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
October 28, 2020
IGT Generated $4.84B of Direct Economic Value in 2019
Gaming solution provider International Game Technology (IGT) released its latest sustainability report, to highlight its efforts to support the industry, the communities and the environment. IGT quantified the economic value from its products and services for 2019 to the amount of $4.84 billion. The report stated that both the direct economic value and the economic […]
Business
October 28, 2020
MotorCity Expands on Debt amid Fears of Second Closure
MotorCity Casino Hotel in Detroit is making provisions in case a second lockdown on the business is imposed. The Ilitch-owned gambling establishment got an approval from the Michigan Gaming Control Board (MGCB) during a special meeting Monday to expand on its revolving credit facility and overall finance model. MGCB Unanimously Approved the Plan The casino […]
Legal
October 28, 2020
ASA: Gala Spins’ Ad Breaching the CAP Code
The UK advertising regulator told a gambling operator an advertisement should not appear again in its current form as it is likely to be of particular appeal to children. The ruling issued by the Advertising Standards Authority (ASA) related to a paid-for Facebook post by Gala Spins in August, stated that the ad in focus […]
Business
October 27, 2020
DraftKings and MansionBet Extend Existing Partnership Deal
Daily fantasy sports and sports book operator DraftKings announced today the renewal and extension of its relationship with MansionBet, the sports betting brand of Mansion Group. DraftKings’ B2B Technology According to the terms of the new multi-year deal, DraftKings will continue to power the sports book and casino platform of the Gibraltar-based Mansion Group through […]
Business
October 27, 2020
Genius Sports Goes Public, Merges with dMY Technology Group II
UK-based sports betting data provider Genius Sports announced today it entered into a definitive business combination agreement with the special purpose acquisition company (SPAC) dMY Technology Group II. Genius Sports Will Trade on the NYSE The $1.5 billion deal with the blank-check company will allow Genius Sports to start trading on the New York Stock […]
Casino
October 27, 2020
Las Vegas Sands Exploring $6B Sale of Its Strip Properties
Las Vegas Sands (LVS) is looking to sell its Strip properties, a Bloomberg report speculates based on information received from unnamed sources. By offloading its Las Vegas casino resorts Sheldon Adelson’s empire would be able to focus on Asian markets, Macau and Singapore, and support the development of other projects. LVS Soliciting Buyer Interest According […]
Legal
October 26, 2020
Oklahoma Governor Will Not Appeal US District Court Ruling
Oklahoma Governor Kevin Stitt released an official statement regarding the court ruling on gaming compacts last week, claiming he would not appeal the decision which would have statewide ramifications. According to the ruling in July, tribal gaming compacts which expired at the end of last year were automatically renewed for another 15 years starting January […]
Business
October 26, 2020
Caesars’ Bid for William Hill Approaching Day of Reckoning
UK-based sports book and iGaming operator William Hill is subjecting to shareholder vote Caesars Entertainment’s £2.9 billion takeover bid on November 17, just two days prior to a court hearing on the deal. For the cash deal to go ahead, 75% of William Hill shareholders should vote in favor of the offer from the casino […]
Business
October 26, 2020
AJO Partners Closes Down, Returns Money to Investors
Institutional investment manager company AJO Partners is closing down and returning funds to its investors, a letter from AJO co-founder and Co-CEO Ted Aronson to the company’s clients revealed. The fund will return $10 billion to investors in an act reminiscent of Warren Buffet’s closure of his Buffet Partners in 1969. Market Driven by Many […]
Business
October 25, 2020
Chief Investment Strategist: Further Fiscal Stimulus Not Needed
Growing calls from investors, executives and lawmakers for more fiscal stimulus to further support the economic rebound seem to ignore the strength of the economic recovery, James Paulsen, chief investment strategist at The Leuthold Group pointed out. Avoid Noise for More Aid In a note to clients Thursday, Paulsen defied Federal Reserve Chairman Jerome Powell […]