Business
Century Casinos Partners with bet365 for Internet Sports Betting in Colorado
COLORADO SPRINGS, Colo., May 19, 2020 /PRNewswire/ -- Century Casinos, Inc. (Nasdaq Capital Market®: CNTY) ("Century Casinos" or the "Company"), announced
About this update from Century Casinos, Inc.
[{"type":"text","content":"COLORADO SPRINGS, Colo., May 19, 2020 /PRNewswire/ -- Century Casinos, Inc. (Nasdaq Capital Market®: CNTY) (\"Century Casinos\" or the \"Company\"), announced today that it has finalized an agreement with bet365 to become the company's second internet sports betting operator partner in Colorado. The Company, through a subsidiary, has already obtained its master license with the State of Colorado. bet365 will complete the necessary application and approval process with the State of Colorado. They will operate an internet and mobile sports betting application under the bet365 brand.\n\n \n \n \n \n \n \n\n \nThe online sportsbook operations agreement with bet365 is a 10-year agreement that includes a minimum annual revenue guarantee and a percentage share of net gaming revenue payable to the Company each year, with an advance fee being paid on contract signing. \nThe Company has one more master license available for an internet sports betting partnership in Colorado.\nAbout bet365:\nbet365 is the world's largest online sportsbetting company with annual sportsbook revenues of almost $4 billion and over 4,600 employees. bet365 offers the industry's widest range of 'in-play' sports betting events with around 75 sports covered and over 190,000 events being live video streamed annually on the bet365 sites, offering customers the ability to watch those sports events whilst betting. The bet365 brand is licensed and regulated in multiple jurisdictions including New Jersey, Great Britain, Denmark, Spain, Italy, Ireland, Sweden, Greece, Cyprus, Malta, Gibraltar and Australia and has multiple other license applications pending or in process. bet365 has extensive experience at working with local licensing, regulatory and reporting requirements and pays substantial duties and license fees in each of those jurisdictions. bet365 is recognized as an industry leader and has been the winner of many industry awards including the eGamingReview Operator of the Year and Sportsbetting Operator of the Year, and is currently rated #1 in the eGR Power 50' as a result of its reputation and influence within the industry.\nAbout Century Casinos, Inc.:\nCentury Casinos, Inc. is a casino entertainment company. The Company owns and operates Century Casino & Hotels in Cripple Creek and Central City, Colorado, and in Edmonton, Alberta, Canada; the Century Casino i...