Bet365 and Century Casinos Team Up For Colorado Sports Betting

Century Casinos, US casino operator, has ed forces with bet365 regarding their launch of sports betting services in Colorado.

The partnership was signed for 10 years, and under its , Century will operate internet and mobile sports betting app under bet365 brand.

Colorado Sports Betting Shaping Up

The deal also outlines…

…the “minimum annual revenue guarantee and a percentage share of net gaming revenue payable to Century per annum.”

Century has managed to secure the master license for Cripple Creek and Central City properties. These permits allow them to own and offer licensed retail sportsbook or an online sportsbook, or both.

Circa Sports has become Century’s sports betting brand partner after this Las Vegas-based company signed an agreement with the operator in February.

This deal was signed for 15 years and allows Century to launch sports betting app in the state which should have been launched on May 1st, but is postponed due to the global health crisis outbreak.

The deal with Colorado.

Online and Mobile Sports Betting Launch

Colorado has made online and sports betting legal on May 1st 2020…

…when several operators launched their sportsbooks.

Positive Assessment

Investors and analysts deem Century Casino one of their preferred facilities and companies for investing…

…especially after the brand has acquired venues in West Virginia and Missouri and made a $107 million deal with Eldorado Resorts. It has also underwent a massive expansion and, as one of the analysts have said, the company should get the Outperform rating.

Says analysts Chad Benyon that the company has doubled the earnings before interest, taxes, depreciation, amortization and restructuring or rent costs in 2015 and will again this year.

Source:

“Century partners bet365 for online sports betting in Colorado”, igbnorthamerica.com, May 20th 2020