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DraftKings Shares Plummet, Closes New Deal With Turner Sports

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Stocks of online fantasy that is day-to-day and recreations wagering business DraftKings (NASDAQ:DKNG) are down 5% today as of 2:45 p.m. EDT.

The organization announced a contract that is brand new Turner Sports today, but there is other news that has investors spooked.

The agreement that is multi-year Turner Sports offers DraftKings exclusivity whilst the sportsbook and day-to-day fantasy recreations provider for several Turner Sports and Bleacher Report properties, other than NBA development. Turner is the moms and dad company of activities and sports culture website Bleacher Report.

Today but it is COVID-19 news away from NCAA university football that is likely moving the share cost.

The picture that is near-term DraftKings’ company was affected today whenever a COVID-19 outbreak on the University of Florida soccer group forced its high-profile game against LSU to be called down for this weekend. That postponement, combined with the Cincinnati-University of Tulsa game, makes 30 games that have needed to be rescheduled this autumn, just seven months to the season. COVID-19 cases on that game ended up being forced by the Cincinnati group to be delayed.

In addition to the college game postponements, Alabama mentor Nick Saban additionally said he tested good for COVID-19 yesterday, and won’t be on the sidelines for their week-end game.

It absolutely was additionally established today that the NFL’s Atlanta Falcon’s center is shut down after at least one result that is positive that team.

All this news puts the future of the season for both university and football that is expert concern. DraftKings is a rise stock that investors have actually respected according to its potential, instead of its basics which can be current. Using this year’s leads of some recreations leagues in question, it’s not astonishing that some investors searching for to offer first and discover how things progress. Stocks of online fantasy that is day-to-day and recreations wagering.

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Billy Houghton

Billy Houghton is a top acclaimed and sought-after commodities futures trading expert. The expertise and in-depth level of analysis that is offered by Billy Houghton is what has managed to put him at the stage of being the top ranked author for MetaNews among multiple different categories. Throughout his career, Billy has specifically spent over three decades on Wall Street fine-tuning his skills, which included over two decades at a trading desk. In more recent times, specifically the last decade, Billy has been researching algorithms of AI in futures trading, and believes they are the future of trading.
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