DraftKings Inc. - DKNG STOCK NEWS

DraftKings Inc. reported fourth-quarter revenue of $322 million, up 146% year-over-year, and increased its 2021 revenue guidance from $750 million-$850 million to $900 million-$1 billion, representing a 40%-55% growth. The company recorded 1.5 million monthly unique payers (MUPs), a 44% increase, and average revenue per MUP rose 55% to $65. New expansions in Michigan and Virginia contributed to this growth. DraftKings also announced several strategic partnerships aimed at enhancing its market position.

DraftKings has appointed baseball legend Cal Ripken Jr. as a special advisor to its board of directors. Ripken, known for his remarkable MLB career, will provide strategic insights on company initiatives and become an equity holder in DraftKings. Jason Robins, CEO, emphasized Ripken's qualities of perseverance and integrity as invaluable to the company. Ripken will focus on company strategy, product development, and marketing, especially as the baseball season approaches. His appointment is effective immediately, enhancing DraftKings' strategic direction in sports engagement.

DraftKings released its inaugural Environmental, Social and Governance (ESG) Report, underscoring its dedication to corporate responsibility in 2020. CEO Jason Robins emphasized the company's focus on cybersecurity, sustainability, and responsible gaming. A newly formed sustainability working group identified key ESG areas, including Responsible Gaming, Community Engagement, Cybersecurity, and Energy Management. DraftKings will continue to track and report on its ESG initiatives, marking this report as a significant first step in its commitment to sustainable practices.

DraftKings has appointed Jennifer Aguiar as its new Chief Compliance Officer, effective February 2021. Having previously served as Vice President of Compliance and Risk, Aguiar played a crucial role in navigating the company through the licensing processes for daily fantasy sports and sports betting. She will oversee compliance and enterprise risk management, ensuring adherence to U.S. and international regulations. Tim Dent transitions to Senior Vice President of Regulatory Operations. DraftKings aims to strengthen its compliance framework to support growth in the gaming sector.

DraftKings Inc. (DKNG) has expanded its agreement with the NFL to include Canada, enhancing offerings for daily fantasy sports (DFS) fans as the Super Bowl approaches. This partnership, originally established in September 2019, allows DraftKings to leverage NFL branding in Canada. The collaboration aims to provide innovative gaming experiences to Canadian sports fans, reflecting the growing popularity of DFS in the region. This strategic move is expected to deepen customer relationships and improve fan engagement with NFL content.

BOSTON, Jan. 29, 2021 (GLOBE NEWSWIRE) -- DraftKings announced that Matt Kalish, co-founder and President of North America, will participate in the “Leaders and Legends” panel discussion hosted by EGR Global and Continent8 on February 2, 2021, at 9:00 AM ET. The event is open for registration on the Continent8 website and DraftKings' investor relations page. DraftKings is a leading digital sports entertainment and gaming company, operational in 17 countries, and offers various betting and gaming technologies.

DraftKings Inc. (Nasdaq: DKNG) has been named the exclusive Official Daily Fantasy Sports Partner of the Charlotte Hornets, enhancing its visibility in North Carolina. The multi-year deal includes access to Hornets trademarks, LED signage at Spectrum Center, and joint social promotions. A free-to-play Hornets-themed predictive game will also be developed within the team's mobile app. This partnership aims to provide engaging experiences for fans, marking a significant collaboration between the two brands.

DraftKings announced the release of its fourth quarter and year-end 2020 results on February 26, 2021, at 8:30 AM EDT. A conference call will follow to discuss these results. The earnings press release and other materials will be accessible via DraftKings' investor relations website, where an audio webcast and Q&A session will also take place. DraftKings operates as a digital sports entertainment and gaming company, offering products like daily fantasy sports and sports betting across multiple jurisdictions in the United States and internationally.

DraftKings Inc. has launched its sportsbook in Virginia, marking its 12th state launch. The launch arrives just before Super Bowl LV, with promotions including a Double Your Money betting opportunity. Virginia customers can bet on over 250 leagues, including NFL and NBA, with security measures in place for responsible gaming. A consumer study indicates strong preference for NFL betting in Virginia. DraftKings is the only U.S.-based vertically integrated sports betting operator, serving markets across numerous states.