DraftKings is being accused of having ties to the black-market world of sports betting. Since the news broke on Tuesday morning, their stock dropped 13% in the NASDAQ, down over $2 by the afternoon to $48.45 a share. The Hindenburg Research Firm that has been investigating DraftKings says these activities began after merging with SBTech … Read more
Churchill Downs wants to switch from BetAmerica Sportsbook to Kambi Sportsbook. They are in talks with GAN to make this move possible which includes nixing SBTech’s product for GAN’s GameStack application. The odds of this change happening are relatively high, as Churchill Downs holds all of the cards. LOUISVILLE, Ky. – Churchill Downs currently has … Read more
DraftKings and SBTech acquisition by Diamond Eagle Acquisition Corp. has been approved by shareholders. This brings the company one step closer to being a publicly-traded company. The final phase is the actual business combination being completed, this has not been given a set date as of yet. BOSTON, Mass. – DraftKings has gotten one step … Read more
After the merger with Diamond Eagle, DraftKings will combine with SBTech and become a publicly-traded company. The deal is valued at approximately $2.7 billion. This will make DraftKings the first sportsbook on the New York Stock Exchange. BOSTON, Mass. – DraftKings and SBTech will officially merge along with Diamond Eagle Acquisition to create the first … Read more
The new football season could lead to gambling fraud. Companies are rushing to create an online sports betting experience. TransUnion and iovation say they have the solutions to solve these potential issues. TALLAHASSEE, Fla. – With the new football season incoming, tech companies warn about the potential increase of gambling fraud. Ever since the repeal … Read more
Betting industry insiders claim that DraftKings wants to purchase SBTech. The move would give DraftKings its own in-house sportsbook technology backend. DraftKings has not publicly indicated its interest in SBTech. BOSTON – According to several industry insiders, DraftKings is looking at buying SBTech. SBTech, headquartered in the Isle of Man, is an international sportsbook technology … Read more