Business By The Books: Genius Sports Stock Jumps On NFL Betting Renewal

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The NFL again proved it is the king of US sports betting last week when Genius Sports stock jumped significantly on news of a contract extension.

Genius extended its deal with the NFL last Thursday to remain the exclusive official data partner of the league. The extension added the right to distribute low-latency Watch & Bet NFL broadcasts to US sportsbooks.

The NFL betting extension news was a huge boost for New York listed GENI, which closed Friday at $7.48 and was still climbing in after-hours trading. That is up from 28.7% from Wednesday‘s close of $5.81.

The majority of the jump came following Thursday’s news when the stock traded with 20.2 million volume and closed at $7.30.

FanDuel pushes horse racing in slow sports betting season

FanDuel is trying to turn more sports bettors on to betting on horse racing while the sports betting season is at its slowest point of the year.

The sportsbook is throwing its first Race Players Appreciation Day at Mohegan Sun on July 16. Included at the event is a complementary book signing with author Richard Eng, who wrote “Betting on Horse Racing for Dummies.”

Elsewhere, FanDuel is the first authorized gaming operator and official sportsbook partner of the Canadian Football League.

UK’s bet365 making its presence known

UK betting giant bet365 grabbed enough Ohio sports betting market share to place third in online handle in May.

The company accounted for 7.5% of online handle for the month.

The Virginia Lottery should give an update at its Wednesday meeting on handle and promotion share, which would be the first look into how bet365 is performing in the state.

Caesars joins mobile Puerto Rico sports betting market

Caesars Sportsbook is live with mobile sports betting in Puerto Rico.

The launch follows an in-person Caesars Sportsbook opening at Casino Metro in December.

BetMGM became the first operator live with mobile sports betting in Puerto Rico last month.

GeoComply adds to leadership team

Lindsey Drake and Kelly Schaefer are joining the GeoComply leadership team to help with the company’s continued growth.

Drake will serve as CFO, while Schaefer will be the company’s chief human resources officer.

“As we continue to expand our market presence and develop groundbreaking cybersecurity solutions, their contributions will be critical in driving our growth and further solidifying our position as a global leader,” said CEO Anna Sainsbury.

Hard Rock sportsbook opens at Twin Arrows Navajo

The Navajo Nation‘s Twin Arrows casino in Flagstaff, Ariz., held the grand opening of the Hard Rock Sportsbook on Saturday.

The sportsbook replaced a sports bar and restaurant and includes eight kiosks and two windows.