I went to the Bahamas with some friends this past weekend to celebrate an engagement. As is often the case with twenty or so guys on a trip near a casino, gambling occurred. Personally, I am not a big gambler, but I was admittedly tempted to hit the blackjack table. However, it occurred to me that there is a reason that companies such as MGM Resorts (MGM) , Wynn Resorts (WYNN) , and Las Vegas Sands (LVS) have billion-dollar properties and have made investors billions – the house has an edge over the long t ...

Scott Olson Last March, I started coverage of DraftKings (NASDAQ:DKNG), saying the opportunity in front of DKNG was evident, but the stock was speculative until it could show positive EBITDA and free cash flow. More recently, I upgraded the stock to "Buy" in November, saying the company was demonstrating that its outer-year targets are not only achievable but also beatable. With the company reporting results last month and management recently attending an investor conference, let's catch up on the name. Q4 ...

About this content About Emily Jarvie Emily began her career as a political journalist for Australian Community Media in Hobart, Tasmania. After she relocated to Toronto, Canada, she reported on business, legal, and scientific developments in the emerging psychedelics sector before joining Proactive in 2022. She brings a strong journalism background with her work featured in newspapers, magazines, and digital publications across Australia, Europe, and North America, including The Examiner, The Advocate, ...

BOSTON, March 18, 2024 (GLOBE NEWSWIRE) -- DraftKings Inc. (NASDAQ:DKNG) ("DraftKings" or the "Company") today announced that Jason Park, DraftKings' Chief Financial Officer, will become the Company's Chief Transformation Officer, effective as of May 1, 2024. In this newly created role, Mr. Park will lead initiatives to deploy cutting edge technologies to capture additional operating efficiencies as well as oversee the integration of the proposed acquisition of Jackpocket Inc. ("Jackpocket"). Alan Ellingson ...

Justin Sullivan/Getty Images NewsWe're in a very frothy stock market environment right now, but in my view, there's never a bad time to continue leaning in on growth stocks that have a significant runway ahead for fundamental expansion. One company that seems to know no bounds in growth is DraftKings (NASDAQ:DKNG). Widely known as the premier sports betting app in the U.S., DraftKings has over the past several years expanded into a much bigger offering across gaming and entertainment, especially with it ...

DraftKings (DKNG) has introduced a tool called My Stat Sheet. This gaming tool allows players to track and analyze their gaming activities, helping them make data-driven decisions and promote responsible gaming. This new feature is now available on all DraftKings and Golden Nugget platforms.With My Stat Sheet, customers can see various details like the time spent on the gaming platform, deposits and withdrawals, contest involvement, and overall wins or losses. These stats are presented through easy-to-under ...

DraftKings (DKNG) has recently been on Zacks.com's list of the most searched stocks. Therefore, you might want to consider some of the key factors that could influence the stock's performance in the near future.Shares of this company have returned -3.7% over the past month versus the Zacks S&P 500 composite's +4.4% change. The Zacks Gaming industry, to which DraftKings belongs, has lost 0.4% over this period. Now the key question is: Where could the stock be headed in the near term?Although media reports or ...

BOSTON, March 14, 2024 (GLOBE NEWSWIRE) -- DraftKings Inc. (NASDAQ:DKNG) today unveiled My Stat Sheet, a gaming tool that gives players the ability to assess, track and interact with their personal stats through intuitive charts and information that will help empower players to make data-driven decisions on their own play and therefore promote responsible gaming. This new feature is now available across all DraftKings and Golden Nugget products. "As sports betting technology continues to evolve, DraftKings ...

DraftKings (DKNG) closed the latest trading day at $41.74, indicating a -1.97% change from the previous session's end. The stock trailed the S&P 500, which registered a daily loss of 0.65%. Meanwhile, the Dow experienced a drop of 0.18%, and the technology-dominated Nasdaq saw a decrease of 1.16%.Shares of the company witnessed a loss of 0.54% over the previous month, trailing the performance of the Consumer Discretionary sector with its gain of 1.29% and the S&P 500's gain of 3.4%.Market participants will ...

DraftKings (DKNG) has revealed its intentions to introduce the highly-rated mobile sportsbook in North Carolina on Mar 11, 2024. This comes after working closely with officials and regulators in the state to ensure responsible betting options for fans. DKNG have also partnered with NASCAR to make this happen.North Carolina is a big sports state, home to NASCAR, and various professional and college teams. DraftKings will offer fans different ways to bet on sports like making bets during games or combining di ...