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ON AUGUST 3RD, the DraftKings stock price closed at $16.82, down significantly from its 52-week high of $64.58. People are gambling on sports, but the companies aren¡¯t benefiting ¡ª at least, not on Wall Street. So what gives?

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When questioned about the know-how and knowledge of online Gambling, Alvin Chau responded saying, he did not gamble and was not familiar with gambling operations.
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