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Damaging criticism for DraftKings Incorporated

June 16, 2021
The value of individual shares in American online sportsbook and daily fantasy sports operator DraftKings Incorporated reportedly fell by 4.2% yesterday following news that a key specialist had recommended taking up a short position on its stock.
According to a Tuesday report from American television broadcaster CNBC, the advice from Hindenburg Research LLC came after the investments research enterprise published a report in which it questioned the sportsbetting giant’s promotional spend and future potential. The analyst purportedly also threw doubt on Nasdaq-listed DraftKings Incorporated’s valuation when compared to rivals such as the soon-to-go-public FanDual Group before alleging that the company may have had ties to questionable gambling practices. ....

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Public move for Paysafe Group Holdings Limited

December 9, 2020
In the United States and the billionaire owner of the Vegas Golden Knights franchise of the National Hockey League (NHL) has reportedly agreed a deal that is to see online payment systems provider Paysafe Group Holdings Limited once again become a public concern.
According to a Monday report from the Las Vegas Review-Journal newspaper, William Foley (pictured) revealed that his Foley Trasimene Acquisition Corporation II special purpose acquisitions enterprise is to merge with the digital wallet innovator in an arrangement valued at around $9 billion. The Texas-born businessman purportedly explained that the agreement is expected to close by the end of June and will subsequently involve the enlarged entity being listed with the New York Stock Exchange under the continuing leadership of its Chief Executive Officer, Philip McHugh. ....

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