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InvestorPlace - Stock Market News, Stock Advice & Trading Tips DraftKings (NASDAQ: DKNG ) announced on Aug. 9 that it will purchase Golden Nugget Online Gaming (NASDAQ: GNOG ) in an all-stock transaction. Upon the closing of the deal, each GNOG shareholder will get 0.365 ...
The acquisition of Golden Nugget will add to the commercial growth of online betting platform DraftKings. Synergies are calculated at $300M and the acquisition will add 10% to the firm’s revenue line. DraftKings is growing revenues rapidly and I believe the firm's sales gro...
This sports betting leader is, as its peers, currently stuck in an overcrowded sector with no clear path to profitability yet. DKNG stock seems dead-ended for now. If the Etain deal happens, it will add clarity to its intent that has many investors scratching their heads. DKNG cou...
Palm Beach, FL – October 14, 2021 – FinancialNewsMedia.com News Commentary – For a long time, the conversation in the gaming world was focused on mobile being the future of the industry. Now, in 2021, the future has officially arrived. Our societ...
NFL sports betting action is just as strong as anticipated with 330M geolocation transactions tracked across 18 states and the District of Columbia for the first four weeks of the season, according to geolocation specialist GeoComply. The geolocation tracking service is used to confirm t...
Investors had a hard time making sizable bets on U.S. equities Tuesday in the wake of Monday's sharp sell-off. However, there was some action in one select sector: online gambling and sports betting. A $20B takeover offer in the sector gave a boost to select gambling stocks. Flutter Entertain...
Gainers: Helbiz (NASDAQ:HLBZ) +156%. QuantumScape (NYSE:QS) +14%. Lucid Group (NASDAQ:LCID) +9%. Warner Music Group (NASDAQ:WMG) +9%. Blue Apron Holdings (NYSE:APRN) +8%. Losers: uCloudlink Group (NASDAQ:UCL) -13%. Vinco Ventures (NASDAQ:BBIG) -9%. Elite Education Group Internationa...
DraftKings is a fascinating business with good potential but a sky-high valuation. Online sports betting is likely to be legal for the majority of Americans within a few years' time, providing the potential for big revenue growth for DraftKings. However, despite the excitement beh...
Gambling stocks are having a rough session even as industry reports show strengthening trends for both sports betting volume and iGaming activity. Decliners amid a broad risk-off stock market day include Esports Technologies (EBET -13.4%), GAN Limited (GAN -6.7%), Esports Entertainment Group ...
DraftKings is a leading player in online sports betting and iGaming. Its most important rival is the leader FanDuel. Despite that, DraftKings has managed to continue growing rapidly. Online sports betting is surely not just a COVID-19 phenomenon. DraftKings has also made important...
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From building a social community to a video content platform, DraftKings (NASDAQ: DKNG) is looking long-term with many projects in the works. In this clip from "IPO & SPAC Show" on Motley Fool Live , recorded on April 11 , Motley Fool contributor Jose Najarro discusses t...