In a recently published SEC filing of DraftKings, some high profile investors of the betting company were revealed. Amongst them: the family office of George Soros. DraftKings went public on April 24, 2020.
Soros Fund Management Owns 2.83 Million Shares of DraftKings
Soros’ family office, Soros Fund Management, owns 2.83M shares of Draft Kings. On May 11, these shares were worth $69M. DraftKings is the first investment of the Soros family office within the fantasy sports and betting segment. Besides that, Soros Fund Management also invested in casino operators Caesars Entertainment or Eldorado Resorts. Besides that, also WaltDisney is another well-known investor of DraftKings.
George Soros: From Hedge Fund Manager To Family Office Investor
George Soros is a well-known hedge fund investor. The American investor with Hungarian roots studied at the London School of Economics. He started working for trade bank Singer & Friedlander in 1954, his financial success started when taking over the Quantum Funds together with Jim Rogers in 1968. Today, Soros’ family office manages assets in the amount of $25BN. His family office is an active investor. Besides stocks, Soros also invests in startups like AlphaSense.
Sources
Casino.org, 21.05.2020
Michał Parzuchowski, 21.05.2020
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