DraftKings (DKNG) In Focus After Shareholders Back Multibillion Dollar Gaming Merger

DraftKings (NasdaqGS:DKNG) is in focus after Caesars Entertainment investors backed a multibillion dollar merger with Fertitta Gaming. Shareholders of Caesars Entertainment approved the Fertitta Gaming tie up at a special meeting held ahead of completion of the transaction. Tilman Fertitta, who controls Fertitta Gaming and drove the Caesars deal, is also the largest shareholder in DraftKings. The Caesars and Fertitta Gaming merger approval, with Tilman Fertitta tied to DraftKings, is only...