DIRS.INFO The most relevant business & tech news

☆ The sports-betting apps that NFL fans in their 20s love — and 3 other key takeaways on the habits of young football devotees
▼ + stars: | 2023-09-26 | by ( Margaret Fleming | ) www.businessinsider.com time to read: +4 min

And a new report sheds light on how those efforts are resonating with younger fans. Compared to NFL fans aged 30 and older, fans in their 20s were three times more likely to place a bet every week. And only 11% of fans in their 30s spent more than $1,000 annually on sports betting, versus 28% of younger fans. That number was just 33% among fans aged 30 and up. Most of these fans said they played in a fantasy league during the 2022 football season, but most older fans didn't.

Persons: YouGov, FanDuel, Barstool, Penn, Fox, sputtered, Barstool Sportsbook, sportsbooks, NFL RedZone, aren't, they're Organizations: NFL, Sports, Penn Entertainment, ESPN Bet, Fox, Bally Bet, Brand, FOX Bet

☆ Here are Tuesday's biggest analyst calls: Tesla, Rivian, Apple, Domino's, Levi's, Meta, Micron & more
▼ + stars: | 2023-09-26 | by ( Michael Bloom | ) www.cnbc.com time to read: +6 min

UBS reiterates Levi Strauss as buy UBS said Levi Strauss' earnings will be less bad than feared in early October. Oppenheimer names Domino's a top pick Oppenheimer named Domino's as a top pick and said the downward revision cycle has "bottomed." Bank of America reiterates Meta as buy Bank of America said it's bullish heading into Meta's annual Connect conference event on Wednesday. "Given Meta's increased focus on integrating Al across surfaces, and CEO commentary on AI Agents on prior earnings calls, we believe the event may also include announcements on new AI/ML products." Citi reiterates Micron as buy Citi said its bullish heading into Micron earnings on Wednesday.

Persons: Baird, Levi Strauss, LEVI, Morgan Stanley, Oppenheimer, Domino's, Stifel, it's, Tesla, TSLA, Jefferies, Edwards, Goldman Sachs, Goldman Organizations: UBS, Barclays, Bank of America, Meta, Agents, JPMorgan, Apple, Nike, Citi, Micron, RBC, HSBC, AMC, ~$ Locations: Greater China, China

☆ Ark CEO Cathie Wood says she avoided the Arm IPO frenzy. Here's why
▼ + stars: | 2023-09-20 | by ( Elliot Smith | ) www.cnbc.com time to read: +2 min

Cathie Wood, CEO of Ark Invest, speaks during an interview on CNBC on the floor of the New York Stock Exchange (NYSE) in New York City, February 27, 2023. Brendan McDermid | ReutersArk Invest CEO Cathie Wood said she did not participate in Arm's blockbuster initial public offering last week because she finds the chip designer was overvalued relative to its competitive position. Arm CEO Rene Haas and executives cheer, as Softbank's Arm, chip design firm, holds an initial public offering (IPO) at Nasdaq Market site in New York, U.S., September 14, 2023. Brendan Mcdermid | Reuters"So we did not participate in that IPO, and we also compare it to the stocks in our portfolios. The top holdings in Wood's flagship Ark Innovation ETF include Tesla , Shopify , UiPath , Unity , Zoom , Twilio , Coinbase , Roku , Block and DraftKings .

Persons: Cathie Wood, Brendan McDermid, Wood, Rene Haas, Brendan Mcdermid Organizations: Ark Invest, CNBC, New York Stock Exchange, Reuters Ark, Nasdaq, Reuters, Innovation, Tesla, U.S . Federal Reserve Locations: New York City, New York, U.S

☆ An N.F.L. Stadium Brings Sports Betting Inside
▼ + stars: | 2023-09-14 | by ( Jenny Vrentas | More About Jenny Vrentas | ) www.nytimes.com time to read: +2 min

Since a Supreme Court ruling in 2018 opened the door for more states to greenlight sports gambling, the N.F.L. issued its most extensive set of penalties for violations of its gambling policy. Nine players in the past four years — including one Commanders player — have received at least season-long bans for betting on N.F.L. This diverges from other professional leagues such as Major League Baseball, which prohibits only betting on baseball games or illegal betting. Commanders left tackle Charles Leno Jr. said he doesn’t like talking about the gambling policy because he’s wary of saying something that could get him in trouble.

Persons: Roger Goodell, —, Charles Leno Jr, Leno, “, ” Organizations: Caesars Entertainment, MGM, Harbor, Kansas City Chiefs, Detroit Lions, N.F.L, Major League Baseball Locations: FanDuel

☆ A top Amazon exec reveals how she's using 'Thursday Night Football' to rope in new brands for the tech giant's $38 billion ads business
▼ + stars: | 2023-09-13 | by ( Lucia Moses | ) www.businessinsider.com time to read: +5 min

Non-endemic advertisers have been a crucial part of Amazon's ability to expand its ad business more broadly, which totaled $38 billion in 2022. Last year, Amazon made custom ads for DraftKings with "TNF" analysts Ryan Fitzpatrick and Richard Sherman previewing a same-game betting parlay. The matchup will be shown for free on Prime Video, offering advertisers a wider audience than those with an Amazon Prime membership (Amazon ended 2022 with 168 million members , according to CIRP). In another move that will have big implications for some advertisers, Amazon is exploring dynamic advertising, a more targeted form of messaging that's tailored to the individual (i.e. Beyond non-endemic ads featuring "TNF" talent, fans can also expect to see more spots featuring themes of gender equality.

Persons: Amy McDevitt, they've, McDevitt, It's, General Mills, Raquel Navarrski, Navarrski, Ryan Fitzpatrick, Richard Sherman, you've, Amazon's Organizations: Amazon, NFL, General, Miami Dolphins, New York Jets, Brands

☆ DraftKings apologizes for "Never Forget" parlay promotion on 9/11
▼ + stars: | 2023-09-12 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailDraftKings apologizes for "Never Forget" parlay promotion on 9/11CNBC's Joe Kernen breaks down the latest news from DraftKings.

Persons: DraftKings, Joe Kernen Locations: DraftKings

Signage is seen at the headquarters of the U.S. Securities and Exchange Commission (SEC) in Washington, D.C., U.S., May 12, 2021. REUTERS/Andrew Kelly/File Photo Acquire Licensing RightsNEW YORK, Sept 12 (Reuters) - The U.S. Securities and Exchange Commission on Tuesday said it has charged a former national office leader at audit firm Marcum LLP over quality control failures, the regulator said in a statement. The SEC said Alfonse Gregory Giugliano, a certified public accountant, failed to sufficiently address and remediate deficiencies in the firm's quality control system. In his role as a National Assurance Services Leader, he was aware of numerous deficiencies in Marcum's quality control system, the SEC said. The SEC in June charged marcum with a $10 million penalty for standards violations related to its audit work for hundreds of special purpose acquisition companies, or SPACs.

Persons: Andrew Kelly, Marcum, Alfonse Gregory Giugliano, Giugliano, Nikola, Chris Prentice, Nick Zieminski Organizations: U.S . Securities, Exchange Commission, SEC, Washington , D.C, REUTERS, National Assurance Services Leader, DraftKings Inc, Thomson Locations: Washington ,

☆ DraftKings apologizes after briefly offering a 'Never Forget' 9/11 anniversary-themed parlay
▼ + stars: | 2023-09-11 | by ( Brent D. Griffiths | ) www.businessinsider.com time to read: +2 min

"We respect the significance of this day," the company said in its apology. The sports betting giant is just the latest company to fail to properly commemorate the terrorist attacks. The site briefly offered bettors a parlay, a wager tied to multiple outcomes, based on three New York teams playing Monday night. "We sincerely apologize for the featured parlay that was shared briefly in commemoration of 9/11," the company said in a statement posted on Twitter. "We respect the significance of this day for our country and especially for the families of those who were directly affected."

Persons: DraftKings, bettors, Aaron Rodgers, Papa John's Organizations: Service, New York, League Baseball's New York Yankees, Mets, New York Jets, Buffalo Bills, Twitter, Washington Post, Florida Walmart, Bear, Los Angeles Times, Bank of America Locations: Wall, Silicon, Ohio, Washington, Florida, DraftKings

ATLANTIC CITY, N.J. (AP) — Sports betting company DraftKings apologized Monday after using the Sept. 11, 2001, terror attacks to entice people to bet on baseball and football games on the anniversary of the tragedy that killed nearly 3,000 people. After an outcry on social media from people offended by the promotion titled “Never Forget,” DraftKings took it down and apologized. “We sincerely apologize for the featured parlay that was shared briefly in commemoration of 9/11,” the company wrote. He decried the DraftKings offer as “tone-deaf.”Political Cartoons View All 1152 Images“It is shameful to use the national tragedy of 9/11 to promote a business,” he told The Associated Press. DraftKings is one of the leading companies offering legal sports betting in the U.S., which has grown rapidly since the U.S. Supreme Court cleared the way for it in 2018.

Persons: DraftKings, ” DraftKings, “, ” Bret Eagleson, Bruce, ”, Wayne Parry Organizations: CITY, — Sports, Yankees, Mets, Jets —, World Trade Center, Pentagon, Associated Press, Supreme, Twitter Locations: N.J, Boston, York, Pennsylvania, U.S

☆ DraftKings apologizes for 9/11 sports bet promo on New York teams
▼ + stars: | 2023-09-11 | by ( Dan Mangan | ) www.cnbc.com time to read: +2 min

In this photo illustration, the American daily fantasy sports contest and sports betting company DraftKings logo is displayed on a smartphone screen. Sports gambling giant DraftKings apologized Monday for a bet parlay offer that would have paid out if three New York teams won on the 22nd anniversary of the Sept. 11 terror attacks that killed almost 3,000 Americans. The parlay DraftKings was touting earlier Monday said, "Never Forget," a term frequently applied to the Sept. 11 attacks. "We sincerely apologize for the featured parlay that was shared briefly in commemoration of 9/11," DraftKings said on X, the social media site formerly known as Twitter. "Absolute clowns," one X user wrote in reply to DraftKing's apologetic tweet.

Persons: DraftKings, Bret Eagleson, Bruce, Eagelson, CNBC's Stefan Sykes Organizations: New York, Trade, New York Yankees, Mets, Jets, Trade Center, Associated Press, District of Columbia, Supreme Locations: Manhattan, U.S

☆ DraftKings apologizes for 9/11-themed ‘Never Forget’ parlay bet
▼ + stars: | 2023-09-11 | by ( Samantha Delouya | ) edition.cnn.com time to read: +2 min

CNN —DraftKings issued an apology Monday after offering a 9/11-themed bet in its app. “Bet on these New York teams to win tonight on 9/11,” the offering read. A parlay bet combines multiple wagers into one single bet. DraftKings offered a mea culpa for its decision to provide a 9/11-themed bet, saying the company respects the “significance of this day.”“We sincerely apologize for the featured parlay that was shared briefly in commemoration of 9/11. DraftKings is not the first US company to spark backlash after offering a 9/11-themed social media post or marketing gimmick.

Persons: CNN — DraftKings, ”, “, DraftKings, ” “, ” DraftKings, Mike Bonano Organizations: CNN, New York Mets, New York Yankees, New York Jets, Twitter, New York, Walmart, World Trade, New Locations: Florida, San Antonio, New York

☆ Cramer's Lightning Round: American Electric Power is a buy
▼ + stars: | 2023-09-08 | by ( Julie Coleman | ) www.cnbc.com time to read: +1 min

Stock Chart Icon Stock chart icon American Electric Power's year-to-date stock performance. American Electric Power : "You buy it...This won't just be a smooth ride, 4.2% yield is good. Stock Chart Icon Stock chart icon Verizon's year-to-date stock performance. Stock Chart Icon Stock chart icon Churchill Downs' year-to-date stock performance. I'm going to say you want to buy DraftKings."

Persons: It's, Churchill Organizations: American Electric, Verizon, Churchill

☆ Wall Street says these gaming stocks have big upside as NFL kick-off boosts interest
▼ + stars: | 2023-09-08 | by ( Jesse Pound | In Jesse-Pound | ) www.cnbc.com time to read: +3 min

The NFL season began on Thursday, with the Detroit Lions defeating the Kansas City Chiefs. The gaming stocks listed below have buy ratings from more than 60% of analysts and upside to the average price target of greater than 20%, according to FactSet. Caesar's Entertainment has the most upside on the list, with an average price target 37% above its most recent closing price. Barclays analyst Brandt Montour said in a Sept. 7 note to clients that Caesar's could see a boom in non-sports online gambling. DraftKings is Needham's top pick in gaming, though the average analyst price target on the stock is below 20%.

Persons: Brandt Montour, We're, Montour, skews, Churchill, FactSet, DraftKings, Needham, DKNG, Bernie McTernan, — CNBC's Michael Bloom Organizations: NFL, Wall Street, Detroit Lions, Kansas City Chiefs, Caesar's Entertainment, Barclays, MGM Resorts International, Kentucky Derby Locations: U.S, 3Q23

☆ Fanatics and ESPN are ready to shake up sports betting this fall. Here are the 5 battlegrounds to watch during the biggest gambling season of the year.
▼ + stars: | 2023-09-08 | by ( Ashley Rodriguez | Margaret Fleming | ) www.businessinsider.com time to read: +10 min

The start of the regular NFL season kicks off the biggest sports-betting season of the year. Here are the battlegrounds to watch as Fanatics and ESPN Bet enter and Bet365 gains share. The NFL kicked off Thursday night, and so did the biggest season of the year for US sports betting. It ranked fourth among more than 40 apps in EKG's national panel of "secret shopper"-style app testers — behind only FanDuel, DraftKings, and PointsBet. "There's one strategy: you have to be early, you have to be ahead of the start of the season," Beynon said.

Persons: We've, Macquarie, Chad Beynon, Bet365, Chris Krafcik, Krafick, EKG, Penn, It's, Sportsbook, isn't, Beynon, That'll, DraftKings, it's, BetMGM, Entain, Wynn Organizations: NFL, Bank of America, ESPN Bet, Penn Entertainment, Fox, Krejcik, ESPN, DraftKings, Penn, BetMGM, Caesars, MGM, Angstrom Sports, Wynn Resorts, Rush, Interactive Locations: Ohio, Colorado, Virginia, BetMGM, FanDuel, Macquarie, Las Vegas, Chicago, Connecticut

☆ FanDuel, DraftKings Blitz for New Customers as NFL Season Starts
▼ + stars: | 2023-09-07 | by ( Katherine Sayre | ) www.wsj.com time to read: 1 min

This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/business/media/nfl-betting-draftkings-fanduel-b973fb06

Persons: Dow Jones

☆ Here are the 13 stocks Jim Cramer is watching, including Eli Lilly, McDonald's
▼ + stars: | 2023-09-07 | by ( Jim Cramer | ) www.cnbc.com time to read: 1 min

Here are some of the tickers on my radar for Thursday, Sept. 7, taken directly from my reporter's notebook:Weekly jobless claims 216,000 versus 230,000 expected. Will a resilient labor market push Fed to slip in another interest rate hike this year? Remember, August nonfarm payrolls were stronger than expected and stepping up for a second month in a row after June's smallest monthly gain since December 2020. JPMorgan forecasts $100 billion category for so-called GLP-1 treatments such as Eli Lilly'sCanaccord starts Johnson & Johnson KenvueIs DraftKingsGeneral MillsIf you like this story, sign up for Jim Cramer's Top 10 Morning Thoughts on the Market email newsletter for free.

Persons: nonfarm payrolls, Eli Lilly's Canaccord, Johnson, Mills, Jim Cramer's Organizations: Fed, JPMorgan

☆ DraftKings and Flutter have the time advantage for NFL gambling, says JMP's Jordan Bender
▼ + stars: | 2023-09-07 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailDraftKings and Flutter have the time advantage for NFL gambling, says JMP's Jordan BenderJordan Bender, Equity Research Analyst in Gaming at JMP Securities, discusses the impact of the NFL season kickoff on gambling stocks.

Persons: JMP's Jordan Bender Jordan Bender Organizations: Equity Research, Gaming, JMP Securities, NFL

☆ DraftKings CEO Jason Robins on NFL sports betting: This a big day and weekend for us
▼ + stars: | 2023-09-07 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailDraftKings CEO Jason Robins on NFL sports betting: This a big day and weekend for usDraftKings CEO Jason Robins joins 'Squawk Box' to discuss the start of the NFL season's impact on DraftKings' business, the cost of customer acquisitions, and the impact of ESPN's deal with Penn Entertainment.

Persons: Jason Robins Organizations: NFL, Penn Entertainment

☆ The NFL season is almost here. These stocks could benefit — for a few days
▼ + stars: | 2023-09-03 | by ( Jesse Pound | In Jesse-Pound | ) www.cnbc.com time to read: +2 min

The 2023 season starts on Sept. 7, with the defending Super Bowl champion Kansas City Chiefs hosting the Detroit Lions. The next few days could be a good short-term trading opportunity for the sports betting stocks, according to a Wednesday note from the Bank of America consumer trading desk. "Online Gaming stocks have a history of rallying into and on the start of NFL Season, though less so after," the note said. The biggest pure-play online sports betting stock in the U.S. is DraftKings , with a market cap of more than $12 billion. DKNG YTD mountain DraftKing's stock price has more than doubled in 2023.

Persons: Refinitiv, BETZ, — CNBC's Michael Bloom Organizations: NFL, Super Bowl, Kansas City Chiefs, Detroit Lions, Bank of America, Wall, Ceasars Entertainment, MGM Resorts International, Penn Entertainment, ESPN, iGaming Locations: U.S, Barstool

☆ Cramer's Lightning Round: Hold DraftKings
▼ + stars: | 2023-08-17 | by ( Julie Coleman | ) www.cnbc.com time to read: +3 min

Stock Chart Icon Stock chart icon Salesforce's year-to-date stock performance. Stock Chart Icon Stock chart icon SoFi's year-to-date stock performance. Stock Chart Icon Stock chart icon UiPath's year-to-date stock performance. Stock Chart Icon Stock chart icon DraftKings' year-to-date stock performance. Stock Chart Icon Stock chart icon GE HealthCare's year-to-date stock performance.

Persons: we'll, I'm, It's, Anthony Noto, we're, they're, Let's, DraftKings, I've, it's, James Quincey's, Coke, Jim Cramer's Organizations: Charitable Trust, American Airlines, GE, GE HealthCare

☆ Lightning Round: The only airline I'm recommending right now is Delta, says Jim Cramer
▼ + stars: | 2023-08-17 | by ( Jim Cramer | ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailLightning Round: The only airline I'm recommending right now is Delta, says Jim Cramer'Mad Money' host Jim Cramer weighs in on stocks including: Salesforce, SoFi, American Airlines, UiPath, Apple, DraftKings and more.

Persons: Jim Cramer Organizations: American Airlines, Apple Locations: Delta

☆ How ESPN's $2 billion deal with Penn Entertainment could shake up sports betting, from reinvigorating competition to evolving media's relationship with gambling
▼ + stars: | 2023-08-14 | by ( Ashley Rodriguez | Margaret Fleming | Lucia Moses | ) www.businessinsider.com time to read: +11 min

Many view the deal as a "win-win" for ESPN, Penn, and its former partner Barstool Sports. Industry insiders say the deal could signal a potential ESPN spinoff, disrupt competition, and more. Here's what industry insiders are saying about the deal:1. FanDuel and DraftKings dominate US online sports-betting and gambling market share, followed by BetMGM, according to a July report from Macquarie that analyzed Vixio data. Industry insiders like affiliate-marketing company Gambling.com Group's Max Bichsel aren't sure about that prediction.

Persons: Barstool, Bob Iger, Penn, sportsbooks, who's, Chris Grove, Dave Portnoy, Portnoy, Fox's, Sharp, Sharp Alpha Advisor's Lloyd Danzig, Dan, Danzig, Brandon Nispel, he's, Nispel, Kimberly White, FanDuel, BetMGM, Zachary, Max Bichsel aren't, Bichsel, I'm, Grove, It's, DraftKings, let's, FuboTV, hasn't, Fox Bet, Ed Moed, Fox, Dan Wasiolek, Wasiolek Organizations: ESPN, Penn Entertainment, Penn, Barstool Sports . Industry, ESPN Bet, Investors, Acies Investments, Barstool Sports, Sharp Alpha, Disney, KeyBanc, CFRA Research, . Industry, ESPN —, Fox, Maxim Magazine, Sports, Fox Bet, Morningstar Locations: Macquarie, Canada

☆ Media insiders say ESPN's new sports-betting push could help it court a younger crowd and set up a spinoff from Disney
▼ + stars: | 2023-08-14 | by ( Lucia Moses | ) www.businessinsider.com time to read: +6 min

Industry insiders say ESPN's deal with Penn Entertainment could signal a potential ESPN spinoff from Disney. Disney announced a $2 billion deal with casino operator Penn Entertainment to create ESPN Bet. ESPN's $2 billion Penn Entertainment deal rocked the sports-betting world — and also renewed speculation among industry insiders that Disney could spin off its media crown jewel. For ESPN, it's not as material, but it's helpful — ESPN has locked in a 10-year partner with guaranteed pay so that improves the visibility of ESPN's revenue. To be sure, some industry watchers have questioned how the deal positions ESPN's ability to catch up in the sports-betting race.

Persons: Bob Iger, Jonathan Miller, Penn, Alex Iosilevich, it's, It's, Iger, — DraftKings, sportsbooks, LightShed, Peyton Manning's, Ashley Rodriguez Organizations: Industry, Penn Entertainment, ESPN, Disney, ESPN Bet, what's, Hearst, CNBC, NFL, NBA, MLB, Integrated Media Co, Caesars Entertainment, Penn, LightShed Partners, American Gaming Association, Amazon, Comcast, Peyton Manning's Omaha Productions, Front Office Sports Locations: Saudi

☆ You are getting a buying opprotunity with DraftKings right now, says Jim Cramer
▼ + stars: | 2023-08-10 | by ( Jim Cramer | ) www.cnbc.com time to read: 1 min

You are getting a buying opprotunity with DraftKings right now, says Jim Cramer'Mad Money' host Jim Cramer talks DraftKings stock and why now is a good buying opportunity.

Persons: Jim Cramer

☆ How ESPN's $2 billion sports-betting deal could set it up for a spinoff from Disney, according to industry insiders
▼ + stars: | 2023-08-10 | by ( Lucia Moses | ) www.businessinsider.com time to read: +6 min

Industry insiders say ESPN's deal with Penn Entertainment could signal a potential ESPN spinoff from Disney. Disney announced a $2 billion deal with casino operator Penn Entertainment to create ESPN Bet. ESPN's $2 billion Penn Entertainment deal rocked the sports-betting world — and also renewed speculation among industry insiders that Disney could spin off its media crown jewel. To be sure, some industry watchers have questioned how the deal positions ESPN's ability to catch up in the sports-betting race. According to the American Gaming Association, sports betting grossed $7.5 billion in gaming revenue in 2022, up 75% from 2021.

Persons: Bob Iger, Jonathan Miller, Penn, Alex Ilosevich, it's, It's, Iger, — DraftKings, sportsbooks, LightShed, Peyton Manning's, Ashley Rodriguez Organizations: Industry, Penn Entertainment, ESPN, Disney, ESPN Bet, what's, Hearst, CNBC, NFL, NBA, MLB, Integrated Media Co, Caesars Entertainment, Penn, LightShed Partners, American Gaming Association, Amazon, Comcast, Peyton Manning's Omaha Productions, Front Office Sports Locations: Saudi

Search resuls for: "DraftKings"

25 mentions found