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DraftKings talks to replace Sands on Long Island casino bid end

Deals & M&A

DraftKings will not take over Las Vegas Sands’ Long Island casino bid, with negotiations between the companies reported to have ended. Sands has not identified a replacement gaming partner ahead of the 27 June deadline for New York City-area casino applications, while it continues seeking zoning changes for the Nassau Coliseum site.

The lack of a replacement partner leaves Sands’ Long Island casino proposal without an identified gaming operator before the application deadline.

End-of-day close DraftKings (DKNG), USD, to 11 July 2025
Story date14 April 202511 July 2025

Latest reported results

DraftKings NASDAQ: DKNG

Quarter ended 30 September 2026

Revenue
USD 1.33bn10-Q filing 0001883685-26-000041
Operating income
−USD 493.1m10-Q filing 0001883685-26-000041

Las Vegas Sands NYSE: LVS

Quarter ended 30 September 2026

Revenue
USD 3.22bn10-Q filing 0001300514-26-000103
Operating income
USD 618.0m10-Q filing 0001300514-26-000103

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Analysts assess gambling stocks and Maine igaming prospects

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