Century Casinos Announces Sports Betting Partnership With BetMGM in Missouri

MGM Resorts International (NYSE:MGM) is among the 10 Best Casino Stocks To Buy Now. Century Casinos has announced a long-term partnership with MGM Resorts International (NYSE:MGM)’s BetMGM to launch online and mobile sports betting in Missouri at its Century Casino & Hotel Cape Girardeau.

Century Casinos Announces Sports Betting Partnership With BetMGM in Missouri.

Aerial shot of an entertainment resort, its buildings and gaming amenities sprawling along the seafront.

BetMGM will use Century’s license to run sports betting under the terms of the arrangement, and Century will get a cut of net gaming income, with a minimum guaranteed. The agreement is based on regulatory approvals and permits Century to offer retail sportsbook options at its discretion.

Century’s strategic position in Missouri’s developing sports betting market is strengthened by the agreement. Peter Hoetzinger and Erwin Haitzmann, co-CEOs, stressed the action as a crucial step in improving the value of its licenses in Missouri.

BetMGM, founded in 2018 as a joint venture between MGM Resorts International (NYSE:MGM) and Entain Plc, delivers proprietary U.S.-licensed technology and operates major brands like BetMGM, Borgata Casino, and Party Poker. Both companies’ goals are to boost their market share and take advantage of the current gaming infrastructure, which is reflected in this agreement.

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