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Julie Moraine's latest articles

Julie Moraine

Lead Author

With 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 May 12, 2020
George Soros Among the High-Profile Investor Names Behind DraftKings
DraftKings Inc, the recently listed on the NASDAQ sports betting and online gambling company, has some high-profile names among its shareholders. Besides The Walt Disney Company that ended up as a passive investor into the fantasy sports and sports book provider through the acquisition of Fox Sports, it turns out Quantum Partners, the investment vehicle […]
Casino May 12, 2020
Eldorado CEO Says Merger on Track, Caesars Plans Reopening
Eldorado Resorts CEO Tom Reeg has expressed optimism about the pending merger between Caesars Entertainment Corp. and his company. Reeg commented that the $17.3 billion deal should be finalized by the end of June, as planned when the first was announced in 2019. The statement came during Eldorado’s earnings call on Monday, May 11, with […]
Casino May 11, 2020
Penn Boosts Liquidity through Common Stock and Senior Notes Public Offerings
Pennsylvania-based Penn National Gaming Inc announced today it started an underwritten public offering of common stocks, as well as an underwritten offering of convertible senior notes, to the amount of $250 million each. The new debt security the company is issuing has maturity in 2026 and can be converted into Penn’s common stock anytime until […]
Casino May 11, 2020
LVS May be Considering the Acquisition of Wynn Resorts, Analysts Suggest
Las Vegas Sands (LVS) may be looking to acquire Wynn Resorts, an analysis by a boutique investment bank and advisory firm for the gaming industry suggests. Union Gaming LLC, in a note published Thursday overnight, cited Okada Manila in the Philippines, Australia-based Crown Resorts, and Wynn Resorts, all three as potential acquisition targets for the […]
Legal May 9, 2020
The Seminole Tribe Holds the Key to Florida Sports Betting Legalization
Florida is one of the states that is yet to legalize sports betting, having made several unsuccessful legislative attempts so far. Witnessing how other states have cashed in on sports books may turn out to be the lure the state cannot refuse, especially during these times when its tax receipt from gambling is expected to […]
Casino May 8, 2020
Penn National Q1 Revenue Impacted by Closures, iGaming Gathering Pace
Penn National Gaming issued its first quarter financial results, painting a clear picture of how the health crisis that started in mid-March, due to the wide implementation of the social distancing measures across the states, had taken the wind out of its sails revenue-wise. The Pennsylvania-based gaming operator with strong presence across all gambling verticals […]
Casino May 7, 2020
Wynn Resorts Revenues Materially Impacted by Casino Closures
Wynn Resorts issued today its first quarter financial results, posting 42.3% drop in operating revenues, due to the closure of its properties, in February in Macau, and from mid-March in the USA. Revenue Impact Material First quarter revenue for the company fell to $953.7 million, from $1.65 billion for Q1 2019, nearly $700 million less, […]
Legal May 6, 2020
FSB Agreed to £634,300 Settlement with the Gambling Commission
The gambling industry in the UK received yet another warning from the Gambling Commission, this time that if they do not carefully manage third party operations they are responsible for, they will face regulatory action. And the warning, as it is the common case recently, did not come cheap to the perpetrator, FSB Technology, which […]
Legal May 5, 2020
NJTHA: Major Sports Leagues Are on the Hook for $150M
The New Jersey Thoroughbred Horsemen’s Association /NJTHA/ is convinced it is entitled to every last cent they require from the major sports leagues and the NCAA in its ongoing legal battle to recuperate losses dating back to 2014. It is either up to the Supreme Court, if it decides to hear leagues’ arguments, or to […]
Business May 4, 2020
Kiron Signs Content Deal with Microgame for the Italian Market
Sport content company Kiron Interactive has further strengthened its position on the Italian market with the partnership deal it has signed with leading gaming service provider Microgame. The new strategic alliance will allow the virtual game producer company to roll out most of its content on the platform of one of the leading betting services […]