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.
While we acknowledge the potential of MGM as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
READ NEXT: 10 High-Growth EV Stocks to Invest In and 13 Best Car Stocks to Buy in 2025.
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