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DraftKings

After slumping following a bearish report by Hindenburg, DraftKings is rebounding modestly. Several analysts are defending the sportsbook operator.

DraftKings stock fell after a leading short selling firm said it uncovered potential legal issues at the ambitious sports betting company.

DraftKings reportedly made a run at purchasing Bleacher Report in 2020 and there are logical reasons why the speculation could reappear now.

DraftKings continues moving further into the media sector with a content distribution deal with Meadowlark Media.

DraftKings announced that former supermodel Gisele Bündchen will serve as a special advisor to CEO and the Boston-based sports gaming and technology company’s board of directors.

BetMGM is targeting a long-term market share of up to 25% in the booming US online betting industry and recent data also confirm the company is well on its way to achieve the goal.

Online gambling stocks remain the popular investment themes this year. While the pandemic has created a spike in new demand, each company has something different to offer.

DraftKings stock is in a tailspin. But some analysts think that the stock's haircut could give way to buying opportunity.

There is no doubt that online betting company DraftKings keeps winning but when it comes to long term investment, established gambling operation seems a better value play to market analysts.