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Within the time since, DraftKings’ inventory has continued to rise, peaking at $44.79/share-and it sits at $32.43/share as of the close of enterprise on July 10. After the preliminary value surge, DraftKings introduced in June that it and its shareholders have been promoting an additional 33 million shares to the market. Shares in Golden Nugget Online climbed over 14 percent in its first day of trading on July 9. Further evidencing the enthusiasm for sports wagering within the marketplace was the June launch of Roundhill Investments’ Sports Betting & iGaming “BETZ ” ETF, which counts GAN, GVC, Flutter, and DraftKings amongst its high holdings. Indeed, last week, ROAR Digital-the joint enterprise launched in 2018 between MGM Resorts International and GVC Holdings that offers sports activities betting and on-line gaming merchandise in the U.S. Houston Rockets proprietor Tilman Fertitta’s buy of Golden Nugget Online Gaming by his company Landcadia Holdings II. One firm that has already introduced its intention to go public is DoubleDown Interactive, a creator of social on line casino gaming functions including DoubleDown Casino.
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