Draftkings Stock News

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BOSTON, March 09, 2022 (GLOBE NEWSWIRE) -- DraftKings Inc. (NASDAQ: DKNG ) ("DraftKings" or the "Company") today announced that Jason Park, Chief Financial Officer, will participate in the following event: The BofA Sports Betting & Online Gaming Virtual Field Trip on March 10, 2022. The fireside chat is scheduled for 1:00PM ET. Registration and the live video and audio portions of the BofA Sports Betting & Online Gaming Virtual Field Trip can be accessed at the conference website or at DraftKings'' Investor Relations website . About DraftKings DraftKings Inc. … Full story available on Benzinga.com

The CEO of a leading publicly-traded sports betting company has a warning for investors thinking of selling shares near the 52-week low. What Happened: Draftkings Inc (NASDAQ: DKNG ) CEO Jason Robins took to Twitter Inc (NYSE: TWTR ) to share his thoughts. If you sold #DKNG today, just be aware that my team and I are on a mission to make you regret that decision more than any other decision you''ve ever made in your life[.] — Jason Robins (@JasonDRobins) March 9, 2022 The tweet didn’t go unnoticed with some calling out the rarity of a CEO cautioning a sale. “Rare moment when a CEO directly addresses stock price. Even rarer to see a CEO take a shot,” sports betting writer Darren Rovell tweeted . Others were quick to point out that Robins himself sold DraftKings shares in 2021. A filing from DraftKings showed that Robins owned 3,344,111 shares at the end of 2021, down from a reported 3,707,860 owned in March 2021. Rovell has also highlighted the high amount of money — $642,950 — spent on security …

The company thinks it underestimated its potential by a whopping $400 million.

The tweet by CEO Jason Robin comes as many investors worry about the ultimate profitability of the online sports gambling industry.

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DraftKings Inc. DKNG, +2.93% CEO Jason Robins vows that people who are selling his company's stock will “regret that decision.”

The company thinks it underestimated its potential by a whopping $400 million.

The internet gambling company is growing by gaining access to new states, a trend it expects to continue.

Jared Carrabis joins DraftKings from Barstool Continue reading on Medium »

Carrabis, a prominent national baseball opinion personality in sports media, had been at Barstool since 2014.

An analyst downgrade contributed to the stock's steep decline from previous highs.

The NFL championed its see-no-evil, hear-no-evil, speak no-evil policy even long after Jimmy “The Greek” Snyder picked games on “The NFL Today” without mentioning the point spread. Until it could no longer resist the windfall that would come its way by getting into bed with partners DraftKings and FanDuel and Caesars and entering agreements with…

DraftKings has seen its stock price drop in recent months as the legacy gambling options have upped their marketing for sports gambling dollars.