The fast-growing sportsbook, Circa Sports, continues to expand its presence in Nevada. Besides the state, the sportsbook has established operations in other important markets, including Colorado, Iowa and Illinois. Additionally, Circa is expected to enter the betting vertical in Kentucky as well. Earlier this week, the company made progress in its expansion in Nevada, after a meeting with the gambling regulator in the state, the Nevada Gaming Control Board (NGCB).

On Wednesday, the Board recommended Circa for approval for a license for the operation of the Silverton Casino Lodge, located less than five miles from the famous Las Vegas Strip. At the meeting on Wednesday, the NGCB recommended the operator be approved for licensing to operate Silverton.

Circa confirmed its plans to open a temporary sportsbook at the location early next year, possibly on January 1, 2024. However, to proceed further and expand its presence, the sports betting operator would need to secure approval from the Nevada Gaming Commission as well. This approval, Circa expects to secure this at an upcoming meeting with the Commission scheduled for November 16, 2023.

Once this happens, the operator would be cleared to take over the operation of Silverton. Currently, the venue is operated by Caesars Entertainment’s William Hill. Given that Circa secures the approval from the Nevada Gaming Commission, the company confirmed it will prepare to launch a temporary sportsbook, while the venue undergoes renovation.

Permanent Sportsbook Expected to Open in March

George Assad, one of NGCB’s members, who was recently cited by CDC Gaming Reports, spoke about the benefits of having Circa sportsbook in Las Vegas. On Wednesday, he explained: “You’re a plus for the entire state and certainly for the downtown area and I’m more than thrilled to approve this application and watch you succeed with your expansion of Circa Sports throughout the country.”

“The sportsbook would include a substantial renovation of the property and be an investment on our part. We plan on hiring all of the individuals and they’ll be Circa Sports employees.“

Derek Stevens, co-owner of Circa Hospitality Group

The revamped Circa sportsbook at Silverton is expected to open its doors just in time for the 2024 March Madness, confirmed this week the co-owner of the Circa Hospitality Group, the company operating Circa Sports, Derek Stevens. He explained that this project includes a significant renovation of the property. Moreover, Stevens said that Circa is prepared for the investment required for this renovation. Finally, he said that the company is also planning to hire the people who would be employed by the new sportsbook.

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Circa Sports Illinois has received its license to operate in the state, marking a significant milestone in the eagerly awaited launch of legal sports betting in Prairie State. The Nevada-based sportsbook operator obtained its sports wagering management services provider license from the Illinois Gaming Board on April 27 in Chicago, granting it the authority to offer online and in-casino betting services. 

Anticipation Builds as Circa Sports Prepares for Late August Launch in Illinois

This approval positions Circa Sports Illinois as one of the eight licensed sportsbook operators in the state. With this crucial step complete, the operator is now on track to debut in the third quarter of 2023, specifically targeting a late August launch, just in time for the start of the football season. 

Circa Sports has partnered with Full House Resorts to provide both retail and online sports betting platforms for the upcoming American Place Casino. As the main casino is still under development, Circa Sports will be temporarily located at “The Temporary” in Waukegan until the completion of the probationary stage required by the Illinois Gaming Board to receive a nonrestricted casino license.

The sportsbook’s launch is eagerly anticipated, as it promises to offer a diverse range of betting options on various sporting events. In addition to the sportsbook, American Place Casino plans to enhance its offerings by expanding operating hours and increasing the number of table games available to patrons. 

The introduction of the sportsbook is expected to attract a larger customer base and contribute to the overall lively ambience at American Place Casino. 

Illinois Considers Legalizing Online Casinos

Circa Sports partnered with Full House Resorts to enter the Illinois sports wagering market back in May 2022. Illinois marks the fourth state where Circa has expanded its operations, following Nevada, Iowa, and Colorado. 

The initial agreement term is eight years, with the potential for two four-year extensions. The CEO of Circa, Derek Stevens, expressed excitement about bringing their market-leading solutions to Illinois, highlighting the state’s status as a rapidly growing market in the sports betting industry. 

Meanwhile, in February Illinois State Senator Cristina Castro introduced bill SB1656 to legalize online casinos in the state. The proposed legislation would allow casinos and racetracks to apply for internet gaming licenses, with a $250,000 cost per license. 

The bill set a 15% tax rate on adjusted gross revenue and included provisions for responsible gambling and diversity efforts. While a previous attempt to legalize online casinos failed, the success of sports betting in Illinois has made lawmakers more receptive. 

The introduction of online gambling could provide a much-needed revenue stream, but it may face challenges due to existing tax revenue from video gaming terminals and the upcoming launch of new casino venues.

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