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Julie Moraine's latest articles
Julie Moraine
Lead AuthorWith 5+ years of experience as an analyst, Julie—affectionately known as 'Jewels' in the office—has quickly become our go-to expert in the forex and cryptocurrency space. Her keen attention to detail and deep understanding of the industry make her an invaluable asset. Julie's expertise and enthusiasm have made her the top choice to co-pilot educational initiatives alongside Mike, bringing knowledge to the masses.
Legal
July 14, 2021
Danish Regulator Announces Update in Certification Requirements
The gambling regulator in Denmark recently updated its requirements for certification of gaming operators and initiated a consultation period related to the amendments. The Danish Gambling Authority (DGA) announced on its website changes affecting certification for land-based gaming operators, online bookmakers and iGaming casino companies, while allowing interested parties almost two months to comment on […]
Industry
July 14, 2021
Football Index Administrators Start Customer Funds Repayments
Administrators at the collapsed sports betting platform Football Index announced withdrawals of customer funds are about to begin. Dispute with Payment Provider Resolved The announcement from insolvency practitioner firm Begbies Traynor, appointed in late March to administer proceedings at the collapsed sports betting platform with elements of stock market trading, came just a day after […]
Sports
July 13, 2021
Vietnam: Restrictive Betting Regulations Push Bettors Offshore
A local media report in Vietnam is blaming stringent regulations of legal sports betting in the country for the recent surge in illegal betting on soccer games seen in a period which featured both Copa America in Brazil and EURO 2020 championships. Restrictions Push Bettors to Illegal Market The report, published in VietnamNet, states that […]
Industry
July 13, 2021
Macau GGR Rebounds in July, Further Improvement Expected
A significant increase in Macau’s daily gross gaming revenue (GGR) registered in the first 11 days of July is bringing back hopes that the gaming industry will somehow manage to rebound strongly in the second half of 2021 and return to pre-pandemic levels. Daily Average GGR Rebounding Daily GGR from July 1 to July 11 […]
Industry
July 13, 2021
MGM’s Strip Sales and CityCenter Purchase Credit Negative
A recent report released by a top credit rating agency is warning investors about potentially increased risks from contingent lease obligations following a sale-leaseback scheme. Increased Credit Risk The report issued by Moody’s Investor Service considers the sale of the real estates of Aria and Vdara casino resorts on the Las Vegas Strip by MGM […]
Business
July 12, 2021
Stockholm-Listed Raketech Acquires P&P Vegas Group for $19M
Online gaming marketing affiliate firm Raketech announced today the acquisition of P&P Vegas Group Inc to strengthen its position in the growing US markets. Financial Details of the Acquisition The transaction is valued at €16 million ($19 million) on a debt-free basis and will be settled with €9 million ($10.68 million) in cash and 3,881,968 […]
Industry
July 12, 2021
Oregon June Sports Betting Posted Double-Digit Revenue Growth
Sports betting revenue in Oregon was on the rise in June, the monthly report released by the Oregon Lottery revealed. The state posted a double-digit increase in revenue on a sequential base. Steady Revenue Growth The Scoreboard, a sports betting product powered by Boston-based sportsbook and industry technology supplier DraftKings and run by the Oregon […]
Industry
July 12, 2021
Independent Study Recommends Cap on Deductions for Sportsbooks
A leading independent tax policy nonprofit, the Tax Foundation, released a report last week, evaluating the efficiency of different state’s approaches to sports betting taxation. Deductions Lead to Lower Effective Tax Rate Industry official data provided by the American Gaming Association (AGA) shows 21 US states and D.C. are currently offering legal wagering on sports, […]
Sports
July 9, 2021
New Jersey College Sports Betting Facing an Uphill Battle
New Jersey is not likely to see gambling expansion in November, as the proposed state constitutional amendment does not get the necessary public support, the latest FDU poll suggests. 67% against Betting on Local College Teams The proposed measure to allow wagering on college sports events with the participation of local teams is facing an […]
Industry
July 9, 2021
Renovated Billionaire Casino in Kiev Re-Opens for Guests
A luxury casino located in Kiev, the capital of Ukraine, opened its doors to guests after undergoing a major overhaul of its VIP gambling space. The Billionaire Casino Re-Opens Housed inside the 5-star InterContinental Kiev hotel, which dates back to 1638, the Billionaire Casino saw its gaming floor renovated with 14 new luxury table games […]