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Playtech Activist Investor Pitches Idea of DraftKings Making Bid

BNN Bloomberg

(Bloomberg) -- It’s been a tough day for DraftKings Inc., with the online gambling company reporting a steeper-than-expected loss and facing a tax issue that could squeeze it even more. Jason Ader, a longtime casino-industry investor, think he knows what could help. He’s pitching the idea of DraftKings acquiring one of his holdings, the European gaming company Playtech Plc, as a way to shore up profit...

Mentions: Management acquisition stake