DraftKings to Purchase Golden Nugget Online for $1.56 Billion

DraftKings has agreed to acquire Golden Nugget Online Gaming for $1.56 billion in stock, with the latter’s shareholders receiving 0.356 DraftKings shares, a roughly 53 percent premium to Golden Nugget Online’s stock. On the news, Golden Nugget Online shares skyrocketed almost 48 percent, but DraftKings’ remained relatively flat. The deal, which will bring 5 million online casino customers to DraftKings’ ecosystem, has been approved by both companies’ boards and is slated to close in the first quarter of 2022. Continue reading DraftKings to Purchase Golden Nugget Online for $1.56 Billion

New NFL Deal with Live Sports Data Firm Draws Concerns

The National Football League has had a longstanding anti-gambling policy, but its new deal with Switzerland-based Sportradar suggests the league may be changing its tune. According to terms of the deal, Sportradar distributes live data from professional football games, which include everything from scores to a running back’s acceleration rate. Sportradar is already well known in the sports gambling business, and it currently sells its data to fantasy sports sites. Continue reading New NFL Deal with Live Sports Data Firm Draws Concerns