SBTech
DraftKings to replace Scoreboard as Oregon Lottery sportsbook brand
The Oregon Lottery Commission has approved a measure to migrate its sports betting product Scoreboard from its legacy SBTech platform to DraftKings’ framework. This will…
DraftKings subpoenaed by SEC over Hindenburg allegations
US sportsbook giant DraftKings has revealed it received a subpoena from the US Securities and Exchange Commission (SEC) concerning allegations made by a report from…
DraftKings ups guidance as revenue grows 252% but losses rise further
DraftKings’ revenue continued to rocket in Q1, growing 252.7% to $312.3m, but losses widened as the operator’s sky-high costs of sales and marketing costs continued…
DraftKings ups long-term EBITDA guidance to $1.7bn
DraftKings has upped its long-term earnings before interest, tax, depreciation and amortisation (EBITDA) guidance from $1bn to $1.7bn, following strong igaming results in 2020. The…
DraftKings raises 2020 guidance following Q3 growth
A third quarter in which revenue grew strongly has prompted DraftKings to raise its full year guidance for 2020, though the operator and technology provider’s…
State of the Union: DraftKings, IL, Boyd and more
This week’s State of the Union, in partnership with Segev LLP, covers DraftKings’ efforts to raise $1.66bn, record sports betting figures for the US in…
OR sets betting handle record in September, but GGR declines
Oregon’s SBTech-powered Scoreboard sportsbook set another record for handle at $26.2m in September, but saw revenue fall by 8.1% to $1.5m thanks to a negative…
DraftKings targets $1.66bn from share placement
DraftKings Inc is set to raise a further $600m from the new share placement announced earlier this week, after further details were released. The Boston-headquartered…
DraftKings looks to raise $1bn in new funding round
Nasdaq-listed sports betting giant DraftKings is looking to raise $1.03bn through a new public offering of common stock. The US group – formed by the…
Oregon Lottery sets betting handle record in August
Oregon’s SBTech-powered betting app scoreboard took in revenue of $1.7m, up 6.6%, in August, and set a new record for turnover at $25.8m, up 83.8%.…
Churchill Downs shifts online offering to Kambi and GAN
Churchill Downs Incorporated (CDI) has announced that it will migrate its BetAmerica-branded sports betting and igaming business to Kambi and GAN’s software. The deal will…
State of the Union: DraftKings, Covid-19, Puerto Rico and more
This week’s State of the Union, in partnership with Segev LLP, includes DraftKings’ first financial statements since its merger with SBTech and public listing on…
DraftKings revenue up 27.1% in H1 as net loss widens
Sports betting and daily fantasy giant DraftKings reported a 27.1% year-on-year rise in revenue for the first half of 2020, though the business’ net loss…
Soccer and MMA drive OR lottery betting growth in June
The Oregon Lottery’s SBTech-powered sportsbook app Score Board has seen revenue and handle growth continue into June, thanks again to the strong performance of soccer,…