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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.
Business
November 6, 2020
Kindred’s Diversified Model Helped Shrug off Disruptions
Nasdaq Stockholm-traded gaming operator Kindred Group released an interim report today, informing investors about its third quarter and January-September financial performances, outlining it managed to shrug off the ongoing disruption in the industry for the third quarter due to its diversified model. Gross Winning Revenues Rise Kindred Group issued a trading update in October, ahead […]
Business
November 6, 2020
Golden Entertainment’s Third Quarter Business Recovering
Nasdaq-traded casino operator Golden Entertainment released Thursday its third quarter financial report, pointing out that the financial performance during the quarter at all of its properties quickly recovered from the coronavirus impact. Quarterly Revenues Down YoY Golden Entertainment posted 2020 third quarter revenues of $205.4 million, 15.6% down compared to the quarterly result for the […]
Casino
November 6, 2020
Caesars Entertainment Posted $926M Third Quarter Net Loss
Las Vegas business for Caesars Entertainment has been picking up speed, investors were told by the company’s CEO Tom Reeg during the third quarter conference call, a quarter in which the casino giant posted net loss of $926 million compared to net income of $37 million for the same period in 2019. Financial Statements Contain […]
Casino
November 5, 2020
Hard Rock Casino Northern Indiana Is Hiring Live Dealers
Hard Rock is looking to hire around 200 live dealers for its new casino resort in Indiana, multiple media sources report. The $300 million premier casino and entertainment destination, Hard Rock Casino Northern Indiana, is scheduled to open doors in the spring of 2021. Modern Casino Resort Located adjacent to the 80/94 Burr Street Interchange, […]
Business
November 5, 2020
Scientific Games Posted Third Quarter Net Loss of $111M
Gaming equipment and technology provider Scientific Games (SG) released Wednesday its results for the third quarter of 2020, noting its quarter financial performance was adversely impacted by the coronavirus disruptions within the casino industry. Casino Operation Disruptions and Debt Re-Measurement Scientific Games posted for the three months ended September 30 revenue of $698 million, 18.4% […]
Legal
November 5, 2020
Crown Resorts May Have Its License Suspended or Cancelled
The New South Wales (NSW) gambling regulator’s inquiry into Crown Resorts’ suitability for holding a casino license is continuing and the Independent Liquor and Gaming Authority (ILGA) showed Thursday for the first time what is at stake. The New Casino Opening under Threat Just weeks before the scheduled opening for its newly-built AU$2.2 billion casino […]
Casino
November 4, 2020
Nebraska Vote Opens the Way for Ho-Chunk’s Three Casinos
Residents in Nebraska approved the proposed gambling expansion for the state’s horse race tracks Tuesday, as nearly 65% of the voters agreed to a state constitution amendment that would permit tracks develop casinos. In anticipation of the vote, Ho-Chunk, the economic development of the Winnebago Tribe, formed this week a new business entity, WarHorse Gaming […]
Casino
November 4, 2020
Two-Thirds of Voters Approved Rivers Casino Portsmouth
Portsmouth referendum approved the development of a casino in the city as two-thirds of the residents’ votes were in favor of the $300 million project proposal. Rivers Casino Portsmouth, which is planned for Victory Boulevard, is also expected to create 1,300 permanent jobs, on top of the 1,400 temporary construction ones. Approved by a Margin […]
Business
November 4, 2020
Maryland, South Dakota and Louisiana Approve Ballot Measures
A trio of states voted in favor of ballot measures for the legalization of sports betting and fueled buying interest for stocks of sports betting operators on the markets Wednesday morning. Boston-based daily fantasy sports and betting operator DraftKings had its biggest rally in 3 weeks, posting gains of 6.2%, followed closely by Penn National […]
Legal
November 3, 2020
SportPesa Considers Taking Former Chair to Court for Allegations
Kenyan number 1 sports betting operator SportPesa is considering taking legal action against its former chair Paul Ndung’u, after a series of allegations of improper business conduct from non-Kenyan shareholders of the company. Transfers to Offshore Funds SportPesa officials believe the extent of the utterly false claims from Paul Ndung’u requires a proper response which […]