DraftKings is one of the top daily fantasy sports and online gaming companies in the industry. Expansion into new markets for online sports betting is a big part of business plan. Apparently, deepening ties with Las Vegas is another big company initiative for 2020.
The local news source close to PlaySlots4RealMoney.com, broke the news of DraftKings’ plans early this week. The company now has office space at Town Square. This will serve as the Las Vegas headquarters for the Boston daily fantasy and online sports betting firm.
When WIll DraftKings Expand Their Company’s Presence in Las Vegas?
Plans call for an expanded workforce of more that 200 employees. The office is open and the expanded staff should all be in place by the end of the year. Matt Kalish is the president and co-founder of DraftKings. He view on the expansion is:
“This is an iconic city when it comes to online sports betting . It’s been the hub of all that activity in our country for many decades. We see ourselves as looking to integrate as deeply as possible into the community.”
The company president made his thoughts known this week during a media tour. DraftKings debuted the new office space at the Town Square location. The current staff in Las Vegas, Nevada is close to 70 employees. Including all of the company locations, DraftKings employees more than 900 workers nationwide.
The Las Vegas DraftKings staff is in place to:
- Handle customer service issues
- Initiate sports book trading
- Cove fraud protection
- Perform other technical tasks
A smaller facility in Las Vegas was opened in 2018. This consisted of a staff of 12. The expansion into the new space is leased from WeWork. The maximum capacity at Town Square is around 300 employees. Mr. Kalish went on to add:
“The opportunities with sports betting keep opening up nationwide. We want to make sure we continue to lead the pack. And, to do that, we needed to invest in Las Vegas and take advantage of some great talent that’s here in this market.”
One of the biggest hires was Johnny Avello. He was the former sports book director at Wynn Las Vegas. He came on board in 2018 to work in the same position for DraftKings.
His thoughts on the company’s Las Vegas expansion included the following comments: “Finding this location, it’s been in the works for a long time and, to me, it’s perfect. Town Square has great amenities and this is a great work environment. It’s also close to the airport for people who need to get in and out. Anywhere where sports betting is legal, we’re looking to be in that market.”
DraftKings was founded in Boston in 2012. Last year, the company announced plans to merge with two other industry firms; SBTech and Diamond Eagle Acquisition. The goal is to go public during the first half of 2020.
Kalish started the company in a spare bedroom with long-time friends Jason Robins and Paul Liberman. The concept of daily daily fantasy sports leagues grew rapidly in popularity with avid sports fans.