Jason Park

DraftKings Announces Leadership Changes to Increase Focus on Operational Efficiencies

Retrieved on: 
Monday, March 18, 2024
DKNG, DraftKings, Adjustment, Forecasting, Acquisition, Jackpocket, Jason Park, Management

Alan Ellingson, DraftKings’ Senior Vice President, Finance and Analytics, will be elevated to Chief Financial Officer, effective as of May 1, 2024.

Key Points: 
  • Alan Ellingson, DraftKings’ Senior Vice President, Finance and Analytics, will be elevated to Chief Financial Officer, effective as of May 1, 2024.
  • Mr. Ellingson will continue to enhance shareholder value over time by driving the Company towards its financial objectives.
  • During his tenure as Chief Financial Officer, DraftKings’ revenue grew from $323 million in 2019 to $3,665 million in 2023.
  • The Company also produced positive Adjusted EBITDA in the second and fourth quarters of 2023 due in part to Mr. Park’s leadership of operational efficiency programs.

Pacific General Announces a Promotion of New Partners in New York and Seoul

Retrieved on: 
Monday, March 11, 2024
Investment, Pacific Ocean, Culture, Growth, MBA, CFA, Sogang University, University, Business administration, Pacific General, Jason Park, Korea University, Partnership

NEW YORK, March 11, 2024 (GLOBE NEWSWIRE) -- Pacific General, a New York based investment firm specializing in cross-border private equity and asset backed credit strategies, announces the promotion of Dajeong Lee and Jason Park as the firm’s new Partners, effective March 7th, 2024.

Key Points: 
  • NEW YORK, March 11, 2024 (GLOBE NEWSWIRE) -- Pacific General, a New York based investment firm specializing in cross-border private equity and asset backed credit strategies, announces the promotion of Dajeong Lee and Jason Park as the firm’s new Partners, effective March 7th, 2024.
  • She also played a key role in the firm’s recent private equity investments in Playa Bowls, Evo Floors and Milre Systek.
  • Jason Park is also a founding member of Pacific General and has been working with the senior members of the firm since 2017 including its predecessor firm.
  • I look forward to driving the continued success of our firm by delivering superior value to our investors, partners, and portfolio companies.”

DraftKings Announces Jason Park’s Participation in Upcoming Event

Retrieved on: 
Wednesday, September 6, 2023
DKNG, Bank, Jason Park, Conference

BOSTON, Sept. 06, 2023 (GLOBE NEWSWIRE) -- DraftKings Inc. (Nasdaq: DKNG) (“DraftKings” or the “Company”) today announced that Jason Park, the Company’s Chief Financial Officer, will participate in the following event:

Key Points: 
  • BOSTON, Sept. 06, 2023 (GLOBE NEWSWIRE) -- DraftKings Inc. (Nasdaq: DKNG) (“DraftKings” or the “Company”) today announced that Jason Park, the Company’s Chief Financial Officer, will participate in the following event:
    The Bank of America 2023 Gaming and Lodging Conference.
  • The fireside chat is scheduled for 3:20PM ET on September 7, 2023.
  • Registration and the live audio portion of the Bank of America 2023 Gaming and Lodging Conference can be accessed at the conference website or at DraftKings’ Investor Relations website.

DraftKings Announces Jason Park’s Participation in Upcoming Event

Retrieved on: 
Tuesday, August 8, 2023
DKNG, Canaccord Genuity, Jason Park, Conference

BOSTON, Aug. 08, 2023 (GLOBE NEWSWIRE) -- DraftKings Inc. (Nasdaq: DKNG) (“DraftKings” or the “Company”) today announced that Jason Park, the Company’s Chief Financial Officer, will participate in the following event:

Key Points: 
  • BOSTON, Aug. 08, 2023 (GLOBE NEWSWIRE) -- DraftKings Inc. (Nasdaq: DKNG) (“DraftKings” or the “Company”) today announced that Jason Park, the Company’s Chief Financial Officer, will participate in the following event:
    The Canaccord Genuity 43rd Annual Growth Conference.
  • The fireside chat is scheduled for 1:30PM ET on August 9, 2023.
  • Registration and the live audio portion of the Canaccord Genuity 43rd Annual Growth Conference can be accessed at the conference website or at DraftKings’ Investor Relations website.

DraftKings Submits Superior Proposal to Acquire PointsBet’s U.S. Business

Retrieved on: 
Friday, June 16, 2023
DKNG, Rationalization, Non-executive director, Feed additive, Fanaticism, DraftKings, 2022 Uruguayan Law of Urgent Consideration referendum, BofA Securities, 2022 PointsBet Invitational, Superior (proposed U.S. state), Negotiation, USD, Sale, Oliver Cromwell, IGaming Business, Documentation, Acquisition, Jason Park, Transaction, Superior, Sullivan & Cromwell, Adjustment, Letter, Internal, Cryptocurrency, Management, Security (finance), Commercial property, Sales

DraftKings’ proposal represents a 30% premium to PointsBet’s existing agreement to sell its U.S. business and is subject to the conditions described in the letter.

Key Points: 
  • DraftKings’ proposal represents a 30% premium to PointsBet’s existing agreement to sell its U.S. business and is subject to the conditions described in the letter.
  • Purchase Price and Consideration: We are offering to acquire the US Business for USD $195 million in cash, on a debt-free and cash-free basis.
  • Our Indicative Offer represents a 30% premium to Fanatics’ proposal of USD $150 million under the Existing Agreement.
  • DraftKings is uniquely positioned to submit this Superior Proposal due to the substantial synergies that we expect to be able to capture by combining your US Business with our scaled position in the United States.

DraftKings Announces Jason Robins’ and Jason Park’s Participation in Upcoming Events

Retrieved on: 
Monday, May 15, 2023
DKNG, Press, Jason Park, SVB, Conference, Video game

BOSTON, May 15, 2023 (GLOBE NEWSWIRE) -- DraftKings Inc. (Nasdaq: DKNG) (“DraftKings” or the “Company”) today announced that:

Key Points: 
  • BOSTON, May 15, 2023 (GLOBE NEWSWIRE) -- DraftKings Inc. (Nasdaq: DKNG) (“DraftKings” or the “Company”) today announced that:
    Jason Robins, the Company’s Chief Executive Officer and co-founder, will participate in SVB MoffettNathanson's Inaugural Technology, Media, and Telecom Conference.
  • The fireside chat is scheduled for 2:00PM ET on May 16, 2023; and
    Jason Park, the Company’s Chief Financial Officer, will participate in the 18th Annual Needham Technology & Media Conference.
  • The fireside chat is scheduled for 9:30AM ET on May 17, 2023.
  • Registration and the live audio portions of SVB MoffettNathanson's Inaugural Technology, Media, and Telecom Conference and the 18th Annual Needham Technology & Media Conference can be accessed at their respective conference websites or at DraftKings’ Investor Relations website.

DraftKings Announces Jason Park’s Participation in Upcoming Event

Retrieved on: 
Tuesday, September 6, 2022
Online, Susquehanna, DraftKings, Jason Park, Sport, IGaming Business, NHL, UFC, NASCAR, GLOBE, NFT, Nasdaq, Company, NFL, MLB, PGA, Ecosystem, NBA, PGA TOUR, Vegas Stats & Information Network

Headquartered in Boston, and launched in 2012 by Jason Robins, Matt Kalish and Paul Liberman, DraftKings is the only U.S.-based vertically integrated sports betting operator.

Key Points: 
  • Headquartered in Boston, and launched in 2012 by Jason Robins, Matt Kalish and Paul Liberman, DraftKings is the only U.S.-based vertically integrated sports betting operator.
  • DraftKings is a multi-channel provider of sports betting and gaming technologies, powering sports and gaming entertainment for operators in 17 countries.
  • DraftKings daily fantasy sports product is available in 6 countries internationally with 15 distinct sports categories.
  • DraftKings also owns Vegas Sports Information Network (VSiN), a multi-platform broadcast and content company.

DraftKings Announces Jason Park’s Participation in Upcoming Event

Retrieved on: 
Tuesday, August 9, 2022
Online, NBA, PGA, Sport, GLOBE, Ecosystem, MLB, NHL, Company, NFT, Jason Park, DraftKings, IGaming Business, NASCAR, Canaccord Genuity, Nasdaq, PGA TOUR, NFL, Vegas Stats & Information Network, Conference, UFC

Headquartered in Boston, and launched in 2012 by Jason Robins, Matt Kalish and Paul Liberman, DraftKings is the only U.S.-based vertically integrated sports betting operator.

Key Points: 
  • Headquartered in Boston, and launched in 2012 by Jason Robins, Matt Kalish and Paul Liberman, DraftKings is the only U.S.-based vertically integrated sports betting operator.
  • DraftKings is a multi-channel provider of sports betting and gaming technologies, powering sports and gaming entertainment for operators in 17 countries.
  • DraftKings Sportsbook is live with mobile and/or retail betting operations pursuant to regulations in 18 U.S. states and in Ontario, Canada.
  • DraftKings also owns Vegas Sports Information Network (VSiN), a multi-platform broadcast and content company.

DraftKings Announces Jason Park’s Participation in Upcoming Virtual Event

Retrieved on: 
Tuesday, May 17, 2022
Online, NASCAR, MLB, NBA, Sport, Nasdaq, Jason Park, IGaming Business, NHL, PGA TOUR, PGA, Ecosystem, Vegas Stats & Information Network, NFT, UFC, DraftKings, NFL, GLOBE

Headquartered in Boston, and launched in 2012 by Jason Robins, Matt Kalish and Paul Liberman, DraftKings is the only U.S.-based vertically integrated sports betting operator.

Key Points: 
  • Headquartered in Boston, and launched in 2012 by Jason Robins, Matt Kalish and Paul Liberman, DraftKings is the only U.S.-based vertically integrated sports betting operator.
  • DraftKings is a multi-channel provider of sports betting and gaming technologies, powering sports and gaming entertainment for operators in 17 countries.
  • DraftKings Sportsbook is live with mobile and/or retail betting operations in the United States pursuant to regulations in 18 states.
  • DraftKings also owns Vegas Sports Information Network (VSiN), a multi-platform broadcast and content company.

DraftKings Reports First Quarter Revenue of $417 Million; First Quarter B2C Segment Revenue Increases 44% YOY and Company-Wide Adjusted EBITDA Exceeds Midpoint of Guidance by More Than 12%

Retrieved on: 
Friday, May 6, 2022
Online, Prime time, Solution, NFT, DFS, NFL, Arbor Day Foundation, Dan Le Batard, NCAA, Loss, Air pollution, Sport, ESPN, Carbon, Company, EST, Industry, Tree, MUP, Arbor, Acquisition, Research, U.S. Securities and Exchange Commission, DraftKings, Population, Investment, EBITDA, IGaming Business, USFL, Mups, Security (finance), International Center, Homelessness, Responsibility, Efficiency, State Council, Growth, Jason Park, Board, Nasdaq, GLOBE, NBA, Depreciation, GNOG, Organization, Notre Dame Fighting Irish football, Income, Non-fungible token, ID, Golden Nugget Online, Video game, Online gambling, Pharmaceutical industry, Risk management, Animal, Insurance, Adjustment

Revenue for the Companys B2C segment grew to $404 million, an increase of 44% compared to the three months ended March 31, 2021.

Key Points: 
  • Revenue for the Companys B2C segment grew to $404 million, an increase of 44% compared to the three months ended March 31, 2021.
  • DraftKings delivered significant growth across our key revenue and performance metrics, said Jason Robins, DraftKings co-founder, Chief Executive Officer and Chairman of the Board.
  • Therefore, we are increasing the midpoint of our fiscal year 2022 revenue guidance by $50 million and improving the midpoint of our fiscal year 2022 Adjusted EBITDA guidance by $75 million.
  • Average Revenue per MUP (ARPMUP) was $67 in the first quarter of 2022, representing an 11% increase compared to the same period in 2021.