DraftKings, Inc. / Online Gambling Message Board

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Technology Stocks : DraftKings, Inc. / Online Gambling

DKNG 30.59

+1.5%

Oct 31 9:30 AM EST

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To: Julius Wong who wrote (139)	10/5/2020 9:15:36 AM
From: Glenn Petersen	of 282

Yes, he is quite popular with the Robinhood crowd and partially responsible for some of the recent volatility in the stock market. Not necessarily my cup of tea, but he does have a huge following. He certainly has put PENN on the map. The danger for PENN is that guys like Portnoy sometimes crash and burn. The online gaming niche has certainly gotten exciting. There will be some consolidation, probably sooner rather than later. The acquisition of William Hill was just the start. DKNG's capital raise is a smart strategic move. A large capital raise and a U.S. listing for a stand-alone Fanduel is inevitable.

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