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Apr 25, Xherald -- As the gambling industry evolves, and the United States sees a run of legalization on different forms of wagering.


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DraftKings Inc. Since then, every conceivable avenue for the smartphone to be used has opened up. The company became a huge favorite with younger people due to the surge in popularity of fantasy football. That offering consists of 33 million shares, with 14 million coming from DraftKings and 19 million being offered by certain selling stockholders. Lee Jackson. It provides users with daily sports, sports betting and iGaming opportunities. Skip to content. June 19, am.{/INSERTKEYS}{/PARAGRAPH} The company was formerly known as VGambling and changed its name in May The company signed a binding Letter of Intent in May to acquire LHE Enterprises, the holding company of online sportsbook and casino operator Argyll Entertainment and its operating support subsidiaries. The stock has since surged and the company is having a secondary offering this week. Some companies offer every possible wager on sports, with proposition betting on every part of every contest. There is a massive fan base for fantasy football as well. {PARAGRAPH}{INSERTKEYS}Everything changed on January 9, , when the legendary co-founder of technology behemoth Apple, Steve Jobs, announced the first iPhone at the Macworld convention. The offering was not an IPO in the truest sense because DraftKings came public through a merger with a special purpose acquisition company called Diamond Eagle, but similar rules applied. Since launching its flagship brand, Sportnation, in the summer of , Argyll has established itself as a fast-growing and innovative gaming company within the U. There were no Buy ratings on the company so far, but there is a good chance there will be coverage soon. It also is involved in the design and development of sports betting and casino gaming platform software for online and retail sportsbook and casino gaming products. One area benefiting from the growth and sophistication of technology is gambling, especially sports betting online. You can even bet on the coin toss in football games. The floodgates for those tired of using the bookie down the street were opened in when the Supreme Court ruled states could legalize sports betting, striking down a federal law that had prohibited most states from authorizing sports betting. Just 13 short years ago, basically everything you needed with all the information known to man became available in a device that was called a smartphone. Esports Entertainment Group Inc. Canaccord Genuity is one of many firms with a Buy rating. It offers bet exchange style wagering, player versus player betting and betting on professional e-sports events. It also operates Vie, an online e-sports wagering website. Additionally, the underwriters have the option to purchase up to an additional 4. The company entered the market back in April in a time when most companies were putting off their initial public offerings. The 6 to 3 ruling was a victory for states that had long considered allowing sports gambling as a way to encourage tourism and tax revenue.