- Bet365 has inked a ten-year partnership with Century Casinos in the state to be one of their internet sportsbook operators.
- Century Casinos is eligible to have three separate online sports betting platforms and bet365 is their second one.
DENVER - Century Casinos Inc. has made a partnership deal with bet365 to become an online sports betting platform for the company.
Bet365 will be the second internet sportsbook for Century Casino, which gives them one more open slot for a third operator in the future. The casino was granted a master license by the state of Colorado allowing them to make such deals with three separate online sportsbooks.
Bet365 and Century Casinos entered into a ten-year deal where there is a minimum annual guarantee of revenue that will be given to the casino along with a percentage of revenue from the entire yearly sum of net wagers taken by Bet365’s online platform.
There will be a payment advance fee from the sports betting operator that will be given to the casino upon the signing of final contracts when the internet operator has been fully licensed to do business in the Centennial State.
The mobile sportsbook is currently undergoing the application process to become a licensed sports betting business in the state of Colorado.
They will need to go through all of the steps of approval before the contracts are finalized with the casino. Once they are approved, Bet365 will become an operational internet sports betting platform with Century Casino.
Legal sports betting in Colorado started on May 1.
A handful of internet sports betting platforms have opened to residents in the state.
Due to the Coronavirus pandemic, retail locations have yet to make their debut. With the lack of sporting events currently taking place, the available sportsbooks have been offering sports bets on the most obscure sports.
Once major sports matchups resume, more people in the Centennial State will join local sports betting platforms like bet365.