Tuesday on the markets: Genius top gainer, Sportradar biggest loser
Summary: Today among online gambling stocks with significant exposure to the U.S. market, Genius Sports (+7.6%) led the gainers, while its rival, Sportradar, paced the losers (-2.5%). Among the notable gainers were GAN (+3.4%), DraftKings (+3.1%), and DraftKings takeout target Golden Nugget Online Gaming (+3.1%). Losers today included Churchill Downs (-1.0%), 888 (-0.5%), and IGT […]
Genius Sports Ready to Launch in West Virginia
Summary: Sports data technology firm Genius Sports has been issued a permanent sports wagering license in West Virginia. The new license means that the company has been approved to operate in 13 states across the US. Why it matters: A number of foreign companies have been able to enter the US gaming market, lending new […]
Genius Sports to Purchase FanHub Media
Summary: Data firm Genius Sports has reached an agreement to purchase FanHub Media Holdings, a tech company that focuses on free-to-play gaming products. This is the first acquisition made by Genius since it began trading on the NYSE two weeks ago. Why it matters: FanHub was founded in 2012 and specializes in free gamification of […]
Genius Sports Makes Brand Changes as it eyes NYSE Listing
Summary: Genius Sports Group is to bring its full portfolio of solutions under the single Genius Sports brand, ahead of its expected listing on the New York Stock Exchange. The legacy Betgenius and Genius Sports Media brands have been discontinued, with solutions and product development under Sportstech, Video, Sportsbook and Media & Engagement continuing. Why […]
NFL, Genius Sports Strike Data Deal
Summary: The NFL will award Genius Sports the exclusive rights to distribute gambling data to sports books around the world. The league has an equity stake in the sports gambling data company. Why it matters: Official data feeds are one of the most direct ways leagues can profit off the expansion of US sports gambling. […]