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.
Playtech, an established player in Europe, generated earnings before interest, taxes, depreciation and amortization of 383 million euros ($453 million) last year. But its market value is less than $2 billion, compared with ...
