Following similar partnerships previously rolled out with Circa Sports and bet365, Century Casinos has announced an agreement with Tipico designating the company as its third internet sports betting operator partner in Colorado.
The company has already obtained its master licence from the State of Colorado through a subsidiary, stating that Tipico will complete the required application and approval process for the operation of an Internet and mobile sports betting application under the same name.
Adrian Vella, managing director of US Business at Tipico said: “Tipico is thrilled to partner with Century Casinos, a highly respected name in North American casino entertainment, to bring our fully mobile sports betting experience to Colorado and introduce sports fans throughout the state to our brand and proprietary technology.”
The ten-year online sportsbook deal involves paying Century Casinos a one-time market access fee on contract signing, plus a guaranteed annual revenue guarantee and a percentage share of the company’s net gaming revenue per year.
“We are very excited to be partnering with Tipico sportsbook, one of the top sports betting companies in the world, and we look forward to a long and prosperous relationship,” noted Erwin Haitzmann and Peter Hoetzinger, co chief executive officers of Century Casinos.
“The Colorado Division of Gaming has done an excellent job launching sports betting and we believe Colorado will be an ideal market for Tipico as they continue their expansion and growth in the United States.”