised its outlook for 2023.The stock closed 15% higher at $20.54, giving it a market value of $8.39 billion.related investing newsThe bump came on the heels of DraftKings being the most downloaded sportsbook app in…

Pavlo Gonchar | LightRocket | Getty ImagesCheck out the companies making headlines before the bell:DraftKings — DraftKings shares surged more than 8% after the sports betting company posted fourth-quarter results that beat expectations. The company reported a loss of 53 cents per share on revenue of $855 million. Analysts polled by Refinitiv had anticipated a loss of 59 cents per share on revenue of $800 million.DoorDash — The online food delivery company gained more than 5% after posting fourth-quarter revenue of $1.82…

Rafael Henrique | LightRocket | Getty ImagesCheck out the companies making headlines in midday trading.DoorDash — The online food delivery platform's shares jumped 7% after it reported a revenue beat and upbeat guidance. The company's fourth-quarter revenue came in at $1.82 billion, topping the $1.77 billion estimated by analysts polled by Refinitiv. Reported losses, however, were greater than analysts' projections, coming in at a per-share loss of $1.65 versus analysts' estimates of 68 cents.related investing newsTexas…

It was a record-breaking Super Bowl for sportsbooks as gamblers ponied up across the United States.Super Bowl 57 was the first one to be played in a state where sports gambling is legal, and early data shows there was a lot of enthusiasm for betting on the big game.GeoComply, a company that verifies the locations where gamblers are betting, saw 100 million sports-betting transactions this Super Bowl weekend, an increase of 25% over last year. In and around State Farm Stadium in Glendale, Arizona, more than 100,000…

In this photo illustration the FanDuel logo of a sports betting company is seen on a smartphone.Pavlo Gonchar| Lightrocket | Getty ImagesFanDuel parent Flutter Entertainment said Tuesday it is considering listing on a U.S. stock exchange.The company said its board is consulting with shareholders to gauge their interest.related investing newsThe development comes two days after a record Super Bowl for betting. FanDuel said it accepted 50,000 bets per second at its peak, averaging 2 million active users on its platform…

In this photo illustration, the Penn Entertainment logo is displayed on a smartphone mobile screen.Rafael Henrique | SOPA Images | Lightrocket | Getty ImagesPenn Entertainment on Thursday became the first U.S. gambling company to post a profit in its sports betting business during the final three months of a year.Usually, it's tougher to turn a sportsbook profit during the third and fourth quarters because companies spend more on marketing and promotions during football season.Penn's interactive business, which also…

GameStop Corp: "I like great American stories. I don't like that whole group."Netflix Inc: "You got the pain, you get the gain. Stick with it."DraftKings Inc: "Stock could come around, but it's got to be 50 states before we get there."Medtronic PLC: "Medtronic right now is not being run well. ... I want you to stay away from that."Jim Cramer's Guide to InvestingClick here to download Jim Cramer's Guide to Investing at no cost to help you build long-term wealth and invest smarter. GameStop Corp: "I like great American…