DraftKings Inc. (Nasdaq: DKNG) and national entertainment concept,
Sports & Social, announced today a strategic new relationship
to create upscale Sports & Social/DraftKings sports bars
beginning in the Nashville and Detroit markets, pending regulatory
approvals. The collaboration brings together Sports & Social’s
market leadership in operating high-energy, first-class dining and
entertainment venues with DraftKings’ top-rated and
industry-leading sports gaming platforms. Together, the integration
forms one of the most exciting new offerings in sports betting and
entertainment for DraftKings and Sports & Social fans across
the nation. The Sports & Social/DraftKings venues will be
designed by ICRAVE, an internationally acclaimed award-winning
strategy, design, and development firm, and promises to fill a
niche by providing an upscale, premier sports and entertainment
experience.
“Today, so much of sports betting is focused on the
mobile-technology aspect, however the in-person experience is an
integral layer that we look forward to advancing alongside Sports
& Social’s premier dining and entertainment offerings,” said
Ezra Kucharz, chief business officer at DraftKings. “By aligning
with one of the fastest-growing entertainment concepts in the
country, we now have the opportunity to bring our world-class
products to life by offering engaging, interactive and fan-first
destinations to skin-in-the-game customers.”
DraftKings operates in 14 states with online and retail
sportsbooks, with several additional new markets on the horizon.
Whether betting on mobile devices or in person at one of the 10
retail locations across the United States, DraftKings offers
customers comprehensive betting markets and options, including live
wagers and player proposition wagers. Additionally, DraftKings has
sponsorship deals with several professional sports teams and
leagues which include experiential elements for its customers.
A powerhouse name in dining and entertainment, Sports &
Social is an upscale gaming parlor and social lounge that features
the best in sports-watching and state-of-the-art audio/visual
displays, made-from-scratch menu items, curated cocktails and
exciting entertainment. Sports & Social is a concept by Live!
Dining & Entertainment, a division of The Cordish Companies. A
leader in the food & beverage industry, Live! Dining &
Entertainment is one of the largest and most successful developers
and operators of restaurants and entertainment concepts in the
United States. Live! proudly welcomes 55 million visitors a year to
its award-winning dining, entertainment, music, casino, hotel and
sports-anchored destinations and venues nationwide.
“DraftKings is an industry leader in sports betting and
entertainment, and we are incredibly excited to work with them to
bring this new experience to life,” stated Reed Cordish, Principal
of The Cordish Companies. “We are always looking to create new and
innovative experiences for our guests and this collaboration will
allow us an exciting opportunity to do so, bringing an incredible
premier sports-watching experience with sports betting all under
one roof.”
Sports & Social is currently located at the front door of
professional sports stadiums, high-profile entertainment districts
and world-class casino-resort destinations around the country
including The Battery adjacent to Truist Park in Atlanta, GA;
Ballpark Village adjacent to Busch Stadium in St. Louis, MO; Texas
Live! in heart of the Arlington Entertainment District; Live!
Casino Pittsburgh in Pittsburgh, PA; Live! Casino & Hotel
Philadelphia in Philadelphia’s Stadium District and Live! Casino
& Hotel Maryland in the Baltimore/Washington Corridor, one of
the largest and most successful casino-resort destinations in the
country. Locations of the Sports & Social/DraftKings venues
will be announced in the coming months.
About DraftKingsDraftKings Inc. is a digital
sports entertainment and gaming company created to fuel the
competitive spirit of sports fans with products that range across
daily fantasy, regulated gaming and digital media. Headquartered in
Boston, and launched in 2012 by Jason Robins, Matt Kalish and Paul
Liberman, DraftKings is the only U.S.-based vertically integrated
sports betting operator. DraftKings is a multi-channel provider of
sports betting and gaming technologies, powering sports and gaming
entertainment for 50+ operators in 17 countries. DraftKings’
Sportsbook is live with mobile and/or retail betting operations in
the United States pursuant to regulations in Colorado, Illinois,
Indiana, Iowa, Michigan, Mississippi, New Hampshire, New Jersey,
New York, Oregon, Pennsylvania, Tennessee, Virginia and West
Virginia. DraftKings’ daily fantasy sports product is available in
7 countries internationally with 15 distinct sports categories.
DraftKings is the official daily fantasy partner of the NFL, MLB,
NASCAR, PGA TOUR and UFC as well as an authorized gaming operator
of the NBA and MLB, an official betting operator of the PGA TOUR
and the official betting operator of UFC. DraftKings also owns
Vegas Sports Information Network, Inc. (VSiN), a multi-platform
broadcast and content company.
About The Cordish
CompaniesThe Cordish Companies’ origins date back to
1910 and encompass four generations of privately-held, family
ownership. During the past ten decades, The Cordish Companies
has grown into a global leader in Gaming; Commercial Real Estate;
Entertainment Districts; Sports-Anchored Developments; Hotels;
Residential Properties; Restaurants; Coworking Spaces; and Private
Equity. One of the largest and most respected developers in the
world, The Cordish Companies has been awarded an unprecedented
seven Urban Land Institute Awards for Excellence for public-private
developments that are of unique significance to the cities in which
they are located. The Cordish Companies has developed and
operates highly acclaimed dining, entertainment and hospitality
destinations throughout the United States, many falling under
The Cordish Companies’ Live! Brand, highly regarded as one of
the premier entertainment brands in the country. Welcoming over 55
million visitors per year, these developments are among the highest
profile dining, entertainment, gaming, hotel and sports-anchored
destinations in the country. Over the generations, The Cordish
Companies has remained true to the family’s core values of quality,
entrepreneurial spirit, long-term personal relationships, and
integrity. As a testimony to the long-term vision of its family
leadership, The Cordish Companies still owns and manages
virtually every business it has created. For more information
visit www.cordish.com or follow us on Twitter.
“The Cordish Companies,” “The Cordish Company” and
“Cordish” are trademarks used under license by independent
corporations, legal liability companies and partnerships (“Cordish
Entities”). Each Cordish Entity is a separate, single-purpose
legal entity that is solely responsible for its obligations and
liabilities. No common operations or financial interdependency, and
no intermingling of assets or liabilities of the Cordish
Entities exists, or should be deemed to exist, as a result of the
potential common reference to multiple independent entities
operating under the names “Cordish,” “The Cordish Companies”
or “The Cordish Company” here or elsewhere.
About Sports & SocialSports & Social is
a powerhouse concept that offers its guests a complete food and
beverage, sports viewing and entertainment experience. Each venue
boasts state-of-the-art AV technology showcasing the top sports
events year-round, a wide variety of interactive social games, and
live music and events throughout the week. Sports & Social is
located in high-profile entertainment districts, world-class casino
resort destinations, and at the front door of professional sports
stadiums around the country. Sports & Social is a concept by
Live! Dining & Entertainment, a division of The Cordish
Companies. Recognized as a leader in the food & beverage
industry, Live! Dining & Entertainment is one of the largest
and most successful developers and operators of restaurants and
entertainment concepts in the United States. Sports & Social is
experiencing significant growth and continues to expand
nationwide.
Forward-Looking StatementsCertain statements
made in this release are “forward looking statements” within the
meaning of the “safe harbor” provisions of the United States
Private Securities Litigation Reform Act of 1995. When used in this
press release, the words “estimates,” “projected,” “expects,”
“anticipates,” “forecasts,” “plans,” “intends,” “believes,”
“seeks,” “may,” “will,” “should,” “future,” “propose” and
variations of these words or similar expressions (or the negative
versions of such words or expressions) are intended to identify
forward-looking statements. These forward-looking statements are
not guarantees of future performance, conditions or results, and
involve a number of known and unknown risks, uncertainties,
assumptions and other important factors, many of which are outside
DraftKings’ control, that could cause actual results or outcomes to
differ materially from those discussed in the forward-looking
statements. For a discussion of additional risks and uncertainties,
which could cause actual results to differ from those contained in
the forward-looking statements, see DraftKings’ Securities and
Exchange Commission filings. DraftKings does not undertake any
obligation to update or revise any forward-looking statements,
whether as a result of new information, future events or otherwise,
except as required by law.Media
Contactsmedia@draftkings.com
@DraftKingsNews
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