ON AUGUST 3RD, the DraftKings stock price closed at $16.82, down significantly from its 52-week high of $64.58. People are gambling on sports, but the companies aren¡¯t benefiting ¡ª at least, not on Wall Street. So what gives?
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Representatives for Penn Interactive, Hard Rock Digital and FanDuel raised similar concerns.
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In addition, Hard Rock Northern Indiana launched online sports betting apps earlier this month.