DK / FD have been a mess since the failed merger. Having a competitive duopoly pushed their marketing budgets through the roof and CPA ran miles ahead of per-cu

DK / FD have been a mess since the failed merger. Having a competitive duopoly pushed their marketing budgets through the roof and CPA ran miles ahead of per-customer lifetime worth. This $400 million really isn't much of a lifeline based in their historical burn rates. As for SBTech, they're really not that interesting, just a platform vendor As for the valuation, I mean that seems to have come about via rattling pig bones doused in goat blood. A fund that can only just cover the claimed cash injection of the deal, DK had upto 60% wiped off after a $2billion valuation and a tech vendor to some medium size casinos.