Sports Stocks Can’t Hide From Bears as Index Hits 18-Month Low
The JohnWallStreet Sports Stock Index suffered its worst month ever, falling 14% in April as 38 of the index’s 40 components finished lower, most down sharply, as…
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NFL Now Largest U.S. Shareholder in Genius Sports as Warrants Vest
The National Football League is now the largest American owner of equity in Genius Sports, controlling about 7.7% of the business after a new batch of warrants vested…
Super Group, Paramount Lead Mixed Month for Sports Stocks
Sports stocks eased slightly lower in March, marking the fifth time in the past six months that Wall Street has sold off the sector even as the broader market has…
Sports Stocks See February Bounce on Betting, Event Hopes
Sports stocks halted a four-month slide in February, posting modest gains as investors started embracing positive developments in sports betting and live events after a…
Soccer-Seeking SPAC With MLB Owner Raises $75 Million IPO
Counter Press Acquisition, a SPAC seeking a soccer team or other sports business, priced its initial public offering on the Nasdaq last evening, raising $75 million. The…
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Bears Come for Sports Stocks, as Betting Plays Lead Way Down Again
Sports betting stocks continue to get walloped by the bears, leading the JohnWallStreet Sports Stock Index down in January. The index lost 7.5% to begin the year…
Jim Dolan Doubles Pay Under New MSG Contracts
Jim Dolan, the controlling shareholder of Madison Square Garden Sports and Madison Square Garden Entertainment, has gotten a big raise for 2022. Dolan likely more than…
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F1 Paces Sports Stocks in 2021 as Betting Buys Stumble Into New Year
Auto racing stocks paced the JohnWallStreet Sports Stock Index for 2021, as shares of NASCAR track owner Dover Motorsports and Formula One each returned more than 50% in…
Catapult Tags NCAA, Baseball for Growth in Expanding Sports Tech Market
Australian sports data and analytics pioneer Catapult Sports sees U.S. colleges, baseball and ice hockey as three key growth areas for North America, as the market for…
Betting Stocks Blood Bath Drags Sports Index to Worst Month Ever
A combination of poor performance on October NFL bets, New York taxes on sports books and investors getting defensive spurred a broad sell-off in sports stocks in…
Genius Sports Stock Slides Despite NFL-Driven Rise in U.S. Sales
Genius Sports revenue grew 70% in the third quarter to more than $69 million, as its NFL data deal helped push U.S. sales to more than a fifth of its global business in…
Sportradar Revenue Jumps 30% as Deals Buoy Shares in Q3
Sports data and analytics giant Sportradar’s (Nasdaq: SRAD) revenue jumped 30% in the third quarter as business in the emerging U.S. sports betting market surged 119%…
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