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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.
Esports
October 19, 2020
ESIC Sanction against Bezhanov Rescinded with Immediate Effect
The Esports Integrity Commission (ESIC) released the appeal result for Sergey ‘LMBT’ Bezhanov, one of 37 professional coaches in Counter Strike: Global Offensive (CS:GO) who were banned from coaching following a recent cheating scandal. Bug Exploit Scandal Bezhanov and the others were suspected of exploiting a “spectator bug” in CS:GO which allows players to move […]
Legal
October 19, 2020
AUSTRAC Launches Investigation into Crown’s Compliance
Crown Resorts announced Monday its flagship casino in Melbourne has been subjected to an investigation by the Australia’s financial crimes regulatory body, the Australian Transaction Reports and Analysis Centre (AUSTRAC). Due to an assessment which started in September 2019, the agency is concerned with the way the casino is handling high net worth individuals (HNWIs) […]
Business
October 18, 2020
Detroit Casinos’ September Revenues Drop, Paying Less Tax
The Michigan Gaming Control Board (MGCB) released Wednesday the September revenue figures for the commercial casinos in Detroit, reporting a year-over-year drop in slot and table game verticals. MGM Grand Detroit, MotorCity Casino Hotel, and Greektown Casino-Hotel generated $87.9 million in gambling revenues, plus another $4.4 million in adjusted receipts from sports betting. The reported […]
Business
October 17, 2020
BGC Asks the Government to Reconsider Lancashire Casino Closures
The gaming industry association body in the UK, the Betting and Gaming Council (BGC), issued a plea to the Government to reconsider its recent decision to order gaming establishments in Lancashire to close indefinitely, arguing the impact on the coronavirus cases curve would be minimal but the economic consequences for the region would be dire. […]
Industry
October 16, 2020
Legal Action against Betfred’s Refusal to Pay Winnings
A gambler who has been trying to collect his winning from an online operator for two and a half years has turned to the court system to restore justice. Andrew Green, 54, from Washingborough, Lincolnshire, is suing Betfred and its parent company, Gibraltar-based Petre for £2 million including interest, for having his 2018 winnings of […]
Business
October 15, 2020
GambleAware Donations in Q1 and Q2 2020 Exceeded £2M
UK charity GambleAware revealed the amount of donations it received from April to September 2020, in line with its arrangements for transparency. The body which seeks to support the Gambling Commission’s efforts towards reducing gambling harm through voluntary donations from the gambling industry received £2.29 million for Q1 and Q2. The charity asks all those […]
Business
October 15, 2020
Fitch: Las Vegas Faces a Prolonged Way to Recovery
Fitch Ratings published a gambling industry research Wednesday, claiming regional casinos are bouncing back and gradually heading towards pre-closure levels. The rating agency noted, though, that for Las Vegas the road to recovery would be slow, projecting 2024 as the year the gambling Mecca would reach its 2019 revenue levels. Reliance on Convention, Tourism and […]
Sports
October 14, 2020
DFS Weekend Chaos as Data Outage Leaves Players on the Dark
Fans of daily fantasy sports (DFS) had a weekend to forget, as an outage in the data turned all participants blind as to what was happening and who stood wherein the ranking. The issue with Stats Perform significantly disrupted contests across multiple platforms and caused players to vent their frustration. Delays in Scoring Delays for […]
Business
October 13, 2020
MGM Resorts Completes $750M Senior Notes Offering Due 2028
MGM Resorts International announced in an investor update today it successfully completed a previously announced issuance of senior notes to the amount of $750 million due 2028 and priced at 4.75% annually. The new debt issuance was initiated in April, amid the uncertainty regarding the ongoing health crisis which forced federal and state authorities to […]
Business
October 13, 2020
TRWH Acquires Bally’s, Plans to Rebrand Its Properties
Rhode Island-based casino operator Twin River Holdings, Inc. announced today it acquired the Bally’s brand from its owner, Caesars Entertainment, for $20 million. The deal will allow the casino operator to keep the brand for the previously purchased Bally’s Atlantic City and also rebrand all of its casino properties. Bally’s Rise and Fall Bally’s brand […]