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DraftKings
DraftKings Inc. is an American gambling company based in Boston, Massachusetts. It offers sportsbook and daily fantasy sports (DFS) services. The company was originally launched in 2012 as a DFS provider, competing principally with the New York–based FanDuel. In May 2018, amid the widening legalization of sports betting in the United States, DraftKings began to expand into online and retail sportsbooks to leverage its brand awareness and customer base. DraftKings became a publicly traded company through a reverse merger with SBTech, a Bulgarian technology company, and special-purpose acquisition company Diamond Eagle Acquisition Corp in April 2020. History DraftKings was established in 2012 by Jason Robins, Matthew Kalish, and Paul Liberman, former Vistaprint employees. The company initially operated out of Liberman's house. The company's first product was a one-on-one baseball competition, launched to coincide with Major League Baseball's opening day in 2012. In April ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Daily Fantasy Sports
Daily fantasy sports (DFS) are a subset of fantasy sport games. As with traditional fantasy sports games, players compete against others by building a team of professional athletes from a particular league or competition while remaining under a salary cap, and earn points based on the actual statistical performance of the players in real-world competitions. Daily fantasy sports are an accelerated variant of traditional fantasy sports that are conducted over short-term periods, such as a week or single day of competition, as opposed to those that are played across an entire season. Daily fantasy sports are typically structured in the form of paid competitions typically referred to as a "contest"; winners receive a share of a pre-determined pot funded by their entry fees. A portion of entry fee payments go to the provider as rake revenue. In the United States, the daily fantasy sports industry was dominated by two competing services: the New York-based FanDuel, and the Boston-bas ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
FanDuel
FanDuel Group is an American gambling company that offers sportsbook, daily fantasy sports, horse racing, and online casino services. The company operates sportsbooks in a number of states including New Jersey, Pennsylvania, Indiana and West Virginia, as well as an online horse race betting platform, and a daily fantasy sports service. The company was originally founded as a daily fantasy sports provider, and principally competed with DraftKings. In May 2018, amid the widening legalization of sports betting in the United States, FanDuel agreed to merge with the U.S. operations of Irish bookmaker Paddy Power Betfair (now Flutter Entertainment) to form FanDuel Group. The acquisition sought to leverage the company's existing brand recognition and user base, with FanDuel becoming the company's main U.S. brand. History FanDuel was formed by Nigel Eccles, Lesley Eccles, Tom Griffiths, Rob Jones and Chris Stafford on July 21, 2009 in Edinburgh, Scotland, as a pivot from Hubdub, a n ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
ESPN Inc
ESPN Inc. is an American multinational sports media conglomerate majority-owned by the Walt Disney Company, with Hearst Communications as an equity stakeholder. Founded by Bill Rasmussen in 1979, it owns and operates local and global cable and satellite television variants of ESPN, ESPN2, ESPN Radio, ESPN.com, ESPN+ and other related ventures and is currently headed by executive James Pitaro. Commonly and colloquially marketed as the "Worldwide Leader in Sports", programming on its television networks include broadcasts of live or tape-delayed sporting events and sports-related programming including talk shows and original documentary series and films. History ESPN Inc. was founded in 1979 by Bill Rasmussen, initially as an attempt to broadcast sports in Connecticut over an "Entertainment and Sports Programming Network" (ESPN) cable channel, and soon became a nationwide cable sports network. Shortly after being terminated as the World Hockey Association's New ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Russell 1000
The Russell 1000 Index is a U.S. stock market index that tracks the highest-ranking 1,000 stocks in the Russell 3000 Index, which represent about 93% of the total market capitalization of that index. , the stocks of the Russell 1000 Index had a weighted average market capitalization of $1.013 trillion and a median market capitalization of $15.7 billion. , components ranged in market capitalization from $1.8 billion to $1.4 trillion. The index, which was launched on January 1, 1984, is maintained by FTSE Russell, a subsidiary of the United Kingdom-based London Stock Exchange Group. The ticker symbol is typically RUI, .RUI or ^RUI. There are several exchange-traded funds and mutual funds that track the index. Record values Annual returns Top sectors by weight *Technology * Consumer Discretionary * Industrials * Financials *Health Care Top 10 holdings *Apple - *Nvidia - *Microsoft - *Amazon - * Meta - * Tesla - *Alphabet (Class A) - *Broadcom - *Alphabet (Class ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Sports Betting
Sports betting is the activity of predicting sports results and placing a wager on the outcome. Sports bettors place their wagers either legally, through a sportsbook or bookmaker (colloquially known as "bookies"), or illegally through privately run enterprises. The term "book" is a reference to the books used by wage brokers to track wagers, payouts, and debts. Many legal sportsbooks are found online, operated over the Internet from jurisdictions separate from the clients they serve, usually to get around various gambling laws (such as the Unlawful Internet Gambling Enforcement Act of 2006 in the United States) in select markets, such as Las Vegas, or on gambling cruises through self-serve kiosks. There are different types of legalized sports betting now such as game betting, parlays props and future bets. They take bets "up-front", meaning the bettor must pay the sportsbook before placing the bet. Due to the nature of their business, illegal bookies can operate anywhere but ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
The Raine Group
The Raine Group, commonly referred to as Raine, is a global merchant bank focused exclusively on industries related to technology, media and telecommunications (TMT). Companies the firm has been involved with significantly include Endeavor, SoftBank Group, WWE and Ultimate Fighting Championship. It has also been involved with several Premier League football clubs. Outside the U.S., the firm has offices in Europe and Asia. Background In September 2009, Raine was co-founded by Joseph Ravitch and Jeffrey Sine. Ravitch was previously co-head of Goldman Sachs' media banking division while Sine was Vice Chairman and head of TMT banking at UBS. It was compared to the early formation of the Quadrangle Group which also had a TMT focus. The firm's name Raine comes from an amalgamation of Ravitch's and Sine's surnames with the "e" on the end coming from Ari Emanuel, an initial backer who headed William Morris Endeavor. One of Raine's first major deals was advising William Morris Agency o ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Sports Betting
Sports betting is the activity of predicting sports results and placing a wager on the outcome. Sports bettors place their wagers either legally, through a sportsbook or bookmaker (colloquially known as "bookies"), or illegally through privately run enterprises. The term "book" is a reference to the books used by wage brokers to track wagers, payouts, and debts. Many legal sportsbooks are found online, operated over the Internet from jurisdictions separate from the clients they serve, usually to get around various gambling laws (such as the Unlawful Internet Gambling Enforcement Act of 2006 in the United States) in select markets, such as Las Vegas, or on gambling cruises through self-serve kiosks. There are different types of legalized sports betting now such as game betting, parlays props and future bets. They take bets "up-front", meaning the bettor must pay the sportsbook before placing the bet. Due to the nature of their business, illegal bookies can operate anywhere but ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Wellington Management
Wellington Management Company is a private, independent investment management firm with client assets under management totaling over US$1 trillion based in Boston, Massachusetts, United States. The firm serves as an investment advisor to over 2,200 institutions in over 60 countries, as of 30 June 2020. Its clients include central banks and sovereign institutions, pension funds, endowments and foundations, family offices, fund sponsors, insurance companies, financial intermediaries, and wealth managers. History In 1928, Philadelphia-based accountant Walter L. Morgan established the first balanced mutual fund in the United States, the Wellington Fund. Wellington Management Company was incorporated in 1933. In 1951, the firm hired John C. Bogle, who succeeded Morgan as chairman in 1970. In 1967, Wellington merged with Boston-based investment management firm Thorndike, Doran, Paine & Lewis. Bogle left in 1974 and established The Vanguard Group, retaining Wellington to manage som ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
New England Patriots
The New England Patriots are a professional American football team based in the Greater Boston area. The Patriots compete in the National Football League (NFL) as a member of the American Football Conference (AFC) AFC East, East division. The Patriots play home games at Gillette Stadium in Foxborough, Massachusetts, which is southwest of Boston, Massachusetts. The franchise is owned by Robert Kraft, who purchased the team in 1994. As of 2024, the Patriots are the Forbes list of the most valuable sports teams, sixth-most valuable sports team in the world and have sold out every home game since 1994. Founded in 1959 as the Boston Patriots, the team was a charter member of the American Football League (AFL) before joining the NFL in 1970 through the AFL–NFL merger. The Patriots played their home games at various stadiums throughout Boston, including Fenway Park from 1963 to 1969 until the franchise moved to Foxborough in 1971. As part of the move, the team changed its name to the ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
National Hockey League
The National Hockey League (NHL; , ''LNH'') is a professional ice hockey league in North America composed of 32 teams25 in the United States and 7 in Canada. The NHL is one of the major professional sports leagues in the United States and Canada and is considered the premier professional ice hockey league in the world. The Stanley Cup, the oldest professional sports trophy in North America, is awarded annually to the Stanley Cup playoffs, league playoff champion at the end of each season. The International Ice Hockey Federation (IIHF) views the Stanley Cup as one of the "most important championships available to the sport". The NHL is headquartered in Midtown Manhattan. The National Hockey League was organized at the Windsor Hotel (Montreal), Windsor Hotel in Montreal on November 26, 1917, after the suspension of operations of its predecessor organization, the National Hockey Association (NHA), which had been founded in 1909 at Renfrew, Ontario. The NHL immediately took the NHA ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Acquisition Of 21st Century Fox By Disney
The acquisition of Twenty-First Century Fox, Inc. by The Walt Disney Company was announced on December 14, 2017, and was completed on March 20, 2019. Among other key assets, the acquisition included the 20th Century Fox film and television studios, U.S. cable channels such as FX, Fox Networks Group, a 73% stake in National Geographic Partners, Indian television broadcaster Star India, and a 30% stake in Hulu. Most remaining assets (including the Fox Broadcasting Company, Fox Television Stations, Fox News Channel, Fox Business, Fox Sports 1 and 2, Fox Deportes, and the Big Ten Network), which were excluded from the deal, were spun off into a new company called Fox Corporation on March 19, 2019 (a day before the acquisition was completed). Other 21st Century Fox assets such as the Fox Sports Networks and Sky were divested and sold off to Sinclair and Comcast, respectively. Background 21st Century Fox was formed on June 28, 2013 by splitting of entertainment and media ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
