Genius Sports Limited - GENI STOCK NEWS

Genius Sports Limited (NYSE: GENI) has partnered with Golden Nugget Online Gaming (NASDAQ: GNOG) to provide official data and trading solutions for major sports including the NFL and NASCAR. This partnership will enhance GNOG's betting offerings through Genius Sports’ award-winning LiveData and LiveTrading solutions. With exclusive data rights for leagues such as the English Premier League and Liga MX, this collaboration aims to improve customer engagement and support a sustainable sports betting ecosystem.

Playmaker has partnered with Genius Sports (NYSE:GENI) as the exclusive reseller of Yardbarker’s digital advertising inventory. This collaboration aims to enhance Playmaker's relationships with major sportsbooks globally. Yardbarker attracts over 4 million unique users monthly and has a newsletter reaching over 360,000 subscribers. Genius Sports brings over a decade of media buying experience, allowing Yardbarker to maximize revenues from the expanding U.S. betting market. The partnership is poised to leverage Playmaker's unique assets across the Americas.

Genius Sports (NYSE: GENI) has partnered with Penn Interactive to fuel the Barstool Sportsbook with its comprehensive sports data and fan engagement solutions. This long-term agreement provides Barstool Sportsbook access to official data from major sports leagues, including the NFL and EPL, enhancing their marketing and engagement efforts. Barstool currently operates in nine U.S. states, and this partnership aims to expand its reach and improve wagering opportunities for users. The collaboration highlights Genius Sports' role in the growing U.S. sports betting market.

Genius Sports (NYSE: GENI) has secured a significant partnership with 888 Holdings to provide official sports data and trading solutions for SI Sportsbook in the U.S. This agreement enhances Genius Sports' existing collaboration with 888, allowing the sportsbook to utilize comprehensive data for major U.S. sports like the NBA, NCAA, NASCAR, and NFL. The partnership aims to elevate the user experience for SI Sportsbook, launched initially in Colorado, by integrating real-time statistics and advanced betting capabilities, further strengthening Genius Sports’ role in the betting and media landscape.

Genius Sports Limited (NYSE:GENI) reported a substantial growth in Q2 2021, with revenue exceeding $55.8 million, a 108% year-over-year increase. Adjusted EBITDA rose 126% to $5.2 million. The company enhanced its market position by acquiring Spirable, Second Spectrum, and FanHub, while securing strategic partnerships with major sportsbooks. A public offering raised $435 million, contributing to a tightened revenue guidance of $255-$260 million for 2021. Despite these achievements, the net loss reached $464.2 million, highlighting ongoing financial challenges.

Genius Sports Limited (NYSE: GENI) has received a Temporary Event Wagering Supplier license from the Arizona Department of Gaming, allowing it to power sportsbook partners in Arizona, now totaling 16 U.S. states. This licensing follows a recent certification in Wyoming. Sports betting in Arizona is set to launch on September 9, with partners like BetMGM, DraftKings, and FanDuel also licensed. CEO Mark Locke expressed excitement about enhancing sports betting experiences in the state.

Genius Sports Limited (NYSE:GENI) has expanded its supplier agreement with WynnBET, now an Approved Sportsbook Operator for the NFL. This partnership will include the provision of official NFL data, play-by-play statistics, and fan engagement solutions. It builds on their existing relationship, enhancing WynnBET's offerings with trading solutions and data from international soccer leagues. The deal marks a strategic move to enhance customer engagement across WynnBET's seven operational states, including New Jersey and Michigan.

Genius Sports (NYSE:GENI) has entered a strategic partnership with Caesars Entertainment (NASDAQ:CZR), granting Caesars access to Genius' extensive portfolio of official sports data feeds. This agreement enhances Caesars’ sportsbook with essential data for betting on NFL, NASCAR, and other global sports. As part of the deal, Genius will also provide marketing technology to enhance customer engagement and acquisition. Both companies aim to elevate the betting experience and capitalize on the growing sports betting market in the U.S., improving their brand offerings and monetization opportunities.

Genius Sports (NYSE:GENI) has received a long-term Online Sports Wagering Vendor Permit from the Wyoming Gaming Commission. This approval enables Genius Sports to operate in 15 U.S. states, enhancing its capabilities in delivering data, streaming, and marketing solutions for sportsbooks. Wyoming joins the list of states legalizing online sports betting, marking it as the 23rd state to do so. CEO Mark Locke expressed enthusiasm about expanding in the U.S. market and supporting sportsbook partners like DraftKings and BetMGM.