{"id":136422,"date":"2020-05-20T11:31:46","date_gmt":"2020-05-20T18:31:46","guid":{"rendered":"https:\/\/www.casino.org\/news\/?p=136422"},"modified":"2020-05-20T11:49:31","modified_gmt":"2020-05-20T18:49:31","slug":"century-casinos-lands-another-coloardo-sports-betting-partner","status":"publish","type":"post","link":"https:\/\/www.casino.org\/news\/century-casinos-lands-another-coloardo-sports-betting-partner\/","title":{"rendered":"Century Casinos Inks Colorado Online Sports Betting Deal With bet365, Analyst Likes Long-Term Outlook"},"content":{"rendered":"

Century Casinos (NASDAQ:CNTY) is adding to its sports betting offerings in Colorado. It has announced a partnership with bet365 that will see the companies offer offer internet and mobile sports betting in the Centennial State as the sports calendar increases following the coronavirus shutdown.<\/p>\n

\"Century
Century Casinos could get some help from Missouri reopenings and the return of sports to boost Colorado wagering. (Image: KAIT-8 News)<\/figcaption><\/figure>\n

The deal with bet365 is for the second of Century’s three internet betting licenses in its home state. The first was inked with Circa Sports<\/a> earlier this year. Financial terms of those agreements haven’t been released. Century has one more Colorado online sports wagering license available.<\/p>\n

The online sportsbook operations agreement with bet365 is a 10-year agreement that includes a minimum annual revenue guarantee and a percentage share of net gaming revenue payable to the Company each year, with an advance fee being paid on contract signing,\u201d according to a statement.<\/p><\/blockquote>\n

Centennial State voters approved sports wagering last November and it went live on May 1, though opportunities for bettors were initially limited. Action could start to pick up, as NASCAR resumed last weekend and the addition of a number of non-conventional golf offerings<\/a>.<\/p>\n

More Sports, Reopening Help<\/h2>\n

The COVID-19 pandemic is decimating estimates for the first-year of sports betting in Colorado. The NHL and the NBA \u2013 one of the most-wagered leagues in the US \u2013 suspended seasons before the playoffs started, and Major League Baseball hasn’t even started its 2020 edition.<\/p>\n

Those factors, among others, are prompting experts to speculate the Centennial State could actually turn a small loss on sports wagering<\/a> this year unless professional sports rapidly resume and the NFL season proceeds as expected.<\/p>\n

\n

Century, which operates two casinos in its home state, is feeling plenty of coronavirus impact as well. But the company said earlier this week it’s reopening eight casinos in Poland<\/a>, taking a step in the right direction to get operations back to normal. That’s pivotal, because some analysts say the company’s cash position is stretched.<\/p>\n<\/div>\n

\u201cThe company’s current liquidity position is somewhat stretched relative to those of its peers, in our view, as net of cash needed to reopen the business, we estimate the company could endure a zero- revenue environment for an additional four months (August 2020),\u201d said Stifel analyst Brad Boyer in a note obtained by Casino.org.<\/i><\/p>\n

Relief on the Way<\/h2>\n

With the sports calendar beginning to add some meat, Century can start capitalizing on its Colorado internet sports betting licenses. Though it’s not immediately clear when the state will allow land-based casinos to reopen.<\/p>\n

The company has three other domestic venues \u2013 two in Missouri and one in West Virginia. Show Me State casinos have the green light to restart on June 1, while the Mountain State is expected to follow suit on June 5.<\/p>\n

\u201cAll told, we like the convenience-oriented nature of CNTY’s properties and expect the business to prove resilient on the other side of COVID,\u201d said Boyer.<\/strong><\/p>\n

He has a \u201cbuy\u201d rating and $12 price target on the stock.<\/p>\n","protected":false},"excerpt":{"rendered":"

Century Casinos (NASDAQ:CNTY) is adding to its sports betting offerings in Colorado. It has announced a partnership with bet365 that will see the companies offer offer internet and mobile sports betting in the Centennial State as the sports calendar increases following the coronavirus shutdown. The deal with bet365 is for the second of Century’s three […]<\/p>\n","protected":false},"author":46,"featured_media":136428,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[62,1074],"tags":[],"acf":[],"yoast_head":"\nCentury Casinos Lands Another Coloardo Sports Betting Partner<\/title>\n<meta name=\"description\" content=\"Century Casinos is partnering with bet365 on internet sports wagering in Colorado, but analysts see other opportunities for the company.\" \/>\n<meta name=\"robots\" content=\"noindex, follow\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Century Casinos Lands Another Coloardo Sports Betting Partner\" \/>\n<meta property=\"og:description\" content=\"Century Casinos is partnering with bet365 on internet sports wagering in Colorado, but analysts see other opportunities for the company.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.casino.org\/news\/century-casinos-lands-another-coloardo-sports-betting-partner\/\" \/>\n<meta property=\"og:site_name\" content=\"Casino.org\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/Casino.OrgNews\" \/>\n<meta property=\"article:published_time\" content=\"2020-05-20T18:31:46+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2020-05-20T18:49:31+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2020\/05\/CC2.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"990\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Todd Shriber\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@etfgodfather\" \/>\n<meta name=\"twitter:site\" content=\"@Casino_Org\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Todd Shriber\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.casino.org\/news\/century-casinos-lands-another-coloardo-sports-betting-partner\/\",\"url\":\"https:\/\/www.casino.org\/news\/century-casinos-lands-another-coloardo-sports-betting-partner\/\",\"name\":\"Century Casinos Lands Another Coloardo Sports Betting Partner\",\"isPartOf\":{\"@id\":\"https:\/\/www.casino.org\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.casino.org\/news\/century-casinos-lands-another-coloardo-sports-betting-partner\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.casino.org\/news\/century-casinos-lands-another-coloardo-sports-betting-partner\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2020\/05\/CC2.jpg\",\"datePublished\":\"2020-05-20T18:31:46+00:00\",\"dateModified\":\"2020-05-20T18:49:31+00:00\",\"author\":{\"@id\":\"https:\/\/www.casino.org\/news\/#\/schema\/person\/f4cecf70a5032bc4e60eb73fc86d4a85\"},\"description\":\"Century Casinos is partnering with bet365 on internet sports wagering in Colorado, but analysts see other opportunities for the company.\",\"breadcrumb\":{\"@id\":\"https:\/\/www.casino.org\/news\/century-casinos-lands-another-coloardo-sports-betting-partner\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.casino.org\/news\/century-casinos-lands-another-coloardo-sports-betting-partner\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.casino.org\/news\/century-casinos-lands-another-coloardo-sports-betting-partner\/#primaryimage\",\"url\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2020\/05\/CC2.jpg\",\"contentUrl\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2020\/05\/CC2.jpg\",\"width\":1200,\"height\":990,\"caption\":\"Century Casinos could get some help from Missouri reopenings and the return of sports to boost Colorado wagering. (Image: KAIT-8 News)\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.casino.org\/news\/century-casinos-lands-another-coloardo-sports-betting-partner\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"News\",\"item\":\"https:\/\/www.casino.org\/news\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Commercial Gaming\",\"item\":\"https:\/\/www.casino.org\/news\/commercial-gaming\/\"},{\"@type\":\"ListItem\",\"position\":3,\"name\":\"Century Casinos Inks Colorado Online Sports Betting Deal With bet365, Analyst Likes Long-Term Outlook\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.casino.org\/news\/#website\",\"url\":\"https:\/\/www.casino.org\/news\/\",\"name\":\"Casino.org\",\"description\":\"Latest Casino and Gaming News\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.casino.org\/news\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.casino.org\/news\/#\/schema\/person\/f4cecf70a5032bc4e60eb73fc86d4a85\",\"name\":\"Todd Shriber\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.casino.org\/news\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2023\/03\/cropped-11-96x96.png\",\"contentUrl\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2023\/03\/cropped-11-96x96.png\",\"caption\":\"Todd Shriber\"},\"description\":\"Todd Shriber is a senior news reporter covering gaming financials, casino business, stocks, and mergers and acquisitions for Casino.org. Todd got his start in financial markets as a reporter with Bloomberg News. Later, he became a trader at a Southern California-based long\/short hedge fund, where he specialized in the trading sector and international ETFs leading up to and during the financial crisis. He joined Casino.org in 2019. Currently, Todd analyzes, researches, and writes on ETFs for various web-based publications and financial services firms. Shriber has been featured and quoted in Barron's, CNBC.com, and The Wall Street Journal. His work can also be found on Benzinga, ETF Daily News, ETF Trends, MarketWatch, Fox Business, and Nasdaq.com. He currently resides in Las Vegas, where he enjoys golf and taking his black lab to the dog park. He's also an avid sports fan and likes to wager on college football and the NBA. You can also find him at the three-card poker and roulette table, even though he knows better. Contact Todd at todd.shriber@casino.org.\",\"sameAs\":[\"https:\/\/muckrack.com\/todd-shriber\",\"https:\/\/www.linkedin.com\/in\/toddshriber\/\",\"https:\/\/x.com\/etfgodfather\"],\"url\":\"https:\/\/www.casino.org\/news\/author\/todd-shriber\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Century Casinos Lands Another Coloardo Sports Betting Partner","description":"Century Casinos is partnering with bet365 on internet sports wagering in Colorado, but analysts see other opportunities for the company.","robots":{"index":"noindex","follow":"follow"},"og_locale":"en_US","og_type":"article","og_title":"Century Casinos Lands Another Coloardo Sports Betting Partner","og_description":"Century Casinos is partnering with bet365 on internet sports wagering in Colorado, but analysts see other opportunities for the company.","og_url":"https:\/\/www.casino.org\/news\/century-casinos-lands-another-coloardo-sports-betting-partner\/","og_site_name":"Casino.org","article_publisher":"https:\/\/www.facebook.com\/Casino.OrgNews","article_published_time":"2020-05-20T18:31:46+00:00","article_modified_time":"2020-05-20T18:49:31+00:00","og_image":[{"width":1200,"height":990,"url":"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2020\/05\/CC2.jpg","type":"image\/jpeg"}],"author":"Todd Shriber","twitter_card":"summary_large_image","twitter_creator":"@etfgodfather","twitter_site":"@Casino_Org","twitter_misc":{"Written by":"Todd Shriber","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.casino.org\/news\/century-casinos-lands-another-coloardo-sports-betting-partner\/","url":"https:\/\/www.casino.org\/news\/century-casinos-lands-another-coloardo-sports-betting-partner\/","name":"Century Casinos Lands Another Coloardo Sports Betting Partner","isPartOf":{"@id":"https:\/\/www.casino.org\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.casino.org\/news\/century-casinos-lands-another-coloardo-sports-betting-partner\/#primaryimage"},"image":{"@id":"https:\/\/www.casino.org\/news\/century-casinos-lands-another-coloardo-sports-betting-partner\/#primaryimage"},"thumbnailUrl":"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2020\/05\/CC2.jpg","datePublished":"2020-05-20T18:31:46+00:00","dateModified":"2020-05-20T18:49:31+00:00","author":{"@id":"https:\/\/www.casino.org\/news\/#\/schema\/person\/f4cecf70a5032bc4e60eb73fc86d4a85"},"description":"Century Casinos is partnering with bet365 on internet sports wagering in Colorado, but analysts see other opportunities for the company.","breadcrumb":{"@id":"https:\/\/www.casino.org\/news\/century-casinos-lands-another-coloardo-sports-betting-partner\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.casino.org\/news\/century-casinos-lands-another-coloardo-sports-betting-partner\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.casino.org\/news\/century-casinos-lands-another-coloardo-sports-betting-partner\/#primaryimage","url":"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2020\/05\/CC2.jpg","contentUrl":"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2020\/05\/CC2.jpg","width":1200,"height":990,"caption":"Century Casinos could get some help from Missouri reopenings and the return of sports to boost Colorado wagering. (Image: KAIT-8 News)"},{"@type":"BreadcrumbList","@id":"https:\/\/www.casino.org\/news\/century-casinos-lands-another-coloardo-sports-betting-partner\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"News","item":"https:\/\/www.casino.org\/news\/"},{"@type":"ListItem","position":2,"name":"Commercial Gaming","item":"https:\/\/www.casino.org\/news\/commercial-gaming\/"},{"@type":"ListItem","position":3,"name":"Century Casinos Inks Colorado Online Sports Betting Deal With bet365, Analyst Likes Long-Term Outlook"}]},{"@type":"WebSite","@id":"https:\/\/www.casino.org\/news\/#website","url":"https:\/\/www.casino.org\/news\/","name":"Casino.org","description":"Latest Casino and Gaming News","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.casino.org\/news\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.casino.org\/news\/#\/schema\/person\/f4cecf70a5032bc4e60eb73fc86d4a85","name":"Todd Shriber","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.casino.org\/news\/#\/schema\/person\/image\/","url":"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2023\/03\/cropped-11-96x96.png","contentUrl":"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2023\/03\/cropped-11-96x96.png","caption":"Todd Shriber"},"description":"Todd Shriber is a senior news reporter covering gaming financials, casino business, stocks, and mergers and acquisitions for Casino.org. Todd got his start in financial markets as a reporter with Bloomberg News. Later, he became a trader at a Southern California-based long\/short hedge fund, where he specialized in the trading sector and international ETFs leading up to and during the financial crisis. He joined Casino.org in 2019. Currently, Todd analyzes, researches, and writes on ETFs for various web-based publications and financial services firms. Shriber has been featured and quoted in Barron's, CNBC.com, and The Wall Street Journal. His work can also be found on Benzinga, ETF Daily News, ETF Trends, MarketWatch, Fox Business, and Nasdaq.com. He currently resides in Las Vegas, where he enjoys golf and taking his black lab to the dog park. He's also an avid sports fan and likes to wager on college football and the NBA. You can also find him at the three-card poker and roulette table, even though he knows better. Contact Todd at todd.shriber@casino.org.","sameAs":["https:\/\/muckrack.com\/todd-shriber","https:\/\/www.linkedin.com\/in\/toddshriber\/","https:\/\/x.com\/etfgodfather"],"url":"https:\/\/www.casino.org\/news\/author\/todd-shriber\/"}]}},"_links":{"self":[{"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/posts\/136422"}],"collection":[{"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/users\/46"}],"replies":[{"embeddable":true,"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/comments?post=136422"}],"version-history":[{"count":0,"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/posts\/136422\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/media\/136428"}],"wp:attachment":[{"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/media?parent=136422"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/categories?post=136422"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/tags?post=136422"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}