DraftKings & Flutter stocks drop 6% on regulation concerns
Stocks of DraftKings and Flutter Entertainment fell by over six percent.This drop was brought on by concerns that US sports betting companies, such as DraftKings and...
DraftKings forms a strategic collaboration with iHeartMedia
DraftKings has formed a long-term strategic alliance with iHeartMedia, a US audio network.
Under the contract terms, the sports betting operator will officially provide iHeartMedia’s broadcasting, digitals, podcasting, and social platforms for its sports radio and podcast networks. DraftKings will be creating and sharing long-form content with iHeartMedia and having preferential access to iHeartMedia’s whole array of characters. DraftKings will also utilize iHeartMedia’s SmartAudio suite of info-driven promoting tools, allowing authentic audience preparation and targeting improvements across iHeartMedia’s broadcast digital platforms.
Matt Kalish, co-founder and president of DraftKings North America stated:
“Critically delving into iHeart’s valued listening audience while generating accurate betting content is a watershed event for both businesses and a forerunner to new media development opportunities.”
DraftKings and iHeartMedia will work together on a variety of content enhancement options. Some of them include distributing shows and segments across iHeartMedia’s radio and digital platforms and integrations inside iHeartMedia’s live sports broadcasts. The cooperation will also include things like cross-platform interactive games.
Greg Ashlock, chief executive at iHeartMedia’s Multiplatform Group, believes in long and profitable collaboration with the operator. He added:
“DraftKings is a leading sports tech and entertainment firm that offers millions of clients the finest in real-money gaming assets as well as excellent protection using different responsible gaming procedures.
US betting companies unite: ROGA for responsible gaming
Together, the top seven sports betting companies in the US form the Responsible Online Gaming Association (ROGA).Cooperation in addressing issues associated with...
