Colorado approves first sports betting licences

Colorado’s gambling regulator, the Limited Gaming Control Commission, has approved seven licences and the state’s regulations for sports betting.

The seven casinos to receive master licenses are Monarch Casino and Saratoga Casino in Black Hawk, Dostal Alley Casino in Central City and Double Eagle Hotel & Casino, J.P. McGill’s Hotel & Casino, Midnight Rose Hotel & Casino and Brass Ass Casino in Cripple Creek.

Each licence allows for both retail sports betting and one online betting skin. Applicants for licenses must pay a $10,000 application fee before applying plus a $125,000 licence fee if approved.

Triple Crown Resorts operates Brass Ass, JP McGill’s and Midnight Rose.

The Betfred USA Sports arm of bookmaker Betfred agreed a deal in January to offer sports wagering services at the Saratoga Casino, while Australian operator Pointsbet has secured a partnership with the Double Eagle Casino.

Read more on iGB North America.