entury Casinos announced Thursday that it has partnered with Circa Sports Colorado as one of its Internet Sports Betting Operators in Colorado. The company, through a subsidiary, and Circa Sports have submitted applications with the State of Colorado to obtain the necessary licenses prior to May 1, 2020. The Circa Sports mobile sports betting app will operate in association with one of the Colorado Master Licenses for sports wagering held by the company's subsidiaries.
"We are excited to be at the forefront of sports betting in Colorado with our partners at Century Casinos," said Derek Stevens, CEO of Circa Sports. "Colorado has proven to be an ideal place to mark the official expansion of Circa Sports outside of Nevada with its pro-growth regulatory environment. Furthermore, the Colorado Division of Gaming has done an excellent job to ensure a seamless application and launch process," Stevens concluded.
The Sportsbook Cooperation Agreement with Circa Sports is a 15-year deal that includes a market access fee, a share of net gaming revenue and a minimum revenue guarantee payable to the company each year. The app is expected to launch on or about May 1, 2020.
In November 2019, Colorado voters approved Proposition DD ratifying state legislation approving sports wagering throughout the states. Rules are expected to be approved by the Colorado Division of Gaming in February 2020 and sports betting is expected to begin on May 1, 2020.
The company has two more Master Licenses available for sports betting partnerships in Colorado.