Newmark, Metro Denver EDC and OEDIT Announce bet365 Opens its U.S. Headquarters in Denver

September 30, 2024 9:00 AM

Newmark, the Metro Denver Economic Development Corporation (EDC) and the Colorado Office of Economic Development and International Trade (OEDIT) announce that bet365, a leading global online sports betting company, has opened its new U.S. corporate headquarters in Denver at One Platte, or 1701 Platte Street. The UK-based company expects to bring nearly 1,000 jobs to the Denver community.

“We are thrilled to welcome bet365 and nearly 1,000 jobs to Colorado and congratulate them on the grand opening of their new U.S. headquarters here,” said Colorado Governor Jared Polis. “bet365 will create nearly 1,000 new good-paying jobs and as many as 300 this year that will help Coloradans earn a good living and support their families. We are confident they will quickly find that our great state is the best place to live, work and do business.”

“We are excited to welcome bet365 to its U.S. headquarters’ new home, the Mile High City,” said Denver Mayor Mike Johnston. “bet365 has added 1,000 jobs to our economy and will add even more vibrancy to our downtown city center.”

bet365 anticipates onboarding over 300 employees within the first year of its Denver operations, with approximately 50 employed at the time of the opening. The new headquarters will offer positions across a full suite of services, including customer service operations, trading, software development and technology, with additional openings in marketing, legal, finance, facilities, human resources and recruitment. The decision to locate in Denver was influenced by the city’s skilled workforce and its reputation as a hub for innovation and technology.

“Unveiling our U.S. headquarters in beautiful downtown Denver represents a watershed moment in bet365’s North American journey,” said a bet365 spokesperson. “The Mile High City and its thriving business community is the ideal location to launch the next chapter in our company’s future, and we’re excited to create an industry-leading, innovative workplace in our new home.”

The Colorado Economic Development Commission (EDC) approved up to $14,055,942 in a performance-based Job Growth Incentive Tax Credit over an eight-year period for the company. These incentives are contingent upon bet365, referred to as Project Forge throughout the OEDIT review process, meeting net new job creation and salary requirements. Newmark Executive Managing Director Andrew Blaustein, along with Newmark’s Economic Incentives Advisory team, secured the tax incentives from OEDIT on behalf of bet365.

“We are confident that Colorado’s nation-leading quality of life and culture of innovation will make our state a great home for bet365, and believe this expansion is a win-win, including Colorado workers,” said OEDIT Executive Director Eve Lieberman. “bet365 is committed to creating good-paying jobs and a culture of excellence for their employees.”

“We’re thrilled to welcome bet365 and its U.S. headquarters to Downtown Denver, marking a significant milestone in our region’s economic growth,” said President of the Metro Denver EDC, Raymond H. Gonzales. “This project wouldn’t have been possible without the support and collaboration of OEDIT, the Colorado EDC, the City and County of Denver, and Mayor Mike Johnston’s Office. We look forward to the lasting impact this partnership will have on our community, driving both economic opportunity and vibrancy for Denver’s downtown for years to come.”

bet365 has taken 120,000 square feet at One Platte, occupying two full floors within the five-story, Class A office building nestled between downtown Denver and the vibrant Highlands neighborhood. Prior to opening, the company completed a renovation of the space to support its operational efficiencies and employment goals, creating an environment that reflects its commitment to employee well-being and a vibrant workplace culture.

Newmark’s Blaustein and Director Josh Pons, in collaboration with Knight Frank, represented bet365 in leasing the space. The landlords, Nichols Partnership and Shorenstein, were represented by Newmark Vice Chairman Jamie Gard and Executive Managing Director Jeff Castleton. Gensler served as the architect and designer for the renovation while Task PM led the project management, carrying out bet365’s vision for the new facility.

“Securing bet365’s U.S. headquarters in Denver is a testament to the strength of our collaborative efforts and the appeal of Denver as a leading business destination,” said Blaustein. “By aligning Newmark’s full-service capabilities with the city’s vibrant economic landscape, we were able to identify the perfect location to support bet365’s ambitious growth plans. This project not only brings significant investment and jobs to the area but also reinforces Denver’s position as a key player in the global market.”

bet365 has one additional U.S. office in New Jersey, as well as offices in the UK, Gibraltar, Malta, Australia, Colombia and Bulgaria.

About bet365
At bet365, we don’t do ordinary.

The original pioneers of In-Play betting, our world-class proprietary product was born out of Stoke-On-Trent, UK, and now extends to 96 sports and over 1,000,000 live streams to 100 million customers worldwide.

Our global brand is powered by more than 7000 employees with offices in the UK, USA, Gibraltar, Malta, Australia, Colombia and Bulgaria.

Cultural and linguistic zones from over 150 global territories are serviced using geo-specific content and 22 different languages to enhance the customer experience, which is further improved through the offering of 26 different deposit currencies and 50 payment methods.

bet365 is committed to Safer Gambling. We promote gambling as an enjoyable leisure activity and we believe that gambling can only remain this way if you stay in control and gamble responsibly. However, we know that for some people gambling can stop being a harmless leisure activity and become a problem.

bet365 has a range of useful tools to help customers stay in control of their gambling that can be found at https://responsiblegambling.bet365.com/en

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Contact
Brentan Debysingh: Brentan.Debysingh@bet365.com

About OEDIT
The Colorado Office of Economic Development and International Trade (OEDIT) works to empower all to thrive in Colorado’s economy. Under the leadership of the Governor and in collaboration with economic development partners across the state, we foster a thriving business environment through funding and financial programs, training, consulting and informational resources across industries and regions. We promote economic growth and long-term job creation by recruiting, retaining, and expanding Colorado businesses and providing programs that support entrepreneurs and businesses of all sizes at every stage of growth. Our goal is to protect what makes our state a great place to live, work, start a business, raise a family, visit and retire—and make it accessible to everyone. Learn more about OEDIT.

About the Metro Denver EDC
Often called a “center of influence,” the Metro Denver EDC was the nation’s first regional economic development organization. A division of the Denver Metro Chamber of Commerce, from Castle Rock to Fort Collins and Golden to Greeley, we represent the 11 counties and 66 communities that contribute to our robust economy and incredible culture. As the economic development function of the broader Denver Metro Chamber of Commerce, the EDC serves a 11-county territory that represents two-thirds of the state’s population and three-quarters of the GDP. Learn more at www.metrodenver.org.

About Newmark
Newmark Group, Inc. (Nasdaq: NMRK), together with its subsidiaries (“Newmark”), is a world leader in commercial real estate, seamlessly powering every phase of the property life cycle. Newmark’s comprehensive suite of services and products is uniquely tailored to each client, from owners to occupiers, investors to founders, and startups to blue-chip companies. Combining the platform’s global reach with market intelligence in both established and emerging property markets, Newmark provides superior service to clients across the industry spectrum. For the year ended December 31, 2023, Newmark generated revenues of approximately $2.5 billion. As of June 30, 2024, Newmark’s company-owned offices, together with its business partners, operate from approximately 170 offices with 7,800 professionals around the world. To learn more, visit nmrk.com or follow @newmark.

Discussion of Forward-Looking Statements about Newmark
Statements in this document regarding Newmark that are not historical facts are “forward-looking statements” that involve risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements. These include statements about the Company’s business, results, financial position, liquidity, and outlook, which may constitute forward-looking statements and are subject to the risk that the actual impact may differ, possibly materially, from what is currently expected. Except as required by law, Newmark undertakes no obligation to update any forward-looking statements. For a discussion of additional risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see Newmark’s Securities and Exchange Commission filings, including, but not limited to, the risk factors and Special Note on Forward-Looking Information set forth in these filings and any updates to such risk factors and Special Note on Forward-Looking Information contained in subsequent reports on Form 10-K, Form 10-Q or Form 8-K.