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DraftKings Can Reach $4.3B Revenue By 2030: Macquarie
Thursday, September 24, 2020 - 11:26am | 324A new analyst has jumped in the bullish camp for a leader in online sports betting and iGaming. The DraftKings Analyst: Macquarie Research analyst Chad Beynon initiates DraftKings Inc (NASDAQ: DKNG) stock with an Outperform rating and a price target of $65. The DraftKings Takeaways:...
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Barstool Sportsbook Downloads Outpace DraftKings, FanDuel At Launch
Monday, September 21, 2020 - 12:08pm | 488BofA Securities is out with an early, positive reaction to the Barstool Sportsbook app after its opening weekend in Pennsylvania. The Penn National Analyst: Shaun Kelley reiterated a Buy rating on Penn National Gaming (NASDAQ: PENN) and raised the price target from $59.75 to $85....
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The BETZ ETF's Will Hershey On Legal Sports Betting: 'It's A Gold Rush'
Friday, September 18, 2020 - 3:23pm | 1055Roundhill Investments co-founder and CEO Will Hershey joined the Benzinga PreMarket Prep show this week to share his thoughts on the sports betting market and a look at some individual names. Roundhill company runs two ETFs that were discussed on the show: Roundhill Sports...
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DraftKings Signs Exclusive Sports Betting Deal With New York Giants
Wednesday, September 16, 2020 - 10:16am | 320DraftKings Inc (NASDAQ: DKNG) is following up its ESPN deal with an NFL team partnership. What Happened: The New York Giants and DraftKings announced an exclusive multiyear deal Wednesday that makes DraftKings the official sports betting, iGaming and Daily Fantasy operator for the...
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Stock Wars: Las Vegas Sands Vs. MGM Resorts
Wednesday, September 16, 2020 - 7:15am | 908Las Vegas Sands Corp (NYSE: LVS) and MGM Resorts International (NYSE: MGM) are two of the world’s largest casino operators. Each has taken a different route and growth strategy for its business. Here's a look at how the two stack up in a battle we call Stock Wars. About Las Vegas...
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ESPN Deal Extends DraftKings 'Already Large Marketing Reach'
Tuesday, September 15, 2020 - 12:26pm | 538Walt Disney Co's (NYSE: DIS) ESPN announced two separate deals with DraftKings Inc (NASDAQ: DKNG) and Caesars Entertainment (NASDAQ: CZR) on Monday. The deals include link outs for both brands sportsbooks. DraftKings gets exclusive rights for daily fantasy sports partnership with...
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Talking Sports Betting And Dave Portnoy With BETZ ETF Founders
Monday, September 14, 2020 - 8:20am | 1022Roundhill Investment founders Tim Maloney and Will Hershey recently sized up the sports betting market. BETZ ETF: The Roundhill Sports Betting & iGaming ETF (NYSE: BETZ) currently holds 37 different stocks. PointsBet, William Hill, DraftKings Inc. (NASDAQ: DKNG) and Penn National...
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IPO Could Be Ahead For Sports Betting Platform Fox Bet: Research Firm
Friday, September 4, 2020 - 12:00pm | 648Fox Bet, a joint venture between Flutter Entertainment (OTC: PDYPY) and Fox Corp (NASDAQ: FOXA), is rumored to be planning an initial public offering, according to an industry research firm. What Happened: Research firm Eilers & Krejcik said in a newsletter that a potential Fox Bet IPO...
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DraftKings Takes Advantage Of 'Favorable Market Conditions' With Share Offering
Wednesday, June 17, 2020 - 9:08am | 376Online sports betting company DraftKings Inc (NASDAQ: DKNG) announced Tuesday afternoon a 14-million share offering to take advantage of "favorable market conditions," according to Oppenheimer analyst Jed Kelly. What Happened: DraftKings expects to raise $500 million to $525 million in...