Century Casinos has finalized an agreement with Tipico to become the third internet sports betting partner of Century’s Central Casino in Colorado. Through a subsidiary, Central has already obtained its master license from the state. After Tipico completes the necessary application and approval process, it will operate an internet and mobile sports betting app under the Tipico brand.
“Century Casinos will introduce sports fans throughout Colorado to our brand and technology,” said Adrian Vella, managing director, U.S. business for Tipico.
The online sportsbook operations agreement with Tipico is a 10-year agreement that includes a one-time market-access fee being paid to Central Casino on contract signing, plus a minimum annual revenue guarantee and a percentage share of net gaming revenue.
“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,” said Erwin Haitzmann and Peter Hoetzinger, co-chief executive officers for Century Casinos.
Central Casino’s two other internet sports betting partnerships in Colorado are with Circa Sports and bet365.
