Century Casino Inks bet365 Betting Agreement

Having debuted a collaboration with bet365, Colorado Springs headquartered Century Casinos has inked another sports betting agreement related to its home jurisdiction.

The finalised partnership, undertaken by a subsidiary and having already obtained its master licence with The Centennial State, will become the second Internet sports betting operator partner in Colorado for the company.

The company rolled out a deal with Circa Sports Colorado earlier this year, inking an initial 15-year link-up that includes a market access fee, a share of net gaming revenue and a minimum income guarantee payable per year.

The online gambling organisation will complete with the state of Colorado the necessary application and approval process, upon approval of which the group will operate an internet and mobile sports betting application under the bet365 brand.

The electronic sportsbook operating deal with bet365 is for an initial ten-year term that provides a guaranteed gross sales pledge and a percentage share of the net gambling income owed to the organisation next year, plus an advance fee due after completing the contract.

Century Casinos, which operates Century Casino and Hotel Cripple Creek and Century Casino and Hotel Central City in Colorado, has another master licence available for an additional internet sports betting partnership in the area.

This week, the casino operator announced that their Poland Casinos affiliate, of which the group owns a 66.6 per cent controlling stake, is reopening its eight casino establishments.

Casinos across Poland were suspended on March 13, 2020, keeping with a moratorium levied by the Polish Government to prevent COVID-19 outbreak. The law lifting the casino lockout requires psychological distancing procedures and improved measures for health and safety.

Century Casinos co-chief executive officers Erwin Haitzmann and Peter Hoetzinger noted: “We look forward to welcoming our guests and team members back to our Polish casinos. This is a first but very important step to lead our company back to normal operations.”