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

In the United Kingdom, gambling operators make big money on what’s called in-play wagers — second-by-second action on when a goal is scored, where it lands in the net and who had the assist. U.S. gambling operators may have to follow suit since the Supreme Court struck down a federal ban on sports betting, opening the gates to states getting in on the action, via TV broadcasting. Now betting operators, from casinos to websites and phone apps, need to be able to beat TV’s 5-to-10 second delays. Continue reading With Legal Sports Betting, Data Rises in Value and Conflict