DraftKings Reports First Quarter Revenue Growth of 53% to $1,175 million; Raises 2024 Revenue Guidance Midpoint to $4.9 Billion and 2024 Adjusted EBITDA Guidance Midpoint to $500 Million
Retrieved on:
Thursday, May 2, 2024
Key Points:
DRAFTKINGS
Associated tags: Online, Sport, Golden Nugget Online, NHL, MLB, DraftKings, NBA, PGA, UFC, NFL, NASCAR, DKNG, Cryptocurrency, Non-fungible token
Locations: NORTH AMERICA, LOUISVILLE, KY, KENTUCKY, BOSTON, MA, US, OHIO, NEW JERSEY, WEST VIRGINIA, MICHIGAN, LOUISIANA, COLORADO, CONNECTICUT, NEW YORK, MISSISSIPPI, INDIANA, VIRGINIA, PENNSYLVANIA, ILLINOIS, WYOMING, ARIZONA, IOWA, TENNESSEE, OREGON, CANADA, ONTARIO, UNITED KINGDOM
Lori Kalani to Join DraftKings as First Chief Responsible Gaming Officer
Retrieved on:
Monday, April 22, 2024
BOSTON, April 22, 2024 (GLOBE NEWSWIRE) -- DraftKings (Nasdaq: DKNG) announced today the appointment of Lori Kalani as Chief Responsible Gaming Officer reporting into DraftKings’ chief executive officer, Jason Robins.
Key Points:
- BOSTON, April 22, 2024 (GLOBE NEWSWIRE) -- DraftKings (Nasdaq: DKNG) announced today the appointment of Lori Kalani as Chief Responsible Gaming Officer reporting into DraftKings’ chief executive officer, Jason Robins.
- Kalani becomes DraftKings’ first Chief Responsible Gaming Officer committed to the continued elevation and integration of the company’s player safety and protection activities and initiatives across all facets of its platforms and player communities.
- “I have long admired DraftKings’ impact as an entertainment and engagement platform that brings a community of gaming enthusiasts together,” said Lori Kalani.
- “Joining DraftKings represents an exciting opportunity for me to bolster the efforts of the company and look for opportunities to reinforce our responsible gaming initiatives.
DraftKings to Release First Quarter 2024 Results on May 2, 2024 and Host Conference Call on May 3, 2024
Retrieved on:
Monday, April 15, 2024
BOSTON, April 15, 2024 (GLOBE NEWSWIRE) -- DraftKings Inc. (Nasdaq: DKNG) (the “Company” or “DraftKings”) today announced that it will release its first quarter 2024 results after the close of market trading on Thursday, May 2, 2024.
Key Points:
- BOSTON, April 15, 2024 (GLOBE NEWSWIRE) -- DraftKings Inc. (Nasdaq: DKNG) (the “Company” or “DraftKings”) today announced that it will release its first quarter 2024 results after the close of market trading on Thursday, May 2, 2024.
- DraftKings will host a conference call and audio webcast the following morning, Friday, May 3, 2024, at 8:30 a.m.
- To listen to the audio webcast and live Q&A, please visit DraftKings’ investor relations website at investors.draftkings.com .
- The audio webcast will be available on the Company’s investor relations website until 11:59 p.m.
SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of DraftKings Inc. - DKNG
Retrieved on:
Monday, April 8, 2024
NEW YORK, April 08, 2024 (GLOBE NEWSWIRE) -- Pomerantz LLP is investigating claims on behalf of investors of DraftKings Inc. (“DraftKings” or the “Company”) (NASDAQ: DKNG).
Key Points:
- NEW YORK, April 08, 2024 (GLOBE NEWSWIRE) -- Pomerantz LLP is investigating claims on behalf of investors of DraftKings Inc. (“DraftKings” or the “Company”) (NASDAQ: DKNG).
- The investigation concerns whether DraftKings and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.
- On March 27, 2024, Senator Richard Blumenthal sent a letter to DraftKings asking the company to stop targeting gambling addicts.
- Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, Pomerantz pioneered the field of securities class actions.
DraftKings and Kindbridge Behavioral Health Expand Program That Provides Treatment Resources for Individuals Experiencing Potential Indications of Problem Gaming
Retrieved on:
Thursday, March 21, 2024
DraftKings and Kindbridge, a pioneering mental health service provider dedicated to supporting individuals facing challenges related to problem gaming, originally joined forces in September 2023 to launch a pilot program to deliver personalized support for sports bettors in Colorado.
Key Points:
- DraftKings and Kindbridge, a pioneering mental health service provider dedicated to supporting individuals facing challenges related to problem gaming, originally joined forces in September 2023 to launch a pilot program to deliver personalized support for sports bettors in Colorado.
- “We appreciate the opportunity to deepen our collaboration with Kindbridge Behavioral Health and strengthen our commitment to providing important resources to those experiencing potential indications of problem gaming,” said DraftKings Chief Compliance Officer Jennifer Aguiar.
- This effort underlines our commitment to combat problem gaming with personalized, accessible support,” stated Daniel Umfleet, CEO of Kindbridge.
- DraftKings and Kindbridge will continue to assess and enhance the program to align with evolving industry standards and best practices.
DraftKings Announces Leadership Changes to Increase Focus on Operational Efficiencies
Retrieved on:
Monday, March 18, 2024
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.
DraftKings Launches “My Stat Sheet” – A New Tool to Promote Responsible Gaming
Retrieved on:
Thursday, March 14, 2024
This new feature is now available across all DraftKings and Golden Nugget products.
Key Points:
- This new feature is now available across all DraftKings and Golden Nugget products.
- “As sports betting technology continues to evolve, DraftKings remains committed to continuously enhancing our robust responsible gaming program,” said Jennifer Aguiar, DraftKings Chief Compliance Officer.
- “Responsible gaming has always been a core priority at DraftKings,” said Paul Liberman, DraftKings President of Global Product and Technology.
- To learn more about My Stat Sheet and DraftKings’ responsible gaming initiatives, please visit dksaferplay.com.
DraftKings Inc. (DKNG) Investigation: Bronstein, Gewirtz & Grossman, LLC Encourages Investors to Seek Compensation for Alleged Wrongdoings
Retrieved on:
Thursday, April 4, 2024
Attorney Advertising--Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of DraftKings Inc. (“DraftKings” or “the Company”) (NASDAQ: DKNG).
Key Points:
- Attorney Advertising--Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of DraftKings Inc. (“DraftKings” or “the Company”) (NASDAQ: DKNG).
- Investors who purchased DraftKings securities are encouraged to obtain additional information and assist the investigation by visiting the firm’s site: bgandg.com/DKNG .
- On March 27, 2024, Senator Richard Blumenthal sent a letter to DraftKings asking the company to stop targeting gambling addicts.
- Bronstein, Gewirtz & Grossman, LLC is a nationally recognized firm that represents investors in securities fraud class actions and shareholder derivative suits.
DraftKings Inc. (DKNG) Investigation: Bronstein, Gewirtz & Grossman, LLC Encourages Investors to Seek Compensation for Alleged Wrongdoings
Retrieved on:
Thursday, March 28, 2024
Attorney Advertising--Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of DraftKings Inc. (“DraftKings” or “the Company”) (NASDAQ: DKNG).
Key Points:
- Attorney Advertising--Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of DraftKings Inc. (“DraftKings” or “the Company”) (NASDAQ: DKNG).
- Investors who purchased DraftKings securities are encouraged to obtain additional information and assist the investigation by visiting the firm’s site: bgandg.com/DKNG .
- On March 27, 2024, Senator Richard Blumenthal sent a letter to DraftKings asking the company to stop targeting gambling addicts.
- Bronstein, Gewirtz & Grossman, LLC is a nationally recognized firm that represents investors in securities fraud class actions and shareholder derivative suits.
DraftKings Set to Launch Mobile Sports Betting in North Carolina on March 11
Retrieved on:
Thursday, March 7, 2024
BOSTON, March 07, 2024 (GLOBE NEWSWIRE) -- Today, DraftKings Inc. (Nasdaq: DKNG) announced plans to launch its top-rated online sportsbook in North Carolina on March 11, 2024.
Key Points:
- BOSTON, March 07, 2024 (GLOBE NEWSWIRE) -- Today, DraftKings Inc. (Nasdaq: DKNG) announced plans to launch its top-rated online sportsbook in North Carolina on March 11, 2024.
- This announcement is the culmination of DraftKings’ continued work with stakeholders and regulators across North Carolina to offer fans a responsible form of sports betting.
- Once live in North Carolina, DraftKings Sportsbook will be available in 27 U.S. states, in addition to Ontario, Canada.
- Eligible customers in North Carolina can access the latest betting markets and more by downloading the DraftKings Sportsbook app available via iOS and Android here .