DraftKings (DKNG): Q3 earnings report

first_img“The resumption of major sports such as the NBA, MLB and the NHL in the third quarter, as well as the start of the NFL season, generated tremendous customer engagement,” DraftKings CEO Jason Robins said in a press release.The company also raised its fiscal year 2020 guidance to a range of $540 to $560 million, from a range of $500 to $540 million. DraftKings said it expects $750 million to $850 million in revenue for 2021.DraftKings spent millions last quarter on its partnerships, including with Michael Jordan in an equity deal, the New York Giants, Chicago Cubs, Turner Sports and ESPN.- Advertisement – Shares of sports betting company DraftKings jumped more than 7% in premarket trading Friday after the company reported better-than-expected third quarter results and a surge in users.Here are the results:Loss per share: 57 cents, vs 61 cents expected, according to a Refinitiv survey of analystsRevenue: $133 million, vs $132 million expected, according to RefinitivThe company said its monthly unique payers surpassed 1 million, a 64% increase compared to the same quarter a year ago.- Advertisement – – Advertisement – The company had been looking to increase its brand exposure as it fought to gain market share in the growing sports betting landscape. Currently, 19 states, plus Washington D.C., allow online sports betting. Six states legalized sports wagering but are not yet operational, while two states are working on legislation to allow betting.  DraftKings in April combined with Diamond Eagle Acquisition Corp., a special purpose acquisition company (SPAC), and gaming technology provider SBTech to make its public debut. The company’s stock has gained 285.51% this year as of Thursday’s close.Subscribe to CNBC on YouTube.center_img The entrance from the elevators, designed to resemble a tunnel entering a stadium, is pictured at the new DraftKings office in Boston on March 25, 2019.David L. Ryan | The Boston Globe via Getty Images – Advertisement –last_img read more

BetVictor ups player security installing two-factor authentication

first_img BGC: Charities win big as bookies take beating in Britannia Stakes June 19, 2020 StumbleUpon BetVictor boosts casino portfolio with EveryMatrix’s CasinoEngine June 25, 2020 Submit EveryMatrix ups CasinoEngine gamification tools with CompetitionLabs June 29, 2020 Related Articles BetVictor has deepened its commitment to safeguarding players by introducing a two-factor authentication as it looks to protect all new and existing customer accounts.The in-house-developed ‘multi-factor authentication’ will safeguard against compromised account details and significantly reduce the risk of a customer becoming the victim of fraud or identity theft.With 81% of hacking-related data breaches resulting from weak or stolen passwords (Verizon, 2017), this extra layer of security from BetVictor seeks to ensure customer accounts are secure before their initial deposit and during all future transactions.BetVictor has introduced 2FA via SMS, meaning every new and existing customer that opts-in will receive a unique code on their mobile device to authenticate their registration. BetVictor joins a handful of industry operators currently offering this technology as part of its commitment to prioritising customer security.Jonathan De La Rosa, Chief Technology Officer at BetVictor, commented on the importance of the new technology: “Online crime and internet fraud are on the rise and businesses with an online presence are targets,” he said.“Thus, it’s crucial for our company to have effective security systems in place to mitigate the risk of security breaches. A large number of cyber-attacks are password related and integrating multi-factor authentication on our platforms, demonstrates our continued efforts to safeguard our customers’ data.“We’re proud of what we’ve achieved so far with our products and we’ll continue to develop this service as part of our commitment to our customers and our mission to provide best-in-class technology solutions.” Share Sharelast_img read more