DraftKings Inc

The entrance from the elevators, designed to resemble a tunnel entering a stadium, is pictured at the new DraftKings office in Boston.David L. Ryan | The Boston Globe via Getty ImagesDraftKings is eliminating 140 jobs, or about 3.5% of its workforce, as part of a reorganization.The stock rose about 3% on Thursday.The sports betting giant said it is increasingly focused on making its operations more efficient."We are constantly evaluating our teams to ensure they are best positioned to meet our company goals in 2023 and…

Zoom In IconArrows pointing outwardsMolson Coors and Draft KingsMolson Coors is teaming up with online sports betting company DraftKings in a marketing campaign that allows viewers to place wagers on the beer company's upcoming Super Bowl commercial, the companies said Monday.The partnership marks Molson Coors' return to the Super Bowl after a hiatus of 33 years, according to the company. Molson Coors, which makes Coors Light and Miller Lite, said it has been unable to advertise during the game since 1989 due to an…

New York, NY. - December 7th. Portrait for a profile on Fanatics founder & CEO Michael Rubin at his office in downtown NYC.The Washington Post | Getty ImagesFanatics is in discussions to acquire the BetParx sportsbook, as the sports merchandising company looks to take a bigger position in sports betting, according to people familiar with the matter.A deal hasn't been reached, although Fanatics signed a letter of intent to buy the sportsbook, said the people, who weren't authorized to speak publicly on the matter. A…

It's official. The NFL's Sunday Ticket is coming to Google-owned YouTube. The agreement is a strong one for both the league and Alphabet (GOOGL), the parent company of Google and a Club holding. It's not hard to see why the National Football League would want to distribute games with such an established streaming player like YouTube. The hope is to convert as many YouTube users into Sunday Ticket subscribers as possible, turning casual watchers into avid fans. For Alphabet, the deal adds a loyal viewer base to its vast…

DraftKings Inc: "I feel safer in my DraftKings than I do in a crypto. That said, gambling, not yet, but that stock is very inexpensive."Oxford Lane Capital Corporation: "They own these collateralized loan obligations, which is always the stuff people really worry about going into a recession, so I'm going to have to take a pass on this one."Applied Materials Inc: "I think we have to wait and see what Micron says though, because they are the big daddy when it comes to that kind of semi."M&T Bank Corp: "It's falling…

Drew Brees #9 of the New Orleans SaintsGregory Shamus | Getty Images Sport | Getty ImagesLegendary New Orleans Saints quarterback Drew Brees faked being struck by lightning as part of a promotional stunt for betting company PointsBet.A video clip posted to Twitter on Friday showed Brees filming a commercial for PointsBet in Catatumbo, Venezuela, a location known for its lightning strikes, when a bolt apparently hits him and knocks the production off kilter.It was viewed more than 1 million times as of midday Friday.Brees…

A Biogen facility in Cambridge, Massachusetts.Brian Snyder | ReutersCheck out the companies making the biggest moves midday:Apple — Apple shares fell 3.89% following a report that iPhone production could take a big hit due to unrest at a Foxconn factory in China, amid protests in China against the nation's zero-Covid policy. Analysts have expressed concern about recent manufacturing interruptions ahead of the holiday season too.Taboola — Shares of the advertising company surged 43.48% after Taboola announced Yahoo had…

Omar Marques | LightRocket | Getty ImagesDraftKings said Monday there is no evidence the online betting platform's systems were breached following a report that some users were hacked.An unknown number of users discovered unusual activity associated with their DraftKings account that led to withdrawals from their bank accounts, according to a report by The Action Network and social media posts. Several users described being locked out of their accounts before noticing the drawdowns.related investing newsThis crypto cold…

Pedestrians pass in front of a GAP store in New York.Scott Mlyn | CNBCCheck out the companies making headlines in midday trading.Ross Stores — Ross Stores jumped 10% after a quarterly beat on earnings and revenue. The company was also named by Credit Suisse as its top pick in the off-price retail sector. Analyst Michael Binetti boosted his price target to $123 from $99. On Thursday, Ross Stores reported third-quarter earnings-per-share of $1.00, versus a Refinitiv estimate of 81 cents.related investing newsThe retail…

FanDuel CEO Amy Howe is predicting her company will defend and even widen its share of the online sports betting market in the U.S. FanDuel CEO Amy Howe is predicting her company will defend and even widen its share of the online sports betting market in the U.S. FOLLOW US ON GOOGLE NEWS Read original article here Denial of responsibility! Techno Blender is an automatic aggregator of the all world’s media. In each content, the hyperlink to the primary source is specified. All trademarks belong to their…