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DraftKings (NASDAQ:DKNG) stock is tumbling Monday after the daily fantasy sports (DFS) provider said it’s selling 32 million shares of equity to raise capital, and that it expects third-quarter revenue of $131 million to $133 million.

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The company said sales increased 97 percent year-over-year, or 41 percent on a pro forma basis, assuming the midpoint of $132 million of the aforementioned range. In a filing with the Securities and Exchange Commission (SEC), DraftKings notes its hold rate during the first few weeks of the NFL season […]

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That ebullience is on display again as a pair reveal nice price forecasts on the name that averages out to $73.

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Credit Suisse analyst Benjamin Chaiken initiated coverage of the daily fantasy sports (DFS) provider with an “outperform” rating and a $76 price forecast, the highest yet on the name. He says that bullishness is buoyed by multiple factors. In a note to clients, Chaiken relayed four drivers for their outperform […]

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‘Obrigado, Pepe’···Portugal Legend Retires Real and Ronaldo ‘Thanks and Respect’

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“Legendary defender” Pepe (41) of the Portuguese national soccer team will retire. Cristiano Ronaldo (39, Al Nasr), Portugal’s top superstar, and Real Madrid, the world’s top club, expressed their gratitude and respect at the news of his retirement. The Portuguese soccer association said on its website that Pepe will end […]

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“At 41 years old, Portugal’s starting player” Pepe will take off his soccer boots… He will retire from active duty

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Portugal’s ‘Living Legend’ Pepe takes off his soccer boots at the age of 41. The Portuguese Football Association announced on its official channel on the 9th (Korea Standard Time) that “Pepe will end his career as a soccer player.” Pepe is a legendary figure who played for the Portuguese national […]

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International criminal organizations proving to have used local casinos as “laundry bats” to launder dirty money.

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Coquitlam Casino received a total of CA$2.5 million from gambling customers in cash transactions of CA$10,000 or more, respectively, according to TriCity News. But as a result of the discovery of scandals over large cash transactions at British Columbia casinos and subsequent investigations, local authorities imposed stricter reporting rules in […]

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In a sign of elevated enthusiasm for the offering, the warrant percentage attached to each unit was reduced.

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Each unit consists of one share of common stock and one-fourth of a warrant, exercisable at $11.50. The company originally filed with one-third warrants, but lowered to quarter warrants likely in a sign of demand,” according to Renaissance Capital, an IPO research firm. Marquee Raine was created by Chicago Cubs […]

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If the three teams are tied with one win and one loss, the gap between the two teams will be at least +1 point, and thus the team will not be ranked third.

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For your information, Group A consists of Myeongji University, Dankook University, and Hanyang University. Myeongji had a close game until six minutes left in the fourth quarter. The team repeated the turnaround and the turnaround once in each quarter.Myeongji is in danger of losing to Dankook University as Lee Min-cheol […]

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