DraftKings Inc. - DKNG STOCK NEWS

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.

Paysafe (NYSE: PSFE) expands its payment processing services into the Ohio online sports-betting market, enhancing its operations in 25 U.S. jurisdictions. Following its entry into Maryland in Q4 2022, the company aims to capitalize on Ohio's market, projected to generate $900M in annual gaming revenue. Paysafe is collaborating with major sportsbooks like DraftKings (NASDAQ: DKNG) and Betway (NYSE: SGHC), offering a suite of payment solutions, including deposits via credit and debit cards and its Skrill digital wallet. This expansion positions Paysafe as a leader in the rapidly growing iGaming sector.

DraftKings (Nasdaq: DKNG) plans to launch its online sportsbook in Ohio on January 1, 2023, pending regulatory approvals. The platform will allow Ohio residents to legally bet on various sports events, including the NFL and College Football Playoff. Customers can enjoy features like same-game parlays and player prop bets. Additionally, DraftKings will support local communities through its 'Give Ohio Props' initiative, donating $25 for each new user sign-up in December. The company emphasizes responsible gaming through its DraftKings S.E.R.V.E.S. program.

DraftKings has announced the anticipated launch of its online sportsbook in Maryland on November 23, 2022, pending regulatory approvals. The sportsbook will offer a range of betting options, enhancing the gaming experience for Maryland customers ahead of Thanksgiving Day NFL games. DraftKings aims to provide a responsible and innovative betting environment, supported by partnerships with local entities. The launch further strengthens DraftKings' presence in the state, complemented by its role as the Official Sports Betting Sponsor of the Baltimore Ravens.