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Lack of Sports Doesn't Stop DraftKings From Going Public
Sports daily fantasy and betting website DraftKings will debut as a publicly traded company Friday against a backdrop of a near-complete shutdown of athletic competition across the globe due to the coronavirus pandemic. DraftKings’ move to Wall Street was sealed Thursday after shareholders of a blank-check company, Diamond Eagle Acquisition Corp., approved a merger. Blank check companies typically are publicly…
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Filing Shows DraftKings' Net Loss Ballooned in First 9 Months of 2019
Through the first nine months of 2019, DraftKings Inc.’s net losses grew significantly over the prior year, according to the first detailed, public glimpse into the company’s financials in a new securities filing related to its plan to go public. The Boston-based fantasy sports and betting firm revealed Monday that it lost $114 million through Sept. 30. That’s more than…
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Top Mass. Lawmaker Doesn't Commit to Legalize Sports Betting in 2020: Report
As legalized sports betting rolls out in neighboring New Hampshire, Massachusetts continues to asses the best way to implement it, and a top legislator said that the process may take some time. Sen. Eric Lesser, who chairs the Massachusetts Legislature’s Joint Committee on Economic Development and Emerging Technologies, told The Boston Herald that the issue is being watched closely...
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Sununu to Kick Off New Hampshire's Legalized Sports Betting on Monday
Legal sports betting is set to kick off in New Hampshire right before the new year, a month after a contract with DraftKings was approved. Gov. Chris Sununu will place a ceremonial first wager at the Shoppers Pub + Eatery at Indian Head in Manchester on Monday, Dec. 30. Mobile sports betting will also launch that day, which is sooner…
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DraftKings Opens New Headquarters in Boston
Sports betting giant Draftkings unveiled its new headquarters in downtown Boston Tuesday morning. The company’s CEO and founders showed off their new facility in Boston’s Back Bay with a tour and ribbon cutting ceremony attended by Gov. Charlie Baker and other officials.
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DraftKings Is Entering the Sports Betting Market After SCOTUS' Decision
DraftKings was prepared for this morning’s decision.
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Mass. House Speaker DeLeo: Sports Betting Legislation Unlikely in 2018
Massachusetts House Speaker Robert DeLeo intends to take time before taking up a bill on sports betting, according to the State House News Service.
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Baker: Massachusetts Should Look Into Legal Sports Betting
Massachusetts officials on Monday began weighing the pros and cons of legalized sports betting after the U.S. Supreme Court gave states the green light to consider it.
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Massachusetts Lawmakers Consider 15 Percent Tax on Daily Fantasy Sports
Massachusetts lawmakers are considering taxing daily fantasy sports operators like Boston’s DraftKings.
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DraftKings Hiring About 300 Workers, Opening New HQ
The daily fantasy sports company DraftKings is expanding.
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DraftKings, FanDuel Call Off Daily Fantasy Sports Merger
The two top companies in daily fantasy sports are backing out of a proposed merger one month after federal regulators sued to block it.
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Federal Trade Commission Seeks to Block FanDuel, DraftKings Merger
The Federal Trade Commission is seeking to block the merger of FanDuel and DraftKings, the two largest daily fantasy sports sites.
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Sweet Victory: Patriots-Themed Treats Made for Super Bowl
Pastry chefs and chocolatiers in New England are helping fans celebrate the Super Bowl with lots of treats.