IGT

International Game Technology has announced impending Us expansion after entering an agreement to power the Circa Sports Colorado mobile sports betting app.

Set to be undertaken via the IGT PlaySports platform it follows Circa Sports, spearheaded by casino owner and Downtown Las Vegas developer Derek Stevens, announcing its plans earlier this year following a link-up with Century Casinos.

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.

The cooperation represents an initial 15-year link-up that includes a market access fee, a share of net gaming revenue and a minimum revenue guarantee payable each year.

“We look forward to introducing patrons and sports fans in Colorado to the excitement of Vegas-style sports betting through the Circa Sports Colorado mobile app,” Stevens commented 

“IGT is the ideal partner for our sports betting expansion. The IGT PlaySports platform continues to prove its ability to support world-class sports betting operations across the US, and I am confident it will enable us to quickly differentiate Circa Sports in Colorado and beyond.”

IGT PlaySports is currently powering sports betting across 11 US states and at venues ranging from commercial and tribal-run casinos to lottery-run destinations and a racetrack.

“Together with Circa Sports, IGT will expand its PlaySports footprint into Colorado, another US state with compelling sports betting growth opportunities for IGT and our customers,” said Enrico Drago, IGT PlayDigital senior vice president

“Circa Sports is a forward-thinking sports betting provider and we look forward to helping them realize their vision of entertaining users with leading multi-state sports betting experiences through our PlaySports technology and services.”

According to analysts at PlayColorado, at maturity the Centennial State could potentially annually generate up to $6bn in bets, $400m in gross operator revenue and $40m in tax revenue.