Tag Archive : Colorado

Legal Online Sports Betting Now Live in Colorado

Colorado became on Friday the latest state in the US to be offering legal sports betting after the Supreme Court invalidated a long-standing federal ban on the practice nearly two years ago.

Wagering via retail and digital channels was authorized in the Centennial State last November when voters approved the legalization of the practice in a statewide referendum.

State regulators were tasked with licensing interested sports betting operators and readying the market for May 1 opening, a challenging task they said Friday they were relieved to have achieved.

Unlike other states, Colorado is getting into the US athletic gambling fold amid a very specific situation and at a time when the coronavirus has paused nearly all sports (and pretty much all contours of life as we know it).

With all of the state’s casinos being closed amid the global pandemic and residents being urged to stay home and practice social distancing, Colorado offers them the opportunity to place bets digitally.

Four online sportsbooks were launched in the state on Friday, the first day of legal sports betting, and more are expected to follow suit later this month.

The Colorado Limited Gaming Control Commission has issued nearly 20 licenses for the provision of online sports betting services, so the state is clearly poised to host a busy marketplace once the local betting sector matures and things get back to normal, or at least back to some relative normalcy.

Four Online Sportsbooks Now Active in Colorado

Colorado now has four operational online sportsbooks and more are expected to arrive soon. BetMGM and BetRivers were the first brands to go live with betting products in the newly opened market.

BetMGM is owned by ROAR Digital, the joint venture between Las Vegas casino giant MGM Resorts International and British gambling group GVC Holdings.

ROAR Digital announced Friday that it has signed an exclusive primary skin agreement with Midnight Rose Hotel and Casino in Cripple Creek. Sports betting operators must sign such skin agreements with local land-based casinos in order to be able to operate on the territory of Colorado.

Of their launch in the Centennial State, ROAR Digital CEO Adam Greenblatt said that they “look forward to offering Colorado sports fans the excitement and ease of betting with BetMGM and working alongside Midnight Rose Hotel and Casino to provide top class betting experiences in the state of Colorado.”

BetRivers, owned by Rush Street Interactive, the online gambling division of regional casino operator Rush Street Gaming, was too among the first entries in the new market. The betting brand has partnered Triple Crown Casino in Cripple Creek to offer wagering in Colorado.

Commenting on their debut in the state, Rush Street Interactive President Richard Schwartz said that they have achieved success in other regulated markets because they focus on offering “a high quality product with exciting sports betting options, knowledgeable customer service, and an overall friendly approach that treats every player with honesty and care.”

Arch-rivals DraftKings, which became a publicly traded company just a couple of days ago, and FanDuel also announced their launch in Colorado on Friday.

The Centennial State became DraftKings’ seventh market in which it offers sports betting services. The company’s Co-founder and President, Matt Kalish, said that they are “thrilled to introduce Colorado’s passionate sports fans to DraftKings Sportsbook” and that customers across the state “will always have a number of year-round, skin-in-the-game opportunities to engage with the premier sports betting experience DraftKings prides itself on.”

DraftKings has been able to enter Colorado through a partnership with Twin River Worldwide Holdings, which operates the Golden Gates, Golden Gulch, and Mardi Gras casinos in Black Hawk.

FanDuel, which too has teamed up with Twin River, was the fourth online sportsbooks to greet Colorado sports fans for the first time on Friday.

The gambling group’s Chief Marketing Officer, Mike Raffensperger, said in a statement that “Colorado is home to a passionate group of sports fans and we are incredibly excited to show them why FanDuel is the number one sportsbook in the country.”

Aside from its real-money gambling offering, FanDuel is also offering the ANYTHINGBOOK free-to-play game that tests sports fans’ knowledge in sports and pop culture.

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Second Colorado dispensary will soon begin offering marijuana delivery

Boulder will soon be home to two dispensaries legally delivering medical marijuana.

Helping Hands Cannabis on Pearl Street recently procured its license for delivery and expects to begin service to medical patients in mid-May, according to co-owner Johnny Kurish.

Kurish decided to offer delivery as a way to safely reach patients during the pandemic. Helping Hands closed voluntarily before Gov. Jared Polis issued a statewide stay-at-home order in March “because we couldn’t see a responsible way to conduct business inside of our premises and still be cognizant of public health and our staff’s health,” Kurish said.

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Legendary Las Vegas Sportsbook Enters Colorado Betting Market

Colorado’s sports betting space just got one more major player as the state’s wagering regulatory framework is just weeks away from being enforced.

News emerged this past Monday that Jacobs Entertainment, Inc. has teamed up with SuperBook to bring the legendary Las Vegas sports betting brand to The Lodge Casino in Black Hawk, Colorado.

SuperBook currently operates a retail location at the Westgate Las Vegas Resort & Casino and a wagering app throughout Nevada.

Pending regulatory approval from the Colorado Limited Gaming Control Commission, SuperBook and The Lodge Casino will operate a retail sportsbook as well as a betting app that will be available to bettors located within the Centennial State.

The partnership with The Lodge Casino marks SuperBook’s first foray outside Nevada. The sports betting brand has been part of the Silver State’s sports betting scene for more than two decades now.

Following a May 2018 ruling of the US Supreme Court that invalidated a federal ban on athletic gambling, SuperBook is now looking to expand in new states.

Commenting on their expansion plans, Westgate Las Vegas Vice President of Race and Sports Operations Jay Kornegay said that they are not looking to operate in every state, “just the jurisdictions that make financial sense.”

Of their partnership with The Lodge Casino, Mr. Kornegay said that they have been working on it for months and that “things got tripped up over the last couple of months because of other things in our world, but we’ve come to an agreement.”

Sports Betting Coming to Colorado

Colorado has limited casino gambling at venues located in Black Hawk, Central City, and Cripple Creek, with all three being small mining towns in the Rocky Mountains. There are a total of 33 operational casinos in these three towns.

They can all partner with out-of-state sports betting operators to offer online and retail sports betting. And many of the state’s casinos have already announced partnerships with wagering companies.

The Colorado Limited Gaming Control Commission began issuing sports betting permits this past February. The regulator has issued nearly three dozens of licenses since then.

Colorado’s sports betting rules are on track to take effect on May 1. However, with all major sports brought to a halt, licenses casinos and their wagering operators will probably wait for a while before going live with betting offerings.

Mr. Kornegay said that they originally planned to go live with mobile betting on May 1, but since they are dealing with “unforeseen circumstances” (just as the entire world), they have decided to push back the launch of their product in Colorado.

Mr. Kornegay clarified that they will be ready to operate “when we know it’s safe for everyone, and […] at least one major league restarts play or starts play.”

Gambling industry analysts mobile betting to have a big impact on Colorado’s gambling sector as its wagering legislation permits instant remote registration. This means that bettors can open accounts with the state’s mobile sportsbooks without having to first register at a brick-and-mortar facility.

Other states that permit remote registration, including New Jersey, Pennsylvania, and Indiana, have seen mobile handle account for 70% of overall handle this year. According to Mr. Kornegay, figures in Colorado will exceed the above figure due to online registration and the remote locations of the state’s land-based casinos.

SuperBook to Bring SuperContest to Colorado

As part of its partnership with The Lodge Casino, SuperBook will also be able to introduce its highly popular SuperContest product to Colorado sports enthusiasts. The original SuperContest is run from the Westgate Las Vegas. It is a pro football handicapping contest that pays out to the top 100 finishers.

In Nevada, participants can enter the contest after paying an entry fee of $1,500. In Colorado, the SuperContest will be a standalone contest, which means that there would be no proxy entries and will have an entry fee of $500. The product needs approval from the Limited Gaming Control Commission.

Source: SuperBook Set To Enter Colorado Sports Betting Market

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Wildwood Casino in Colorado partners with ISI

Wildwood Casino in Cripple Creek, Colorado, has partnered with ISI Race and Sports, which will provide hardware, software and marketing for the casino’s rollout of sports betting. 

American Gaming Corp (AGC) operates Wildwood Casino. 

“Wildwood has become the market leader for casinos in Cripple Creek and we wanted a partner who could help us achieve the same status for retail and online sports betting,” said Joseph Canfora, CEO of AGC. “We are able to combine our extensive knowledge of the local Colorado market with ISI’s 20 years offering sports betting services and the Amelco betting platform and native mobile apps to create a winning experience for our customers.”

Wildwood Casino opened in 2012 with more than 500 slots, and Colorado is set to launch sports betting by 1 May. 

“We are very excited about the opportunity to help bring sports betting to Colorado,” said Bill Stearns, President of ISI. “We’ve been doing this for more than 20 years and have developed best practices that help our partners get out of the gate early and maintain their lead in sports betting.”

Colorado dispensaries say coronavirus pandemic is making case for marijuana delivery

As the coronavirus pandemic disrupts daily life and commerce in Colorado, many in the state’s marijuana industry believe it makes the case for allowing dispensaries to begin delivering to customers’ homes now.

Legislators legalized cannabis delivery with the passage of House Bill 1234 in 2019. The law permits medical marijuana deliveries to start in 2020 followed by recreational cannabis deliveries in 2021, but left it to municipalities to individually decide if they will allow the services.

So far just one dispensary in Colorado, The Dandelion in Boulder, has obtained a license to deliver products to patients. Shannon Gray, communications specialist for the Marijuana Enforcement Division, declined to comment on whether the timeline for recreational delivery is being reconsidered in light of the pandemic.

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Calls made for Colorado lawmakers to stop mobile sports betting

Civil rights activist Reverend Al Sharpton has pleaded with Colorado lawmakers to stop the state from rolling out mobile sports betting.

In a letter to Governor Jared Polis, Speaker of the House Kathleen Becker, and members of the Colorado Gaming Commission, Sharpton said legislation should be stopped due to the unknown impact of the coronavirus and that out-of-state businesses would benefit at the detriment of ethnic minorities.

Sports betting was legalised in Colorado last November through a referendum, making it legal for operators to offer internet – both mobile and desktop – and land-based sports wagering. State regulators are still on course to rollout sports betting on 1 May, as projected.

Sharpton used Rhode Island-based casino operator Twin Rivers – owned by Soohung Kim, who also owns three Colorado casinos – as an example of how businesses without the state’s interests at heart could cut jobs if sports betting was implemented.

He added: “Out-of-state hedge funds with long records of mass firings and shady dealings have come into the state to capitalise on mobile sports betting and, based on their track record, middle class workers and minorities will be the first to be negatively impacted.

“As this track record shows, if Mr. Kim, who already over-extended Twin River in his pursuit of potential mobile betting licenses, fails to make a profit, you can be sure it will be the workers of the Colorado casinos that suffer.

“Colorado needs to pay full attention to who is profiting off this new law to legalise online betting – otherwise, jobs will be lost.”

Colorado Gambling Regulator Issues Second Batch of Betting Licenses

Preparations for the May 1 launch of legal sports betting in Colorado are in full swing as the state Limited Gaming Control Commission issued on Thursday the second batch of wagering licenses to operators interested to enter Colorado’s nascent market.

DraftKings was among the operators to be granted a temporary license from the state gambling regulator. The company teamed up with Twin River Worldwide Holdings in January to enter the Colorado wagering space.

The gaming commission at a special meeting held Thursday approved several of the 50-plus sports betting license applications submitted by interested sports betting companies and land-based Colorado casinos.

The regulator held its Thursday meeting specifically to process some of the applications it has received.

Dan Hartman, Director of the Gaming Enforcement Division at the Colorado Department of Revenue, said yesterday that “the commission has additional business to address in our other meeting” and that as investigators carry out and complete background checks on the license applicants, the regulator would bring those up for review in special meetings to ensure that it has “ample time” to get through all applications.

Colorado residents approved last November Proposition DD authorizing the provision of sports betting at retail facilities and through digital channels. The legislation tasked the Colorado Limited Gaming Control Commission with processing license applications.

The regulator said previously that it would initially issue 33 retail and online sports betting licenses.

DraftKings’ Expansion Campaign Continues with Colorado License

As mentioned earlier, DraftKings was among the companies to nab a temporary license for the provision of sports betting services during yesterday’s special meeting of the Colorado gambling regulator.

Colorado will be the sixth state where DraftKings would introduce its DraftKings Sportsbook brand to. The operator teamed up with Twin River as its sports betting partner in the state. The partnership and its license from the gaming commission enable DraftKings to operate a betting app available statewide.

Under its deal with Twin River, DraftKings will also run a retail sportsbook at the casino operator’s Mardi Gras Casino in Black Hawk.

Of their temporary license in Colorado, DraftKings Chief Legal Officer R. Stanton Dodge said that they are excited to be granted the license and look forward “to soon being able to provide sports fans in Colorado with our top-rated mobile and online sportsbook product.

Score Digital Sports Ventures, the operator behind the theScore Bet app, was also granted a license by Colorado regulators during the Thursday meeting.

Ameristar Casino, Lady Luck Casino, and Isle Casino Hotel in Black Hawk were issued master licenses yesterday. These licenses authorize the land-based gambling venues to run brick-and-mortar sportsbooks on side as well as to partner Internet gambling companies to operate online sportsbooks across desktop and via wagering apps.

Source: DraftKings, Ameristar and more granted sports betting licenses in Colorado

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Cannabis giant Curaleaf to acquire Colorado edibles maker BlueKudu

A Denver-based edibles manufacturer is being scooped up by a multi-state marijuana company in one of the year’s first local business acquisitions.

Courtesy Blue KuduCannabis giant Curaleaf is set to acquire BlueKudu, the Denver-based maker of edible marijuana products, including these infused gummies

Cannabis giant Curaleaf is set to acquire BlueKudu, which is known for its infused chocolates and gummies, according to an announcement Monday. Curaleaf, based in Wakefield, Mass., currently operates dispensaries, cultivations and processing plants in 14 states; this move marks its first foray into the Colorado market.

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Aurora couple first to go to prison in connection with large-scale Colorado black market marijuana ring

An Aurora couple was sentenced in federal court this week for their role in a large-scale black market marijuana grow operation, the first people to be sent to prison as part of a massive Denver-area drug take-down announced last year.

Huanyu Yan, 54, and You Lan Xiang, 50, received 36 months and 30 months in federal prison, respectively, for growing nearly 900 marijuana plants in their basement with plans to distribute the drug, the U.S. Attorney’s Office said in a news release.

The two were found guilty in December of marijuana cultivation following a four-day trial.

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Colorado won’t stop employers from firing workers for using weed off the clock

Colorado legislators decided Wednesday not to advance a bill that aimed to protect employees from being fired for using marijuana in their personal time.

The 10 members of the House Business Affairs and Labor Committee voted unanimously against the bill, HB 20-1089, after nearly three hours of testimony from people on each side.

Though the bill would have done nothing to prohibit employers from administering drug tests, many committee members cited the lack of an adequate test to determine whether an employee is intoxicated in the moment — much like a breathalyzer does for alcohol — as a reason to table it. Others thought the proposed change to the law was too broad.

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