Category: Uncategorized

Fantasy sports and betting operator DraftKings has lowered its full-year revenue forecast after reporting widening losses in the third quarter. The company reported a 16.2% increase in Q3 revenue to US$1.33 billion, but its adjusted loss reached US$316.9 million in the three months to September, and it has lowered its full-year revenue forecast from US$6.7 billion to US$6.45. In its third quarter report, the…