DraftKings and the New (DKNG) York Giants sign an exclusive deal, two days after signing a deal with ESPN. As we were saying during the LIVE broadcast yesterday, any good management team will seek out new deals. They won’t sign a deal with (DIS) ESPN then say, “ok we’re done.” That doesn’t make any sense. Of course, they’ll keep striking while the iron is hot.
We’re looking for more deals from DraftKings and for the stock to seek higher levels in the weeks to come.
“Today, the New York Giants and DraftKings (Nasdaq: DKNG) announced an exclusive, multi-year arrangement, making DraftKings the Official Sports Betting, iGaming, and Daily Fantasy operator of the team. This multi-faceted arrangement grants DraftKings access to official Giants marks and logos, in addition to a first of its kind virtual SportsLounge open on Giants’ game days, providing attendees with unique and innovative ways to engage on all DraftKings platforms.” – Courtesy Yahoo Finance
Target levels are noted. We entered initially during mid day when the EPSN news hit the tape. See Tuesday’s Blog Post for more. Link here.
DraftKings is up Pre-Market1.27 (2.63%).
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