DraftKings CEO Not Seeing Negative Impact in Light of Inflation as Company Stock Crashes

Written by :

Aaron Goldstein

Published on :

8 May, 2022

DraftKings CEO Not Seeing Negative Impact in Light of Inflation as Company Stock Crashes

DraftKings CEO Jason Robins was making the media rounds last week to discuss his company's final integration of the Golden Nugget brand and what it means for further growth. He also talked inflation and California.

DraftKings Completes Acquisition of Golden Nugget Online Gambling Biz - Robins sees no impact on inflation and consumers betting habits.
Robins feels highly confident that sports betting will make its way onto a California ballot initiative and that it will pass.
He also discounted the poor performance in DraftKings stock price, which dropped 8.90% on Friday.
DraftKings (DKNG) is down 53% year-to-date and is 80% off its 52-week high with investors bailing out on high-growth companies that are burning cash.

“We’re really excited about the team that’s coming on board,” @DraftKings CEO @JasonDRobins says on a recent acquisition, adding: The Golden Nugget “brand will be very complimentary to ours.” pic.twitter.com/CG16CbEXT8
— Gens (@gefra01) May 7, 2022

- Aaron Goldstein, Gambling911.com

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