Century Casinos Announces Sports Betting Partnership with BetMGM in Missouri
Century Casinos (CNTY) has announced a significant partnership with BetMGM to introduce sports betting in Missouri through its Century Casino & Hotel Cape Girardeau subsidiary. The long-term agreement enables BetMGM to operate both online and mobile sports betting platforms under Century's license. The deal includes revenue sharing with a guaranteed minimum for Century and potential retail sportsbook options at Century's discretion. The partnership's implementation is subject to obtaining necessary gaming licenses and regulatory approvals.
Century Casinos (CNTY) ha annunciato una partnership importante con BetMGM per introdurre le scommesse sportive nel Missouri tramite la sua controllata Century Casino & Hotel Cape Girardeau. L'accordo a lungo termine consente a BetMGM di gestire piattaforme di scommesse sportive online e mobili utilizzando la licenza di Century. L'intesa prevede una condivisione dei ricavi con un minimo garantito per Century e la possibilità di opzioni di sportsbook retail a discrezione di Century. L'attuazione della partnership è subordinata all'ottenimento delle necessarie licenze di gioco e approvazioni regolamentari.
Century Casinos (CNTY) ha anunciado una asociación significativa con BetMGM para introducir las apuestas deportivas en Missouri a través de su subsidiaria Century Casino & Hotel Cape Girardeau. El acuerdo a largo plazo permite a BetMGM operar plataformas de apuestas deportivas en línea y móviles bajo la licencia de Century. El acuerdo incluye un reparto de ingresos con un mínimo garantizado para Century y posibles opciones de apuestas deportivas en locales físicos a discreción de Century. La implementación de la asociación está sujeta a la obtención de las licencias de juego y aprobaciones regulatorias necesarias.
Century Casinos (CNTY)는 자회사 Century Casino & Hotel Cape Girardeau를 통해 미주리 주에 스포츠 베팅을 도입하기 위해 BetMGM과 중요한 파트너십을 발표했습니다. 장기 계약을 통해 BetMGM은 Century의 라이선스 하에 온라인 및 모바일 스포츠 베팅 플랫폼을 운영할 수 있습니다. 이 계약에는 Century에 대한 수익 공유와 최소 보장 수익이 포함되며, Century의 재량에 따라 오프라인 스포츠북 옵션도 포함될 수 있습니다. 이 파트너십의 실행은 필요한 게임 라이선스 및 규제 승인 획득을 전제로 합니다.
Century Casinos (CNTY) a annoncé un partenariat important avec BetMGM pour introduire les paris sportifs dans le Missouri via sa filiale Century Casino & Hotel Cape Girardeau. Cet accord à long terme permet à BetMGM d'exploiter des plateformes de paris sportifs en ligne et mobiles sous la licence de Century. L'accord inclut un partage des revenus avec un minimum garanti pour Century ainsi que des options potentielles de paris sportifs en point de vente, à la discrétion de Century. La mise en œuvre du partenariat est soumise à l'obtention des licences de jeu nécessaires et des approbations réglementaires.
Century Casinos (CNTY) hat eine bedeutende Partnerschaft mit BetMGM angekündigt, um Sportwetten in Missouri über seine Tochtergesellschaft Century Casino & Hotel Cape Girardeau einzuführen. Die langfristige Vereinbarung ermöglicht es BetMGM, sowohl Online- als auch mobile Sportwettenplattformen unter der Lizenz von Century zu betreiben. Der Vertrag beinhaltet eine Umsatzbeteiligung mit einer garantierten Mindestzahlung für Century sowie mögliche Einzelhandels-Sportwettenoptionen nach Ermessen von Century. Die Umsetzung der Partnerschaft ist abhängig von der Erteilung der erforderlichen Glücksspiel-Lizenzen und behördlichen Genehmigungen.
- Strategic partnership with leading gaming operator BetMGM expands Century's market presence
- Guaranteed minimum revenue share agreement provides stable income stream
- Potential for additional revenue through retail sportsbook operations
- Leverages existing Missouri gaming licenses for new revenue opportunities
- Implementation timeline uncertain pending regulatory approvals
- Competitive market conditions in Missouri sports betting sector may impact profitability
Under the terms of the agreement, BetMGM will operate an online and mobile sports betting application under Century's license in
"We are excited to partner with BetMGM, a leading online sports betting and gaming entertainment company with a dynamic and innovative brand" stated Erwin Haitzmann and Peter Hoetzinger, Co-Chief Executive Officers of Century Casinos. "This partnership is another step forward in leveraging our
The agreement is contingent on obtaining all necessary gaming licenses and regulatory approvals.
About BetMGM
BetMGM is a market leading sports betting and gaming entertainment company, pioneering the online gaming industry. Born out of a partnership between MGM Resorts International (NYSE: MGM) and Entain Plc (LSE: ENT), BetMGM has exclusive access to all of MGM's
About Century Casinos, Inc.:
Century Casinos, Inc. (the "Company") is a casino entertainment company. In
Century Casinos' common stock trades on The Nasdaq Capital Market® under the symbol CNTY. For more information about Century Casinos, visit our website at www.cnty.com.
FORWARD-LOOKING STATEMENTS
This release may contain "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, Section 21E of the Securities Exchange Act of 1934, as amended, and the Private Securities Litigation Reform Act of 1995. These statements include expectations of revenues from the agreement with BetMGM as well as the timing and ability to receive licenses and regulatory approvals for the agreement and are based on the beliefs and assumptions of the management of Century Casinos based on information currently available to management. Such forward-looking statements are subject to risks, uncertainties and other factors that could cause actual results to differ materially from future results expressed or implied by such forward-looking statements. Important factors that could cause actual results to differ materially from the forward-looking statements include, among others, the risks described in the section entitled "Risk Factors" under Item 1A in our Annual Report on Form 10-K for the year ended December 31, 2024 and in subsequent periodic and current SEC filings we may make. Century Casinos disclaims any obligation to revise or update any forward-looking statement that may be made from time to time by it or on its behalf.
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SOURCE Century Casinos, Inc.
FAQ
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