Desert Diamond Casino Mask Policy ies and sportsbook operators that recently took advantage of rallying equity prices to tap capital markets for cash. Of the 32 million Class A shares being sold, DraftKings itself is selling 16 million. Early investors are selling the other half. Blackjack Online Bonus No Deposit Rjfz The company will only collect proceeds on the tranche it’s selling. But underwriters have an option to buy another 4. 8 million shares for up to 30 days. Based on the sale of 20.

8 million shares at (this is just an estimate, not an official statement from the company), DraftKings could raise . 22 billion for general corporate purposes. beats and bites riverwind casino 2021 roulette casino royale apk Some of the notable investors reducing their stakes in DraftKings, according to the filing, include New England Patriots owner Robert Kraft, board member Shalom Meckenzie, John Salter, and Raine Group. mgm grand casino in las vegas Meckenzie, the largest individual shareholder in the sportsbook operator, is selling 4 million worth of the stock. He’s the only director doing so. None of the investors are entirely liquidating their positions in the company. live casino review Legend Hospitality, a group controlled by the Dallas Cowboys and New York Yankees, isn’t participating in the sale.

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Nor is Walt Disney, which owns more than five percent of DraftKings Class A stock. More TidbitsThe primary reason Wall Street is enthusiastic about DraftKings is the growth of internet casinos and online sports betting. Peppermill Casino Nevada Wrpo The operator is obliging, saying its online sports wagering handle for the September quarter surged 460 percent year-obicycle casino poker atlasver-year, while its iGaming handle jumped 335 percent. santa ana casino winter wonderland However, the company warned its third-quarter results may not be directly comparable with future periods due to the unusual sports schedule forced by the coronavirus pandemic. “The unique sports calendar, with overlapping seasons for all four major US sports during a portion of the three months ended September 30, 2020, has also favorably impacted our handle in a manner that may not be representative of our performance in other periods,” said DraftKings in the regulatory filing. mgm casino entrance Three sportsbook firms in Tennessee have a green light to start accepting bets when wagering begins in the state next month. club player casino 100 no deposit bonus Three sportsbook firms have been approved to take bets in Tennessee.

Meanwhile, the NFL’s Titans are rescheduling at least one game because of COVID-19 infections on the team. sam s town casino vegas (Image: Boston Globe)The Tennessee Lottery Sports Wagering Committee recently approved conditional licenses for FanDuel, BetMGM, and DraftKings, according to the Associated Press. no deposit real money casino bonus codes Tennessee, which has no casinos, is set to begin allowing online-only sports wagering on Nov. 1. Turtle Lake Casino Open Hmhr The lottery panel is scheduled to meet on Oct. 5 and Oct. turtle creek casino concerts 16 to consider additional sportsbook licensees. online poker casino schweiz

Tennessee has no limit on the number of sportsbook operators that can be licensed in the state, the AP reported. 100 no deposit casinos Santa Ana Casino Hotel New Mexico Zbng In April, legislators approved online sports betting in Tennessee for people 21 and older who are placing wagers within the state’s borders. Tbicycle casino poker atlashe bill became law without a signature from Gov. online casino 600 bonus Bill Lee (R). The governor said he was concerned about the expansion of gambling in the state. COVID-19 Slams TitansThis week, the Tennessee Titans reached a deal with BetMGM to become the team’s official betting partner. free slot machines uk The partnership gives BetMGM branding rights on the stadium’s video board during replays and field goal attempts, according to the Nashville Post.

The National Football League’s Titans play at Nissan Stadium, located across the Cumberland River from downtown Nashville, the state’s capital. BetMGM also gets naming rights for the Titans’ television studio at Saint Thomas Sports Park, where the team’s corporate offices and practices facilities are located. hollywood casino york pa reviews intertops casino login Meanwhile, at least seven Titans and six others in the organization have tested positive for COVID-19, according to ESPN’s Adam Schefter. The 3-0 Titans, who lead the AFC South, had been scheduled to play at home