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Sports Betting Giant DraftKings Goes Public Following Merger

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variety.com
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By Dave McNary Film Reporter Sports betting giant DraftKings has become a public company following approval of a merger with SBTech and Diamond Eagle Acquisition, the public acquisition vehicle headed by entertainment industry veterans Harry Sloan and Jeff Sagansky.

The stock opened Friday at $17.53 on the Nasdaq under the ticker symbol DKNG and rose above $18 in early trading. Shareholders of Diamond Eagle Acquisition Corp.

approved the merger Thursday with DraftKings, which describes itself as the only vertically integrated pure-play sports betting and online gaming company based in the United States. “Today marks another milestone for DraftKings and the future of digital sports entertainment and gaming in America,” said Jason Robins,

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