{"id":766536,"date":"2023-06-28T00:49:16","date_gmt":"2023-06-28T04:49:16","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/draftkings-no-longer-pursuing-acquisition-of-pointsbets-u-s-business\/"},"modified":"2023-06-28T00:49:16","modified_gmt":"2023-06-28T04:49:16","slug":"draftkings-no-longer-pursuing-acquisition-of-pointsbets-u-s-business","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/draftkings-no-longer-pursuing-acquisition-of-pointsbets-u-s-business\/","title":{"rendered":"DraftKings No Longer Pursuing Acquisition of PointsBet\u2019s U.S. Business"},"content":{"rendered":"<div class=\"mw_release\">\n<p align=\"left\">BOSTON, June  28, 2023  (GLOBE NEWSWIRE) &#8212; DraftKings Inc. (Nasdaq: DKNG) today announced that the company is no longer pursuing the acquisition of the U.S. business of PointsBet Holdings Ltd. (\u201cPointsBet\u201d). The company thanks PointsBet for their time and access over recent weeks.<\/p>\n<p>\n        <strong>About DraftKings<\/strong><br \/>\n        <br \/>DraftKings Inc. is a digital sports entertainment and gaming company created to fuel the competitive spirit of sports fans with products that range across daily fantasy, regulated gaming and digital media. Headquartered in Boston, and launched in 2012 by Jason Robins, Matt Kalish and Paul Liberman, DraftKings is the only U.S.-based vertically integrated sports betting operator. DraftKings\u2019 mission is to make life more exciting by responsibly creating the world\u2019s favorite real-money games and betting experiences. DraftKings Sportsbook is live with mobile and\/or retail sports betting operations pursuant to regulations in 23 states and in Ontario, Canada. The Company operates iGaming pursuant to regulations in 5 states and in Ontario, Canada under its DraftKings brand and pursuant to regulations in 3 states under its Golden Nugget Online Gaming brand. DraftKings\u2019 daily fantasy sports product is available in 44 states, certain Canadian provinces and the United Kingdom. DraftKings is both an official daily fantasy and sports betting partner of the NFL, NHL, PGA TOUR and UFC, as well as an official daily fantasy partner of NASCAR, an official sports betting partner of the NBA and an authorized gaming operator of MLB. Launched in 2021, DraftKings Marketplace is a digital collectibles ecosystem designed for mainstream accessibility that offers curated NFT drops and supports secondary-market transactions. In addition, DraftKings owns and operates Vegas Sports Information Network (VSiN), a multi-platform broadcast and content company. DraftKings is committed to being a responsible steward of this new era in real-money gaming with a Company-wide focus on responsible gaming and corporate social responsibility.<\/p>\n<p>\n        <strong>DraftKings Forward-Looking Statements<\/strong><br \/>\n        <br \/>Certain statements made in this press release are \u201cforward looking statements\u201d within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and the Private Securities Litigation Reform Act of 1995. When used in this press release, the words \u201cestimates,\u201d \u201cprojected,\u201d \u201cexpects,\u201d \u201canticipates,\u201d \u201cforecasts,\u201d \u201cplans,\u201d \u201cintends,\u201d \u201cbelieves,\u201d \u201cseeks,\u201d \u201cmay,\u201d \u201cwill,\u201d \u201cwould,\u201d \u201cshould,\u201d \u201cfuture,\u201d \u201cpropose\u201d and variations of these words or similar expressions (or the negative versions of such words or expressions) are intended to identify forward-looking statements. These forward-looking statements are not guarantees of future performance, conditions or results, and involve a number of known and unknown risks, uncertainties, assumptions and other important factors, many of which are outside DraftKings\u2019 control, that could cause actual results or outcomes to differ materially from those discussed in the forward-looking statements. For a discussion of additional risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see DraftKings\u2019 filings with the U.S. Securities and Exchange Commission. DraftKings does not undertake any obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.<\/p>\n<p \/>\n      <img decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODg2NTkxMCM1NjY4NzMzIzIxODIwMDI=\" \/><br \/>\n      <br \/>\n      <img decoding=\"async\" src=\"https:\/\/ml.globenewswire.com\/media\/ODJiM2ZkZGEtMDg5MS00ZmUyLWEyNjUtYWIyZmE0N2E2ZTJkLTExOTM1NzE=\/tiny\/DK-Crown-Holdings-Inc-.png\" \/>\n    <\/div>\n<div class=\"mw_contactinfo\">\n<pre>Media Contact:\r\nmedia@draftkings.com\r\n@DraftKingsNews<\/pre>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>BOSTON, June 28, 2023 (GLOBE NEWSWIRE) &#8212; DraftKings Inc. (Nasdaq: DKNG) today announced that the company is no longer pursuing the acquisition of the U.S. business of PointsBet Holdings Ltd. (\u201cPointsBet\u201d). The company thanks PointsBet for their time and access over recent weeks. About DraftKings DraftKings Inc. is a digital sports entertainment and gaming company created to fuel the competitive spirit of sports fans with products that range across daily fantasy, regulated gaming and digital media. Headquartered in Boston, and launched in 2012 by Jason Robins, Matt Kalish and Paul Liberman, DraftKings is the only U.S.-based vertically integrated sports betting operator. DraftKings\u2019 mission is to make life more exciting by responsibly creating the world\u2019s favorite real-money games and betting experiences. &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/draftkings-no-longer-pursuing-acquisition-of-pointsbets-u-s-business\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;DraftKings No Longer Pursuing Acquisition of PointsBet\u2019s U.S. Business&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-766536","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.8 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>DraftKings No Longer Pursuing Acquisition of PointsBet\u2019s U.S. Business - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/draftkings-no-longer-pursuing-acquisition-of-pointsbets-u-s-business\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"DraftKings No Longer Pursuing Acquisition of PointsBet\u2019s U.S. Business - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"BOSTON, June 28, 2023 (GLOBE NEWSWIRE) &#8212; DraftKings Inc. (Nasdaq: DKNG) today announced that the company is no longer pursuing the acquisition of the U.S. business of PointsBet Holdings Ltd. (\u201cPointsBet\u201d). The company thanks PointsBet for their time and access over recent weeks. About DraftKings DraftKings Inc. is a digital sports entertainment and gaming company created to fuel the competitive spirit of sports fans with products that range across daily fantasy, regulated gaming and digital media. Headquartered in Boston, and launched in 2012 by Jason Robins, Matt Kalish and Paul Liberman, DraftKings is the only U.S.-based vertically integrated sports betting operator. DraftKings\u2019 mission is to make life more exciting by responsibly creating the world\u2019s favorite real-money games and betting experiences. &hellip; Continue reading &quot;DraftKings No Longer Pursuing Acquisition of PointsBet\u2019s U.S. Business&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/draftkings-no-longer-pursuing-acquisition-of-pointsbets-u-s-business\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2023-06-28T04:49:16+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODg2NTkxMCM1NjY4NzMzIzIxODIwMDI=\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/draftkings-no-longer-pursuing-acquisition-of-pointsbets-u-s-business\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/draftkings-no-longer-pursuing-acquisition-of-pointsbets-u-s-business\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"DraftKings No Longer Pursuing Acquisition of PointsBet\u2019s U.S. Business\",\"datePublished\":\"2023-06-28T04:49:16+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/draftkings-no-longer-pursuing-acquisition-of-pointsbets-u-s-business\\\/\"},\"wordCount\":503,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/draftkings-no-longer-pursuing-acquisition-of-pointsbets-u-s-business\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.globenewswire.com\\\/newsroom\\\/ti?nf=ODg2NTkxMCM1NjY4NzMzIzIxODIwMDI=\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/draftkings-no-longer-pursuing-acquisition-of-pointsbets-u-s-business\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/draftkings-no-longer-pursuing-acquisition-of-pointsbets-u-s-business\\\/\",\"name\":\"DraftKings No Longer Pursuing Acquisition of PointsBet\u2019s U.S. Business - 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(Nasdaq: DKNG) today announced that the company is no longer pursuing the acquisition of the U.S. business of PointsBet Holdings Ltd. (\u201cPointsBet\u201d). The company thanks PointsBet for their time and access over recent weeks. About DraftKings DraftKings Inc. is a digital sports entertainment and gaming company created to fuel the competitive spirit of sports fans with products that range across daily fantasy, regulated gaming and digital media. Headquartered in Boston, and launched in 2012 by Jason Robins, Matt Kalish and Paul Liberman, DraftKings is the only U.S.-based vertically integrated sports betting operator. 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