Century Casinos, Inc. Partners with Circa Sports for Internet Sports Betting

COLORADO SPRINGS, Colorado, Feb. 6, 2020 /PRNewswire/ -- Century Casinos, Inc. (Nasdaq Capital Market: CNTY) ("Century Casinos" or the "Company"), announced today that it has partnered with Circa Sports Colorado LLC ("Circa Sports") as one of its Internet Sports Betting Operators in Colorado. The Company, through a subsidiary, and Circa Sports have submitted applications with the State of Colorado to obtain the necessary licenses prior to May 1, 2020. The Circa | Sports mobile sports betting app will operate in association with one of the Colorado Master Licenses for sports wagering held by the Company's subsidiaries.

"We are excited to be at the forefront of sports betting in Colorado with our partners at Century Casinos," said Derek Stevens, CEO of Circa Sports. "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," Stevens concluded.

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.

In November 2019, Colorado voters approved Proposition DD ratifying state legislation approving sports wagering throughout the states. Rules are expected to be approved by the Colorado Division of Gaming in February 2020 and sports betting is expected to begin on May 1, 2020.  

The Company has two more Master Licenses available for sports betting partnerships in Colorado.

About Circa Sports Colorado LLC:
Helmed by casino owner and Downtown Las Vegas developer Derek Stevens, Circa Sports is blazing a new trail in the gaming industry by combining customer-first approach to business with a team of the country's top oddsmakers. Circa Sports boasts one of the most competitive wagering menus in Las Vegas and will be a leader in the city for sports futures. Following the company's launch at Golden Gate Hotel & Casino and the D Las Vegas, Circa Sports may also introduce a satellite program at Century Casinos' Colorado locations on May 1, 2020 and will introduce the multi-level, stadium style sports book at Circa Resort & Casino in December 2020.