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Four Years of Venture Investments From Drive By DraftKings: Skill Games, Health & More

September 14, 2023 | By: Chav Vasilev

Four years after its launch, Drive By DraftKings continues to grow. According to its website, the multi-stage venture capital firm primarily invests in sports tech and entertainment companies. In addition to DraftKings, its namesake gaming company, Drive’s founding partners include: Accomplice Boston Seed Capital General Catalyst All three venture companies specialize in startups and early […]

Is 2023 the Financial Turning Point for Online Gambling Operators in the US?

The second quarter of 2023 was an important period for the young US online gambling industry, as many companies are reporting that their online operations turned profitable for the first time. For years, even the biggest operators had been outspending their revenues, creating impatience among investors and contributing to the slump most gaming stocks experienced […]

DraftKings’ Bid for PointsBet an Effort to Block Fanatics’ Entry to Online Casino?

DraftKings sent PointsBet an “unsolicited non-binding indicative proposal” on June 16 about its intent to buy the Australian online gambling operator for $195 million. That’s what PointsBet said in its second paragraph announcing the proposal. However, PointsBet first emphasized that it already has an “agreement to sell its United States online sports betting, iGaming, and retail […]

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