Draftkings Inc - DKNG STOCK NEWS

DraftKings Inc. (Nasdaq: DKNG) has announced that its co-founder and CEO, Jason Robins, will participate in the J.P. Morgan Gaming, Lodging, Restaurant & Leisure Management Access Forum on March 14, 2023, at 1:20 PM ET. The event will include a fireside chat and will be accessible through both the conference website and DraftKings' Investor Relations page. Founded in 2012, DraftKings is a leading digital sports entertainment and gaming company, offering daily fantasy sports and sports betting in 23 U.S. states and Ontario, Canada. The company also operates iGaming in five states and is committed to responsible gaming and corporate social responsibility.

DraftKings Inc. (Nasdaq: DKNG) announced that CEO Jason Robins will speak at the Morgan Stanley Technology, Media & Telecom Conference on March 8, 2023, at 12:50 PM ET. The event will feature a fireside chat format and interested parties can access the live audio through the conference's website or DraftKings' Investor Relations page. DraftKings is recognized as a leading digital sports entertainment and gaming company in the U.S., operating in 22 states and Ontario, Canada, with offerings that include daily fantasy sports and regulated gaming. The company promotes responsible gaming and corporate social responsibility as core mission elements.

DraftKings Inc. (Nasdaq: DKNG) is set to launch its online sportsbook in Massachusetts on March 10, 2023, pending regulatory approvals. This will mark the state as the 21st in the U.S. to host DraftKings' betting platform. Eligible customers can bet on various sports, including local teams like the Boston Bruins and New England Patriots. The launch will feature exclusive promotions, same-game parlays, and a 'Bet Local' ad campaign with local sports icons. CEO Jason Robins emphasized the importance of this milestone for DraftKings as it expands its presence in the Massachusetts market.

DraftKings reported significant financial growth in Q4 2022, achieving $855 million in revenue, marking an 81% increase from the previous year. The company anticipates ending FY2023 with over $700 million in cash and generating positive Adjusted EBITDA as it optimizes expenses and expands its sports betting operations. Monthly Unique Payers grew to 2.6 million, a 31% rise year-over-year. DraftKings has raised its full-year 2023 revenue guidance to a range of $2.85 billion to $3.05 billion, reflecting a year-over-year growth of 27% to 36%. Adjusted EBITDA guidance was also improved, expecting losses of $350 million to $450 million.

On February 6, 2023, PlayAGS, Inc. (NYSE: AGS) announced a partnership with DraftKings, Inc. (NASDAQ: DKNG) to provide over 20 proprietary slot titles for DraftKings Casino. This collaboration aims to enhance DKNG's i-casino operations in North America. AGS already has 10 titles live in New Jersey, with additional games, including the award-nominated Golden Wins Deluxe®, set to launch soon. AGS Senior VP Gary Hardy highlighted this partnership as a significant milestone for the company, showcasing AGS's commitment to delivering exciting gaming experiences.

Bragg Gaming Group (NASDAQ: BRAG) has launched its proprietary content and technology with DraftKings (NASDAQ: DKNG) in New Jersey, expanding its North American presence. The new offerings include titles like Egyptian Magic and Fairy Dust from Bragg's Atomic Slot Lab studio. This rollout follows a successful launch in Michigan and continues the collaboration between Bragg and DraftKings. H2 Gambling Capital forecasts the NJ interactive casino market to generate $1.8 billion in Gross Win for 2023. Bragg aims to enhance player engagement through its Remote Game Server technology, marking a significant milestone in its growth strategy.

DraftKings Inc. (Nasdaq: DKNG) will release its fourth quarter and full year 2022 results on February 16, 2023. Following this, a conference call will occur on February 17, 2023, at 8:30 a.m. EST, where management will discuss the financial results and overall business performance. Investors can access the call through DraftKings' investor relations website. The audio will remain available until March 14, 2023. DraftKings is a leading digital sports entertainment company, offering daily fantasy sports, regulated gaming, and more across 22 states and Ontario, Canada.

DraftKings Inc. (Nasdaq:DKNG) has partnered with Gamres to implement the Positive Play Scale, a responsible gaming tool, among U.S. customers. This initiative is a first for a multi-state online gaming operator in the U.S., aiming to enhance DraftKings' responsible gaming program. The Positive Play Scale assesses player beliefs on responsibility and gaming literacy through a survey, aiming to optimize player engagement and safer gaming practices. Both companies expect actionable insights to foster healthier gaming experiences. DraftKings' ongoing commitment to responsible gaming aligns with its broader corporate social responsibility initiatives.

DraftKings has appointed Cristina Ackas as Vice President of Inclusion, Equity & Belonging (IEB), effective immediately. Ackas, with over a decade of experience, will lead the IEB strategy and report to Chief People Officer Graham Walters. She joins from Octagon Sports & Entertainment, where she developed a comprehensive DE&I plan. DraftKings aims to enhance its inclusive culture, having invested $1 million annually in diversity initiatives. Ackas emphasizes the organizational commitment to empowering employees to bring their authentic selves to work. The move aligns with DraftKings’ ongoing mission to promote curiosity and diverse perspectives.