Why The Odds Are Stacked Against This Sports Gambling Billionaire’s Home Exercise Startup [Forbes]
DraftKings Inc. - Class A (DKNG)
Company Research
Source: Forbes
He now believes his new fitness company, Amp, could be even bigger—just don't remind him about Peloton. Or Mirror. Or... I n October 2020, Shalom Meckenzie was playing poker with his employees on a 192-foot yacht off the coast of Greece, celebrating that his gambling software company, the Isle of Man–based SBTech, had merged with DraftKings to go public via a SPAC in a $975 million deal a few months earlier. As the largest shareholder of DraftKings, Meckenzie became a billionaire that May when its share price passed $25. During one of the poker hands, he made a losing bet that would cost him hundreds of thousands of dollars—and inspire his next venture. One of his top product executives in Bulgaria weighed 280 pounds but had never been motivated to lose weight. Meckenzie, feeling flush with success, proposed a big wager. “I told him that if by the first of January you're below [220 pounds] I'm going to take a 300-foot yacht in the Caribbean, and you're going to choose all the pe
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DKNG
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- 11/6/25 - Beat
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Sec Filings
- 12/11/25 - Form 4
- 12/11/25 - Form 4
- 12/5/25 - Form 4
- DKNG's page on the SEC website