Colorado: Odds favor metro Denver landing U.S. tech hub for large European online sportsbook

Colorado: Odds favor metro Denver landing U.S. tech hub for large European online sportsbook

Article brief provided by The Denver Post
  • Aldo Svaldi, The Denver Post
August 26, 2021 6:40 PM
  • Aldo Svaldi, The Denver Post

Executives at Tipico, one of Europe’s largest online sports betting platforms, called metro Denver the leading contender for a new technology hub as the company looks to expand its U.S. operations.

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The Colorado Economic Development Commission on Thursday morning approved up to $7.5 million in job growth incentive tax credits for the company, which is based in Malta, if it brings 441 jobs over the next eight years to the state. The jobs, which skew heavily toward software and data positions, are expected to come with an average annual wage of $96,315.

“We believe Denver is the right long-term home for our project. We believe it is a place where we can locate people,” said Adrian Vella, who is overseeing the U.S. expansion for the sportsbook, which is currently licensed to operate in New Jersey and Colorado.