DraftKings Posts Surprise Q1 EPS Profit, Again Lifts 2024 Guidance

DraftKings (NASDAQ: DKNG) delivered first-quarter results Thursday, telling investors it posted an unexpected first-quarter earnings per share (EPS) profit while again lifting 2024 revenue guidance. A DraftKings Sportsbook advertisement above the Grand Central subway station in New York City. The company reported impressive Q1 results and again boosted 2024 EBITDA and sales guidance. (Image: Crain […]

King Gaming Raided on Isle of Man in Fraud, Money-Laundering Probe

Last summer, Asian-facing online gambling operator King Gaming Ltd. obtained planning permission from the Isle of Man government to build a multimillion-dollar HQ on a derelict vacation complex. A computer rendering of King Gaming’s ambitious vision for its HQ on the Isle of Man. It’s unlikely the project will happen following raids that shut down […]