DraftKings Hits Touchdown With NFL Week 1, Intercepted By Deion Sanders, Colorado
Portfolio Pulse from Chris Katje
DraftKings Inc (NASDAQ:DKNG) is expected to benefit from the start of the NCAA Football and NFL football seasons, according to Needham analyst Bernie McTernan. He notes that DraftKings starts the year in the top spot in the app store, similar to last year. McTernan also highlights the integration of the Yahoo fantasy sports app with BetMGM, a sports betting platform co-owned by MGM Resorts International (NYSE:MGM), and suggests that Penn Entertainment (NASDAQ:PENN) could follow a similar path with its new licensing agreement with ESPN, a unit of The Walt Disney Company (NYSE:DIS).
September 11, 2023 | 3:38 pm
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POSITIVE IMPACT
The Walt Disney Company could benefit from Penn Entertainment's new licensing agreement with ESPN, a unit of Disney.
Penn Entertainment's new licensing agreement with ESPN, a unit of The Walt Disney Company, could expand the sports betting market, which could have a positive impact on Disney's stock.
CONFIDENCE 75
IMPORTANCE 50
RELEVANCE 60
POSITIVE IMPACT
DraftKings is expected to benefit from the start of the football seasons, according to an analyst.
The start of the football seasons is expected to boost DraftKings' performance, according to an analyst. This is likely to have a positive impact on the company's stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
The integration of the Yahoo fantasy sports app with BetMGM could benefit MGM Resorts.
The integration of the Yahoo fantasy sports app with BetMGM is expected to benefit MGM Resorts. This could have a positive impact on the company's stock.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Penn Entertainment could benefit from its new licensing agreement with ESPN.
Penn Entertainment's new licensing agreement with ESPN could expand the sports betting market, which could have a positive impact on the company's stock.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70