35 Burst results for "Draftkings"

DraftKings Stock Falls After Hindenburg Research Reveals Short Position

Rick Hamada

00:15 sec | Last month

DraftKings Stock Falls After Hindenburg Research Reveals Short Position

"And shares of online betting company Draftkings are tumbling. After Hindenburg research revealed that it had a short position against the stock. The firm is concerned about draftkings valuation and alleged involvement in questionable gambling activity. By SB Tech, which Dr King's merge

Draftkings Hindenburg Sb Tech Dr King
"draftkings" Discussed on WFAN Sports Radio_FM

WFAN Sports Radio_FM

01:33 min | 2 months ago

"draftkings" Discussed on WFAN Sports Radio_FM

"Draftkings offering free to play pools every single day. The basketball postseason, offering players a free shot it up to 10 grand in total prizes. Draftkings free to play pools are easy to enter a swell Is download the draft Kings APP go to pools and choose from a wide variety of free contests for an opportunity to win cash prizes. All you have to do is answer a handful of questions around what you think is going to happen during that day's games. Track your results throughout the evening. It's an absolute blast. Questions like ranging Which team is going to hit the most threes to which team is going to score first? Download the top rated draftkings up right now Use my promo code. Rome When you sign up to get a free shot it up to $10,000 in total prizes every day of the basketball postseason headed draftkings pulls page. It's the pool's page. Get a shot at enormous cash prizes. Promo code Rome Limited time, though limited time only at draftkings eligibility restrictions to apply. See draftkings dot com for full details. You're listening to the gym room show. Playoff basketball is here and before you bet on any of the postseason games, you need to check out back you. L bet QL analyzes every game to help you make the smartest possible bets. Sometimes the spread.

From Twitter to Palantir, Losses in Technology Stocks Stack Up

CNBC's Fast Money

01:37 min | 2 months ago

From Twitter to Palantir, Losses in Technology Stocks Stack Up

"On the one side. The reason highflyers crashing back to earth. They just check out. These moves fastly. Fc twilla draftkings all plunging. Those names now down at least thirty percent from their all-time highs on the other side the old school value name cisco ibm dow oracle not just today but many are trading at or near all time highs so in this tech tug o war. What side do you bet on dan. Well right now. It seems pretty clear. I mean the pandemic winners right some of these high valuation high growth names that were really well situated during just the unique situation during the pandemic they pulled forward a lot of demand here and now they're faced with decelerating metrics forward on all sorts of occasions. You have fastly down there. Facet was down twenty five percent today. It's still trades at about ten times next year sales so the demand and the pace in which these companies were growing in last year into this year are just not sustainable at these valuations. I throw a whole nother group though in their mail. We've seen some huge. Ipo's over the last six months or so airbnb. Door dash snowflake pailin tear and those stocks are down thirty forty percent from their recent highs. And they'd be more comparable to the oracle the dell the ibm and the cisco and i do think that as a really interesting relationship here that you're seeing rotation out of these high valuation names into cheap names that are more stable that don't have the growth just a bit more defensive here.

Oracle Cisco IBM DAN Airbnb IPO Dell
"draftkings" Discussed on This Old Marketing

This Old Marketing

02:49 min | 3 months ago

"draftkings" Discussed on This Old Marketing

"We need transparency. We need to have one solution. That basically is an industry standard that everybody can get behind and that is transparent and so everybody knows where their data is getting tracked. And he's spent basically arguing for the same kinds of things that we would argue for which is a complete set of transparency so that consumers can make up their own mind about how their getting tracked. That's not this. That's that's definitely not this. That is definitely not your company. Going off to china and trying to figure out your own siloed way of tracking users on a phone. That's going to make it harder to track users on their phone. That's definitely not this. And so the. The thing that i'm ranting about here is and i don't know they don't really quote him But basically you know they do quote the ceo of p. and g. who says we're reinventing brand building from wasteful mass marketing to mass one to one brand building fueled by data and technology which is just a bullshit way of saying. We're trying to target you with ads and scrape your data and your personal data in order to do that without your knowledge and i just think it's it's it's It's it's it's pretty rich for. And i think that mark pritchard is kind of cringing right now at this because of all the things that he's truly been advocating for is not this and so anyway it's it's worth a read. Go check it out. We'll see what happens with with all of this. I think it's probably not gonna work. 'cause apple can certainly start to build technology that that that that that battles this but will i agree with you. I don't think we've heard the last of this. I think it's going to we re not heard the last of the and you're going to see some backtracking and it's just you're right p. and g. it's surprising they've always been on the other side and now it seems like there. Yeah knee deepen and they and by the way they may be getting thrown under the bus here a little bit because if you read through it it's not allow their companies aloi. It's pricewaterhouse coopers. it's nielsen. You know basically. Abc and nielsen didn't respond for comment. nobody from deloitte commented. But it's a lot. It's a lot of companies that win. The wall street journal put p. and g. in the head in the headline us again. Why why because. I'm sure they because it was because they commented. Yeah well all right all right what are you doing. What are you doing this week. What am i doing this week. well that i am dose vaccinated Which is you haven't had your first one yet.

mark pritchard china Abc apple this week first one one solution nielsen deloitte street p. g. of p. coopers
"draftkings" Discussed on This Old Marketing

This Old Marketing

05:36 min | 3 months ago

"draftkings" Discussed on This Old Marketing

"When it went down for the march pandemic. it went down to three thousand thirty five hundred while right now as we talk. It's almost sixty three thousand. There's a lot of people with a lot of money to spend and they are going to spend it right now on. Nat's because they already have all the wallets and everything set up they just. You're not going to go away for quite some time. In my opinion who. I'm it's i can tell you firsthand baby in there. Well it's it's crazy and by the way it's great for creators because creators can especially artists can go on and do some really amazing things. There's a lot of really cool. Technology happening there at the same time are there are a lot of scams and a lot issues. That happens with any new technology. So i think it's you have to kinda look past all the really funny examples and the sixty nine million dollar beat people sales and you have to say okay. Is there really some value creation going on and is this thing called smart contract really a thing that creators can use absolutely absolutely well. Yes i mean. Yeah as we talked about last few shows. The technology behind blockchain technology behind smart contracts is useful and quite useful. It's that is still in the classic gartner cycle still at the. You know the peak of the hype where people are really still hyped up about this technology but haven't quite figured out a way to make it completely useful for business yet but that will change. There's no doubt banks are figuring this out. Real estate companies will figure this out. Lawyers are going to figure this out for smart contracts ticket. Sellers are gonna figure this out. There's all manner of things where in fact it's interesting because that that crypto crypto pia documentary goes into a lot of that goes into a lot of the sort of useful things that the technology that is now being used for. Nfl he's will ultimately enable. I just you know. I i so i. I'm with you that there that there's a useful technology here but at the same time the i want to advise people to not just look past it because it's easy to get wrapped up into that hype and say oh i can do. Nfc's and they've because there's going to be a lot of is going to be a lot of tears as well here because just you know very similar to where we were in the very early days of dot com. You know the people got wrapped. Up in the hype. Keep people got wrapped up in the in the excitement and didn't pay attention to the fact that you know there's a lotta. There's a lot of silliness here too. And that's just we just gotta keep is. You're saying that there's a lot of. I think the difference for me personally is if we having this conversation two thousand seventeen. I would have dismissed a lot of this. The difference in twenty twenty one is the fact that every major enterprise on the face of the earth with any kind of cash are trying to figure this thing out there. Lowering new new protocols a new technology on top of. What's going on there looking at. Okay what's our next product. And what do we need to do with smart contracts..

Nfc sixty nine million dollar three thousand thirty five hun sixty three thousand march pandemic earth twenty twenty one two thousand seventeen Nfl lot of people gartner dot com
"draftkings" Discussed on This Old Marketing

This Old Marketing

03:58 min | 3 months ago

"draftkings" Discussed on This Old Marketing

"As test than anything else and so what we do is we. Give it away to people that you know. Share our content. If you subscribe to the newsletter you will actually get tilt coin because of that and then what we're going to do is open exclusive content opportunities down the road and see we can actually make a thing of this thing now. What i do like about a robert is if you go to other. Were on the rallied at iona work. And what i like about that. There are a lot of con- creators that have been able to successfully monetize their platform if you will create their own little economy. It's going really well and successful. So there's already even though we're early early early adopter there are even earlier adopters. That are doing really well with some fascinated by to see if it's an actual thing a crater could do so we will. It's we'll see it's going to be it's gonna be fun to watch for. We're all learning. We don't know who knows exactly. Just you know no making this up. All we know is we we add. This'll marketing are not going to be doing any. Nf tease in the very. That is that fair statement. That is a fair statement. All right all right so the news. Okay fantastic well. Our first story here is about media. And and i guess broadly speaking content marketing here. It's a brand that we've talked about several times on the show. And that is of course draft kings and the story comes to us courtesy of axios and they apparently have this group as it were and headline is draft kings readies major media push draftkings says the article in its opening has hired. Brian ngo lay former senior vice president and chief business officer at verizon as the company's first ever chief media officer and you'll will lead a team responsible for evaluating potential media acquisitions and content efforts sources tell axios the team will help that future deals and content partnerships that the company will use to help drive customer referrals to its sportsbook and it goes on to talk about draftkings fact that they have talked about a potential deal with action network digital sports publisher and others and some of the other things that they have done in this space which of course is to acquire media companies and put put this whole division together. What say you mr joe. Let's see this is really someone who's really starting to take this whole content marketing thing series. I love this. I fell in love with it. I've read it a couple of times. Just trying to get my arms around. This is what i think. All enterprise should do they and whether you call it a chief media officer chief content officer a executive in charge of annonay a. I don't care. But the fact that they're looking at media acquisitions as a serious part of their overall business strategy is phenomenal. And then if you even go down to the bottom part of this article. It's how it works. This is for sportsbook. Operators like draftkings as rival fan duel and casinos like mgm. Caesar's and win owning content could be cheaper long-term vehicle for accruing customers then paid marketing. I mean how far have we come. Yeah that is incredible. Well it's you know and it's something that is accelerated is in the. It's part is a major part of the introduction of new masterclass in. It's something that i've been speaking about in keynotes. As as i've been doing them virtually for the most part for the last six months or so and and the the critical piece there is the trend that you cannot ignore the accelerated trend that you cannot ignore no matter. I don't care what business you're in is the replacement of digital experiences as a proxy for the physical relationship that we used to have with customers..

Brian ngo verizon first story robert mgm. first axios joe last six months Caesar times
"draftkings" Discussed on This Old Marketing

This Old Marketing

05:17 min | 3 months ago

"draftkings" Discussed on This Old Marketing

"Twenty twenty one and with me as always my good friend my colleague and the only guy who knows what that funky little ease his twitter handle. Mr joe polity you notice that hells what the hell is up with that that's awesome. Are you trying to be like super emoji. Cool guy now like put a little fire truck after your name or say yes first of all. It's completely silly. It yes and i and breaking down. Because i've had a few people say what the heck is that is at an e or what it's the it's a symbol for ether. I yes i'm aware okay. You're making them aware for it. I think i've got to have figured out. Yeah mr joe. E i to well i have you know hashtag bitcoin in my twitter pro high. No i wasn't even going to call attention to that one either but yeah yeah well. I'm a big believer in decentralized. Just waiting for i'm. I'm waiting for the job. Bullets video with lamborghini outside in the front with you. Walk out if you get into bitcoin and ether you too can have this lambeau in the middle of cleveland ohio i been i was talking first of all. I'm not. i was not early to the game here. i was earlier. No neither of us are early to this. Whole crypto thing. Yeah we are we are. We are the by. Here's the thing overall late not an early adopter but compared to everyone. I know that different. Oh my gosh. I think everyone that that. I think everyone that i know that has bought. Bitcoin probably did because i kept incessantly talking about it with them. Saying the dollar is a melting ice cube. And you need to put your cash into something integrate. Well it's you know. The funny thing is i'm i'm now you know the you know and and look i report to have very little knowledge here but i am by far in my family and my circle of friends the most expert in this area. And i'm getting all the questions right..

twitter cleveland joe first ohio Twenty twenty one
"draftkings" Discussed on WIBC 93.1FM

WIBC 93.1FM

01:44 min | 4 months ago

"draftkings" Discussed on WIBC 93.1FM

"Draftkings has them at 6 to 1 prop Swamped always has the best deals in the country because you're buying directly from other sports bettors have listed their tickets and already cash out. If you're not buying and selling on prop swap you're missing out on average sellers are making $500 a month. It's easy, just list all your betting tickets for sale on prop swamp. And let them find you buyers if they sell great If one doesn't sell, the ticket is still yours for the game. Prop swamp is the new way to win it. Sports betting and who doesn't love the wind go to prop swap dot com today and download the free APP prop swamp where America buys and sells sports bets. Come on, Come on, come on. Everybody's got something. The deeper you go. Come on, Come on. Come on. Come on, make it Everybody's.

March Madness: When To Bet on the Underdogs

Even Money

01:17 min | 4 months ago

March Madness: When To Bet on the Underdogs

"Tucker. Nfl as you can see the helmet and the game balls like that behind me. Now i got a bunch of media. Gigs several podcasts. Means a great deal to us when you spread the word. We're still sort of little engine that could if you will were not with nfl dot com or the wringer or borstal. Any of those big one. So really really appreciate when you guys re tweet. Like whatever on social media at ross tucker. Nfl we are ross. Tucker pod he is at physics sports and only at fez exports of only. He is the only two time winner of the super bowl of professional football betting that is super contest at the west gate casino again. Check him out at fezzet sports. So that's a couple of weeks he's gonna be fun because we're going to get into our recap of all of our number says we've been tracking them back to twenty sixteen. I'm very excited for that and a couple of weeks next week. We'll dive hot and heavy into the nfl free agency. But if you have if you abetting podcast you even money podcasts. You gotta talk about march madness. This week's i don't think. I realized until recently i always do. The tournament was a big deal. Steve i didn't realize how big of a deal the betting was. I thought it was a. It's fun college basketball. It's your bracket. Oh my gosh. I didn't realize how big of a betting weekend this is. Yes the public money. This is one of the rare events where the public money can dwarf what the pros are playing especially on the favorites especially when we look at the late game so you give me a late friday or saturday night game what. They prohibitive favorite like a west virginia. You know that every single public person in the book is going to go ahead and fire in west virginia in some form on the money. Line a teaser on the spread and all that. Why ability accumulates and they've been parlaying the favorites together throughout the day. So when you see day. Ross where the favorites are cover more than the dogs. By the end of the evening sportsbooks had this huge liability on their books. Potentially if the favored sweep and the final few games and because of that oftentimes you get a lot of value playing the underdogs late in the ncaa tournament. Very interesting steve. I liked that while speaking of value. And i'm telling you. I didn't even realize all the different ways. People are betting on march madness. How 'bout draftkings. By the way if you bet four dollars on underdog and they win you win. Two hundred and fifty six dollars if they went. Pick any underdog. Steve put four dollars on them. If they win. You get two hundred

NFL Ross Tucker West Gate Casino Tucker Super Bowl Ross West Virginia Football Steve Basketball Ncaa
"draftkings" Discussed on Wall Street Breakfast

Wall Street Breakfast

04:51 min | 5 months ago

"draftkings" Discussed on Wall Street Breakfast

"The firm also expects an update of long-term domestic and international subscriber. Guidance in emanate news. There are a number of votes on mergers this week the s. market. Smp global deal goes to a vote on march eleven and the alaska. Communications eight international merger goes to a vote on the twelfth draft. Kings hold its first investor day that as a public company the presentation will give the company a chance to come and what it sees as a total addressable market for sports betting in the us and the path to profitability investor. Events are also scheduled for cigna fortinet chevron and cyber ark software this week in barons mentions the stocks and themes drawing attention in barron's weekly addition. The publication makes a strong case that the pullback in vertex pharmaceuticals is overdone. Despite the slide in the stock following the cancel development of a promising drug. It is noted that not enough has actually changed for vertex to warrant the loss of confidence asleep or picking the e-commerce sector is also called out and eighteen other lund's parent be is seen benefitting from tailwinds. In the luxury market the company is growing by about seven percent annually and is set up for further expansion in the us and china and finally concerns of lows being a covid nineteen play are dismissed with cove receding lows is set to become a more profitable company while housing might be more resilient than it's given credit for just as important lows has also been a turnaround story and with life returning to normal. It can finally demonstrate how far it has come that read the rundown of the home improvement retailer and this week in our single stock focus recovering the etf art innovation which trades under a r k k recovering that with seeking alpha author who biko copycat. Riots arc deserves a lot of credit. Their performance to date has been spectacular as they were early. Movers on many investment themes and retail investors thirst for investments in areas of growth momentum or hype with valuation of relevance intersecting with the emergence of active good on them however like janice in the waning days of the dot com bubble arc has grown so rapidly and taken so much capital in a short time with assets going from three point six billion to nearly sixty billion at a recent peak in about a year that the firm has poured massive amounts of fresh capital into names. Tesla that were robustly priced to begin with and have helped push them much. Higher in several cases due to these inflows arc owns a large percentage of shares outstanding and many companies kuby continues. It's also worth noting that. In addition to funds directly controlled by our profile and enthusiasts retail investor following their moves are replicated by an followed by many investors so their influence likely result and even impact both bad and good in their holdings stock investor forms are filled with investors. Talking about arc's moves and their outlandish price targets holdings could be goes on given the selloff in growth stock over the past days and weeks. It's unsurprising that true to their nature. Some investors are starting to pull the plug whether due to emotion angry spouses or friendly calls from the margin clerk through yesterday. March third arcs flagship art. Etf has seen outflows on four of the last seven days based on my calculations it will be important to watch the daily flows in out of this etf as outflows are currently modest relative to fund size but could pick up pace if growth stocks. Continue to sell off. Cuckoo continues our had several billions in inflows at prices much higher than the current trading price of around twenty five i estimate about seven billion of net inflow since december eighteenth twenty twenty the last time the shares were in the one hundred twenty. Five dollar range is now underwater. I estimate a drop of about fourteen percent from here. Wipe out all the dollar value of investment return generated by arc in this. Etf the brunt of which would be borne by ladder investors. It's worth pointing out that. This is not necessarily a fault with arc itself. They have up until the recent growth selloff put up. Impressive return figures investors that putting capital years ago are still quite happy as for the massive that plowed in at what appears to be the peak for. Now it's looking more like this. It appears that like janice the phenomenon is yet another example of the same mistake that investors have been making for decades plowing into investments and funds after they have had an epic run over all seeking authors skew bearish on the art innovation. Etf with five neutral one bearish and to very bearish that includes this week. Stocks to watch. Thank you for listening for the best. Investment analysis and news on the web go to seeking alpha dot com. Subscribe to this. Podcast on apple podcasts. Google podcasts spotify stitcher. You can also sign up for other podcasts. Alpha trader the cannabis investing podcast. Let's talk etf's and marketplace roundtable podcast on those platforms as well have a great week..

Tesla march eleven china Five dollar twelfth draft six billion this week yesterday barron five spotify about fourteen percent eighteen apple nineteen play around twenty five both Google first investor about seven percent
United expands order for Boeing 737 Max aircraft

Wintrust Business Lunch with Steve Bertrand

00:21 sec | 5 months ago

United expands order for Boeing 737 Max aircraft

"There are a bunch of them within two C's being up so much. Boeing has been the leading gainer among the 30 companies making up the Dow industrials. Shares are up about 5% thanks to an order from United Airlines for 25 Morson in 37 Max planes. It's in a solid vote of confidence after the max is were grounded for 20 months after two crashes, Draftkings the sports

Boeing United Airlines
A Casino Chain Bets It Can Hang with the Big Dogs of Fantasy Sports

Business Wars Daily

03:02 min | 6 months ago

A Casino Chain Bets It Can Hang with the Big Dogs of Fantasy Sports

"The super bowl is this weekend. And the vince lombardi. Trophy is on the line but also on the line. If you're a fantasy sports player your money if you're not familiar. Here's how fantasy sports work you pay apu pick a roster of real players and then wait to see how they do during real games. If your fantasy wide receivers scores a touchdown and a real football game your score goes up. If your fantasy quarterback throws an interception and a real game your suffers and if you find yourself with a roster of players that just aren't performing well you're out of luck you're stuck with him for the season you can kiss that prize money for the highest fantasy score. Good bye well. At least that's how it was before you'll came on the scene over a decade ago both and you'll and its rival draftkings allow users to play daily fantasy sports instead of waiting for the season to end to see how your fantasy team does. You can switch out players everyday feeling good about tom. Brady doesn't you can pick him one day and drop in the next. That flexibility is what makes fan duel and draft kings. The big dogs of daily fantasy sports both companies are valued at over a billion dollars but a recent acquisition is throwing another competitor into the ring and this company knows a bit about hedging. Your bets the casino chain bally's announced last week that it acquired monkey knife fight. Yes that's actually the name of that company but don't laugh it off. Monkey knife fight is the fastest growing daily fantasy platform in the united states and with that acquisition bally's hopes to be able to square off against its larger more established competitors their first challenge standout in a statement about the acquisition. Bali says monkey knife fight is already doing that. He claims that rival platforms are clogged with professional daily fantasy sports players. Which makes it tougher us regular folks to win yes. There are professional daily fantasy. Sports players bally's though says monkey knife fight attracts sports fans and makes quote having fun and winning part of the experience. Another benefit of the acquisition says. Bally's is more customers. Bally's is a big name in betting and betting which all comes down to chance is very different than playing fantasy sports which comes down to skill. at least that's the argument. Fantasy sports companies have made to lawmakers right now only around two dozen states allow sports betting and for bally's that's just not enough customers but guess who already has a wide database of customers in thirty seven states where daily fantasy sports are legal. Yup monkey knife fight. The acquisition means more users in more states for bally's but fan duel draft. Kings shouldn't necessarily be sweating yet. Both companies surged in the third quarter of two thousand twenty draft kings monthly paying users topped one million and fan duel attracted nearly half a million new users that quarter. So it's fair to say that neither companies going anywhere fast because even though sports are a national pastime it looks like fantasy. Sports may soon be edging in on that

Bally Vince Lombardi Super Bowl Brady Football TOM Bali United States Kings
DraftKings, Penn National Gaming stocks shoot higher after sports betting election sweep

Bloomberg Surveillance

00:36 sec | 9 months ago

DraftKings, Penn National Gaming stocks shoot higher after sports betting election sweep

"Like draft Kings, Penn National Gaming and Flutter Entertainment rallied after a trio of states voted in favor of ballot measures aimed at legalizing sports betting. Another gaming expansion Maryland voted to legalize sports and event betting at certain facilities, South Dakota back to proposition that would allow legal sports books in the region. That's home to its casinos. As early as next year, Louisiana approved a proposition that cleared a hurdle to allow sports betting as well, It added. To invest your optimism of the growing industries potential to rake in billions Maurin revenue. The NFL is expanding the sideline

Flutter Entertainment Penn National Gaming Kings Maryland South Dakota Louisiana Maurin NFL
Washington DC - Sports Betting On Ballot In Maryland This Fall

WTOP 24 Hour News

00:33 sec | 10 months ago

Washington DC - Sports Betting On Ballot In Maryland This Fall

"On the ballot in Maryland, and the money is flowing online betting companies like Draftkings and Fanduel or on a spending spree, trying to persuade voters in Maryland to vote yes, on Question two on the ballot to allow sports betting in the state. So far, they've put close to $3 million into the vote. Yes on two group, according to the Baltimore Sun. They've already spent over two million of that on advertising, and they're not alone. The state's casinos in the Maryland Jockey Club have been offering some cash and a lot of in kind donations. On site advertising and social media support for a group supporting the sports betting initiative. Michelle Morello

Maryland Maryland Jockey Club Michelle Morello Baltimore Sun Draftkings Fanduel
"draftkings" Discussed on Niners Nation

Niners Nation

01:55 min | 11 months ago

"draftkings" Discussed on Niners Nation

"He's already got an injury. So that is a look at some of the props for the niners players this season. So just to recap for the team, we're going over ten and a half both of us feel. I feel very comfortable with eleven lukewarm comfortable with it. and. I feel like for the offense especially, Jimmy Garoppolo we're very confident going over. But for the defense, I feel like we tended to lean more on the under for a lot of these things. And I think that's just because of like you said, there's a little bit of repetition reputation here. And Vegas plays on that to try to get the best that they want. Jimmy is not well respected. So his numbers were lower than you would expect for the lines and the defense got all this pub- about how great they are and how good they're going to be. So a lot of their lines are really. Top top the NFL lines. God that was a really good quick analysis of both the points that I just made. On here for a reason rob. That's the last compliment I'm going to give you. Okay. So we want your suggestions for the bat again Lebanon thinks that no. Player on the forty niners will have a thousand yards receiving or a thousand yards rushing I. think that they're going to see somebody over one thousand yards. In some category we want your suggestions for what the payoff of the bet should be. You can hit us up on twitter an podcast I'm at stats on fire eleven is at the sports bomb DA sports bomb. Please we'll take your suggestions and I will pick out the worst possible one because I think is going to have to do it. That's going to do it for us. Join US next week, we will be in full preview mode. We are so close to the start of the regular season. I can't wait we'd like and subscribe to the podcast wherever you get your podcast five star reviews always great relief nights things thanks for joining us and we'll talk to you next week..

niners Jimmy Garoppolo US twitter NFL Vegas Lebanon
"draftkings" Discussed on Niners Nation

Niners Nation

06:53 min | 11 months ago

"draftkings" Discussed on Niners Nation

"This is a team that has too many quality options. Yeah, that's the thing I think people need to remember to. You don't need to repeat last year's performance for the team to be better like individually, they could all have worse years than they had. But because the new additions and the guys coming back team in the offense could actually function better than it did last year. Right. I mean I. Think the the. Days of being a record setting tight end receiving wise are behind him. That's something that happened because of how bad the team was. A mini set the tied-in yards record in a season because the team was so bad kyle. Shanahan. Is Not somebody that is going to. have kind of tunnel vision and just keep force feeding the same guy. He's GonNa. Call play that's designed to give. His quarterback options. He doesn't design play unless it's like a wide receiver screen to say this guy's getting the ball. To more players I want to get to before we go I is Nick Bosa his sack total over under according to draft kings is half I, take the under on that I feel really good about it. He's GonNa get all the attention from everybody this year. Measuring both of success just by Saxwood be a terrible way to do it he'll still get some but I don't think he's getting more than ten and a half. Yeah That is one that I probably would take the under as well. It's tough but I think you're right in it. He's probably going to be double teamed every single play and teams are going to say you know somebody else is going to have to beat us and then you also have to factor in that he doesn't have elite speed there. He's not gonNA chase down. A kylo Murray who he has to play two games, a Russell Wilson who he has to play twice and then. We already mentioned Joss. Allen. Here's a lot of scrambling quarterbacks on this. Schedule And he's not one of those. That's going to catch them from behind. So I think that's GonNa make it difficult for him to have the eyepopping sack step that doesn't mean that he's not going to dominate. NBA A massive factor and be the best defensive player. For. The forty niners. Point about the quarterback say play keiler Murray Russell Wilson Aaron Rodgers Josh Allen Cam Newton even Dak. Prescott can be pretty mobile when he wants to be there's a lot of guys out there that you're to have to earn it if you want to bring them down and yeah to say he's GonNa do it eleven times, which is what you would need to get the over I. Don't think that that's a safe bet. For both of this year. All right. Last one D Ford, and this is one that you and I were talking about percentage of snaps played this year I'll put the over under at forty nine and a half percent and I will take the under because I've said it to you and I've said to other people and other podcasts I don't think de Ford is ever going to be fully healthy again and I think number one, his body is not going to let him play enough and I think the niners are really going to rest him in in a lot of spots and try and save him for December. January football. Yeah I would agree with that. I think you definitely take the under here especially with him already having A. Training Camp Injury that Aman Shanahan and came out the other day and said that. He'd be really surprised if he doesn't play week one, but it's at least a question already I mean it's a question of whether or not default is ready for week one and I do think that there. There's going to be. A significant amount of resting like you said, I think that he could be. In. A lot of games used as basically a third down pass rush specialist I mean he doesn't play on first and second down I mean he's technically not a starter for the forty niners. I mean technically started only two games out of the I forget the total to out of eleven games or whatever. It was last year that he played because he he doesn't play on first down a lot. They slide eric debt to the outside I down and that means D. Fort Technically doesn't start and I do think that they will basically use them when they need him. And try to take much off as they can. And that means that he's just not going to get the snaps the you would expect for a guy that's getting paid is. Yeah and it's amazing for a guy that could play fewer than half the snaps on defense. He's he could be key to the entire success of that unit. It's pretty wild when you think about it. And I think I think it's amazing like I went back. Looking at his nap counts, he played two hundred and thirty nine total snaps last year, which was just under twenty three percent for the niners. And I was like, what how much does he play for Kansas City? So I went back to the previous year when he was in Kansas City. Those guys used and abused him. They knew they were not. They were not gonNA keep him in any shape form. They played them eighty seven percent of it snaps. Now while I don't know how much our listeners know about snap counts but defense suppliers especially on the defensive line, don't play every single snap somebody like Nick Boza. Didn't play that percentage of snaps for the niners last year. Defensive players on long drives need a break especially those in the trenches. eighty-seven snaps is a team that is saying basically says. What is going to use an abuse you? Signifies when a defensive lineman plays that amount of snaps. Now he was a linebacker sort of for them, but he rushed into the backfield every single place Kansas City. It's amazing to me that he was able to do that. Like that that really. Bothers. Me still bothers me right now I was like, wait a here's gave up lane eighty, seven snaps eighty, seven percent of the snaps for them, and he can't even get a quarter for the niners. It's not his fault and he's a good guy but it's like cheese I'm sitting here thinking, can he play forty to fifty percents of the snaps because if he can the niners are in great shape and he played twice that percentage The year with Kansas City before he came over. Yeah but there's there's diminishing returns with that right like if you're chopping down a tree and you're using a saw on your song away. So on away. So in a way, the saw gets dull after a while you're better off stopping for a little sharpening the saw and then resuming cutting down the tree eventually. Yeah. You're in for eighty seven percents of the snaps. But how much energy do you have on those snaps will kinda Russia are you able to generate because you're just so tired? Well he did have fifteen and a half sacks but anything ideally for de four-day would be him playing fifty to sixty percents of the snaps I. think that's the perfect spot for him and for this defense, but at I don't have. Much faith you're going to get it..

Kansas City Murray Russell Wilson Aaron Ro Aman Shanahan Josh Allen Cam Newton NBA Nick Bosa Russell Wilson D Ford kyle Saxwood Joss Russia Nick Boza football Prescott
"draftkings" Discussed on Niners Nation

Niners Nation

02:23 min | 11 months ago

"draftkings" Discussed on Niners Nation

"Came and had those and they paid me five dollars to eat one which really pissed off my mother. But I remember trying to cool my lips and had those and they paid me five dollars to eat one which really pissed off my mother. But I remember trying to cool my lips I went and got an ice cube is cube got stuck to my lips and I had to rip it off because of the heat to. To the cold of the ice I am not doing these bats I. I did when I. was like six seven years old I'm good. All, right. Well, we got to come up with terms for something about how people can tweet us was suggestions and we'll figure out something. We'll come back next week in our season preview and have one. Okay that's good. You hit us up at. PODCAST. At Da Sports bomb is Levin I'm at stats on fire we will take your suggestions I want to see the Leban- humiliated basically Okay. Let's go to the will touchdowns over real quick over under his seven. Here's the thing about that. That'd be more touchdowns than George. Kato ever had a season in his entire career he's never had more than five. I'm taking the under I think he's I mean kills the Guy Getting all the attention and the red zone wherever he goes plus they need them to block a lot of the Times which I think. They're still GONNA do because their offensive line is still in shambles I. think that there's no way will gets to seven. I would pound the under. That's tough because he's such a good player I mean. If I'm not mistaken. I saw this. About a week ago, I think stat was. touchdowns of I want to say it was fifty yards or more. I. Can't remember the exact number yards, but it's basically super long touchdowns. Here's the most of any player in the league the last three years. So a lot of his touchdowns have come in that manner, which is not something to count on <hes> and I also think factoring in on this is the fact that I think Kendrick born is the red zone specialist receiver <hes> and we seeing reports and training camp of him dominating in the red zone in that manner. So I think this is one it weird to say and based on what I just said on the last segment with his yards. People are probably going to start saying that I'm a big kindle negative 'cause I'm saying he doesn't get over a thousand yards and I don't think he gets the seven touchdowns either. But I just think that this is a team that has too many quality options. Yeah, that's the thing I think people need to remember to. You don't need to repeat last year's performance

"draftkings" Discussed on Niners Nation

Niners Nation

04:14 min | 11 months ago

"draftkings" Discussed on Niners Nation

"During the playoffs when I went back and kind of looked at where they were ranking, they allowed fewer passing yards last year than any legion of boom team. It's literally the best secondary results, wise Sherman's overplayed it. And they didn't get a single interception from their safeties in the regular season. Right. It just goes to show you how great that defense is because I don't think. I think the secondary players by themselves are decent I? Think they're. Above. League average overall as a group but I don't think you know they are. This dominant all-time, good secondary that you would seem think when they allowed the fewest yards and eleven years, it really speaks to how good the niners are everywhere I mean they have. I don't think there's much of a question healthy. They're the best defensive line in the league they have one of the best linebacking cores in the league and then their secondary. The results wise. They're the best in the league. That the is allowed one, hundred, sixty, nine passing yards per game last season the Patriots were second at one, hundred eighty. So that is basically a first down less per game allowed by the forty niners defense. All right. So those are some of the team props. I WanNa take a little break. We dig dug into some of those. Let's go a little deeper. Now let's go down the rabbit hole and checkout what Vegas thinks the niners players are going to do. We'll get to that next. All right. Let's dig in now individual player props and we did make a couple of ourselves but I'll tell you when those are for right now these are from draft gangs and Jimmy. Over underpass yards on the season is thirty, seven, hundred and a half. I saw that number I was Kinda surprised because it's less than last year. It's less yards than when he passed for last year and anything everybody's expecting more passing yards that. Factored in the chance of an injury into this but to me, it's a really odd line because you would think people are hammering the over on that I mean. The guy should have more passing yards in the last year when he didn't even have five hundred passing attempts last year in for a guy, the played every meaningful snap for his team. That's an extremely low amount. That's an amount that you hear from back in the nineties not in the past happy that he see now. That's two hundred, thirty, one yards a game basically little more than that. But that's basically what it comes down to I. Wonder if there's a little. recency bias right like. Garoppolo. Had A disaster of a fourth quarter in the Super Bowl. He didn't throw the ball at all in the NFC championship game and really in the divisional round against Minnesota they ran it so much that I wonder if people are saying the niners are just GonNa pound it and Kyle doesn't trust Jimmy to throw it so we'll put it at thirty seven hundred. You would think Vegas knows what they're doing though that's the weird thing to me. That had any kind of take a step back when when I saw the line, a Vegas knows what they're doing I mean, they don't necessarily pick a line. Based on what they think is the closest to what in reality will be I mean they break a line Based on what's going to get action did they think they can win while when they have a number? That's low. It's A. Couple hundred yards lower than last year. He fell just shy four thousand yards last year. That to me means. They are very, they've no confidence in Jimmy Garoppolo. Vegas doesn't because they're they have a number so low that they're really encouraging people to hammer it over. And they think they can win money that way. He had two, hundred, thirty, one yards a game case you're wondering that's basically Sam Darnold last year threw for two, thirty two. So of like if you think Jimmy Garoppolo is going to beat Sam darnold level. But that's I can't I have to take when I look at it like that to me I have to go over maybe that's just my homer is coming through there but Jimmy's a better quarterback than San..

Jimmy Garoppolo Vegas niners Patriots Sam Darnold Sherman I. Wonder NFC Minnesota San Kyle
Michael Jordan takes equity stake in DraftKings, becomes adviser

Tony and Dwight

00:14 sec | 11 months ago

Michael Jordan takes equity stake in DraftKings, becomes adviser

"Michael Jordan has taken an equity stake in Draftkings Thie Online Sports betting site and he'll become a special advisor to the company's board of directors. She is the draft kings are up 14% on the news.

Michael Jordan Draftkings Thie Online Sports Special Advisor
Michael Jordan Takes Stake in DraftKings, Joins as Adviser

Bloomberg Surveillance

00:28 sec | 11 months ago

Michael Jordan Takes Stake in DraftKings, Joins as Adviser

"Really have to begin with the most active stock in early trading draft Cain's the shares are up about 12%. Pro basketball Hall. Famer Michael Jordan was named as a special advisor to the sports Betting Companies Board draft Kings said Jordan will buy an unspecified equity stake. It gets interesting because he's also the majority owner of the NBA's Charlotte Hornets. So we'll see how this all shakes out nonetheless, Draftkings up in early trading, for sure.

Michael Jordan Pro Basketball Hall Charlotte Hornets Cain Sports Betting Companies Special Advisor NBA Draftkings
Betting Platforms and Casinos Double Down on Online Gamblings Future

Business Wars Daily

03:53 min | 1 year ago

Betting Platforms and Casinos Double Down on Online Gamblings Future

"If you're a sports fan who likes to place better to on your favorite team chances are you've heard about rival sports betting websites, draft kings, Fan Duel sportsbook each started out as fantasy sports sites. You could build your Dream Team of players and compete against other fans fantasy teams. Then, two years ago the Supreme Court struck down a law that banned sports betting in most states, both companies added sports betting to their offerings. Now, you can make bets from the comfort of your home as long as you live in one of the twenty two states where it's legal. There's big money sports betting draft took in more than three, hundred, million dollars last year, they went public in April Fan duel earned more than four hundred, million dollars in revenues last year. But since the early weeks of the pandemic, both companies have run up against a big problem finding sports debate on. Professional Sports Leagues Have Been Canceling Seasons, and even those leagues that are still playing or canceling games due to cove it outbreaks as we've seen in baseball that's caused significant revenue hits both companies to keep money coming in. They've been getting creative both draftkings fan duel or now offering odds on almost anything they can find bet on who will win this Ukrainian table tennis match how `bout a another Taiwanese. Baseball game. If you're really daring, you can even wager on the weather forecast accuracy. The companies offered free and paid prize pools. Candidate would bring up the corona virus I during the Democratic primary debates. What about how many tweets would trump post during the debates who would win top chef? Still it wasn't enough to offset their losses but now there's another big moneymaker in the digital gambling space online casino games currently just six states allow online casino gambling, but that didn't Stop Board housebound casino. Lovers. From. Showing up in force as they looked for ways to entertain themselves at home. In fact, the surgeon people playing online blackjack poker and slots called gaming helped online casinos rake in a record breaking four hundred and two million dollars during the second quarter that according to business insider. Now, that's triple last year's total and helped offset the company's losses from canceled Sporting. Events. The surge in online casino gaming has given Fan Duel and draft kings and other outlet in order to get in on this action gaming regulations in some states require them to partner with casinos. Fan Duel entered the arena in January offering casino games. Through the fan you'll sportsbook APP in Pennsylvania in June launched its standalone Fan Duel Casino APP draftkings had blackjack game in its sports, APP last year. But in July, it went all in with draft Kings Casino, which is available in New Jersey Pennsylvania and West Virginia. But the sports betting sites have a lot of competition from big name casinos like. And Caesar's which run bet MGM, and Caesar's Casino Dot Com Casino Company's Rush Street interactive in Golden Nugget online gaming have announced plans to take their ide gaming businesses public and the Wall Street Journal reports caesars entertainment is thinking about it too. That's a lot of money and lobbying muscle doubling down on online gambling. But expansion into more states won't come without dissenting voices, Keith White Executive Director of the National Council on problem gambling thinks easy access to online betting and games will lead to more gambling problems in an interview with the Wall Street Journal he said gambling expansion should be subject to extensive public debate and as with any proposed legislation to many dissenting voices could mean that all bets are off and the pandemic inspires. Some questions to will gamblers prefer the convenience of betting from home even after sporting events, resume and casinos are fully open for online gambling companies. A lot riding on that answer.

Casino Dot Com Casino Company Baseball Wall Street Journal Caesar Supreme Court Pennsylvania Keith White Partner MGM New Jersey Golden Nugget Executive Director National Council West Virginia
Tesla Rivals are Moving Into High Gear -- and Going Public

Business Wars Daily

05:29 min | 1 year ago

Tesla Rivals are Moving Into High Gear -- and Going Public

"From wondering I'm Elaine Appleton grant and this is business words daily on this Wednesday August Nineteenth David Brown's on vacation. Tesla has long had an image of being in both good and less good ways without comparison. CEO? Elon Musk stands out for his big vision and sometimes quirky behavior, and until now anyway, Tesla's all electric vehicles have stood head and shoulders above the competition coming from traditional automakers. Competition what competition I can almost imagine musk saying. Oh, but there is plenty coming tesla shares soared two, hundred, fifty percent this year. The company is now the most valuable automaker in the world according to. CNN. That's because Tesla which went public ten years ago is finally profitable. Tesla had a record twenty nineteen in posted its first annual profit last year despite the pandemic it's been profitable this year as well and that kind of performance and the stock market's reward for it is convincing more and more electric vehicle makers to go public and to try to woo customers away from Tesla last week, Ohio Electric Startup, Lordstown Motors Corporation, or L. M. C. said, it plans to go public by the end of the year. It's ticker symbol ride. If the deal goes through, the company will be valued at close to one point five, billion dollars. So who is Lordstown Motors to burst on the scene this way? L. LLC is a spinoff of another electric truckmaker called Workhorse. GROUP LORDS DOWN CEO Steve Burns is the former CEO of workhorse with LLC Burns resurrecting a project that we're course didn't have the money to do the company plans to release an all electric full-size pickup truck the Lordstown endurance in the second half of twenty twenty one that's according to journalist Alan. Adler, writing for trade publication freight waves. The truck will have a range of about two hundred fifty miles on a charge the same as Tesla's sci-fi looking cyber truck it'll toes seventy five hundred pounds alums. He says again, just like the chuck, the endurance will start at fifty two thousand dollars a good deal more than the cyber forty thousand dollar base price. But UNLIKE TESLA LLC plans to sell the endurance to commercial customers buying fleets of trucks since revealing the prototype on June twenty-fifth Ellen Mc says it's received more than twenty seven, thousand pre orders. That's one point four, billion dollars worth of trucks. NCO Burns says its first years worth of trucks are now sold out. That is if it can raise the money, it needs to actually make them l.. AMC. Bought the Lordstown Ohio GM plant that shutdown last year when GM killed the last Chevy Cruz that six million square foot plant needs retooling, which is costly MC plans to raise about six hundred and seventy five million dollars through its IPO. That boatload of cash could help it come through on its boast to be first to market among a group of EV pickup truck competitors in addition to Tesla that group includes Ford GM Nikola and Arabian a company backed by Ford and Amazon. So, here's the obvious L.. He doesn't yet have a product just a prototype if you're wondering how the young startup can go public without a product you should be. L. EMC is one of a handful of electric vehicle makers employing what's called a reverse merger that means the company that plans to make a product like LLC hooks up with the so-called blank check business. It's also called a special purpose acquisition company. SPAC. Is doing the reverse merger with a blank check company called Diamond Peak Holdings. Diamond peak is already publicly traded that means when the merger occurs. LLC. MC becomes public sort of like easing into a coat someone else has been wearing. This back door IPO method is easier for companies to do. They don't have to produce expensive roadshow's. Also, avoid a great deal of financial scrutiny by the SEC. One of the most famous reverse murders was Richard Branson's space company Virgin Galactic, Holdings and Fantasy Sports Company draftkings went public in a three billion dollar reverse merger. Last year according to the A. Times. The number of reverse mergers hit a record high last year. That's because the IPO market was volatile and high profile IPO's like Uber Fared. Poorly. It ain't cheap to build a new car company but Tesla's successes inspiring other entrepreneurs to try and they need oodles of money that helps to explain why another electric truckmaker nickel motors used a reverse merger to go public in June and vehicle-maker. FISKER has a reverse merger in the works. The is green truckmakers may see these back door IPO's as the speediest way to raise the cash needed to fight he'll in musk and rapidly launched their new products. Tesla's promising to deliver the cyber took by late twenty, twenty one which means that the deadline to beat yes. It may be tough to knock Tesla on it's pedestal, but LLC and a raft arrivals are sure going to try.

Tesla Tesla Llc Elon Musk Ellen Mc CEO GM Ohio Adler Diamond Peak Holdings Lordstown Motors Elaine Appleton Nco Burns CNN Llc Burns Lordstown Motors Corporation Steve Burns David Brown L. Llc AMC
"draftkings" Discussed on MarketFoolery

MarketFoolery

10:10 min | 1 year ago

"draftkings" Discussed on MarketFoolery

"About that but I think that you know you can take a long-term view on on this company sports. We'll come back which sports do come back. I whether they are fans there or not It may be the case. If you WANNA get bullish about this company that all the people that spent money going to games Will have that money in their pockets and will spend it betting on a game that they aren't attending Maybe also draftkings has online casino blackjack and slots which I have never really understood not to Downplays slots for those that like to do that but You know I think online slots strikes me as A. I don't know I can't get excited about how I would experience that draftkings that there are people who disagree and are doing so at home and and all that can't go to the casino and need that that fix They may be benefiting from that right now. What sports do you think are going to be coming back and went? Well I I just want to hear a bit of a sports fan. I am a bit of a sports fan. Although I do want to comment I I think you're absolutely right about slots because to the extent that there is an appeal in playing slots it's in the physical action of either hitting the button or pulling the lever or whatever it is and so do you suppose they have all those noises going on the draft kings APP. While you're playing slots I mean not just when you hit. But the whole background bling bling bling. You know I think you would have to. I mean that. That's a missed opportunity if they don't have that. This is one of those times when I feel like I could go down and really savage this experience but I feel bad because there are people who love to play slots and I would just be revealing that I you know I would come across as looking down on on that but I do think at home you know it loses a lot of all the Casino Games. Perhaps it is You know to me hockey is that thing which loses the most by watching on TV versus being their slots may be the thing that loses the most by at home versus in the Casino so in terms of sports Yeah I'm paying close attention to the dribs and drabs of news that comes out about the NBA and the attempts to get back to either finishing out the regular season or starting a playoff series or something like that as you said Major League baseball boy. That's the politics at play for Major League. Baseball is interesting to watch between the owners and the Players Union and I think we all who are sports fans are looking at the NFL and trying not to think too hard about it or at least. That's how I approach. I'm trying not to think too hard about the NFL because I would like the NFL to start on time. And if I think really hard about it I'm probably GonNa talk myself into how that's not gonNa work either so I don't know I I think. Baseball has a better chance of me. Becoming up with a shortened season with every passing week it becomes less and less likely that the NHL in the NBA. Do anything other than say this is. We're canceling this season. In the same way that Major League baseball in Nineteen ninety-four they had the strike and they just canceled the rest of the season. Obviously for different reasons than what's happening but I think that I think we're we're getting pretty close to that happening with the NHL so a three or four different sports to address their one. I would agree based on my limited knowledge of the NHL. They're likely to just give up. Because I think if you get into June or July and say okay. We'll we'll have a shortened a playoff series here in July. It just strikes one as a little absurd for hockey whereas I think basketball they could string this out for a long time. They could just take the top two four teams based on their standings at the suspension of play and even in July. There would be excitement for were that that sort of shorten playoff series and it would still be good money for the NBA Football I'm going to bet that football comes back. I'm going to bet that it comes back and this may not like the greatest argument for it and I'm not arguing for it but the dangers of playing football already are so high. Transmission of covert is like a drop in the bucket compared to the dangers. That players actually assume going on the field The over under for an NFL season Where there's good testing of players? There's obviously tremendous contact but the these players are all young enough or not in the camp where we're cove itself is a high probability lethal event. Playing the game of football is a high probability lethal event so I would say that there are pressures Both business and you know the just the the mentality of the game that make it more likely for football to come back then medically would be recommended. Let me close on this and Obviously you have a legal background. You're a lawyer once upon a time and you can answer this question as a lawyer or you can just answer it as a regular person if the NFL comes back. Let's just stipulate that there will not be fans in the stadium when the Games are being played. Which means that. We're we watching at home are going to be able to hear so much. More of the talking on the sideline and on the field than we did previously. Let's say you're in the boardroom. The conference room at CBS OR ESPN or Fox. Whoever's broadcasting these games NBC? And it's like okay. We gotta talk about the profanity. We we gotta talk about the language. Because look there's going to be a lot of profanity during the. What do we do with that? Do we just let that go or or do we have to believe that out because the roar of the crowd is not going to overwhelm the sound. The talking on the field. What do you do with that? Where do you come down to go around the conference? Rooms like bill. What do you think we should do about the profanity? We let that fly you you you get on the phone with the the FCC and you say this is how it's going to be. Don't you think we should be having these games on? I think under the current administration you would get accommodation from the FCC to to you know that there's there's only so much you can control and you talk to the coaches and owners and players and say hey. Let's let's try to behave here. All of your contracts and money depend on not going overboard but I think you you clear it with the FCC ahead of time throw a little disclaimer at the beginning of again. If you're a question for you like a laugh track for comedy Would you be piping in crowd? Sounds during your broadcast? I would not pipe in the sounds as part of the broadcast. But if the home team decided we're gonNA pipe in sounds for the stadium that you know. That's that but I'm no I'm if I'm if I'm the executive at one of the networks Dell. I'm not typing in south. No no test it I clearly. I'm not a fan of laugh tracks and I'm not and so no I would know now. Now if I were the home team I would absolutely pipelines out now. You don't think you're a fan of laugh tracks but of have you. Have you tried watching this show? Saturday night live lately not lately now. They've been doing it at home as you may have read and with without laughter. It's a it's a different experience in many ways but I think that they've always been piped in some laughter there and the live audience. Jerry Jerry You well about Lorne. Michaels comedy legend Lord Michaels. Piping in laugh tracks is is I think I think you'll find a lot of experimentation going on when there's no crowd. Well hopefully we get a chance to see it because hopefully sports are going to return all right Bill Barker. Thanks for being here. Thank you as always people on. The program may have interest in the socks. They talk about on the Motley fool may have form recommendations for or against you know by yourself stocks based on what you hear. That's going to do it for this edition of Marketable Radio Shows Mixed by Dan boy and Priscilla. Thanks for listening you see..

NFL NBA Major League NHL Baseball football FCC Jerry Jerry Bill Barker Players Union Lord Michaels basketball NBC Dan boy CBS Football executive Fox Dell
"draftkings" Discussed on MarketFoolery

MarketFoolery

13:20 min | 1 year ago

"draftkings" Discussed on MarketFoolery

"It's Thursday may fourteenth walking markets. Hillary Chris Sale joining me from far far away. It's Bill Barker good to see you good to see you. It's not that far place in half an hour. Come on over man. We'll do one of these in my basement. This'll be great. We've got some earnings. We've got some big. Let's charitably call it not exactly earnings and we have a special anniversary tied to the business world. We're going to START WITH CISCO systems. Third quarter profits came in higher than expected shares of Cisco of four percent this morning and for a company that did twelve billion dollars in revenue in ninety days. It's hard to get excited about Cisco Systems it is you know in a lot of ways. It's been hard for a long time. They peaked early. Most Valuable Company in the world at one time for those of us that remember the Dot Com era and Cisco remembers that they referenced that In either their conference call word or some of their comments on. You know that having been a much harder time for them to get through the then this or or much very much different They were at the epicenter of the DOT COM bubble as as they have put it and now they're they're one among many define their business Changed not entirely for the better but they're surviving well enough and Yeah it's it's hard to panic. It's hard to get excited here although it would seem as though when you look at everything. Cisco Systems does in terms of networking with more and more large companies. Talking about enabling people to work from home. I don't know this. This seems like the seems like the next five to ten years should be set up pretty well for Cisco Systems to succeed. Yeah the network services more and more important security software as well of the video conferencing tools if only if only they had been As successful with that as they might have been. It's certainly been something to. That's that's grown during this time but As you and I know from having used their product once upon a time and having moved to zoom as have so many others they they have a good chunk of that business but not as good as it could have been if their product have been more More successful really. Yeah Cisco Systems had the Motley Fool's business with webex video conferencing they had us and then they lost us. Yes and you know. I've seen a few things on Webex during this time but really not not what They would have liked in terms of market share. And so it's a it's a decent Growing part of the business But as as you said that they they did a little bit better than expectations but expectations had been brought down. So when you hear that this earning season somebody beat expectations. understand that Probably those are not the expectations that were in place at the beginning of the year and Cisco would be one of those companies in its stock really would would reflect that as well. It's been a nice little recovery from the bottom But it's still still offering about Fifteen twenty percent from Or more from its fifty. Two Week is really right in about the middle. The stock right about the middle of its fifty two week range Hide Alot so Good enough quarter stocks up. Five percent market was pleased with the actual bottom-line earnings here and Cisco's Position to continue to be a player. You know in all these Security and video conferencing networking services. But they have to be pretty nimble as as you know it may be more of a work from home future than what they were prepared for. And I think that the to the extent that anyone wants to put Cisco Systems Aung watchlist. It's the list of companies that you look at their results. And you say okay. Dip ME IN TWO QUARTERS. They need to follow up the results of this quarter with. I would say at least two more quarters of somewhere in the range of solid to surprising growth and if they can do that then I think maybe somewhere early twenty twenty one. It starts to get interesting for investors but at this point. It's hard to get excited. That's a lot of what I mean. We can't feel too. We've down played the excitement of Cisco and our level of excitement. It's still close to two hundred billion dollar market CAP company You know it's done way more things right than wrong over its history and You know it just as sort of piqued in some ways. A long time ago twenty years ago and so it it becomes harder. You know to check back in on twenty years later and find you know an avenue to get really excited. Shares of Smile Direct Club down eight percent this morning. The first quarter loss was bigger than expected. And we probably shouldn't be surprised by this right. I mean non essential medical and dental procedures are on hold and smile. Direct Club is essentially in the business of non essential procedures. Yes and it like others is finding its business. Plan shifting right now that is They have a you know a service where you can get a kit sent to your house and do your own evaluation with their kit as to whether you would benefit from smile. Direct and and how They've also got the smile shops which are In in malls in temporary locations they have the advantage as they point out in in their report of being able because they are on month to month leases for almost all these to just sort of. Shut down these. These small shops where people would come in and have a dental technician. Do the procedure for them to evaluate whether They could use smile direct so they've saved money on that they've saved money cutting back on spending But they are not getting the same sort of sales as as they were you know plotting their growth path for their moving that to more you know at home and so maybe that's in the long term. Maybe that turns out to be an opportunity. They weren't expecting to be as good as as their hopefully finding it is right now. There are a lot of industries that we talk about. Where at some point? We will say something along. The lines of this is not a zero sum game you look at video streaming and there can be more than one winner people are. GonNa people are going to and do have a subscription Flix along with a subscription to Disney plus. This industry very much seems like a zero sum game. If you're spending money smile direct club than you are not spending it with a line you know. And by the way align technology is a company. That's about six times the size of smile direct clubs so this this really does seem like there's only going to be one winner. Yeah I think to use both at the same time would involve. I Dunno some sort of bizarre Halloween costume that I can't quite picture but I'd like to throw it back to you. What would that look like? I don't know I I would involve maybe a bizarre Halloween costume. Also money more money than you need to spend and most Halloween costumes. Sure and presumably some pain. So I don't know we might need a consult from someone at party city or something like that. So you know the the sort of invis- line which has got the brand I think Align Technology and is higher end in his more through sold through. Dennis offices and smile direct is a little bit more. You know the lower end of targeted experience and so It's true you you're either using one or the other if you're if you're going to use non metal braces Us One of these companies You really can't. I duNNo. I suppose you might fail with one and then try the other but It's it's not bad growth ten percent I think Revenue Twelve percent shipments Year over year. So there is some growth there Places OR OPENING UP. The smile shops are likely to open up as you pointed out. Initially this is highly discretionary So.

Cisco Cisco Systems Aung Smile Direct Club Direct Club Hillary Chris Sale Bill Barker Webex Align Technology Valuable Company Disney technician Dennis
What Happens to Gambling When Sports Shut Down?

Morning Edition

00:58 sec | 1 year ago

What Happens to Gambling When Sports Shut Down?

"The loss of more sports also left a void for those that take bets on the games the sports books Johnny Avello says the cancellations left draftkings the task of replacing what he estimates was eighty to ninety percent of its traditional business he's the company's director of race and sports operations no NCAA basketball tournament NBA NHL or cancelled baseball never got started so we had a look for content and we found it they did all right that's checked table tennis draftkings spokesman said more than half of the total dollars people are putting down on the sports book Ron what most Americans call ping pong the pandemic as consumers looking in the unlikeliest of places for action draftkings is offering free tools where users can pick what they think will happen on the next episode of top chef or jeopardy whether it's check table tennis or baseball out of Taiwan which additional sports on the sidelines that is will take what they can get

Johnny Avello Director NHL Baseball RON Taiwan Ncaa NBA Draftkings
"draftkings" Discussed on Motley Fool Money

Motley Fool Money

05:05 min | 1 year ago

"draftkings" Discussed on Motley Fool Money

"They did. In the past doesn't matter I would avoid those companies in this time at least for us you know. I always love coming up. We've got a couple of stocks. You can add to your watchlist stare at here. You're listening to Motley fool. Money as always people in the program may have interest in the stocks. They talk about it. The Motley fool may have formal recommendations for against by herself stocks based solely on. What you here. Welcome back to Motley. Fool Money Chris sale here once again with Jason Moser and Ron Gross. Our email addresses radio at fool DOT COM QUESTION FROM. Bill Davis writes individuals are often advised to establish and maintain at least six months of expenses as their emergency fund. Is there a similar? Guideline that companies should be trying to observe so they can meet emergencies. Like this is a good question. Ron Because a lot of companies need cash especially when things get tough for sure companies are not dissimilar to individuals. It's recommended that companies have three to six months of operating expenses in cash. So if they need to They can withstand certain certain short-term storm there's also a bold ratios that companies investors can look look at current ratio is assets current liabilities. You want that to be greater than two. Quick ratio is liquid current assets divided by current liabilities. And you want that to be greater than one. And those are indications that companies can meet their short term liabilities or nothing like a Lotta ratios to make some audio gold or let's get to the stocks on our radar and our man. Dan Boyd is going to hit you with a question. Jason Europe I. What are you looking at this week? Yeah keep an eye on massimo ticker as M A S I. This is a medical device company focused on non invasive monitoring technologies in Haas in hospital automation automation solutions so pulse ox symmetry which is one of their Forte's they're measuring the oxygen levels in the blood an example of what they do the stock has had a tremendous year to date up thirty percent and ultimately I think that's because the hospitals need their equipment to do their job They have a great razor Blade Model. Where they get these Machines into the hospitals and then they have the consumables that they that they keep on selling. And so I'm going to be very interested to hear their earnings. Come out in Next next week on the twenty eighth. I'm going to be very interested to hear their take on on hospitals demand during this crisis particularly as we see you know the pressure relieved a little bit As as you know cove admissions start start to fall down up seeing some investments made in telemedicine remote healthcare as well They are calling for their first one billion dollar revenue year this year in twenty twenty and won a seat. They're still holding to that when they report earnings Dan question about Massimo. Yes so when I was first told that we were going to be looking at Massimo. Thought we were looking at Maasim. Oh the target level fashion brand of which. I have a couple of pieces here at home. So Jason my question to you is who you got for the future. These healthcare companies or mid level retail fashion brands. Well listen I love me some mid level fashion retail Dan. But I'm going to healthcare all the way. Massimo's a stock I owned and I might buy a little bit more Ron Cross. I shouldn't have made fun of you for the ratio thing. He said that was very helpful. So I appreciate you now. I'm a big narratives. The next guy. What do you look at it this week? A Stock I recently started to look at. And it's basically 'cause I've been watching a lot of TV. Quite frankly is Roku R. O. K. You aggregate of streaming services active accounts recently up thirty seven percent streaming hours up forty nine percent now. The advertising side of this business is really important. And that's what I need to understand more Determine if I want to make an investment here they get a percentage of the advertising placed on their hosted channels they get all of the advertising revenue on their own roku channel but the CEO said obviously in this market could be marketing. Spend disruptions so I wanNA understand that a bit off about thirty percent from its high. But it's been on fire since it's twenty seventeen. Ipo Public Fourteen has won twenty four Dan Crush Roku Ron. Can I watch live sports when they come back of course on a Roku without having to worry about blackout researches you would think I would know that but I don't quite know that yet I think there's always blackout restrictions in in in some areas and that's just the nature of the game but that is one thing I will look into as I'm looking at the advertising. Dan What do you want to add your watchlist Dan? Well I'm certainly not adding Roku after runs complete lack of just a radar stock. My friends as much as cheap t shirts. I'm going with Muslim. Oh well that's back-to-back. Hey Now Jason. Those gross guys. Thanks for being here. Thanks Chris Thank you. That's going to do it for this week's edition of Monty Fuller Money I'm Priscilla. Thanks for listening. We'll see you next week..

Massimo Motley Jason Dan What Dan Boyd Jason Moser Dan Ron Jason Europe Ron Gross Bill Davis Maasim DOT Ron Cross Chris Haas Forte CEO
DraftKings Strips Former Bachelor Contestant Of $1M Prize

WBZ Afternoon News

00:45 sec | 1 year ago

DraftKings Strips Former Bachelor Contestant Of $1M Prize

"Boston based draftkings will not give a former bachelor contestant the one million dollar prize for winning an online fantasy football contest after she and her husband were accused of cheating but draftkings a millionaire maker contest involves picking up a line up of players from the NFL's four wild card games jade Roper Tolbert beat the more than one hundred thousand entries to take the top prize but some of the fantasy sports community were quick to allege that she coordinated with her husband the Tanner Tolbert to submit more than the maximum one hundred fifty entries Roper Tolbert was no longer listed as the winner of drafting statement says the company decided to update the standings for several contests but did not

Boston NFL Roper Tolbert Tanner Tolbert Football
'Bachelor' alum Jade Roper Tolbert loses $1M fantasy football prize: report

CBS Sports Radio

04:01 min | 1 year ago

'Bachelor' alum Jade Roper Tolbert loses $1M fantasy football prize: report

"Something crazy an unbelievable just happened this week it involves a reality star football in a million dollars so here's what happened there's a woman name jade Roper Tolbert now she was on the bachelor shoes I guess he was a contestant on the bachelor now what happened is jade was playing some daily fantasy football and you won this was a the twenty dollar contest in you win that you put in for twenty Bucks you win fifty whatever she won a million dollars she got first place in a million dollar contest with draftkings and how did she do that well she had the maximum amount of submissions because daily fantasy is it playing Dale fed daily fantasy sports is a sport like it is a real competition with all sorts of gamesmanship and it's crazy how sophisticated those people are you might think oh well it's just you're set the football line of how complicated could be no you can set a hundred and fifty line ups if that's increasing your chances of winning a million dollars will then you're going to do that right giving you know somebody else is doing that they want to win that million dollars they're putting in a hundred and fifty so you're going to do that and you're going to do it with a different submission every single time what's the point in doubling up that doesn't help your chances so you're gonna do a hundred and fifty different line ups that all fit the requirements of the budget for daily fantasy football and that's what she did and she did it successfully and she won a million dollars for does get a little complicated because allow me to introduce you to jade's husband Tanner Tolbert because Tanner Tolbert is a professional daily fantasy sports player so he would know as well as anybody what the number of submissions is and how to change those lineups and make it so they're all unique and so when jade Tolbert had one draftkings goes okay let's look into this is our million dollar winner and they realize woke her husband's a professional the place daily fantasy sports something's up here or at least could be up here and let's look into it so they continue keep looking and what they find out is that the husband who is a professional player basically used his wife as a proxy to get an additional hundred and fifty submissions because he could log in and he could compete the contest any completed a hundred fifty one and that's totally okay and his wife technically speaking could show up and put in another hundred and fifty lineups and that's okay so now if that happens in a way in the same household you've got three hundred chances to win a million dollars and so it seems like a simple impractical in fair thing right but here's the catch is that none of the lineups overlapped SO draftkings goes and and you would have to ask yourself what are the odds the two people that live in the same house we're one of them's a professional daily fantasy sports player what are the odds that they didn't talk to each other these are the hundred fifty one of that I'm going to be putting out and these are the other hundred fifty line ups that you're going to be putting out and we're totally going to be in unison and not overlap even a single line up out of three hundred what are the odds of they wore working together for that and so at that point they lost a million

Football Jade Roper Tolbert
Ex-'Bachelor' contestant stripped of $1M fantasy sports win

WTOP 24 Hour News

01:23 min | 1 year ago

Ex-'Bachelor' contestant stripped of $1M fantasy sports win

"Yeah there's cheating when it comes to fantasy football as well daily fantasy football specifically on draftkings they have this contest called the millionaire maker and a former bachelor contestant the show the bachelor I tried out for twice and get past first round out of time I'm sorry man old wounds yeah well I'm glad I'm glad they're away with things worked out like but that's right a contestant jade Tolbert won the contest earlier this month by getting the top score in a contest that features of a hundred and five thousand entries days after the contest however that's when allegations of collusion and cheating and sued because jade's husband Tanner is a high volume Dani's you've daily fantasy player and on this weekend where jade won both jade and Tanner each entered a hundred fifty lines the Max is a hundred and fifty and decay has rules against this kind of pulling the other problem J. it isn't a sports fan she's made fun of Tanner's love fantasy football on social media on the show now the two were saying that they did this to have fantasy football be a family activity while draftkings doesn't seem to be buying it they move the person in second place this contest today up to first and released a statement saying that their gentle for general policy is not to comment on further matters whether this couple got the million dollars under the table remains unclear but this kind of thing has been going on for a long time when you're on a show like the bachelor you wore a face that is known a recognizable so hopefully the game gets cleaned

Football Jade Tolbert Tanner Dani Draftkings
DraftKings user sues MLB over Astros sign-stealing scandal

Bloomberg Politics, Policy and Power

00:52 sec | 1 year ago

DraftKings user sues MLB over Astros sign-stealing scandal

"A draftkings fantasy baseball player filed would be class action lawsuit against Major League Baseball MLB advanced media the Houston Astros and the Boston Red Sox over the unfolding sign stealing scandal Christopher Olson seeks to recover damages for defendants wrongful promotion of fantasy baseball wagering competitions at bay because to be and knew or should have known were corrupt and dishonest it comes after an MLB investigation concluded the Astros and red Sox use the camera system to steal signs able B. as supporting the U. S. women's softball team which already is assured a spot in the Tokyo Olympics while the American men's baseball team struggles to qualify the league announced an agreement to become presenting sponsor of the women stand beside her to work a slate of exhibition games leading up to the Olympic tournament

MLB Houston Astros Boston Red Sox Christopher Olson Olympics Baseball Major League Tokyo
DraftKings user sues MLB over Astros sign-stealing scandal

Atlanta's Morning News

00:19 sec | 1 year ago

DraftKings user sues MLB over Astros sign-stealing scandal

"I daily fantasy players whose Major League Baseball the Astros and the red Sox over the sign stealing scandal the class action lawsuit claims contest on draftkings were tainted because some players had inflated stats as a result of cheating it accuses Major League Baseball of knowing about the scandal since twenty seventeen the you're the Astros won the World Series the red Sox one of the

Astros Red Sox
DraftKings investigating $1 million win by 'Bachelor' star Jade Roper, husband Tanner Tolbert

Radio From Hell

01:04 min | 1 year ago

DraftKings investigating $1 million win by 'Bachelor' star Jade Roper, husband Tanner Tolbert

"And former bachelor contestant jade Roper Tolbert won a million dollars in draftkings fantasy football event over the weekend but but the victory triggered an investigation and it appears she may have cheated yeah Roper who appeared in season nineteen of the bachelor in season two of bachelor in paradise was participating in draftkings millionaire maker daily fantasy contests which involves selecting line up of players from the four NFL wild card games okay she submitted a hundred and fifty entries the maximum allowed in one of her line ups ended up winning a million dollar top prize she even bragged about it on social media all us the problem right how did she cheat well apparently her husband also submitted a hundred and fifty the maximum it appears the two colluded to gain a mathematical advantage over other for you to see player soleil they vile they've flooded the entries watch it sounds like smart plan that's what I say but apparently it's against the rules and so on problems so that's

Jade Roper Tolbert Football NFL
"draftkings" Discussed on The Sporting Life with Jeremy Schaap

The Sporting Life with Jeremy Schaap

11:30 min | 1 year ago

"draftkings" Discussed on The Sporting Life with Jeremy Schaap

"Success story particularly from New Jersey. Big Picture her. How do you think the the advent of widespread legalized sports wagering in the US beyond the state of the Vata last last couple of years is going? I say it's going very well. Remember now wish we opened up in New Jersey back in July of the two thousand eighteen. That was our first Dive into sportsbook wagering Jersey's just been a huge success Now now since then we've certainly opened other jurisdictions some on the digital side some on the point of sale Your retail is they. I'd like to call it where the consumer has to walk up to the counter and make a wager but in all the jurisdictions that we've stepped in everything think's going very well so dance your question. I guess we're one word successful. Why why are some models working better than others? Is it mostly about the availability of online wagering if you happen to be Geo Tagged in New Jersey. No question that the digital side or the mobile side is the more successful model Now just think about that for a SEC. When and you you Approach state you're within that state's boundaries. You can actually download the APP. You can fund it and you're off and running with your wagers And some other areas you have to actually go into a vocation sometimes drive drive you know quite a bit of time to get there and then go walk up to the counter walk up to a kiosk and make your wager so that is not going in a track. The masses That's that works because you know we've done that in Nevada for years But the the digital piece to me is the part of the equation. It really gives it to springboard. We're speaking with Johnny Avello. He's the head of the Sports Book for Draft Kings. Where you know what what is the? What is the goal here for people in the industry I mean how? How do they wanna see people accessing the ability to wager on sports? What is kind of is? Obviously everybody's phone. Everything's everybody's phone right now but is it through. Specific companies is like like draft kings. Is it through the states themselves. Who is really going to be the interface as in this industry grows? Well you're asking a guy that works for draft. He's in my opinion. It's draftking drift cakes. Draft Cakes I think we have the finest Mobile APPs out there digital product So you know you ask where I think You know we're I want it to go where I wanted to continue to move forward is People to experience the draft yet so now the reason I say that of course I'm biased just to our company but we do have a great content Easy to use application You know we're going to keep expanding and so where are we going. We're just going to keep moving forward and being in places that WanNa have is which I think is most And so you know the plan versus versus just to keep moving forward so I guess you know just to answer your question what do you what do you WANNA use. I think you WANNA use draft kings. I think we're doing everything right or continue to improve and It's just full steam ahead for us. Well I I guess I should put it this way johnny in terms of you know you're you're all offering the service. Basically what are the bells and whistles that are gonNA drive somebody to say draft kings as opposed to William Hill. You know once they've got got something up and running this comparable. Yeah I think we have more content than anybody I and the in game wagering is an important piece piece Now you know. We've signed some deals with PGA And so in in a in other sports you know major sports outlet so uh that this endgame wagering piece is an important part of all of this people are able to wager on The game within the game And and I think that's going to be where the future is long-term people are going to continue to to play that way and I and I noticed and I want to talk to people. They say well you. You know I'm not GonNa bet this game Before it starts. I'm going to bet this game after it starts because I'm not so sure if I the point spread is right so I'm going to wait and see what happens early in the game. Then I'm going to jump in so I think the engaging piece is that is the the part that still has quite a bit of growth with yet. We're speaking with Johnny Avello. He runs a sportsbook at draft kings from Las Vegas and as I mentioned at the top. You know we've got the because bowl games coming up. We got the super bowl coming up the NFL playoffs in a few weeks. What is this time of year like for you? Now that there's this new component to the industry outside of Las Vegas and Nevada It's still hectic for me You know those bowl games were released on Sunday and we had to get those up as quick as possible You know and it took the crew few hours we all that our heads together and made number. So that's a hectic time now that those numbers are up. Now it's just a daily It's a daily Grind signed with the College football and college basketball and pro basketball So it's not a lot's changed for me You know it's still it's still You know being in a hectic the one thing that has changed for me I guess is that Not really on the floor anymore. And I'm not actually you know down with the customers. So now I'm more in office with my crew You know formulating formulating. Odds are definitely yeah so in that respect it has changed a bit. you give us a sense Johnny again. It's only been under two years since since we've seen the effects of the Supreme Court ruling allowing a sports wagering outside and Nevada and we've seen some states immediately get on board others others have plans to do so few I guess a resisting but how much bigger is the legal sports wagering business now than it was before this got started a year and a half ago I think we're just touching the surface You know there. There's a few quite a few states on board but there's a lot more to come some are still in the in the process of passing Legislat- legislation. Some have passed. Some you know start until next year So you know. We're just getting started. Jeremy It's you know Jersey's a big state and handles great there and in other places we've gone Just recently you know. Pennsylvania and Indiana You know business has been great but I think we're just a we're just at the start of all this. Yes I mean you know. We're we're probably only Maybe twelve to fifteen percent through all the states that can possibly come on board food and At some point I gotta think that all states are going to participate maybe not all but a ninety percent I believe are going to so. It's really deep the tension when a state is making this decision about whether to legalize sports wagering about The adverse effects of more widespread sidespread wagering. Most people agree if you legalize it where people are going to do it. And at the same time you're eliminating or you're limiting a lot of the motivation vacation to participate in illegal wagering in the state will benefit because it doesn't collect obviously any taxes on the illegal wagering portion does that really The debate the subject of the debate We're states haven't made a decision whether they want to see gambling more widespread and more available which is what will happen or if it's happening anyway let's at least make some revenue on it and control it states. Had I don't know sometimes what the motivation Asian is or isn't for the states Sometimes they're just a little bit slow you know to get it going into To introduce it to put it up for vote You know so. It's not. Everybody is is aggressive and wants it now Summer kind of a wait and see type of mode so When I think when they're when they watch it they see how it's evolving and they see how You know how we really we have strong compliance issues and You know how we continuously tried to do everything right As far as whether whether it be some you know gambling you know handling people that problem gambling. We try to do everything. We possibly can to adhere to the right right things to do. And what would a state with WANNA see. So I tell those states just have been on the sideline Just waiting to see how this thing goes. But if you've seen over the past year and a half now you can see that That runs well. That it's it's fun for People that live in your state and you you know there's money for the state to be made. There's you know there's also very sophisticated. Gamblers out there that uh that liked the play and I know they're very happy. Be That we've opened up in additional states You know gives them more opportunities to play so I always see it as as fun and entertainment and and we have. We've actually done that aspect of two. We've done last year in New Jersey. We did the Oscars and we did the EMMYS offering odds on both of those entities. Ladies and You know they were successful in that. Brought in a whole new type of wager more. I think there were more female. Signed up at that time than any other time on our APP. Yeah well it's only getting bigger Online wagering wagering. Outside of the state of Nevada New Jersey Johnny Avello is certainly the In the forefront of those efforts he is the head of the Sports Book for Draft Kings which is one of the big APPs on which you can wager. It's GonNa be a busy month for you. And of course March madness right around the corner johnny. Thank you for joining us go. You're welcome Jeremy. Thank you for having me. I'm Jeremy Shop and you can listen to new editions. The sporting life every Saturday and Sunday morning on ESPN radio and the ESPN APP beginning at six am eastern time as we walked this Bourbon Garden gnome Catholic early Catholic without disturbing it. Notice that it moves like not at all it's inanimate and utterly with how brain function but despite that when it got no me about how Gyco not only saves people money but also gives them access to licensed agents twenty seven online and over the phone. It's clear to them. You should switch because yes. Switching switching to GEICO is a no brainer on second thought. Maybe don't watch garden. gnomes to carefully people might talk..

Johnny Avello New Jersey Nevada Jeremy It WanNa US SEC Las Vegas GEICO Jeremy Shop Jeremy ESPN NFL basketball William Hill Gyco Pennsylvania
"draftkings" Discussed on Squawk Pod

Squawk Pod

11:25 min | 1 year ago

"draftkings" Discussed on Squawk Pod

"I feel the look from jail. Time has halftime report. He's not a money. Did I just say yeah you did which today I fell into the transplant. Usually thank you know onto the trap. I'm not my fault. This is Scott says it's not for once. It's not right but we are thrilled to have you here. CNBC's learned the trade talks between the US and China are set to resume October tenth in Washington DC sources say Vice President Premier Liu will represent the delegation from Beijing. We've had lower level things happen right but this is the next the big event and it's the backdrop I mean I I it's amazing though I mean trump keeps just plugging away president trump gear so maybe I'll get away. If there's any business news headlines that I think portfolio managers and the investment community losing sight we're coming up on the end of the quarter. It's time to reflect on the quarter itself. One in which performance was was kind of uneven if you look at the various index dollar rallied but I most of the conversations that I'm having right now portfolios and investment managers it centers on the fourth quarter of last year and every everyone's reflecting upon it and thinking to themselves well well. It's it's almost you lose a football game you basically you go into the fourth quarter of a football game with a twenty seven lead and you end up losing twenty twenty seven to twenty in the fourth quarter and your your thought process becomes. I think very defensive looking into the fourth quarter because you don't want to have that happen again. You had walked walked into October of two thousand eighteen with the S&P Higher December of two thousand eighteen you left that quarter with the SNP lower so I think there's a defensive mentality. That's it's going to be built into this quarter. Reflecting I see which is on your life on your career on your flexing always good show. It's introspection affection for reflections. What do you say no Ma stay after this five o'clock in the morning. I'm standing in the middle of Times Square. That's your pictorial saying. Oh and you noticing anything around you because you're doing. TM or something right. I noticed you though often he did. Yeah I noticed you too isn't it. We'd better. We've we've got that thing. Peleton the exercise equipment streaming company ended its first day on the market yesterday eleven percent lower that had started that makes it the second worst debut for Unicorn this year a uniform is a private company worth a billion dollars more the worst first day in twenty nine thousand nine title goes to Smile Direct Club a few weeks back wondering anyway Peleton and Smile Direct Club only part of the sad. IPO story heading into today's market open almost half a twenty nineteen new public offerings for trading below their initial offering price becky in both Joe's breakdown what's happening behind the headlines left down by forty two supercenter Uber Down by thirty percent slack down thirteen percent you've got peleton the real real and Avatar all of them down since their debuts and then endeavour group that Holdings Company pulling its IPO which was expected to price last night the company cited weak market conditions and says that it's going to reevaluate the timing for the offering as things develop endeavors the talent agency run by Ari Emanuel that also owns the Miss Universe pageant and the UFC. This is the second time Endeavour has hit the brakes on its IPO IPO. This year in the window closed quickly. Did it automates sake well. I I think at this point where we are valuation-wise in the markets you have to show some the growth and I think a lot of these companies certainly in the case of Uber. I think there was a maturity factor. I think they came to the public market a little bit too late certainly and can make the the argument that the private markets are making all the money and then handing off to the public market in the case of Peleton yesterday. I just can't see the excitement sound surrounding this. It's a fitness appointment company and it is about fitness equipment eighty percent ready now tech companies on a media company when eighty percent of the revenue is coming from the treadmill red mill or the stationary bike and that's just the reality of it look. I think the big deal this tells you is that Wall Street and the retail investors are not going to fund growth growth at all costs. I it's no longer going to be a story. I've looked we just have to get bigger and bigger and bigger and control the world. which was what all of these guys were trying to do Uber? All the rest of the idea was if you can can get big and if you can get win market share then eventually it will come back to you in that profit will work they all point to Amazon as the reason for that but the losses that all of these companies are talking about are far are beyond what Amazon has ever talking about when it was going to the public markets this next this one and this is the even covet more drama at we were and this is a big part Lord of what's happening too. I think a lot of companies are now being painted with the same brush right with we were but the work is the one that everybody thought holy cow. We gotta look at this Uber Saint to the same extent. It'd be a tough time no matter who you are. I think at this point anyway so far this week companies. IPO has postponed a CO founder. Adam Newman stepped down as CEO now now the Wall Street Journal is reporting the company's. New leaders are pushing out staff members that are close to him. Eventually the new co-ceo are expected to cut thousands of positions from from its staff of more than twelve thousand also try to businesses that are part of its main. Leasing operation is what happened with Peleton just bad timing. Is there something deeper going on here. Was it just Peleton's Pacific joining us right now is wallace he CEO at Triton Research Megan Morris is senior financial reporter for business insider era and welcome to both of you. It's good to see you thank you. let me ask you first. What was your rating on this company heading into the IPO just in terms of what you thought about the prospectus in the deal itself off sure the prospectus rated very highly. The disclosure was terrific. They gave us really good statistics unlike we work Uber and lift on what their churn rates were what customer acquisition costs look so what it did. Is it framed up the debate for you know. Is this company going to sell five million bikes or is it going to sell two and a half three million bikes and that seems to be where the argument was about valuation overall. It scored pretty well six point nine and I think you know putting aside the price chart yesterday. which is an ugly charge? You hate to see that this company is worth eleven billion dollars so it's worth twice as much as Gopro and fitbit were which were both growing faster and we're profitable audibles get greedy they ran it they priced at the high end of the price range and the CEO when he joined us on air yesterday said he thought they left a little on the table. I mean who knows maybe they could have done it. Higher rate was twenty six to twenty nine. They priced into twenty nine. The market said no twenty six uh-huh so the whole debate happened inside the range. How much is hangover from we work where people just think forty seven billion now. It's a third of that the window Oh for. IPO seemed to close this week. Did it not and even if you're a company that deserves a higher price. You're not GonNa get it and you might as well not do it right now sure well. I think you know we we saw with Endeavour Right. The difference between Peleton endeavors Peleton got done at the high end of the range reaced one point two billion dollars worth eleven billion. We work in endeavor said we'll do this later. Are you know or not at all so the window I think is going to be more influenced by the inventory like over you know since lift. What we've seen is like nine really traditional software companies. Go public you now data. Dog Ping identity just the most recent ones doing great but the misfit toys you know the Uber's lifts the fibers having trouble and it seems like the market sort of confined Peleton to to the misfit toys a little bit yesterday making much of this. Is You know there are a lot of companies that are out there that are bringing a lot of revenue but losing a lot of money and maybe the street just doesn't have patience for that right now. Absolutely absolutely we're certainly seeing that with we work but I would disagree. I don't think that we work spooking investors on Pelivan here. I stopped by politicians. Roadshow last week spoke to over two dozen investors and almost assault them said that we work wasn't influencing how they were thinking about. Peleton's path to profitability they seemed relatively bullish on the company overall though a number said that they are just not buying depot's share. Some of the major wealth managers are not looking to take chunks of these. IPO's given how poorly most of them have performed than it almost is. They may not be we work specific but it is the effect of all of these other situations out there and again if you don't have if you don't have earnings right now to show if you're if you're going to say we're going to get to growth or we're going to get to profitability but it's going to be three four or five years down the road or longer good excelling and Peleton's not doing itself any favors certain governance structures like it's still share structure. That's hurting the number of investors who you might buy in given that some of the investors just don't buy into dual class share structure right now seeing how it affected other companies and the ability of leadership to really move companies forward so how how does this work itself out and we come out the other side but has anyone decide to do anything now or I think the next day to dog the next cloudflare would be fine right but the question is inventory what we've been saying here for the last couple of months as everyone talks about the stampede of Unicorns but there really aren't that many we've seen we work now. We know we're not getting our BNB. We we know we're not getting pollen tear right to the bench. Isn't that deep for companies to come at this point. It seems like with all the weirdness going on in the market. I wouldn't be surprised if we didn't see much for the rest of this year the story again where I'm totally immune because you are a Luddite yes. I've never done door dash any. Although can you get Taco bell delivered to Your House I. I don't know I've never tried that but with door dish you. Can you see this now. This might be something I need to. That's for sure Dorothy. His data breach and at information from nearly five million of its customers and restaurants were exposed that that breach happened back in May information exposed includes the last four digits credit card and bank account numbers and driver's license numbers of about one hundred thousand of its delivery workers workers. They're the ones who are really in the worst position of all of this to have that kind of sensitive information. That's being captain then. Have it released by the company. That's employing happens again headed again. Doesn't I'm glad I'm I think we've always just made the assumption as consumers that are information is just going to be out there but the question is is. Is there ever a bill to pay on this. Is there ever a time where okay we think it's just out there. It's there but there's got to be a point where this comeback comes back to bite us. Individually there are certain circumstances circumstances where it does I think it becomes a bigger story. If it's some capacity its collective in its nature but I think right now. The effect is just on the individual individuals getting their identities stolen. bank accounts cleaned out. I mean a trade a lot of privacy. I would trade a lot of privacy for Google maps. That's that's just me. I mean that exchange so many things. When are you going to be there. ten forty one time you'll it'd be home that eleven trade your right to privacy but I doubt ever exceeded the speed the speed limit and they tracked you that they could automatically send a ticket to your house of already said that. I don't like those things well. That's the insurance company. That's going to monitor your driving habits and adjust your premiums two three percent discount discount. If you're a really good driver I eventually the world will go. Where if you're texting your insurance company will know right. That's that by away from the insurance. Companies are just a way to kind of get the camels nose under the tent.

Peleton Uber CEO Amazon president Scott Beijing Washington CNBC Vice President Premier Liu US football Wall Street Journal Times Square Ma
"draftkings" Discussed on The Sporting Life with Jeremy Schaap

The Sporting Life with Jeremy Schaap

11:56 min | 2 years ago

"draftkings" Discussed on The Sporting Life with Jeremy Schaap

"This is the sporting life on ESPN radio and the ESPN app. Here's Jeremy shop. The supreme court having recently pave the way for the nationwide. Legalisation sports wagering the questions being asked. Where's it all going, and what will it have on fantasy sports for some answers return now to mad Kayla? She is one of the top executives at and co founder of draftkings daily fantasy site where competitors play for cash prizes. Matt welcome to the show. Hey germy. Thanks for having me. What was your reaction when the supreme court handed down its decision. I was extremely excited when we heard about the decision, and you know, as was the entire company here at drafting, we had been working for months and months on preparing for the possibility that the supreme court would serve repeal pass by and open the door for states to legalize and regulate digital sport spoke in the US and thirty a huge business on the black market in the US. You billions and billions of dollars are being spent every year by American consumers. And offshore digital sports folks that are completely unprotected. There's zero consumer protections whatsoever on the black market, and we got very excited because within our core competency here draftkings is, you know, operating legal safe to play regulated gaming products like sportsbook. So we felt like we were extremely well positioned. And you know, we had put in months and months of work ahead of that decision in preparation for the possibility. So it was really a great day for the company and opened a lot of doors for us to continue to serve our customer base. We're speaking with JR. Of draft kings, the chief revenue officer draft kings, one of the co founders of the company how will the widespread legalisation, you know, going from state to state, and it's gonna take a few years for state legislatures to draft the proper legislation for everything to get approved get on the books in many places, how will this change your business? So the state by state roll out New Jersey, obviously moved I after the ruling, you know, they're the ones who brought the case to the supreme court to begin with and New Jersey really lead the country in terms of passing legislation around sportsbook being first in the nation around the regulations for digital sportsbook. We worked very closely with the division of gaming enforcement in jersey to make sure that the product that we were building was in folk implying with all of the consumer protections of the rules of the road that they were looking to install and I think we built a great relationship there. And. That's really consistent with what we did in fantasy sports as well. Our product with daily fantasy sports have been regulated in twenty eight now. So we're very accustomed to working with state regulators and passing legislation or working with regulators on implementing digital products like the fantasy sports or sportsbook. So as the state's kinda valuate the decision around, you know, should they opened up the opportunity for an operator like draftkings offer sportsbook? We just wanna be there, you know, serving as an educational resource sharing our experience in jersey educating legislators about consumer protections are important in the space, and how the business works, and you know, the states are all very busy. They have a lot of things going on a lot of different priorities. But I think the experience in jersey has shown that there's a huge revenue opportunity for the states. You know, the tax revenues are really strong in New Jersey coming from sportsbook and. It's not new spend necessarily that citizens are doing now that it's regulated is just moving existing spending from the black market into the legal regulated market where it's overseen intact. So yeah, we're hoping that that goes as quickly as possible at a smoothie as possible. But we also know that states are really busy. There's a lot of priorities that they have. And you know, we hope that a good chunk of states overtime. We'll take on this issue and look at it and give it some serious consideration. We're speaking Calif from draft kings about sports wagering in the US, which is obviously going to be exploding over the course of the next few years legal sports, wagering anyway, and how much money that's this is the big question. I'm much money. Do you think we're talking about? I mean, I know there are figures out there for black market wagering. How much people are illegally wagering on sports and have been for many years how much bigger is this going to make the pot? Out of money. That's wagered on sports. Well, I think the total market in the US is massive. And if you just look at the New Jersey numbers that get released every month there is over three hundred million dollars in New Jersey last month. I mean, I think it's tremendous in terms of the growth rate is that they've seen each month since August when they launched. So it hasn't been topped out yet. But we're just seeing massive massive demand for the product. And that demands always been there. It's just you know, people are now having the option to bet on faith to play regulated products like drafting, so I think the growth is just going to continue to show up in New Jersey. And then we're able to sort of extrapolate that out to more states, and you know, if you imply something nationwide, it's a massive market. I I don't think we know really wear. It's gonna top out. But I heard estimates that currently people are spending anywhere from one hundred fifty billion four hundred billion per year in the US on sports betting. And you know, I think moving that to legal. Regulated safe to play market is is what makes sense for the country. And I think more and more states are looking at it that way and taking on the issue. I think it so many places obviously MAC a sports wagering is already legal. I mean outside the United States and has been for a long time. You know, if you go to the United Kingdom, you know, you see wagering shops on every street in in the country when you combine American technical know-how American internet, how with the new laws what is it going to look like in a few years for the average American sports fan when they get on whatever app. It happens to be on their phone on their ipad. Whatever it is. What's it gonna look like a daily basis when they when they opened up that app? What are the options going to be? Yeah. I think it's draft kings as a digital company where technology company, that's what we do all of our business virtually is online. And you know, what we hang? Our hat on as having the best technology platform in the market, not just in sports book. But also in daily fantasy sports to we look at that as our differentiator. We wanna be operating off of the best technology form in the world. We want the best content for consumers who are playing on draftkings. And I think there's a few different sort of cohorts out there of of operators who are trying to enter the sports betting market. You know, you have digital companies like draftkings, then you have the big casino companies like MGM or Caesar's, and there's some amount of European entrance. Like organizations like a fair who are experienced with serving the UK or European markets. But they don't necessarily have experienced serving the American consumer the American sports fan. So I think drafting is extremely well positioned in the sense that for years and years our entire focus has been on serving the American sports fan. You know, initially with daily fantasy sports now with sports book as well. And that's what we do. That's all of. What we do. We're completely focus in that area. And we're completely focused doing it digitally with the best technology in the market. So that's something. It's a formula. That's worked so far. We're number one in the New Jersey market far and away. We've had tremendous success. You know, we were first to market because our technology team is extremely strong, and, you know, the capability that we have to build products and technology quickly is the best of read. So I think a company like draftkings is the best bet in terms of innovation moving forward as well. Know, we're the ones who are going to be able to move quickly iterative on the product. And introduce new features recently, we launched pools, which is a, you know, product for me to a lot of people it's week to week in football. You can go on pick the winner of each game. We pool together entries from people throughout the state of New Jersey. And whoever has the best record at the end will win the dominant share the price pool, and we extended that in the basketball into hockey. So we're. Extending our pools product recently on several casino style games or some of the most popular games in the market like blackjack, relax. So lots of offerings within our sportsbook product have already been added and just a few months since we since we initially launched, and I also think proliferation of things like live in gain bedding ability to cash out bets in play a lot of our capabilities around, you know, analytics and modeling allow us to offer a very sophisticated product that covers a lot of events and is available for you know, the vast majority of game time during live engagements. So those are really the areas that we're focused this continuing to push the envelope on innovation build that more product teachers and just listener a customers what they're telling us. They want speaking with Matt Cain leash of draft kings about the changing landscape of sports wagering in the United States. And as you mentioned, you New Jersey first off the Mark after the supreme court decision. Obviously, we have Nevada. The possibility now exists for this to be everywhere. What kind of resources is your company dedicating to lobbying state legislatures? Stay political leaders to make it possible for people all over the country to legally, wait, you're on sports. We put some resources there. It's important educate. Legislators and regulators on the market because it's a new market to the country in large part, and especially from a digital standpoint. The idea of digital sportsbook that you can play, you know, statewide from a web browser from your phone. It's totally new product and so education around how the product works. What sort of consumer protections makes sense, what are the current standards in the market? Whether it's a New Jersey, whether it's you know, European standards just trying to educate legislators and regulators on what that looks like is a really important job that we have, and it's unreasonable to expect that every legislator understands what sports book. Product looks like or what factors to consider. So we really do that. As our most important job is just speaking resource, helping educate people that are making these decisions for their respective states. And you know, trying to naval them to open the door to bring this black market into like to create tax revenue to create jobs in the state, etc. And you know, it's not just in that area. Though that we've grown our company over half of our company wasn't here last football season. We've been hiring extremely quickly and about of those resources that we're bringing on the vast majority are working on the expansion of sports book. And I think that's something that we're going to continue to do going. The twenty nineteen is really aggressive. Hiring of technologists of great product people sportsbook operators analysts, you know, just going out there and continuing to build the best team in the market Kayla is co-founder and he is the chief revenue officer at draft kings. Matt thank you for joining us for this discuss. Shen about the changing landscape sports wagering here in the US. Thanks, Jeremy appreciate the time. I'm Jeremy shop, and you can listen to new editions of the sporting life every Saturday and Sunday morning on ESPN radio and ESPN app beginning at six AM eastern time.

New Jersey United States draftkings supreme court Matt Cain ESPN chief revenue officer football Kayla co founder Jeremy shop United Kingdom Nevada Calif MGM Shen