Caesars Announces Rebranding of Isle Casino Black Hawk

Caesars Entertainment continues the nationwide rebranding of its casino properties. This time, Caesars is bringing the Horseshoe brand to Colorado by renaming the Isle Casino Black Hawk. The project will include some construction, but it is not expected to disrupt normal business at the casino.

The casino originally opened more than two decades ago. Currently, the casino is already operating under the Caesars brand. Guests have access to a wide variety of tables games, slots, and even a Caesars Sportsbook. There is also a hotel and multiple dining options on-site.

Isle Casino Black Hawk was acquired by Caesars Entertainment in 2020. After the rebranding is complete, Horseshoe Black Hawk will be the eighth Horseshoe casino currently owned by Caesars. The casino developer is also bringing the brand to Las Vegas, St. Louis, and other cities. So far, Caesars Entertainment has not announced plans for the neighboring Lady Luck Black Hawk casino.

The Horseshoe Brand Comes to Colorado

Caesars Entertainment’s decision to rebrand the Isle Casino is an obvious one. Recently, Caesars has been starting rebranding projections across the US. Along with the new brands, casinos also receive through renovations.

For the soon-to-be Horseshoe Black Hawk, the renovations should not disrupt the player experience. Caesars Entertainment has developed a system for renovations that has minimal impact on casino guests. Along with new signage, the casino floor will also be renovated and upgraded. Rooms at the hotel will also be upgraded with more contemporary amenities.

Perhaps the biggest change to the casino will be the newly redesigned poker room. The space will be upgraded to accommodate its role as the casino’s new World Series of Poker Room. Horseshoe casinos are known for offering players a higher-end experience. The high-class remodel will help make the space worthy of WSOP and other major tournaments.

Even without the rebranding, the casino would likely need to undergo renovations. That is because other local casino owners, such as Monarch Casinos, recently refurbished their properties as well. The updates included in the rebranding process will help the casino stay competitive with the other gaming options in town.

How Did Caesars Acquire the Isle Casino?

The Isle Casino Black Hawk first opened in 1998 and has been a staple of the Black Hawk casino scene. Black Hawk is the largest gambling town in the Rocky Mountain State. In total, 18 casinos operate in the Colorado town.

Caesars Entertainment acquired Isle Casino and its sister property Lady Luck in 2020. The deal was part of Eldorado Resorts’ $17 billion takeover of the “old Caesars” brand. Now under the “new Caesars” brand, Isle Casino Black Hawk will be the first of the two casinos to be upgraded.

For now, Lady Luck Black Hawk will remain largely unchanged. However, guests can still access all of the benefits of a normal Caesars’ property. For instance, players can earn Caesars’ rewards points for staying and playing at the casino resort. They can also access the Caesars Sportsbook once the new betting kiosks are installed.

The Latest in a Long List of Caesars Rebranding Projects

The Horseshoe brand is legendary among casinos and bettors alike. Recently, Caesars Entertainment has been trying to revitalize the brand by bringing it to new markets. Currently, Caesars has five Horseshoe casinos operating across the US. However, plans have been announced to bring that total up to eight.

Caesars Entertainment has been reshuffling a fair amount of its casino brands as of late. The rebranding spree has been a renaissance of sorts for the Horseshoe brand. In addition to the casino in Black Hawk, Caesars has announced two other casinos will be getting the Horseshoe name. Bally’s Las Vegas and Lumière Place Casino and Hotel in St. Louis will both be joining storied gaming brand.

The rebranding effort is not limited to just the Horseshoe brand, either. Caesars has also expanded the Harrah’s brand to both Florida and Nebraska. A majority of the renovation projects have been to expand Caesars’ most well-known brands. However, it also rebranded a Harrah’s casino in New Orleans under the Caesars Palace brand.

Conclusion

Bettors in Colorado will soon get to enjoy all of the trappings of one of the most respected casino brands. Caesars Entertainment announced that it will be rebranding the Isle Casino Black Hawk under the Horseshoe brand. The accompanying renovations are not expected to disrupt the daily functions of the casino.

As part of the rebranding, the signage and furnishings in the casino and accompanying hotel will be upgraded. Also, Caesars Entertainment has plans to renovate the casino floor. Part of the renovations will include upgrading the poker room so it is more well equipped for the WSOP tournaments.

Isle Casino Black Hawk is just the latest in a long list of properties Caesars is currently renovating. Caesars is also bringing the Horseshoe brand to St. Louis and Las Vegas. They also have plans for expanding their Harrah’s and Caesar Palace brands as well.

Colorado Sports Betting Handle Hit $3.9 Billion in 2021

Colorado has joined the growing list of states who had record-breaking years in 2021. According to the latest report from the Colorado Department of Revenue, the Rocky Mountain State reached nearly $4 billion in sports betting handle last year. Colorado legalized sports betting in May 2020. In that time, the state has exceeded over $5 billion in sports betting handle.

December’s sports betting numbers were down slightly from November. However, sportsbooks still registered the third-highest gross revenue in the state’s history. It was also the fourth consecutive month that the reported gross revenue topped $20 million.

There are several highly rated online betting options in Colorado. That is good news for sportsbooks as a big part of Colorado’s sports betting success is due to online betting. Nearly all of the sports bettors in Colorado use online betting options. The growing popularity of the NBA in Colorado also helped. Bettors wagered nearly 40% more on the NBA than on the NFL last year.

Many operators found success in their first full year of operations. The State has also benefitted from the success of its sports betting operators. Colorado collected over $11 million in taxes off of legal betting operations last year. The strong end to 2021 could position gaming operators for an even better performance this year.

December had the Third Highest GGR in Colorado’s History

According to the Colorado Department of Revenue, bettors in Colorado placed $461.1 million in wagers in December. December’s handle was down nearly 3% from November’s total. Compared to the same time in 2020 however, the December handle was up 60%. Like many states, 2021 represented a bounce-back year for sportsbooks in Colorado.

December’s gross gaming revenue (GGR) was also down from November’s total. Sportsbooks raked in $24.7 million in GGR for December. It marked the fourth consecutive month that the GGR topped $20 million. However, it was down nearly 33% from November’s GGR total of $36.8 million.

Despite the drop in GGR, December’s total was still the third-best total in Colorado’s history. December capped off the best quarter in the Rocky Mountain State’s history as well. The last three months of 2021 were the three highest monthly totals in Colorado’s history. In total, the sports betting handle in the last quarter of 2021 was over $1.4 billion.

Part of the drop in GGR can be attributed to a decrease in sportsbooks win rate. The house reportedly won at a rate of just 5.4% in December. That is the third-lowest win rate of any month in the state’s history.

Impact of Online Sports Betting on Colorado’s Betting Handle

Colorado is one of the dozens of states that allow sports betting. It is also on the shortlist of states that permit online sports betting. Coloradans have made sure to take advantage of online betting options. Since sports betting was legalized in May 2020, 98% of sports bets have been placed using online betting options.

The sportsbooks in Colorado have benefited greatly from the rise in popularity of the NBA. Professional football is widely popular across US sports betting markets. In Colorado, bettors wagered $689.2 million throughout 2021. Bettors wagered nearly 40% more on the NBA. In total, $958 million was wagered on NBA games last year in Colorado.

Pro football may be more popular than basketball, but the season is also shorter. The Broncos only play 17 regular-season games, while the Nuggets play 82. Having more games give bettors more options to place wagers. The success of the Denver Nuggets also makes fans more likely to bet on their games.

Sports betting operators pulled in plenty of revenue from the record wagers placed last year. Throughout the year, sportsbooks reported a total revenue of $250.1 million in 2021. The state of Colorado benefited greatly from the success of its sports betting operators. Sportsbooks paid a total of $11.7 million in taxes last year.

Colorado’s Sportsbooks Reached New Heights in 2021

Last year was the first full year with legal sports betting in Colorado. Bettors made sure to take advantage of the opportunity. In 2021, a total of $3.9 billion was wagered on sports by Colorado bettors. Colorado also became the sixth state to top a total sports betting handle of $5 billion since PASPA was overturned in 2018.

The betting handle in 2021 was more than triple the amount wagered the year before. In the eight months with legal sports betting, bettors only wagered $1.2 billion in 2020. The state only collected $3 million in taxes that year.

Colorado’s sports betting market is still coming into its own. Sportsbooks set records for betting handles, total revenue, and many other metrics. The market peaked in October, but the numbers from November and December were still some of the highest in the state’s history. Colorado regulators also approved new sportsbooks to open last year. The Rocky Mountain State’s sports betting industry is in a position for an even bigger performance in 2022.

Conclusion

Sportsbooks in the Centennial State reached new heights in 2021. Colorado became the sixth state to reach a betting handle of $5 billion since 2018. The $3.9 billion wagered in 2021 made sure of that. Bettors in the Rocky Mountain State overwhelmingly preferred online betting options. Roughly 98% of all sports bets were placed using online betting options.

December’s handle was down slightly from the previous month. However, even with the 32.8% drop, the betting handle in December was still the third-highest in the history of the state. Now, sportsbooks will try to replicate their success in 2022.

The Colorado betting market may not be as populous as other states, but its bettors are just as active. Colorado is consistently in the top six across most betting metrics. 2021 was the first full year of legalized sports betting in the state. Despite being a market that is still in development, sportsbooks generated over $250 million in revenue last year.

A growing interest in professional sports should help sports betting operators keep the momentum going. The Broncos will have a new coach and QB combo next season. In the NBA, the Nuggets feature the reigning league MVP. As the sports teams in Colorado gain more national interest, the sports betting market will also likely grow.

bet365 Unanimously Approved to Operate Online Sportsbook in Colorado

The online sports betting market in Colorado has a new player. On Thursday last week, the Limited Gaming Control Commission (LGCC) voted unanimously to approve the license for bet365. The British-based online gaming company partnered with Colorado’s Century Casino to obtain its license. No date has been announced regarding a starting date for bet365 operations.

Century Casino and bet365 announced their partnership back in May of last year. The deal between the Colorado casino and the British online gaming operator will last at least 10 years. Century Casino has two brick-and-mortar operations in the Rocky Mountain State. Their locations in Cripple Creek and Central City are both near Denver.

There are a number of highly-rated online casino sites in Colorado already. bet365 will look to take advantage of the state’s progressive gambling laws and a large number of sporting events throughout the year. The rocky mountain state has already experienced a record-setting year in 2021 and is primed for another one in 2022. The sooner bet365 and Century Casino can get their new partnership up and running, the sooner they can join in the fun.

Colorado Will be Second US State with bet365 Operations

bet365 started in 2000 and launched their first sports betting operation in 2001 in Europe. The gambling company is based in the UK and mainly offers casino games and sports betting. Colorado will be the second state in the US that bet365 will have operations in. bet365 has already established operations on the east coast of the US in New Jersey.

The UK gambling site has hit a ton of milestones as they spread across the western hemisphere in the last two decades. Despite having success in numerous other countries, bet365 has struggled to find its footing in the US. bet365 has been trying to expand into the US since 2018 when sports betting restrictions were lifted.

In the last three years, bet365 has only secured operating licenses in two states, New Jersey and now Colorado. They also applied for a mobile sports betting license in New York earlier this year. However, bet365 was not one of the nine companies chosen to start operations in the Empire State.

Part of the reason bet365 has had trouble expanding across the pond may be due in part to the numerous controversies surrounding the company in recent years. In 2014, the UK gaming company was accused of using obscure domain names to avoid censorship in China. They were also fined $2.75 million AUD in 2016 for falsely advertising free bets in Australia. There have also been numerous claims of the company refusing to pay out winnings to players.

Whatever the reason for their slow start, bet365 is hoping that they can get the ball rolling in one of the biggest US sports betting markets. Colorado’s sports betting industry has seen record-breaking numbers so far this year, and it will likely continue to grow. It is also one of the only states in the US that allow players to use mobile sports betting apps.

Online Sports Betting in Colorado

Colorado is an obvious choice for expansion and gives bet365 a gateway to further expansion in the west. The Rocky Mountain state has been one of the fastest-growing sports betting markets in the US due to its relatively relaxed gambling laws. In Colorado, any of the three dozen casinos are eligible to apply for sports betting licenses. The state also allows for online and mobile sports betting options.

As a result, it is no surprise that Colorado boasts a large number of legal sportsbooks. Since legalizing sports betting in May of 2020, a total of 26 sportsbooks have been licensed. Colorado has a wide variety of teams across most professional and collegiate sports leagues, offering residents plenty of options to bet on. The wide variety of betting options also provides bettors plenty of ways to get in on the action.

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bet365’s partner, Century Casino, has already started to establish itself in the sports betting industry. The casino has partnerships with Tipico Sportsbook and Circa Sportsbook. Both of Century Casino’s other partners offer mobile betting options. The deal between bet365 and Century Casino includes a percentage share of net gaming revenue and a minimum annual revenue guarantee to be paid to the casino.

At the meeting last week, the LGCC also approved 19 sports betting vendor licenses. These licenses are given to entities that act or provide services on behalf of sports betting licensees. Some of the sports betting vendors licensed included Betclever, Elias Digital Solutions, and the PGA Tour. The state of Colorado also features 17 retail sports betting operators. The LGCC also approved the renewal of retail and master licenses for four Black Hawk Casinos throughout the state.

Conclusion

Colorado’s sports betting boom continues to attract new operators. Last week, the LGCC met and approved a number of new sports betting licenses. Among them was the license for bet365, a sports betting company out of the UK. bet365 partnered with a local Colorado casino operator, Century Casino, to obtain their license. The current agreement between Century Casino and bet365 is a 10-year partnership.

bet365 is not the first sportsbook operator to be licensed in Colorado and they will not likely be the last. The Rocky Mountain State features over two dozen licensed sports betting operations. Colorado’s gambling legislation also allows for mobile and online sports betting operations. A large number of sporting events across all levels of sports ensures that is almost always something for residents to bet on.

The LGCC has also given approval to a total of 17 retail sports betting vendors since 2020. At their meeting last Thursday, Colorado’s gaming regulators approved 19 new sports betting vendor licenses. They also approved the renewal of master and retail licenses for four Black Hawk casinos. After seeing 2021 revenues shatter records for the most ever, it seems that the legislators are keen to clear the way for another big year in 2022.

Colorado’s Record-Breaking October Sports Betting Revenue

2021 has been a big year for the sports betting industry, with many states reporting record-breaking sports betting handles and revenue. Colorado recently became the latest state to report mile-high income in the month of October. As a result, Colorado is now the 6th state to reach $4 billion in all-time sports betting handle.

Colorado sportsbooks reported a total of $491.5 million in bets placed for October. Of that money, operators were able to keep $28 million in gross gaming revenue (GGR). The total bets placed were an increase of 20% over the amounts seen in September. The total GGR for October broke the previous record of $23.1 million that was earned this past January.

The increase becomes even more apparent when you compare this October to last year. In October of 2021, Colorado saw an increase of over 50% in its sports betting handle compared to October of 2020. State officials also reported a record in sports betting proceeds.

Revenue by Sport

October is a big month for American professional sports because it is one of the only months where the three biggest sports are all playing games. As a result, it is no surprise that many states have reported record-breaking numbers for both sports betting handles and GGR.

For Colorado, professional football is the main breadwinner for individual professional sports. Bettors placed a total of $171.2 million in bets on NFL games alone. This accounts for 34% of Colorado’s total monthly sports betting handle. Of that handle, sportsbooks were able to keep over $6 million in earned revenue.

Pro baseball and basketball account for the second and third-biggest individual sport portions of the sports betting handle and GGR in October. Players wagered $37 million in total bets on baseball, and sportsbooks raked in $3 million in total GGR. Bettors wagered more on basketball, $63 million in total, but operators were only able to bring in $2 million in earnings.

Rounding out the top five are hockey and table tennis. Hockey bettors placed $13 million in total bets, and sportsbooks were able to earn over $1 million in GGR. Outsiders may be surprised to see table tennis in the top five, but it is quite popular in the Rocky Mountain state. In October, bettors wagered a total of approximately $10 million, and over $420,000 of that was collected by bookmakers.

Wide Variety of Sports Betting Options

Colorado’s success with sports betting has been on par with the dozens of other states to legalize the industry in recent years. Sports betting became legal in Colorado in May of 2020, and many casinos in the state were quick to take advantage. Bettors have plenty of options to choose from as all of Colorado’s three dozen casinos are eligible to operate their own sportsbooks. Colorado also allows both online and mobile betting options.

A large part of the recent boom in Colorado’s sports betting can be attributed to the use of mobile betting apps. Many casinos throughout the Rocky Mountain state have released their own mobile apps. As a result, Colorado is quickly moving up the ranks as one of the biggest operators in the sports betting industry.

Conclusion

The month of October saw many states shatter sports betting revenue records and Colorado is no exception. bettors placed a record $491 million in total bets. Colorado’s sports betting handle ranks 5th among states that permit the practice. Sportsbooks were able to cash in on the record sports betting handle by generating a total of $28 million in GGR. October’s GGR broke the previous record of $23.1 million set in January of this year.

The lion’s share of the betting handles and GGR came from fans betting on professional football. Bettors also wagered large total sums on baseball, basketball, hockey, and table tennis. With the MLB season officially over, it will be interesting to see if Colorado’s sports betting handle and GGR dipped, and by how much, in November.

Colorado Sports Betting’s Love Affair of Table Tennis is Here to Stay

Colorado Casinos
Table tennis continues to be a major hit in Colorado sports betting.

In 2020, table tennis generated a total of $63.5M sports bets in the Boulder State. Only football, baseball, and basketball have generated more bets in the state.

Last January, Colorado sports betting saw $11.8M in table tennis wagers, which was more than the total bets made for the NCAA bowl games that month and more than the total NHL bets made during the same period. In March 2021, $8.8M was bet on table tennis which was twice more than the amount wagered on MMA.

According to records, table tennis was the fourth most bet sport in Colorado in January, sixth in February and March, and fourth again in April. It won’t be a surprise if it lands in the Top 6 again when the May figures come out.

Table Tennis Did Not Stop During the Pandemic

When the world of sports was halted by the outbreak of the COVID-19 pandemic in March of 2020, table tennis events continued. Legal Colorado sports betting launched on May 1, 2020 and at that time, every major sporting event was put on hold because of the pandemic. But table tennis events, particularly those in Russia, continued.

With table tennis as the “only” option, Colorado sports betting generated $6.6M in total bets for May 2020. MMA came in a far second at $1.7M after the UFC became the first organization to return to action when governments started easing up on restrictions. The other sports started to come back. But Colorado sports betting’s love affair with ping pong continued.

Colorado Got $6.6M in Tax Revenue in 2020

Colorado sports betting got off to a slow start because of the pandemic. Casinos were closed but the online betting option was there and table tennis was there as well. MMA followed, and in the fall, the return of the NFL saw overall wagers go up. Last January, the state collected more than $1M in tax revenues for the first time.

After the closing of books for the first year of Colorado sports betting, the Boulder State collected more than $6.6M in tax revenues. That amount is expected to balloon this year with the NBA and NHL in their second postseasons since the shutdown. MLB is back to its 162-game regular season schedule and the NFL is set to start its first 17-game season. And yes, don’t forget table tennis too.

Casinos in Cripple Creek Will Remain Open, For Now

Colorado Casinos

Colorado is home to a large and successful casino industry. Most of the casinos here are located in three different cities. According to new reports, the casinos in Cripple Creek will remain open to the public, despite the state’s new safety regulations.

It’s good news for gambling fans in this city. No one knows how long the gambling venues in this city will remain open for, though. Today, we’re going to talk about what’s happening with the casino industry in Colorado right now.

Let’s get into it!

Colorado’s Casino Revenue Has Been Increasing Lately

Like all other states, Colorado forced all of its casinos to shut down back in March. This took a huge toll on the state’s gambling cities. Here, only Black Hawk, Central City, and Cripple Creek are able to legally host commercial casinos.

Officials in each of these cities immediately started working to get their casinos operational again. Colorado’s lawmakers were hesitant to open anything up, though. Many feared that doing so would result in another major infection spike.

Finally, in late June, casinos in this state were given permission to slowly reopen. Initially, these venues were only able to offer players slot games. In September, officials began allowing the casinos here to offer table games.

Casino revenue has been gradually increasing here each month. The state’s new sports betting industry is also bringing casinos some much-needed revenue. In September, the state saw $207 million in sports wagers.

It should come as no surprise that casino revenue remains far lower this year than in 2019. Unfortunately, the downward trend is likely to continue. State leaders recently announced a new set of regulations that will have an impact on the casino industry.

Fortunately, not every city is closing down its gambling venues.

Official Claims the Casinos in Cripple Creek Will Remain Open

Cripple Creek is home to many of Colorado’s most popular casinos. Officials here immediately expressed concern when the new regulations were announced by Governor Jared Polis. Fortunately, these new rules will not force these casinos to shut down again.

This week, Teller County Commissioner Norm Steen spoke to the media and claimed the casinos in Cripple Creek will remain open to the public. For now, these venues will need to limit capacity to just 25%, or less than 50 people. It’s not ideal, yet casinos are simply happy to hear they can continue operating.

Matt Andrighetti, general manager of the Wildwood Casino, told the media this news has been fantastic for him and other casino operators in the city.

“Big big weight that was lifted off our shoulders,” he said. “It came a little later in the day than we preferred but good news delivered late is better than bad news delivered anytime. We’re not concerned about the revenue impacts right now. We’re happy we could stay open and keep our people employed through the holidays.”

This news is also fantastic for the thousands of individuals employed in Cripple Creek’s casino industry. For months, these individuals were left without work. For now, the casino jobs in the city will remain in place.

No one knows how things will look in the future. Colorado’s health department will keep an eye on infection rates from Cripple Creek. For now, these rates are extremely low. If a spike is seen, however, it’s reasonable to assume the casinos here will shut down again.

Colorado’s Sports Betting Industry is Growing

Lawmakers in Colorado were interested in legalizing sports betting since PASPA was removed in 2018. Finally, in November of 2019, a vote was passed to allow this form of gambling. It wasn’t until mid-2020 that the state’s sports betting industry launched, though.

It didn’t come at the most ideal time. When the first sportsbooks began operating here, many of the country’s largest sports leagues were still shut down. As the months went on, more of these leagues started resuming their seasons.

Colorado now has a very large and successful sports betting industry. Mobile sports betting is proving to bring in the most money for the state. Nearly 98% of all sports wagers placed here are done online.

Interestingly, bettors have been winning big here lately. In September, the state’s betting platforms held onto just 2% of the wagers placed here. That brought in $4.1 million and only $70,000 via taxes for the state.

No one expects sports betting operations to slow down here. The NFL season is bringing in a huge number of bets every week. With many casinos in the state now shut down, gambling fans are turning to online sports betting.

For now, the casinos in Cripple Creek will remain open. Health officials will need to keep an eye on infection rates here. Stay tuned for updates over the next few weeks!

Are you surprised to see some of the casinos in Colorado remaining open? How do you think the casino industry here will look in 2021? Let us know in the comments section below!

Casinos in Colorado Are Finally Beginning to Bounce Back

It’s been several months since Colorado’s commercial casinos were given permission to begin operating again. Unfortunately, the amount of revenue earned from these gambling venues has been considerably less than it was last year. New reports show that the casinos in Colorado are finally starting to bounce back.Shape of Colorado State, Red Casino Chip on Top of State

It’s fantastic news for the state. The casinos here help to boost tourism, provide jobs, and bring Colorado large amounts of revenue every month. Today, we’re going to look at what is contributing to the rise in gambling earnings here.

Let’s get into it!

The US Casino Industry Continues to Struggle Heading into Fall

When casinos around the US were ordered to shut down back in March, many felt things would only remain that way for a couple of weeks. It was an unprecedented move for cities like Las Vegas that rely almost entirely on these casinos. As the weeks went on, it became clear that the casino industry would be severely affected.

Certain areas of the country were hit harder than others. Las Vegas and Atlantic City immediately began looking at ways to safely get casinos open again. Other states made it clear that it would take time to get any crowded casinos, including casinos, open to the public again.

Each state has taken its own approach to reopening casinos. Nevada Governor Steve Sisolak gave casinos the green light to open back up in June. New Jersey waited until July to get Atlantic City up and running again.

New York was the last state to lift its restrictions on commercial casinos. News broke at the end of August that casinos in the state would finally open up in mid-September. Several of these casinos are now operational again.

Some fear that things may be forced to shut down again once the colder weather approaches. Health experts warn that cases are likely to increase dramatically over the next few months. Casino companies will likely do everything they can to prevent another major shutdown.

Over in Colorado, the gambling industry appears to be slowly improving.

NFL Betting and Table Games Are Already Helping the Casinos in Colorado

Many are surprised when they hear that Colorado has one of the largest casino industries in the Western United States. Lawmakers in this state ordered all casinos to shut their doors in March. It wasn’t until June that commercial casinos here were allowed to begin operating again.

The casinos in Colorado took longer to bounce back than others in nearby states. It was tough for the many residents employed inside these properties. Officials inside the three cities where casinos are located have been looking at ways to boost gaming revenue.

Not long ago, a measure was approved to finally allow table games inside the state’s casinos. These have been prohibited over the past few months over fears they attract crowds. Casino owners here claim they are already seeing a major increase in visitors with these games now available.

“Our dealers are really excited to be back at work,” Monarch Casino COO David Farahi said. “We want to make sure that we have a density that still allows for social distancing in the building.”

Sports betting was made legal in Colorado earlier this year. This industry is already helping to boost revenue. With the 2020 NFL season now underway, gambling revenue in the state is increasing rapidly once again.

Things are far from normal for the various casinos in Colorado now operating. Things may never return to the way they were in 2019. Fortunately, it appears that these casinos are seeing an uptick in revenue. Hope is that this continues for the rest of the year.

US Sports Betting Revenue is Expected to Surge This Fall

The popularity of sports gambling has been rapidly increasing around the United States since May. Interestingly, many states have seen record revenue earnings in 2020. It’s a surprising statistic when considering many US sports leagues were completely shut down for several months this year.

On September 10th, the 2020 NFL Season officially kicked off. It’s expected to be one of the most-watched seasons in recent history. Many analysts also expect it to be one of the most wagered on seasons ever.

Sports betting revenue is already increasing with the season now underway. As we just mentioned, casinos in Colorado saw their revenue earnings increase dramatically. Sportsbooks around the country are expected to see an increase, as well.

Some fantastic online sportsbooks are available throughout the entire country right now. One that many football fans are flocking to is Bovada. This site is known for being safe and offering its members a huge range of different NFL odds.

It’s great to see that sports betting earnings are up right now. Casinos certainly need it. Stay tuned for more reports on gambling revenue over the next few weeks!

Do you plan to visit any casinos in Colorado this year? Let us know in the comments section below!

Bet.Works Launches Self-Service Betting Terminals in Colorado

Shape of Colorado State, Red Casino Chip on Top of State
U.S. sports betting technology provider Bet.Works has launched its own branded self-service betting terminals in Colorado. The devices, called Elite Sportsbook, are positioned at the Red Dolly Casino in Blackhawk, Co.

Said Bet.Works CEO David Wang:

“Bet.Works is continuously innovating and leading the way in creating the best sports entertainment products available on the market. Our self-service betting terminals featured at the Red Dolly Casino provide Colorado players with a convenient and simple platform to wager on-property. Bet.Works is very proud to add this guest service technology to our U.S. entertainment portfolio.”

Self-Service Betting Terminals

The GLI certified self-service betting terminals were designed and built by KIOSK Information Systems, a leading provider of self-service kiosks in North America. The ELITE Sportsbook has a dual 22” PCAP displays and a programmable colored LED lighting. It boasts of an intuitive user interface and a comprehensive transaction component. The kiosk integrates scanning, cash acceptance, ticket in/out for independent wagering.

The devices are a product of the partnership between Bet.Works and Elite Casino Resorts. These two companies previously teamed up to bring sports betting technology to Iowa. Last month, the two Iowa casinos where they launched their product contributed a combined 15.2% of the sports betting revenue in The Hawkeye State.

Sports Betting Picking Up in Colorado

Sports betting became legal in Colorado at the height of the COVID-19 pandemic in May 2020 when almost all of sports was shut down. Despite U.S. professional sports leagues like the NBA, MLS, and MLB suspended, it was able to generate a total of $946,741.34 revenue during its maiden month.

With games returning in recent months, Colorado’s sports betting activity has picked up quickly. Revenue grew by 35.8% from the first month or $3.M during June. In the month of July, the total sports betting revenue in The Centennial State totaled $5.2M. With the NFL set to start its 2020 season this month, the numbers are expected to increase further.

Colorado’s Sports Betting Industry is Already Surging

On May 1st, 2020, Colorado became the 18th state to launch its regulated sports betting industry. It’s becoming clear that this was a great move by “The Centennial State.” According to new reports, Colorado’s sports betting industry continues to bring in huge amounts of revenue.Colorado Flag Picture

Sports betting is growing more popular around the country every month. More states are now beginning to take a look at legalizing and regulating this industry. Today, we’re going to check out exactly how much money the sports betting platforms in Colorado managed to bring in last month.

Online Sports Betting is More Popular Than Ever Before

Since March, the entire US gambling industry has been shifting online. Land-based casinos around the county had shut down and more gambling fans began to realize how easy and fun it was to make their wagers online. In many parts of the country, online sports betting is now regulated and taxed.

It’s clear that online gambling is here to stay. Revenue from the industry has been increasing steadily for months. The American Gaming Association recently released a report showing exactly how much money the regulated internet casino and poker industry is generating right now.

According to this report, these casino and poker platforms have already generated $402 million in 2020. That represents a 300% increase when compared to 2019. Incredibly, only a few states currently regulate their online casino industries.

Almost every state has seen its online sports betting revenue increase in 2020. That doesn’t necessarily mean everything is going well, though. Land-based revenue across the country is down considerably. Things are beginning to improve in cities like Las Vegas, yet revenue remains significantly lower than it was last year.

It’s an interesting dilemma for gambling companies around the United States. Many are now focusing more on improving their online gaming operations. State leaders are also beginning to take a closer look at the regulation of this industry.

New reports are now showing how much the sports betting industry over in Colorado is generating.

Here’s an Update on Colorado’s Sports Betting Industry

Lawmakers in Colorado have been interested in legalizing sports betting since PASPA was struck down back in mid-2018. In late 2019, a sports betting bill was finally approved by the House and Senate. Voters approved the bills a short time later. On May 1st, the first state-regulated sports betting platform went live here.

Since that time, this industry has grown immensely. Colorado’s sports betting industry has generated more revenue with each passing month. That’s true once again in July, according to the Colorado Division of Gaming.

The state’s sports platforms generated an incredible $59,183,619.73 in July. That’s a staggering 55% increase from June. As some analysts are pointing out, that includes revenue from the newly-opened brick-and-mortar sportsbooks.

Dustin Gouker, a gaming analyst based in Colorado, gave an optimistic take on the state’s sports gambling market.

“It only took a few days of basketball and baseball games in July to show the demand that is out there in Colorado for sports betting,” Gouker said.  “In just three months, Colorado has established itself as the fifth-largest sports betting market in the U.S, and the number of sportsbook operators in the state is growing rapidly. And with a robust August schedule that includes playoff runs by the Denver Nuggets and Colorado Avalanche, the short-term outlook for the state is excellent.”

There are now eight land-based sportsbooks based in Colorado. 10 different online sportsbooks are operating here, as well. To the surprise of many, baseball, soccer, and table tennis were the most popular sports wagered on in July.

Casinos in Colorado Struggle to Get Back on Track

Colorado is home to a huge number of fantastic casinos. The state legalized Class III casino gambling back in 1991 and now draws in large numbers of gambling fans from nearby states. The vast majority of gaming venues here are located in just three cities.

In March, all the casinos here were forced to close down. It was devastating for the cities that rely on these properties for tourism and employment. By early June, state leaders gave the green light for the casinos to open their doors again.

These properties are now struggling to attract players. Most are now fully operational again, albeit with major safety regulations set in place.

Lawmakers here recently introduced a measure to increase bet limits inside casinos. To qualify for the ballot, 124,632 signatures must be confirmed. The goal is to give more power to the residents who rely on these casinos.

Fortunately, Colorado’s sports betting industry is helping to make up for the lost casino revenue. Revenue from this industry increased dramatically in July. We’ll now need to wait and see how things look in August.

Are you surprised to see how popular sports betting is in Colorado? Let us know in the comments section below!

Many of Colorado’s Best Casinos Will Reopen on June 17th

Colorado is home to a large and successful casino industry. Since March, residents in this state have been asking lawmakers when these gambling venues would be allowed to reopen to the public. Now, it appears we have an answer. Some of Colorado’s best casinos plan to start accepting guests again on June 17th.Colorado Flag Picture

States across the country are starting to allow their casinos to open back up. Fortunately, no major issues have come up in doing so. Today, we’re going to look at which casinos in Colorado will reopen next week.

Let’s get into it!

The US Casino Industry is Now Up and Running

We’re now a week into June and most states have begun to lift their restrictions. In many parts of the country, that means allowing casinos to start operating again. Many state leaders realized that if they didn’t allow these gambling venues to open, many would be forced to permanently close their doors.

Each state is taking a unique approach to this situation. In some areas, such as Oklahoma and California, all of the casinos here are tribal-owned. That means the tribes operating these venues can set their own regulations without needing the state’s approval.

In Las Vegas, lawmakers need to approve each and every reopening proposal. Many of the best casino-resorts in Las Vegas began opening back up on June 4th. According to several reports, tourism rates surged here through last weekend. No serious issues have come up.

Every day, another US casino decides to open its doors. States with higher Covid-19 infection rates are obviously taking a longer time to kickstart their gambling industries. Things are getting better around the country and most feel that the casino industry will be completely back to normal before long.

Colorado is home to many fantastic casinos. The owners of these venues have continued to press lawmakers for more details about when they’re allowed to reopen. Fortunately, a set of plans to open these venues up has just been approved.

Some of Colorado’s Best Casinos Will Reopen Next Week

Colorado’s casino industry is one of the more interesting ones in the country. Here, all of the state’s gaming venues are located in just a few cities. That includes Blackhawk, Cripple Creek, and Central City. Several Native American casinos can be found in other parts of the state.

These venues were initially forced to close down back in March. No one knew how long these regulations would remain in place for. Many of the casino companies here began looking at ways to safely open back up to the public.

State officials were hesitant to set a reopening date. This week, though, that’s beginning to change. The Colorado Department of Public Health and Environment has approved plans that allow casinos in Blackhawk and Central City to reopen with certain restrictions set in place.

As many know, some of Colorado’s best casinos are located in these two cities. Below are some of the guidelines these venues need to abide by.

  • Casinos must limit capacity to 50% of the listed occupancy code.
  • Employees will be monitored daily for symptoms.
  • Offer accommodations for any employees with Covid-19 symptoms.
  • Post signs on casino doors that tell guests with Covid-19 symptoms not to enter.

Casinos in Blackhawk and Central City will be allowed to open up on June 17th. Interestingly, they will only be allowed to offer slot machine gambling. After three weeks, state leaders will decide on whether or not to allow table games to be offered.

The casino industry in Colorado is about to be brought back to life. As many are aware of, the sports betting options here continue to grow more popular.

The Sports Betting Industry in Colorado is Growing Quickly

Nearly half the states in the country have now officially legalized sports betting. That’s thanks to the US Supreme Court striking down PASPA back in May of 2018. Just about every one of these states with regulated sports betting options are profiting massively off this industry. Soon, almost all of Colorado’s best casinos will start operating sportsbooks.

Colorado is known as a very liberal, forward-thinking state. It came as no surprise when lawmakers here decided to legalize sports betting. It then came down to a public vote and was passed in November of 2019.

The first legal sports gambling options became available in this state on May 1st. As many expected, things were highly successful. The state’s regulated sportsbooks managed to bring in $25.5 million last month.

The majority of these wagers were placed on the UFC. The MMA leader managed to become the first major sports league to resume operations in May. It’s since put on several events and is now back on its normal schedule.

Several leagues have recently approved plans to resume their seasons. As time goes on, sports betting revenue in Colorado will continue to increase. The same can be said for casino revenue here!

Are you excited to see some of Colorado’s best casinos to reopen? Let us know in the comments section below.