Today, the Colorado Limited Gaming Control Commission (CLGCC) announced it approved seven casinos for CO sports betting licenses. Also, the CLGCC approved nine new rules.
The busy day for the state’s gaming regulators is a good omen for the state’s plan to launch sports betting by May 1.
Seven casinos licensed for CO sports betting
The inaugural Colorado sports betting licenses are known as “first master licenses.”
The seven casinos that won licenses are:
- Monarch Casino Resort Spa
- Saratoga Casino Black Hawk
- Dostal Alley
- Double Eagle Hotel & Casino
- Brass Ass Casino
- J.P. McGill’s Hotel & Casino
- Midnight Rose Hotel & Casino
Per CLGCC regulations, the above licenses are not concurrent, which means operators the casinos hire to run their sports betting platforms have to go through their own approval process.
The nine rules the commission approved
In addition to granting seven licenses, the CLGCC approved a series of rules related to sports betting.
The commission approved all nine proposed rues unanimously, portraying a unified, focused legislative body. The rules they passed covered:
- The power and duties of the CLGCC commissioner
- Taxes and fees
- Authorized sports betting activities
- Rights and duties of licensees,
- Requirements for sports betting operations
- Sports betting integrity
- Responsible gaming and self-restriction options
- Disciplinary action regulations.
Co sports betting and integrity fees on hearing agenda
Today’s approval of seven licenses and nine rules was a victory for a state with plans to launch sports betting on May 1. However, it was not immune to some healthy debate.
Several individuals spoke before the commission regarding several different rules and regulations.
Bill Baer, a representative from casino owners Twin River Properties, asserted that the commission’s responsible gaming rules should put the onus on the gambler, not the casino.
Per the commission’s minutes from today’s meeting, Baer testified:
“Responsible Gaming Rules should not mandate the way a company does business, and instead, patrons should be responsible for their actions and decisions when it comes to Gaming.”
Also of interest was a discussion that Division of Gaming Director Dan Hartman led regarding sports integrity fees.
The regulations as they were at the time of discussion allowed for integrity fees and the outsourcing of data. Hartman reasoned that the state was better off hiring an outside operator to run its integrity operation instead of an in-house organization.
What’s next in the Golden State?
The hope is that Colorado will launch one or multiple CO sports betting apps on or soon after May 1, the date that a Nov. 2019 proposition set as the earliest date on which casinos and sports betting operators could take bets.
The state is home to several professional sports teams, including:
- Denver Broncos (NFL)
- Colorado Rockies (MLB)
- Denver Nuggets (NBA)
- Colorado Avalanche (NHL)
- Colorado Rapids (MLS)
These various teams provide a banquet of betting opportunities for Colorado sports betting fans.
Currently, the May 1 launch date is encouraging. However, it is frustrating at the same time. Sports betting in Colorado will have missed the Super Bowl, March Madness and the NBA playoffs.