Las Vegas-Based Circa Sports Cuts Sports Betting Deal With Colorado Hotel-Casinos
By Alan Snel of LVSportsBiz.com
In November 2019 Colorado voters approved sports betting and Las Vegas-based Circa Sports wasted little time in cutting a sports betting and mobile app deal with a hotel-casino company that owns hotel properties in Cripple Creek and Central City in Colorado.
Under the 15-year deal, Circa Sports — which runs the Golden Gate hotel-casino and the D Las Vegas sports betting operations — is introducing a satellite program at Century Casinos’ Colorado locations on May 1. Circa Sports is also running the multi-level stadium-style sports book at Circa Resort & Casino, which is scheduled to open in downtown Las Vegas in December.
“The Sportsbook Cooperation Agreement with Circa Sports is a 15-year agreement that includes a market access fee, a share of net gaming revenue and a minimum revenue guarantee payable to the Company each year. The app is expected to launch on or about May 1, 2020,” the Century Casinos media release said.
In the release, The D and Circa owner Derek Stevens said, “We are excited to be at the forefront of sports betting in Colorado with our partners at Century Casinos.
“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. Furthermore, the Colorado Division of Gaming has done an excellent job to ensure a seamless application and launch process.”
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