DraftKings Extends Sports Betting Agreement with MansionBet

Rhea-AI Summary

DraftKings Inc. has renewed its partnership with MansionBet, a leading U.K. sportsbook, to continue powering its sportsbook and casino platforms. This long-term agreement includes a comprehensive suite of managed services such as compliance and fraud prevention. MansionBet aims to enhance its customer offerings, particularly in horse racing, by utilizing DraftKings' technology, including additional streaming options. DraftKings emphasizes its role in transforming fan engagement in sports through innovative solutions.

Positive

• Renewed long-term agreement with MansionBet enhances business relationship.
• MansionBet to leverage DraftKings' technology for improved customer experience.
• Expansion includes enhanced features for horse racing betting.

Negative

• None.

DraftKings’ B2B Technology Will Power Leading U.K. Sportsbook

BOSTON, Oct. 27, 2020 (GLOBE NEWSWIRE) -- DraftKings Inc. (Nasdaq: DKNG) today announced the renewal and extension of its relationship with MansionBet, the Gibraltar based sport betting brand of the Mansion Group, a leading provider of online gaming, with a portfolio of well-known online casino brands, as well as a sportsbook. The long-term agreement will see DraftKings’ B2B technology continue to power the tier one operator’s sportsbook and casino platform, in addition to providing a suite of managed services covering compliance, payments and anti-fraud protocols.

“Across multiple global jurisdictions, DraftKings is changing the way fans engage with sports,” said Shay Berka, DraftKings’ Chief International Officer. “Our renewal and extension with MansionBet, a tier one operator in the highly competitive U.K. market, is another example of the strategic value DraftKings’ cutting-edge B2B technology provides to our clients.”

Karel Manasco, CEO at Mansion commented: “DraftKings’ B2B platform has been instrumental to the success of MansionBet since we launched. The extended deal will allow us to provide our players with the ultimate sports betting experience, including increased offerings and an enhanced horse racing product, utilising the impressive platforms and services that DraftKings provide.”

Having experienced significant growth since launching in 2018, MansionBet will now leverage DraftKings’ suite of APIs across their entire sportsbook. The expansion will significantly enhance MansionBet’s customer offerings and experience, particularly for horse racing, which will now feature additional streaming coverage and Timeform content from both U.K. and international tracks.

About DraftKings
DraftKings Inc. (Nasdaq: DKNG) is a digital sports entertainment and gaming company created to fuel the competitive spirits of sports fans with products that range across daily fantasy, regulated gaming and digital media. Headquartered in Boston, and launched in 2012 by Jason Robins, Matt Kalish and Paul Liberman, DraftKings is the only U.S.-based vertically integrated sports betting operator. DraftKings is a multi-channel provider of sports betting and gaming technologies, powering sports and gaming entertainment for 50+ operators across more than 15 regulated U.S. and global markets, including Arkansas and Oregon in the U.S. DraftKings’ Sportsbook offers mobile and retail betting for major U.S. and international sports and operates in the United States pursuant to regulations in Colorado, Illinois, Indiana, Iowa, Mississippi, New Hampshire, New Jersey, New York, Pennsylvania and West Virginia. DraftKings’ daily fantasy sports product is available in 8 countries internationally with 15 distinct sports categories. DraftKings is the official daily fantasy partner of the NFL, MLB and the PGA TOUR as well as an authorized gaming operator of the NBA and MLB and an official betting operator of the PGA TOUR.

About Mansion

Awarded ‘Online Casino Operator of the Year’ at the 2018 International Gaming Awards and ‘Most Responsible Online Gambling Operator, Global 2018’ for the Capital Finance International Awards, the Mansion Group has firmly established itself as a leading provider of online gaming. With more than 15 years’ experience in the gaming industry, Mansion Group enjoys an international player base and a strong market share. The group has a selection of popular online casinos, including flagship brand Casino.com, MansionCasino, Slots Heaven, and a sportsbook, MansionBet. The portfolio of brands boasts exciting games from top providers and features betting on multiple markets across a whole host of different sports.

Media Contacts

DraftKings

media@draftkings.com
@DraftKingsNews

Mansion

pressroom@mansion.com

Forward-Looking Statements

Certain statements made in this release are “forward looking statements” within the meaning of the “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995. When used in this press release, the words “estimates,” “projected,” “expects,” “anticipates,” “forecasts,” “plans,” “intends,” “believes,” “seeks,” “may,” “will,” “should,” “future,” “propose” and variations of these words or similar expressions (or the negative versions of such words or expressions) are intended to identify forward-looking statements. These forward-looking statements are not guarantees of future performance, conditions or results, and involve a number of known and unknown risks, uncertainties, assumptions and other important factors, many of which are outside DraftKings’ control, that could cause actual results or outcomes to differ materially from those discussed in the forward-looking statements. For a discussion of additional risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see DraftKings’ Securities and Exchange Commission filings. DraftKings does not undertake any obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.

FAQ

What is the significance of DraftKings' partnership renewal with MansionBet?

The renewal enhances DraftKings' business relationship with MansionBet, a major U.K. sportsbook, allowing for improved customer offerings and services.

What technology will DraftKings provide to MansionBet?

DraftKings will provide its B2B technology, which supports sportsbook operations and includes managed services such as compliance, payments, and anti-fraud protocols.

When was the partnership between DraftKings and MansionBet announced?

The partnership renewal was announced on October 27, 2020.

How will MansionBet benefit from the partnership with DraftKings?

MansionBet will enhance its sportsbook offerings, notably in horse racing, through DraftKings' advanced technology and service suite.

What is DraftKings' role in the sports betting industry?

DraftKings is a key player in digital sports entertainment, providing technology solutions across multiple regulated markets for various operators.