[dante1]

how the hell is DK losing money? when I booked even the dumbest bookies made huge money. I was small, very small and earned money that most of you would not believe. Now we have DK with how many players, I think in the tens of thousands and they are losing. I think stock is around 17. I could be mistaken about that.

listen you can be nearly retarded and be a successful bookie. If mr Dwight would be able to add and subtract even that idiot would be successful. I know many of you disagree because that moron can't read a clock or make change. the fckin idiot. how do you become an adult and know absolutely nothing about absolutely everything. it is like he and his classless idiots are on another planet.

not my purpose on this thread. I am thinking about buying a ton of DK before May 6th. I think. any thoughts? I just can't see how a gambling stock will continue to lose. I doubt the players are beating them. expenses must be incredibly high. maybe giving away too much, we will see.

[KVB]

They are in the customer acquisition phase.

They will spend like crazy to build a customer base.

Literally give money away and throw everything into advertising.

That's what's happening.

[dante1]

IMO, you can give the players all types of freebies and gifts and the huge majority will still lose. we gave our players a 10% gift every time they lost and that was peanuts. not 10% on each bet but 10% off the total bill which amounts to nothing because they are still paying you. so a guy owes 400 and you charge him 360. He feels good about himself thinking he made $40. many players are pretty stupid.

[dante1]

They are in the customer acquisition phase.

They will spend like crazy to build a customer base.

Literally give money away and throw everything into advertising.

That's what's happening.

yeah, expenses are too high. but, I still think they are running a pretty tight ship. I think they are making smart moves and they may be very successful which will probably show in the stock--eventually. also three new states on the verge.

[jjgold]

Gaming stocks dead well the DraftKings types are


Stick to mega stuff like Churchill Downs, Wynn and Sands

[stevenash]

They are in the customer acquisition phase.

They will spend like crazy to build a customer base.

Literally give money away and throw everything into advertising.

That's what's happening.

This.

Short answer, pretty much .75 cents on every dollar DK puts into marketing.
My brother in law is in marketing for another firm, is also a sports fanatic, his opinion is DK might be a good buy right now under 16.00 a share.

[agendaman]

dkings CEO j.robbins needs to be replaced.

[stevenash]

dkings CEO j.robbins needs to be replaced.

This I agree with.
Props to Robbins foe getting DK there, but they do need a more progressive thinker now.

[dante1]

This I agree with.
Props to Robbins foe getting DK there, but they do need a more progressive thinker now.

progressive, that is a curse word for most of the crazies. I know, you are using it in a different framework. I think I buy some, take a chance. WTF I was talked out of GE when I owned it very very low. stupid, stupid, stupid.

[stevenash]

progressive, that is a curse word for most of the crazies. I know, you are using it in a different framework. I think I buy some, take a chance. WTF I was talked out of GE when I owned it very very low. stupid, stupid, stupid.

You get what I mean, cool.

Finance guys who know more about these things then I do and make mid six figures a year doing so, some of them are saying DK at 15 and change is a pretty good value.

Almost all my investment money is in REIT's but I may buy a little DK at the current price.
I've been using the product since day one, I believe in the big two (FD and DK) and they are very prevalent here in New England.

[thomorino]

They are losing money because of the sportsbook and casino promotion they are running. Sportsbetting isn't an easy business and they are losing money because they are running huge promotions weekly.

[thomorino]

You get what I mean, cool.

Finance guys who know more about these things then I do and make mid six figures a year doing so, some of them are saying DK at 15 and change is a pretty good value.

Almost all my investment money is in REIT's but I may buy a little DK at the current price.
I've been using the product since day one, I believe in the big two (FD and DK) and they are very prevalent here in New England.

REIT's are garbage, commerce is moving online. Half of mall will be empty in 5 years, a child knows that.

[clockwise1965]

This.

Short answer, pretty much .75 cents on every dollar DK puts into marketing.
My brother in law is in marketing for another firm, is also a sports fanatic, his opinion is DK might be a good buy right now under 16.00 a share.

100% .. They are building a customer base.

[jjgold]

Big issue not lots of revenue sports betting

Very low hold especially with usa high cost of doing business

[captrobey]

It is from all the endless commercials they have on there.

[Snowball]

they are a poorly run company that basically went public so insiders could issue and sell stock to the public,
enriching themselves more than necessary, without any regard for the stock purchasers.

my chart suggests it will hit a low in the next 2-4 weeks but then most institutional shorts will cover. I
posted this sometime in the early afternoon on stocktwits. The thing is, it is likely to coincide with a downdraft in the market overall. So shorts might be able to push it down to 12 or 13 if the market is in a correction also, rather than just 14's.

[jjgold]

Snowy your very technical;

[stevenash]

^
Solid post Snowman.

I was reading in one trade a couple of months ago when one insider analyst was saying don't be surprised if a deep pocketed investor or syndicate buys out DK.

DK ain't going anywhere.

[Snowball]

^
Solid post Snowman.

I was reading in one trade a couple of months ago when one insider analyst was saying don't be surprised if a deep pocketed investor or syndicate buys out DK.

DK ain't going anywhere.

As long as the market and internet holds up, they will be a major player, but Flutter Entertainment is much better managed as are others like IGT.. the time to pick up DKNG will be soon but if it coincides with a market negativity then the big shorts might hang around longer.
In the long term assuming all is well they will indeed crawl back up but it will take years for Wall Street to respect them after this. They will need some fresh faces and run a much tighter ship. It can happen but again because they killed the stock themselves, they will have to get creative on structural remodeling.

[jjgold]

Fandual will always be kings

[Crusherrr]

DK is a $2 stock. Continue to short it.

[jjgold]

Crusher you might be right

[topgame85]

Look, bottom line here is going to be iGaming/Casino. If even another 10 states open this up, these places will print money. Like DFS cracked the door for OSB, now too iGaming is a more widespread possibility.

Add in growth from states still available to expand, international possibilities, media/ad revenue, NFT etc. The potential is there bigtime but need the right leadership.

Sports betting alone avg. Roughly a 7% hold with maybe 20% margin on that hold at maturity. Look at the jurisdictions with online casino. The revenue DWARFS that of the Bookie biz.

[thomorino]

Vegas didn't build their business around sports betting, 80% of the Vegas revenues comes from shows, shopping resorts. The sportsbook by itself is a low margin business that is tough, its just not a great business, and there are lot of promotions right now.

[Snowball]

Just something to think about concerning sports betting stocks.

1) Market saturation - a large number of them
2) Modeling shows the average sports bettor runs out of funds in a certain amount of time. Often, only 6-12 months.
3) Recession likely
4) Price of borrowing rising.

[jjgold]

Just something to think about concerning sports betting stocks.

1) Market saturation - a large number of them
2) Modeling shows the average sports bettor runs out of funds in a certain amount of time. Often, only 6-12 months.
3) Recession likely
4) Price of borrowing rising.

great points

Stick to casino giants

[thetrinity]

It is from all the endless commercials they have on there.

Yep. Endless string of dumb commercials. The dumb blonde wearing the hat upside down inside out and sideways would be the dumbest

[jjgold]

What’s crazy they’re paying these people big money to promote them they could never ever do well financially with that model

[Optional]

Even in mature markets sportsbook brands constantly changing hands.

[captrobey]

Yep. Endless string of dumb commercials. The dumb blonde wearing the hat upside down inside out and sideways would be the dumbest

I would just once LOVE to see a realistic commercial. I would gamble there if they did that and would never be bored of the commercials

First Part of commercial - Hi, I'm Tommy. I just Won $5000 on Draftkings online slots . It was easy to Deposit and i have never had so much fun in my life. Thank you Draftkings !!!!!!

Second Part of Commercial - Hi . I'm Tommy . I won $5000 yesterday. I went back on today and played BJ and lost the $5000 i won yesterday as well as my entire savings of $125000 . I lost 180 hands in a row. (Then Tommy just stands up and starts running across the room crying and jumps out a 30 story glass window and on the way down he screams) penetrate YOU DRAFTKING !!!!!!

And the commercial closes with the screen saying "Gamble Responsibly " and a # to Gamblers Anonymous .

[stevenash]

REIT's are garbage, commerce is moving online. Half of mall will be empty in 5 years, a child knows that.

I invest in residential REIT's
I don't deal with retail real estate.

There's more to REIT's than just strip malls .
What did I tell you about quoting me an attacking my integrity
You're nothing but a pathologically lying troll.
I own NRZ.
I own EQR

Those are residential REIT's that are doing just fine.

See you around the rorum.
You'll be seeing a lot of me in the next week or two.

You're nothing but a pathological lying troll that has nothing better to do than follow me around on the boards.

[jjgold]

There is no such thing as a stock top or bottom if there was nobody would work

[stevenash]

There is no such thing as a stock top or bottom if there was nobody would work

NRZ's dividend pre-pandemic dividend bought my second SUV

[agendaman]

i would think the 10-20 percent rake from the DFS side might offset some other expenses. their milly-maker contest is a gold mine for them.

[stevenash]

i would think the 10-20 percent rake from the DFS side might offset some other expenses. their milly-maker contest is a gold mine for them.

I'm not worried about DK or FD.