DraftKings, said it will go public on Wall Street Friday against a backdrop of a near-complete shutdown of athletic competition across the globe due to the coronavirus pandemic.

DraftKings shares will trade on the Nasdaq under the ticker symbol “DKNG.” The company did not go public through the traditional route of selling new stock via an initial public offering.

DraftKings’ move to Wall Street was sealed Thursday after shareholders of a blank-check company, Diamond Eagle Acquisition Corp, approved a merger. Blank check companies typically are publicly traded but have no operations of their own and aim to acquire or merge with others.

The two are also combining with sports betting provider SBTech. The new company will have an initial market value of $3.3 billion.

SBTech’s CEO, Richard Carter will remain an advisor to DraftKings and Andrew Cochrane, will become SVP, Commercial Development (Enterprise) focusing on the B2B business in the United States. The International organisation will be led by Shay Berka who will become Chief International Officer of Draftkings.

DraftKings co-founder and CEO Jason Robins will remain the head of the merged company. In a telephone interview with The Associated Press, Robins said he believes that the long-term outlook for sports gambling remains strong, and that the company may even benefit from pent-up fan enthusiasm when games return.

“I hope and believe that sports will come back and people will continue to have a strong appetite for sports,” Robins said. “If there is a trend away from being outdoors and going to the public places, you could actually see an increase in sports viewership once traditional sports are being played again. You could also see an increase in online activity.”

States with dwindling tax revenues could also turn to sports gambling as a source of funds, Robins said. Since the U.S. Supreme Court lifted a federal ban, 14 states have legalized sports betting in some format. DraftKings operates a sportsbook in eight of them, with its fantasy sports offerings available in 43 states in all.

Robins noted that the company’s digital nature also gives it an advantage in a future where social distancing is more prevalent.

“We don’t have a big brick and mortar presence, where a lot of our employees are literally not able to go into work,” he said.