Century Casinos has announced an agreement with Tipico that designates the firm as its third internet sports betting operator partner in Colorado, following similar such partnerships previously rolled-out with Circa Sports and bet365.
The company, through a subsidiary, has already obtained its master license with the state of Colorado, with it said that Tipico will complete the necessary application and approval process to operate an internet and mobile sports betting application under the same name.
“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,” said Adrian Vella, managing director of US Business at Tipico.
The ten-year online sportsbook agreement includes a one-time market access fee being paid to Century Casinos on contract signing, plus a minimum annual revenue guarantee and a percentage share of net gaming revenue payable to the company each 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.”