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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.
Casino
April 10, 2020
Two-Week Casino Closure Cost Native American Tribes $1.5B
Tribal casinos lost more than $1.5 billion in gaming and non-gaming revenues for the first two weeks of the casino closure, claims a report from Meister Economic Consulting. The impact of the widely adopted measures to mitigate and contain the spread of the coronavirus has been felt deeply within the gaming and hospitality industries. Causing […]
Casino
April 9, 2020
Boyd Gaming Trims Costs, Places Nearly 25,000 on Furlough
While reports that the coronavirus is spreading like wildfire in the US are circulating through the media, another casino operator decided it is time to furlough most of its employees. Uncertainty Requires Proactive Approach Las Vegas-based gaming company, Boyd Gaming, announced yesterday additional measures to mitigate the financial impact from the closure of its brick-and-mortar […]
Casino
April 8, 2020
Donaco Implements Measures to Ensure Business Sustainability
Temporary closure of casinos around the world disrupted the core of the gaming industry and forced casino operators to take some unpopular measures to maintain the necessary operability state to be able to resume business the moment the ongoing health crisis resides. One thing is certain, though: burning cash reserves is inevitable. Donaco International, the […]
Casino
April 7, 2020
Nagasaki Prefecture Published Its Kyushu-Nagasaki IR Basic Concept
Despite the ongoing health crisis regarding the outbreak of the coronavirus, Japanese prefecture Nagasaki continues to push forward with its casino integrated resort /IR/ effort. The prefecture published its Kyushu-Nagasaki IR Basic Concept on Monday and informed it was getting closer to selecting its partner from the private sector. The published document explained in details, […]
Legal
April 7, 2020
Singapore to Overhaul National Gambling Regulator for 2021
Singapore’s gambling regulator, the Casino Regulatory Authority (CRA), will be overhauled, combining the functions of multiple branches of land-based and online casino regulation starting in 2021. Gambling Oversight in Singapore Brought Under the Same Roof Singapore will be overhauling its gambling regulations the Ministry of Home Affairs (MHA) has announced, with a planned new Gambling […]
Casino
April 5, 2020
Colorado Regulator Issued 32 New Licenses Ahead of Sports Books Launch Date
The Limited Gaming Control Commission, the sports betting and gaming regulatory body in Colorado, authorized 32 new sports books to operate within the state. Among the newly added companies, there are 8 casino and 6 online operators. Licensing So Far In February, the Colorado regulator approved 7 land-based facilities to start offering sports betting operations. […]
Legal
April 4, 2020
Nevada Regulator Approves Placing Bets on eNASCAR Races
The Nevada Gaming Control Board /NGCB/, the state sports betting and gaming regulator, announced Friday sports books can add the 2020 eNASCAR iRacing Pro Invitational Series to their product offerings, starting with this weekend’s race that would take place on virtual Bristol Motor Speedway. Sports books can now offer wagering on the winner of each […]
Casino
April 3, 2020
Caesars Will Furlough 90%, LVS Will Pay 100% for 2 Months
Caesars Entertainment announced Thursday the closure of their land-based gaming facilities in the US would affect 90% of its staff, employees who would remain employed but placed on furlough for an indefinite period of time. Trim Wage Costs The casino and hospitality operator that has nearly 64,000 employees on a payroll explained it would move […]
Legal
April 2, 2020
Caesars Agreed To £13M Regulatory Settlement For Systemic Failures
The UK Gambling Commission has announced that Caesars Entertainment accepted to pay a mammoth £13 million penalty for systemic failings with regards to social responsibility, money laundering and customer interaction. Three senior members of management have also lost their Personal Management Licenses /PML/ due to the failures that happened between 2016 and 2018. Putting Customer […]
Casino
April 1, 2020
Arkansas, Illinois Extend Casino Closure Amid Worsening Covid-19 Situation
As the coronavirus /Covid-19/ outbreak gathers pace in the US, several states including Arkansas and Illinois have extended casino closure beyond the initial date. In Arkansas, temporary shutdown of land-based gaming facilities will continue throughout April, while in Illinois, the Illinois Gaming Board extended the closure of state casinos to April 8. Arkansas New Date […]