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DraftKings to reimburse $300k in customer funds ‘affected’ by third-party hack

Sportsbook operator DraftKings says that some $300,000 in customer funds were ‘affected’ after customer login information was ‘compromised on other websites and then used to access their DraftKings accounts where they used the same login information’.

Despite bleak 2Q22, Bernstein maintains “Outperform” on DraftKings

Despite all negative markers barring the topline growth as reported in the second quarter of 2022, brokerage firm Bernstein maintains an “Outperform” tag for DraftKings, fantasy online sports betting major in the US.

Colossus files patent lawsuit against DraftKings in U.S.

Colossus Bets, a global provider of sports jackpots and gaming technology, said it's stepping up efforts to defend its intellectual property, filing a patent infringement lawsuit against DraftKings in the United States District Court for the District of Delaware.

Draftkings drops $22b offer for U.K.’s Entain

DraftKings is dropping its $22 billion takeover offer for U.K.-listed Entain, saying it's confident it will have success in going it alone in the U.S. market.

DraftKings acquisition of Entain would require MGM consent

MGM Resorts says it is aware of DraftKings recent $20 billion offer to acquire Entain Plc, noting that the parties would require MGM’s consent...

DraftKings acquires Golden Nugget Online Gaming for $1.56 billion

Sports betting giant DraftKings is acquiring Golden Nugget Online Gaming in an all-stock deal worth $1.56 billion.

Cybersecurity: making the pre-emptive strike can save millions

Hackers are getting increasingly more sophisticated and persistent, but some 80 percent of hacks happen through compromised credentials, taking some 250 days to recognize the breach. A first cybersecurity step for operators is conducting a vulnerability and penetration test, to not be another one of the 94 percent of companies that have been hacked.

Fanatics Betting and Gaming to buy PointsBet US for $150 million

The Fanatics Betting and Gaming (FBG) arm of sports retail giant Fanatics has agreed to buy the US operations of PointsBet, marking the sports giant’s first major move into US sports betting.

Online gambling market to grow by $150.5 billion until 2027: report

The global online gambling market is projected to grow by $150.5 billion until 2027, increasing at a compound annual growth rate (CAGR) of 11.03 percent, according to analysts at Technavio.

OpenBet announces Debra Krupinski as VP Commercial – US

OpenBet, a global leader in betting entertainment, has appointed Debra Krupinski as its VP Commercial – US, demonstrating the company's commitment for securing further growth in the region throughout 2023 and beyond.