Las Vegas-based sports betting brand Circa Sports has joined forces with casino operator Century Casinos to launch online sports wagering services in the state of Colorado.
Under the 15-year agreement, Circa Sports intends to roll out its mobile sports betting application in the state, in association with one of Century’s Colorado Master Licenses for sports wagering.
The app is expected to launch on or around May 1, 2020, with Century and Circa Sports having submitted applications to secure the necessary licenses prior to this proposed go-live date.
The agreement also includes a market access fee, a share of net gaming revenue and a minimum revenue guarantee payable to Century on every year of the deal.
“Colorado has proven to be an ideal place to mark the official expansion of Circa Sports outside of Nevada with its pro-growth regulatory environment,” Circa Sports’ chief executive Derek Stevens said.
“Furthermore, the Colorado Division of Gaming has done an excellent job to ensure a seamless application and launch process.”
Should the launch go ahead as expected, Century will have two further Master Licenses available for sports betting partnerships in the state.
Colorado legalized sports betting in November of last year after citizens of the state approved the measure via a referendum. The proposition received 51.1% of the vote, with 756,720 people voting in favour of legalizing sports betting.