Thousands of Slot Machines in Missouri May Soon Shut Down

Missouri is home to a huge number of slot gambling machines. As Covid-19 continues to spread around the state, lawmakers are beginning to discuss whether or not they should be able to run. According to new reports, thousands of slot machines in Missouri may soon shut down due to concerns about the coronavirus.

Missouri Casinos

Scientists are still learning about this virus. We now know that it can survive for days on a surface, waiting to infect others. Today, we’re going to look at the gambling laws in Missouri, and discuss why lawmakers here are getting rid of the slot gambling machines.

Let’s get into it!

Missouri’s Gambling Laws, Explained

For decades, Missouri had a large and successful casino industry. Unfortunately, things took a turn in the early 1900s when lawmakers decided to officially close all casinos and bingo halls. It wasn’t until 1980 that state officials started to allow bingo gambling once again.

There are now many casinos operating in Missouri right now. Some of these are riverboat casinos. Others are gambling venues based on land. These casinos help to bring the state millions of dollars every single year.

Over the past few years, lawmakers in this state have seen a huge rise in illegal gambling machines. There are now many slot machines in Missouri that are located in gas stations, bars, and restaurants. Eventually, state officials decided to crack down on these machines.

Earlier this month, Senate Bill 566 was introduced to allow state-regulated gaming machines to operate in the state. Lawmakers realize that people are playing through these machines. By regulating them, at least the state is earning money.

There are still a huge number of illegal slots operating in this state, though. This week, officials announced they were interested in cracking down on the rogue slot machines.

Gaming Commission Wants to Crack Down on Slot Machines in Missouri

According to some reports, more than 14,000 illegal slot machines are now operating in Missouri. Many of these gaming machines are located in gas stations. The Missouri Gaming Commission is now claiming that these slots pose a serious health risk.

According to the Commission, these are not being cleaned regularly. In fact, they may be the perfect machines to spread Covid-19. The group is now asking for state and local health departments to shut all of these machines down.

Mike Winter, executive director of the association, released a statement about this to the media.

“Often lined up one right next to the other in gas stations and other establishments, the cleanliness of these illegal and unregulated slot machines is questionable,” he said. “We believe the state should shut down these illegal slot machines, for the safety of our residents.”

This certainly makes sense. Many have overlooked how the unregulated slot machines in Missouri may be helping to spread the coronavirus. With the state’s real casinos now closed, these machines have actually grown more popular.

It’s unclear if the state will grant this request. Infection rates of Covid-19 are beginning to increase in Missouri. If the Gaming Commission can convince the state that these machines are to blame, we’ll see them gone in no time at all.

Online Slot Games Are Available in Missouri

It’s clear that many individuals in Missouri enjoy gambling. The state’s casinos bring in serious every single month. Even the slot machines in Missouri that are operating under the radar are popular with locals.

Soon, these slots may be shut down. Fortunately, there are a huge number of amazing online casinos in Missouri that offer more slots than some of the biggest land-based casinos in the country. Most of them are completely safe.

The popularity of internet casino gambling has increased here for years. Now that the state’s brick-and-mortar casinos are shut down, these online casinos are attracting even more players from around Missouri.

This is a tough time for the entire country. As of today, more than 500 individuals in the state have tested positive for Covid-19. This number is likely to increase drastically over the next few weeks.

No one expects land-based casinos to open up anytime soon. That means online casinos are the only real gambling options available here. Check out some of the sites to see what gambling options are here.

Stay tuned for more Missouri gambling news over the next few weeks!

All Casinos in Massachusetts Are Remaining Closed

The US land-based casino industry remains completely shut down to the spread of Covid-19. Initially, lawmakers in Massachusetts announced that gambling venues would be closed until March 29th. New reports are coming out that indicate all casinos in Massachusetts are remaining closed for considerably longer.Massachusetts State Symbol

No one really knows when the casino industry will open up again. As of now, the United States has the third-most infections in the world. Today, we’re going to talk about how the situation is unfolding.

Let’s get into it!

Nearly 79,000 Covid-19 Cases Have Been Confirmed In the United States

Within just a few weeks, the number of coronavirus in the United States has skyrocketed. According to new reports, more than 79,000 individuals have been officially confirmed to have Covid-19. Some states are experiencing major outbreaks.

New York is currently the epicenter of the United States epidemic. More than 37,000 cases have officially been confirmed in this state. Just today, an additional 4,292 cases have been reported in this state.

Rates in Louisiana are beginning to jump very quickly. At the moment, more than 2,300 cases have been confirmed here. In the past 24 hours, an additional 510 cases were announced. New Orleans, in particular, is facing a major surge in new cases.

Massachusetts is seeing its rates increase, too. By tomorrow, more than 2,000 individuals here are likely to have the virus. State officials here have closed down many businesses to help avoid major infection surges.

The coronavirus has already taken a major toll on the land-based casino industry. It appears that things are not improving anytime soon, too.

Casinos in Massachusetts Will Remain Closed Until At Least April 7th

As we just mentioned, lawmakers in Massachusetts first announced that the state’s casinos would be closed until March 29th. Most felt this shutdown would last for much longer. Infection rates continue to increase and until that changes, casinos are likely to remain completely closed.

This week, the state’s Gaming Commission announced that all casinos in Massachusetts will now stay closed until at least April 7th. This applies to all three of the casinos here, including the MGM Springfield, Encore Boston Harbor, and Plainridge Park Casino. State commissioners unanimously voted to keep these casinos closed.

Gayle Cameron, one of the commissioners who approved these measures, believes these measures are necessary right now.

“It’s a sound plan, following the governor’s order and then evaluating ahead of time so that if there are other necessary arrangements we have to make, we will be prepared to do that,” he said.  

Officials at MGM Springfield also released a statement on the extended closure to the media this week.

“The health and safety of our employees, their families, and the community is our number one concern. As COVID-19 continues to place unprecedented demand on the region, MGM Springfield will remain engaged with the local community to support frontline workers, organizations and residents most impacted.”

Online Casino Gambling is Growing More Popular

Based on the way things are going, the US land-based casino industry will be closed down for months. Infection rates continue to increase around the country. Even Las Vegas, the gambling hub of the United States, has been forced to close down all of its casinos until further notice.

This is taking a serious toll on this city. New reports indicate that these gambling venues are losing millions of dollars a day. Some claim they can only survive a few more months before going bankrupt.

As a result, online casino gambling is growing more popular all around the country. There are now a huge number of fantastic online casinos in Massachusetts. Many of them offer just as many games as the biggest land-based casinos in the state.

These gambling websites are going to continue to get more popular. Most analysts predict that casinos will remain closed until the virus is under control. That seems unlikely to happen anytime soon.

Casinos in Massachusetts are closed right now. It’s unclear how long these venues will be able to survive while shut down. Stay tuned for more updates over the next few months!

US Casino Operators Are Losing Millions Every Day

Casinos in Las Vegas are still shut down and tourism in the city is at an all-time low. Even the country’s top health experts cannot say when this situation will play out. Today, we’re going to discuss how much money different US casino operators are losing as a result of this pandemic.Revenue Drop Picture

The land-based gambling industry is being hit extremely hard right now. Major casino companies have a tough road ahead of them. Here’s what’s happening with this situation right now.

The Las Vegas Shutdown Continues

Our team has covered what’s been happening in Las Vegas for weeks. The city is dealing with an unprecedented situation. Never before have all casinos in Las Vegas been forced to close their doors to the public.

This is all due to the rapid spread of Covid-19, a new coronavirus that first emerged in China. In late January, the virus finally hit the United States. Today, more than 61,000 people have been infected in the US. New York is experiencing a massive surge of cases.

Nevada’s governor forced all casinos in the state to close last week. The mayor of Las Vegas pushed against these regulations. She argues that the city is already suffering greatly due to the huge number of closed businesses.

Governor Sisolak is not changing his stance, though. As a result, all US casino operators have officially shut down. The Las Vegas Strip, home to some of the biggest casino-resorts in the world, is now effectively closed down.

Many companies here are losing a huge amount of revenue due to these regulations. New reports have just been released that show the true impact the coronavirus is having on casino operators in the city.

US Casino Operators Face Bankruptcy Due to Covid-19

Nearly every single casino across the country is now shut down. It’s not much of a surprise to see. State governments realize that casinos are easy places for a virus to spread. As a result, casino companies across the nation are suffering.

This is especially true in Las Vegas. As we mentioned earlier, this city is home to many of the biggest and most profitable casino-resorts in the world. This week,  a report was released by the Macquarie Research that indicated many US casino operators only have a few months before they go bankrupt.

Chad Beynon, a Macquarie Securities gaming analyst, commented on the situation to the media this week.

“U.S. gaming has been one of the hardest hit sectors in the consumer space since the beginning of the crisis,” Beynon said. “The casino shutdown domestically coupled with high debt loads is pushing investors to ask, how long can these balance sheets last in this current environment?”

According to the reports, Boyd Gaming is losing up to $3.2 million every single day. MGM Resorts International is losing $14.4 million per day. Penn National Gaming is seeing losses of $6.4 million every single day.

For some of these companies, this is disastrous. Unless things improve in the next few months, they are at risk of going under. Employees are already suffering. Some of the aforementioned companies only offer one or two weeks of pay while the situation unfolds.

How Long Will This Situation Play Out For?

This is the million-dollar question. Just about everyone has tried to predict how this pandemic will play out for. Most health experts feel it will drag on for months, perhaps until a vaccine is developed. Others feel herd immunity will begin to take place and ultimately kill off the virus.

The President seems determined to get things back on track by Easter. Almost no one expects this to be a reality.

It seems very likely that things will continue to get much worse before they get better. Infection rates are increasing in the US very quickly. Some believe that the country will soon become the epicenter of the pandemic.

This doesn’t mean it will last forever. Eventually, scientists will find an effective way to protect people from Covid-19. The government is investing billions of dollars to streamline this process.

Hopefully, US casino operators are able to withstand this shutdown. The companies in Las Vegas have already asked Congress for help. We’ll need to wait and see how the government is able to protect them.

Stay tuned for more Las Vegas casino news over the next few months!

Macau is an Important City for Las Vegas Casino Companies

The city of Las Vegas is essentially shut down right now. As the coronavirus began taking hold in Nevada, the governor decided to shut down all of the state’s gambling venues. Many analysts now predict that Macau will be an extremely important city for Las Vegas casino companies.Wynn Resorts In Macau

No one really knows when Las Vegas will get back to normal. Covid-19 infection rates continue to increase around the country. Today, we’re going to look at why Macau will prove to be such a valuable location for so many casino operators.

Let’s get into it!

Las Vegas Remains Shut Down Due to Covid-19

Las Vegas is one of the most heavily visited cities in America. People from all over the country flock to Sin City for its entertainment, dining, and gambling options. As the coronavirus began to infect individuals in the US, many felt it was only a matter of time before Las Vegas began taking a hit.

Within just weeks, tourism numbers in the city started to plummet. Several major casinos began announcing they were temporarily closing. Eventually, Governor Sisolak ordered all non-essential businesses in the state, including casinos, to shut down until further notice.

This is proving to be devastating for the Nevada and local Las Vegas economy. It’s well-known that Las Vegas relies on its tourism and gambling industry. A huge number of individuals here are employed in these industries and many have already lost their jobs.

The scary thing is that no one knows when things will get back to normal. Most health experts believe we’re just beginning to see things escalate. It may take months before we reach the peak of infections. Even then, we may see additional infection waves come and go for months afterward.

Las Vegas casino companies have a lot to think about right now. Some may eventually be forced to make tough decisions regarding their properties. Hope is that Macau can help to make up for some of the revenue lost in Las Vegas.

Can Macau Help to Save Las Vegas Casino Companies?

No one disputes the fact that Las Vegas is the gambling hub of the United States. Over in Asia, however, Macau is where all the big players make their bets. This city, technically controlled by Mainland China, is home to a huge number of world-class casinos.

Some of the biggest Las Vegas casino companies operating today run gaming venues in Macau. This includes MGM Resorts International, Wynn Resorts, and Las Vegas Sands. Unfortunately, Macau was recently forced to shut down due to Covid-19, as well.

Over the past few months, infection rates in China and Macau began to drop. Officials in Macau began allowing casinos to open once again. Things are far from normal here, yet it seems like only a matter of time before the casinos in this city are profitable once again.

Some analysts now feel Macau may become extremely important for the big casino operators in Las Vegas. If Nevada continues to keep casinos shut down, the venues in Macau may become these companies’ only real source of revenue.

It’s not going to happen overnight, though. Today, Macau announced a ban on all non-residents from entering the city. Officials here want to ensure that another outbreak does not take place. It’s unclear when this ban will be lifted.

How Will Macau and Las Vegas Fare in the Coming Months?

The entire world is in an unprecedented situation right now. Due to new regulations being set in place, nearly ⅓ of the entire world population is under lockdown. Some equate the measures to what was taking place at the height of World War 2.

A huge number of industries are taking a major hit. Many airline companies are likely to go under. Restaurants around the world are being forced to lay off employees. Even some of the biggest Las Vegas casino companies are concerned about what may happen in the future.

For now, Macau is in a better position than Las Vegas. When casinos closed here, it cost many casino operators millions of dollars a day. Now, things are slowly reopening. If tourism is opened here once again, however, more Covid-19 infections are likely to begin appearing.

The land-based casino industry in Las Vegas may be shut down for many months. Infections in the US are skyrocketing and casinos are unlikely to open here anytime soon.

Hopefully, Las Vegas casino companies can hold out while the coronavirus runs its course. In the meantime, Macau may prove to be the most valuable destination for gambling operators. We’re receiving updates every few hours and things are constantly changing.

Stay tuned for more Las Vegas casino news over the next few months!

AGA Comments on Atlantic City Casino Shutdowns

For the past few years, Atlantic City has once again emerged as one of the gambling hubs of the United States. New Jersey is profiting heavily from the revenue earned from this industry. Unfortunately, the AGA believes new Atlantic City casino shutdowns will take a serious toll on the economy.Sky View Of Atlantic City

It’s an extremely tough time for the land-based casino industry around the United States. No one knows when things will begin to improve, either. Today, we’re going to look at what the AGA is saying to expect.

Let’s get into it!

New Jersey’s Coronavirus Rates Are Increasing

For reasons unknown, the media seems to be reporting that New York and California are the two epicenters of the coronavirus outbreaks in the United States. In reality, though, New Jersey has the second-most infections in the country at 2,844. This trend is increasing and every day hundreds of new cases are reported in this state.

It’s not entirely surprising. New York City is experiencing an incredible surge in cases right now. New Jersey is right next door and is seeing infection rates increase rapidly.

Lawmakers in this state are trying desperately to slow this down. Unfortunately, reports indicate that the state’s testing sites are reaching capacity before even opening to the public. Governor Phil Murphy claims this isn’t a surprise and expects to see many more cases emerge over the next week.

Every state is coming up with new regulations to deal with these issues. Stay-at-home orders are now being seen around the country. Many businesses have been forced to close down, as well. Unfortunately, this is taking a serious toll on the land-based casino industry in many states including Nevada.

The gambling industry in New Jersey is taking a hit, too. Here, all casinos have been forced to close down. Some analysts are now trying to decide how long is too long for these gambling venues to be closed.

Atlantic City Casino Shutdowns Will Result in Major Economic Losses

For a time, it looked as if Atlantic City may emerge as the country’s biggest gambling destination. This city drew in a huge number of gamblers from the East Coast and revenue here continued to increase. As infection rates began to increase in New Jersey, lawmakers finally decided it was time for the state’s casinos to close to the public.

The American Gaming Association has been trying to warn Congress about the impact of these casino closures. This group represents casino owners across the country. It’s been warning about the impact these new regulations will have on cities like Las Vegas, which relies heavily on its casino industry.

This week, the AGA released a statement about the Atlantic City casino shutdowns. According to the group, this will end up affecting millions of people around the state.

“The impact on our employees, their families and communities is staggering, and the implications extend far beyond the casino floor,” said Bill Miller, president and CEO of the AGA. “Gaming is an economic engine, employing millions of local residents, generating community investment through vital tax revenue, and supporting small businesses in communities all across the country.” 

The AGA later went on to claim this will cost New Jersey $1.1 billion in economic losses. This is clearly a tough time for casino operators here. We won’t know the true impact this casino shutdown will cost for at least a few months.

US Online Casino Industry Continues to Surge

Covid-19 isn’t slowing down. Europe remains the epicenter of the pandemic, yet infection rates in the United States have been increasing rapidly. Soon, it’s likely that more cases will be recorded here than any other nation.

Recent reports claim that more than 90% of all land-based casinos in the country are shut down. This includes all of the ones in Las Vegas. The Atlantic City casino shutdowns prove that the land-based gaming industry in this country is hurting.

Many people are now choosing to play through online casino sites in the US. Most of these sites are available in every single state. The majority of them offer more gambling options than the biggest brick-and-mortar casinos in the country, too.

It’s unlikely that normal casinos will open anytime soon. Many major casino companies are now asking for emergency relief from Congress. While these venues are shut down, the online casino industry is growing more popular.

This is a constantly-evolving situation. New updates are being reported every few minutes. Hopefully, health officials are able to put a stop to this pandemic before things become too severe.

Stay tuned for more US casino news over the next few weeks!

Almost All US Casinos Are Now Officially Closed

As of today, more than 38,000 individuals have been infected with Covid-19 in the United States. Several parts of the country are experiencing huge surges in infections including New York and New Jersey. The quick spread of this virus has led to nearly all US casinos closing their doors to the public.Map of the US

It’s clear that the US land-based gambling industry is in trouble. No one can say when casinos in the country can begin operating again. Today, we’re going to look back at when these casinos began to close and discuss when we might see things improve.

Let’s get into it!

Covid-19 Has Now Infected More than 38,000 Americans

As scientists have been claiming for months, the new coronavirus that emerged in China has a unique ability to spread. Infection rates in Europe have been jumping massively. In early March, we began to see rates in the United States start to increase quickly.

At the beginning of the month, less than 100 cases were confirmed in the US. A week later, this number surpassed 1,000. Today, we’re closing in on 40,000 Americans confirmed infected with Covid-19. Unless something changes, we’ll see a million cases in the country within two months.

It’s extremely troubling. Government officials recognize that testing is not where it should be. For this reason, many believe a huge number of people now have the coronavirus but have not been officially diagnosed.

We’re also seeing many choosing now to abide by state regulations. Lawmakers are requesting that people stay at home to practice social distancing. Unfortunately, there are many that are not following these rules.

Many industries are being hit hard, including the land-based gambling industry. Almost all US casinos around the country are now closed down, including ones in Las Vegas. The American Gaming Association is now pointing this out to Congress.

AGA Claims that 90% of US Casinos Are Shut Down

The United States has a large and successful casino industry. Many states allow gambling venues to operate, either tribal-run or commercial. Land-based casinos help to bring many states and cities millions of dollars in revenue every single year.

Unfortunately, the spread of Covid-19 has forced the vast majority of casinos to close down. Obviously, these venues pose a serious danger for quick infection spread. State governments have no other choice than to shut them down.

The AGA claims that 92% of all US casinos are now shut down. That’s 910 land-based casinos all around the country. A spokesperson for the AGA believes that this has already affected more than 642,000 individuals.

Bill Miller, President and CEO of the AGA, gave a statement about this situation to Congress this week.

“The federal government must act swiftly and comprehensively to get America’s hospitality employees, and the small businesses that support them, back to work,” he said. “Gaming employees, their families, and communities are bearing the brunt of this economic standstill and will continue to suffer if Congress and the administration don’t take immediate action.”

Despite the AGA’s request, though, it’s unlikely that anything will change soon. Infection rates continue to rise around the country. Until this changes, US casinos will be forced to remain closed.

Online Casino Gambling Grows More Popular

It’s a very tough time for the US land-based casino industry. In many states, however, online casino gambling is now regulated. In these parts of the country, gambling revenue is still coming in.

Even in states without regulated casino markets, this industry is still growing more popular. There are now a huge number of fantastic online casino sites in the US. Many of them offer more gambling options than the biggest land-based casinos in the country.

Some of these sites offer sports wagering options, as well. Of course, the majority of sports leagues are now shut down around the world, too. These sites will allow their members to bet on other things like Esports and entertainment.

As more casinos stay closed, online casino gambling will grow more popular. Many people still want to place bets and these sites offer the perfect platform to do so.

It remains to be seen how long US casinos will be shut down for. Many major casino companies are now requesting emergency aid from Congress. Unless something is done, many of these companies will go bankrupt.

Stay tuned for more casino news over the next few weeks!

Las Vegas Mayor Wants to See Casinos Reopen

Covid-19 has now spread to nearly 20,000 people in the United States. As more states see their infection rates increase, more regulations are being placed on the casino industry. This week, Carolyn Goodman, the Las Vegas mayor, began asking for the city’s casinos to reopen.Carolyn Goodman

Goodman claims that the city is already hurting due to these closures. Today, we’re going to give an update on the situation and discuss when we may see the casinos in Las Vegas open to the public again.

Let’s get into it!

More States Set Regulations Due to Coronavirus

Covid-19 isn’t slowing down. In fact, infection rates continue to surge in a huge number of countries around the world. It’s an unprecedented situation that even the world’s top scientists are having a difficult time understanding.

There are still many questions surrounding this virus. No one seems to understand all of the different ways that it’s able to spread. Many are also unsure of whether or not individuals are able to become infected after already catching the virus.

What we do know, is that it has an extremely unique ability to spread from person to person. Because of this, Covid-19 has quickly spread around the world. Some nations, such as Italy and Iran, saw their infection rates increase rapidly with no signs of slowing down.

Nearly 20,000 individuals in the United States have now tested positive for the new coronavirus. It’s likely that many more are actually infected. Now, many states have begun closing down their casino industries.

This includes Las Vegas. In this city, all casinos have been forced to close by Governor Sisolak. The city’s mayor now wants this to end.

Las Vegas Mayor Asks for Casinos to Reopen to the Public

It’s not a surprise to see the mayor of Las Vegas pushing to see casinos in the city opened back up. Las Vegas relies heavily on its gambling industry. With the casinos now closed down, tourism in the city is at an all-time low, as well.

Carolyn Goodman, the Las Vegas Mayor who took office in 2011, is now asking for these gambling venues to be opened back up. She gave this opinion during a planned speech to the Las Vegas City Council.

“Our economy depends on tourism and being open for dining, entertainment, gaming, sports,” she said, “I know we, they, cannot survive any total shutdown of the economy … beyond the immediate week or two.” 

Goodman is calling for Governor Sisolak to change the state’s regulations. She argues that Las Vegas may not be able to survive if so many venues are shut down. Sisolak responded to Goodman and it seems he has no plans of opening the state’s casinos anytime soon.

“Your life and the life of your neighbors and family members will always be more valuable to me than the perceived and mistaken economic gain we have by cutting this isolation period short or by waiting one more day to get serious,” Sisolak said. “I am not asking them anymore. I am telling them they must close their doors or they will face the consequences.”

We’ll need to see how the Las Vegas mayor responds to this comment. At this point, most can only wait and see how the government deals with this new pandemic.

Las Vegas City Attorney Will Not Prosecute Businesses Breaking the Law

Under the new regulations by Governor Sisolak, most of the businesses in Las Vegas are being forced to close down. This includes all of the major casino-resorts on the Las Vegas Strip. The closing of these properties is likely costing these casino companies millions of dollars already.

Interestingly, the City Attorney in Las Vegas claims he will not enforce these regulations.

“At this point in time, there is nothing I believe, as the city’s attorney, that we can enforce,” Brad Jerbic said. “We are not going to criminally or civilly charge anyone.” 

It seems that Jerbic understands how difficult these regulations are for businesses to operate. Of course, this directly goes against what the Governor is asking. Other government bodies, such as Code Enforcement Employees, may still report these businesses breaking the regulations set in place.

We’ll need to wait and see how the city manages to cope with these new regulations. Hopefully, venues here are able to safely open to the public sometime in the near future.

Do you agree with the Las Vegas mayor? When will casinos be able to open up? Let us know in the comments section below.

Here’s How US Casino Closures Will Affect the Economy

We’ve been reporting on Covid-19 since it first emerged in China. Over the past three weeks, this virus has begun spreading quickly around the United States. Unfortunately, it now appears that US casino closures will cost the economy more than many realize.Hundred Dollar Bills

Things are changing fast. Casinos around the country are now being forced to close down. Today, we’re going to look at how much money analysts predict the gambling industry will lose.

Let’s get into it!

More Casinos Are Being Forced to Close Their Doors

Never before has a virus impacted the US gambling industry so quickly. In late January, only a few cases of this virus were present in the United States. Today, more than 16,000 individuals in the US have already tested positive.

As Covid-19 spreads, more industries are being devastated. This includes the airline industry, which seems on the brink of collapse. People around the world simply aren’t flying right now and many of these companies claim they will soon go bankrupt.

The gambling industry is also being impacted. Many states have begun forcing all casinos to shut down. This includes Nevada, which recently called on all casinos to shut their doors. It’s tough news for Las Vegas, which relies heavily on its gambling industry.

Some companies are now asking Congress for help. They claim that without emergency aid, it will be impossible to stay afloat. It’s still unclear how Congress will be able to help these companies.

There’s no doubt that land-based casino operators face a difficult time. More parts of the country are making their gambling venues shut down. New reports offer some information about how much money will be lost due to US casino closures.

Analysts Offer Grim Projection Due to US Casino Closures

Everyone knows that the next few months will be tough for land-based casinos. Unless a major breakthrough is made, the tough times could continue for the rest of the year. This week, though, several analysts revealed what will happen due to US casino closures.

According to the American Gaming Association, if all land-based casinos are forced to close their doors for the next eight weeks, it will cost the US economy $21.3 billion. More than $59 billion could be lost in total annual wage losses.

Casey Clark, the AGA’s senior vice president of strategic communications, released a statement to the media about this situation.

“The American Gaming Association, in partnership with our colleagues across the hospitality sector, is engaged with Congressional and administration leadership to shape stimulus and aid packages that will support employees, their families, and our communities through this unprecedented crisis,” he said. 

More than 530,000 casino workers are already out of a job. As more casinos are forced to close, this number will rise.

Analysts also claim that US casino closures will hurt local economies. Many parts of the country, including small cities, need the revenue from casinos. We’ll need to wait and see how casinos tackle these new, unexpected issues.

Online Casino Gambling is Growing More Popular

The US internet casino industry has been growing for years. Of course, many individuals still prefer to make their bets inside land-based venues. Now that nearly all casinos in the country are shutting down, however, the popularity of online casinos is exploding.

Fortunately, there are a huge number of fantastic internet casino sites available today. Many of them offer just as many games as the biggest land-based casinos in Las Vegas. The majority offer quick, safe payment options, as well.

One that we love is Bovada. This site is one of the most popular in the US and is known for its sleek, modern user interface. Bovada also offers a great online sportsbook, with odds on just about every sport still operating.

With that being said, the US sports world is essentially shut down right now. No major leagues are able to operate. Hopefully, that changes within the next month or two.

More US casino closures are announced every single day. The AGA feels this will have a major impact on the country’s economy. Stay tuned for more updates on this story over the next few weeks.

Oklahoma’s Casino Industry is Beginning to Shut Down

Gambling venues are shutting down in another state. Several major casinos in Oklahoma have confirmed the news in statements to the media. Today, we’re going to look at how this will affect Oklahoma’s casino industry in the long run.State Map Of Oklahoma

Lawmakers here have been in a fight with tribes over casinos for months. Now, it appears this legal battle is being put on hold. Here’s what’s happening here.

Covid-19 Update: More than 16,000 Positive Cases in the US

Thousands of new cases of Covid-19 have been officially confirmed in the United States. Testing protocol is beginning to improve and more people around the country are choosing to self-isolate. Some states, unfortunately, continue to see their infection rates increase rapidly.

California continues to take the most intense regulations. Gavin Newsom, California’s Governor has now called on everyone in the state to stay home unless it’s absolutely essential. Even with these measures, Newsom estimates that 56% of the entire state will eventually test positive.

New York is experiencing a major surge in cases, as well. More than 4,500 people here have been confirmed infected. As a result, much of the state is beginning to shut down right now.

Not every state was quick to act, though. Florida’s Governor is facing serious criticism for allowing casinos, public beaches, bars and nightclubs to remain open. Even yesterday, hundreds of people were seen partying together on a Florida beach.

With cases now beginning to emerge in Oklahoma, more casinos here are choosing to close to the public. Here’s how this situation is unfolding.

Oklahoma’s Casino Industry is Closing Down

Oklahoma has one of the largest casino industries in the United States. There are a huge number of Native American-run casinos here that contribute massively to the state government. Unfortunately, many of these venues are being forced to shut down.

Several casinos here have announced they are now closing to help stop the spread of the coronavirus throughout Oklahoma. Lucky Star Casino revealed that it’s temporarily shutting down all six of its Oklahoma venues.

The Cheyenne and Arapaho Tribes claim these properties will be closed to the public starting on Friday morning. As of now, these venues will be closed until April 2nd. Employees of these properties will be paid during this time.

It’s clear that Oklahoma’s casino industry is taking a major hit. Days ago, the WinStar World Casino Resort closed its doors. This property is known for attracting many visitors from Dallas and the surrounding area.

Most of these properties expect to open again within a few weeks. If the virus continues to spread, however, this may not be possible. We’ll need to wait and see how infection rates grow here in the coming days.

How Will This Affect the State’s Legal Fight With Tribes?

It’s interesting to see Oklahoma’s casino industry closing down right now. Many felt this was possible in 2020, yet no one expected it to be due to a global pandemic. Most thought that lawmakers would force these venues to close down due to the fight over gaming licenses.

Oklahoma and tribes agreed to compacts that allowed the tribes to run casinos for 15 years. In January, these compacts expired. The tribes believe that they automatically renew. State officials claim they need to negotiate a new deal in order to receive casino licenses.

Both parties have been fighting in court over these issues. For now, though, the coronavirus is forcing the state’s casinos to shut down.

That doesn’t mean all casino gambling options are leaving, though. There are a huge number of fantastic online casinos in Oklahoma right now. Many of them offer more gambling options than the top land-based casinos in the state.

Oklahoma’s casino industry is closing down, for now. Hopefully, the casino companies here are able to take the financial toll that Covid-19 is having on the economy.

Stay tuned for updates over the next few weeks!

Is this the Right Time to Buy Casino Stock?

The coronavirus continues to take a major toll on the gambling industry. Casinos across the United States are being forced to close down. Interestingly, some now believe that this is the perfect time to buy casino stock.

Paper On Stocks And Shares

Not everyone is interested in investing their money right now. For many, the coronavirus is already taking a major financial toll. Today, we’re going to look at how this virus is affecting casino workers, and discussing why some feel it’s the right time to put money back into this industry.

Let’s get into it!

Casinos Around the US Have Closed

As you probably know, the new coronavirus called Covid-19 has now spread around the entire country. In just a few weeks, it’s known to have infected more than 11,000 individuals. Due to the lack of mass testing available, it’s possible that many more actually have the virus.

Every state is taking its own approach to this virus. Some, like Florida, are taking a relaxed approach, allowing beaches to remain open. Many have condemned lawmakers in the state for not doing enough to stop the spread.

Other states are taking some extreme measures. In the San Francisco Bay Area, thousands of individuals are now legally required to self-quarantine at home. Nevada has officially called for all casinos and restaurants to close to the public.

In fact, many states are now forcing their casinos to shut down. This is proving to be devastating for a huge number of employees. The casino companies themselves are also losing millions of dollars every day due to these new regulations.

Unfortunately, it’s unclear when exactly things may begin to improve. Estimates vary, yet most agree that things will get considerably worse before they get better.

Some Believe Now is the Time to Buy Casino Stock

The US stock market has dropped faster than ever before. Many government officials believe we are now heading into a global recession. Some financial institutions actually claim this is a good time to begin investing money back into the stock market.

As we just mentioned, many casino companies are experiencing incredible drops in their stock prices. For this reason, certain individuals are encouraging people to buy casino stock. Shaun Kelley, a financial analyst, says he’s making this decision based on updated 2021 recession-level earnings outlooks.

“That said, our stocks are already pricing in significant liquidity concerns and we have long been aware of the financial/operational leverage in these companies,” Kelley said. 

Many casino companies with ties to Macau present good investment opportunities, he says. Not everyone agrees, though. Some feel that based on the way things are going, it’s best to avoid making any major investments.

Casino Companies Are Now Asking for Help From Congress

Despite some analyst’s calls to buy casino stock, things are still looking very grim for many of these companies. MGM Resorts International, Wynn Resorts, and Las Vegas Sands have all been forced to close down the majority of their gambling venues. Some are now asking for financial relief from Congress.

Earlier this week, several casino companies officially began requesting emergency aid. The American Gaming Association claims this situation is pushing many companies to the brink of collapse.

The AGA also points out how many individuals are at risk of losing their jobs. As more regulations are made across the country, more jobs inside casinos are likely to be lost.

It’s unclear what steps Congress will take to help these companies. Unless the situation improves quickly, however, it’s almost inevitable that some of these companies will fail.

Some feel this is the right time to buy casino stock. Make sure to stay tuned for updates on this situation over the next few months!