Julie Moraine's latest articles
Julie Moraine
Lead AuthorWith 4 years experience as an analyst, Julie—or ‘Jewels’, as we aptly refer to her in the office—is nothing short of a marvel-worthy in her attention to the forex and cryptocurrency space as she quickly became the first pick to co-pilot education to the masses with Mike.
Business
November 7, 2020
Wynn Resorts Absorbes BetBull into $80M Wynn Interactive
Wynn Resorts and UK social sports betting operator BetBull expanded on their partnership by creating an $80 million joint venture company, as the casino operator is looking to diversify its portfolio of online gaming. As part of the deal, Wynn has also acquired the BetBull business for an undisclosed price. Wynn Acquires BetBull Wynn Resorts […]
Business
November 7, 2020
DraftKings Denied Verbal Authorization for Proxy Betting
Boston-based daily fantasy sports (DFS) and sports betting operator DraftKings responded to reports related to a recent case of proxy betting. A spokesperson for the operator denied claims DraftKings director of sports book Johnny Avello had some kind of a verbal agreement with the Florida resident to engage in proxy betting. $3 Million Parlay Bets […]
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 […]