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 possibilit脿 di opzioni di sportsbook retail a discrezione di Century. L'attuazione della partnership 猫 subordinata all'ottenimento delle necessarie licenze di gioco e approvazioni regolamentari.
Century Casinos (CNTY) ha anunciado una asociaci贸n significativa con BetMGM para introducir las apuestas deportivas en Missouri a trav茅s de su subsidiaria Century Casino & Hotel Cape Girardeau. El acuerdo a largo plazo permite a BetMGM operar plataformas de apuestas deportivas en l铆nea y m贸viles bajo la licencia de Century. El acuerdo incluye un reparto de ingresos con un m铆nimo garantizado para Century y posibles opciones de apuestas deportivas en locales f铆sicos a discreci贸n de Century. La implementaci贸n de la asociaci贸n est谩 sujeta a la obtenci贸n de las licencias de juego y aprobaciones regulatorias necesarias.
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Century Casinos (CNTY) a annonc茅 un partenariat important avec BetMGM pour introduire les paris sportifs dans le Missouri via sa filiale Century Casino & Hotel Cape Girardeau. Cet accord 脿 long terme permet 脿 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, 脿 la discr茅tion de Century. La mise en 艙uvre du partenariat est soumise 脿 l'obtention des licences de jeu n茅cessaires et des approbations r茅glementaires.
Century Casinos (CNTY) hat eine bedeutende Partnerschaft mit BetMGM angek眉ndigt, um Sportwetten in Missouri 眉ber seine Tochtergesellschaft Century Casino & Hotel Cape Girardeau einzuf眉hren. Die langfristige Vereinbarung erm枚glicht es BetMGM, sowohl Online- als auch mobile Sportwettenplattformen unter der Lizenz von Century zu betreiben. Der Vertrag beinhaltet eine Umsatzbeteiligung mit einer garantierten Mindestzahlung f眉r Century sowie m枚gliche Einzelhandels-Sportwettenoptionen nach Ermessen von Century. Die Umsetzung der Partnerschaft ist abh盲ngig von der Erteilung der erforderlichen Gl眉cksspiel-Lizenzen und beh枚rdlichen 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庐 under the symbol CNTY. For more information about Century Casinos, visit our website at .
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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FAQ
What is the partnership between Century Casinos (CNTY) and BetMGM in Missouri?
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When will BetMGM's sports betting platform launch in Missouri under CNTY's license?
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