DraftKings rallies 8% as Michael Jordan joins betting company as board advisor

Charlotte Hornets owner Michael Jordan responds to a question during a 2014 news conference at Time Warner Cable Arena in Charlotte, N.C.rose 8% on Wednesday after the company said Michael Jordan is joining the betting company as a special advisor to the board of directors.

"While the immediate financial impact is hard to measure, we see this development benefiting [DraftKings] by associating its brand with the US most revered living athlete," wrote Jed Kelly, an analyst at Oppenheimer. "Michael Jordan is among the most important figures in sports and culture, who forever redefined the modern athlete and entrepreneur," Robins said in a press release. "The strategic counsel and business acumen Michael brings to our board is invaluable, and I am excited to have him join our team."

Despite the Covid-19 headaches, DraftKings investors remain largely positive on DraftKings's longer-term outlook and have sent its stock soaring more than 240% so far this year to $36.93 by Tuesday's close.

JabariJYoung Huge BJ from Jabari as well. Let people finish the question before your emotions get the best of you. BLM and all

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

DraftKings shares surge 16% after Michael Jordan joins betting company as board advisorHow does an owner of an NBA team become a board member of a gambling site without a conflict of interest? I'm puzzled with this one. NBA mcuban DraftKings LOL incarceratedbob caminho_jr 🥶🔥🥶🔥🥶🔥
Source: CNBC - 🏆 12. / 72 Read more »

DraftKings shares pop 7% after Michael Jordan joins betting company as board advisorShares of DraftKings jumped 7% on Wednesday after the company said Michael Jordan is joining the betting company as a special advisor. I've read many reviews by people who have tried draft kings...they said the website is as crooked and cheating as possible. This was about 5 years ago - not sure how it is now.
Source: CNBC - 🏆 12. / 72 Read more »

Michael Jordan Invests In DraftKings, Becomes Advisor To Company’s BoardMichael Jordan, the NBA immortal who is chairman of the Charlotte Hornets, has taken an equity stake in sports betting firm DraftKings and become a special advisor to the company’s board of d… Damnit, if it’s anything like the Hornets...SELL! Irony is dead.
Source: DEADLINE - 🏆 109. / 63 Read more »