DKNGZ News and Press, DraftKings Inc. Warrant From 09/08/21

58% of Kambi's revenue comes from the US. In less than 2 years, however, it has lost its 2 largest US customers. We estimate that Kambi will lose 45% of its revenue in the next 12 months. We also project the timeline for the loss of the Penn contract: 2024. For further d...

The number of SPACs has soared in 2020 and 2021 as investor demand soared, and deal volumes surged much higher. Average deal size is rising, and some companies have completed or agreed to mergers at valuations above $10 billion. SPACs provide some key advantages to companies compa...

Two rumored deals materialize at very large premiums. In a battle of railroads, Canadian Pacific comes back but gets rejected by Kansas City Southern. SPACs fire up with 17 new IPOs filed just last week. For further details see: Merger Arbitrage Mondays - BAMR Acquires A...

Golden Nugget Online agrees to be acquired by DraftKings for a 50% premium. The deal doesn't appear to accurately value Golden Nugget Online offering strong market access to the iGaming market. The all-stock deal only values Golden Nugget Online at 7.6x '22 revenues, or a fraction...

The following slide deck was published by DraftKings Inc. in conjunction with their 2021 Q2 earnings call. For further details see: DraftKings Inc. 2021 Q2 - Results - Earnings Call Presentation

DraftKings Inc. (DKNG) Q2 2021 Earnings Conference Call August 06, 2021 8:30 AM ET Company Participants Stanton Dodge – Chief Legal Officer Jason Robins – Co-Founder, Chief Executive Officer, and Chairman Jason Park – Chief Financial Officer Conference Call Participants S...

Positive signs abound for Disney as the country reopens, pent-up demand takes hold, and consumer spending soars. While Disney stock is flying high and has room to run over the long term, ESPN may become a drag on future earnings as it was in the recent past. Sports and sports...

Surveying Vanguard's lineup of ETFs, we see that value ETFs no longer provide a way to buy what most value investors would consider to be value stocks. A survey of Vanguard's growth ETFs suggests that large-cap growth ETFs contain healthier, better-managed companies though mid-cap and...

Insider buying increased significantly last week. Farhad Nanji continues to buy PennyMac for MFN Partners. Edward “Joe” Shoen and Mark Shoen purchase shares of U-Haul’s parent company AMERCO. For further details see: Insider Weekends: The Shoen Broth...

DraftKings is one of the leading sports betting apps in the U.S. With still a fraction of its total addressable market unlocked (as measured by states that have legalized sports betting heretofore), there's a long runway ahead for DraftKings. That being said, we have reservations ...