DraftKings

Fanatics founder and CEO Michael Rubin at his office in New York.The Washington Post | Getty ImagesSports merchandise giant Fanatics is firing back against sportsbook giant DraftKings in an ongoing legal fight over Fanatics' hiring of a top DraftKings executive.In a legal brief filed late Thursday in U.S. District Court in Massachusetts, Fanatics accuses DraftKings of distorting reality and character assassination of its former senior vice president of business development, Michael Hermalyn.In February, Hermalyn accepted…

Park joined as CFO in 2019, and oversaw its transition to the public markets, DraftKings said. Prior to joining DraftKings, Park worked at Bain Capital Private Equity. Park joined as CFO in 2019, and oversaw its transition to the public markets, DraftKings said. Prior to joining DraftKings, Park worked at Bain Capital Private Equity. 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…

DraftKings said it expected the deal to drive $260 million to $340 million in incremental revenue in fiscal 2026, and $350 million to $450 million in revenue in fiscal 2028. DraftKings said it expected the deal to drive $260 million to $340 million in incremental revenue in fiscal 2026, and $350 million to $450 million in revenue in fiscal 2028. 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…

In this photo illustration the DraftKings logo seen displayed on a smartphone.Rafael Henrique | Sopa Images | Lightrocket | Getty ImagesDraftKings on Thursday posted quarterly results that missed Wall Street estimates on the top and bottom line, but it increased its revenue by 44%.Here's what DraftKings reported compared with what Wall Street was expecting, according to analyst estimates compiled by LSEG, formerly known as Refinitiv:Loss per share: 10 cents vs. expected profit of 8 centsRevenue: $1.23 billion vs. $1.24…

FanDuel-parent Flutter lists on the New York Stock Exchange Monday, offering U.S. investors an alternative to the biggest pure play in sports betting, DraftKings.It's a secondary listing for the international sportsbook, which will retain its primary listing on the London Stock Exchange and included in the FTSE 100 index.But Flutter's most important market for revenue and growth is the United States, where FanDuel is the market share leader. In the fourth quarter, FanDuel had 43% market share based on gross revenue and…

The Super Bowl is the, uh, Super Bowl of many things—from avocado consumption to house parties. Among the second Sunday in February’s claims to fame, it’s also the Super Bowl of sports betting. According to a 2023 American Gaming Association survey, approximately 50.4 million American adults were expected to bet on last year’s Super Bowl 57, wagering an estimated $16 billion. That’s a huge boost from 2022, when it was 31.4 million Americans betting $7.6 billion.As we head toward Super Bowl 58, Tums, the venerable…

PrizePicks says it offers fantasy-sports games, not gambling. Rivals argue the company is sidestepping regulations to gain more users. PrizePicks says it offers fantasy-sports games, not gambling. Rivals argue the company is sidestepping regulations to gain more users. 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…

DraftKings is offering to buy PointsBet Holdings’ U.S. business for $195 million, setting up a battle with sports-merchandise company Fanatics for the online sports-betting assets. DraftKings is offering to buy PointsBet Holdings’ U.S. business for $195 million, setting up a battle with sports-merchandise company Fanatics for the online sports-betting assets. 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…

Omar Marques | LightRocket | Getty ImagesSports gambling powerhouse DraftKings has made a $195 million, all-cash offer for PointsBet's U.S. assets, it said on Friday, topping an earlier bid by Fanatics.Last month Fanatics agreed to buy the Australian company's U.S. operations for $150 million in an effort to boost its presence in sports gambling."While we continue to focus on operating more efficiently and driving substantial organic revenue growth in the United States, we will also look to prudently capitalize on…

Former users of Parler, the defunct right-wing social media app, got an email from Donald Trump on Tuesday.How To Remove Followers From Twitter“Reports state that I could receive a maximum sentence of 400 YEARS IN PRISON despite being a totally and completely innocent man,” the email reads, referencing the former president’s indictment over allegations that he stole classified documents. “It sounds like something Stalin or Mao did to eliminate their opposition. But instead, it’s happening here in America. Communism has…