DraftKings (NASDAQ: DKNG), a digital sports entertainment and gaming company known for its industry-leading daily fantasy sports and mobile sports betting platforms, on Thursday announced that it has completed its business combination with SBTech (Global) Limited (“SBTech”), an international provider of cutting-edge sports gaming technologies, and Diamond Eagle Acquisition Corp. (NASDAQ: DEAC). According to the update, the business combination, approved by DEAC’s stockholders on April 23, 2020, creates the only vertically integrated pure-play sports betting and online gaming company based in the United States. DraftKings’ shares of Class A common stock began trading on the Nasdaq Global Select Market under the ticker symbol “DKNG” beginning April 24, 2020, with its warrants trading on the Nasdaq under the ticker symbol “DKNGW.” “Today marks another milestone for DraftKings and the future of digital sports entertainment and gaming in America,” DraftKings co-founder and CEO Jason Robins stated in the news release. “By bringing together our leading consumer brand, data science expertise and industry-leading products with SBTech’s proven technology platform, we will accelerate our innovation, growth and scale. I am confident that the new DraftKings will progress our goal of offering the best, most innovative sports and gaming products to our customers.”
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About DraftKings
DraftKings 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 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 as well as an authorized gaming operator of the MLB and NBA. For more information, visit Investors.DraftKings.com.
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