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!

LV Construction Projects Are Halted Due to Covid-19

Las Vegas is beginning to shut down due to the quick spread of the new coronavirus. Casinos around the city are now closing and tourism is at an all-time low. Unfortunately, many LV construction projects are being postponed due to Covid-19, as well.

The Drew Las Vegas

This includes the Drew Las Vegas, a major hotel-casino being constructed on the Strip. Today, we’re going to talk about how this virus is affecting the city. We’ll also look at some of the major projects now being delayed here.

Let’s get into it!

All Las Vegas Casinos Have Been Forced to Close

Las Vegas is one of the world’s gambling hubs. In this city, many of the biggest and best casino-resorts are operating. For the past few years, this city has seen a major increase in revenue from its gambling industry.

Things have taken a massive turn over the past few weeks, though. Back in January, the first case of Covid-19 emerged in the United States. This coronavirus has quickly spread around the entire country.

This virus has now infected individuals across 50 different states. According to recent reports, more than 11,000 people in the US have already tested positive. Hundreds of people have been killed and the country’s hospital system may soon go under extreme strain.

States around the country are setting new regulations. Just days ago, news broke that all casinos and restaurants in the state were closing down. Carolyn Goodman, the mayor of Las Vegas, is attempting to downplay the seriousness of the virus and wants to see the city’s establishments back up and running soon.

It’s unclear what effect this casino shutdown will have on Las Vegas. It’s likely costing many casino companies millions of dollars every single month. New reports are coming out that many major construction projects are being forced to shut down.

LV Construction Projects Are Being Postponed

Daily life in Las Vegas has changed dramatically over the past couple of weeks. The Las Vegas Strip is almost deserted and it’s unclear when the state’s gambling industry will be able to begin functioning again. There are several major LV construction projects taking place right now, yet the coronavirus has forced them to get postponed.

The Drew Las Vegas is a major new hotel-casino being built on the northern end of the Las Vegas Strip. This hotel was first constructed in 2007 as the Fontainebleau Hotel-Casino. Eventually, the venue went under bankruptcy and was purchased by Carl Icahn.

Icahn then sold the hotel to the Witkoff Group and New Valley LLC for $600 million. These groups formed a plan to rename and reconstruct the property as The Drew Hotel & Casino. For months, workers have been undergoing renovation on this property.

Unfortunately, it appears that construction here is coming to an end. Steve Witkoff, owner of this property, released a statement to the media about the situation.

“The landscape is constantly changing, and we will continue to work closely with all involved to ensure a swiftly recommencement of the work when it’s appropriate to do so,” he said. 

Several other projects are likely to be canceled soon, as well. This includes the MSG Sphere, which is expected to be one of the best new entertainment venues in the city. Not every single project is stopping here, though.

Construction on Resorts World Las Vegas Set to Continue

As we’ve already mentioned, there are a huge number of major projects being constructed in Las Vegas right now. The biggest is likely Resorts World, a massive new casino-resort also being built in the north area of the Strip. It’s the most expensive hotel and gaming venue ever built in the city.

As more LV construction projects begin shutting down, many expect to see Resorts World follow suit. This doesn’t appear to be the case, though. Scott Sibella, president of this casino-resort, has told the media that project developers “do have plans to continue construction.”

Eventually, state lawmakers may force these construction projects to close down. These are unprecedented times and no one knows what to expect for the future. Some health experts predict the situation will continue for months.

Officials in Las Vegas are already feeling the impact of this virus. The city is seeing its lowest tourism rates ever. Some worry that the casino operators here face bankruptcy if nothing changes.

Things are changing fast, though. Government officials are working hard to fast-track a vaccine. Hopefully, things begin to improve before too long.

Several LV construction projects are being put on hold. Stay tuned for more updates on this situation over the next few months!

Florida’s Casino Industry is Still Up and Running

As Covid-19 spreads all around the world, more states are forcing their casinos to close down. For now, lawmakers in Florida are not setting these regulations. Florida’s casino industry is still up and running, despite more cases of the coronavirus popping up.Florida

Exactly how long these gambling venues will be able to keep operating is unknown. Florida’s state government may soon force these casinos to shut down. Let’s take a look at what exactly is happening here.

More Cases of Covid-19 Are Being Reported in Florida

The new coronavirus has now officially infected individuals in all 50 US states. Infection rates are beginning to skyrocket and many fear that our healthcare system will soon be put under intense strain. As time goes on, more cases of Covid-19 are beginning to emerge in Florida.

More than 280 Florida residents have tested positive for the virus. Many believe the true number is considerably higher, though. Just hours ago, news broke that the first death from the coronavirus in Northeast Florida has taken place.

Lawmakers in the state are taking a more lenient approach than many others, though. For reasons unknown, Florida is still allowing major beaches to stay open to the public. Bans on large public gatherings have not been announced here.

Every hour, it seems like more cases are emerging in this state. This is likely to continue for the next few weeks. Unless significant changes are made, Florida will continue to experience a major surge in Covid-19 cases.

Florida’s casino industry has seen its fair share of problems, yet it continues to operate. Here’s how gambling venues here are responding to the situation.

Florida’s Casino Industry Continues to Operate

Florida is home to many casinos. Some are racinos, and others are major Class III venues owned and operated by Native American tribes. The Seminole Tribe, which owns Hard Rock International, controls several major casinos in the state.

One of the biggest is the Seminole Casino Hotel. This massive venue, located in Immokalee, draws in many visitors from around the state. Not long ago, however, a man who visited this venue ended up passing away from Covid-19.

That isn’t stopping this property from operating. The Seminole Casino Hotel is continuing to run its operations. In fact, most of Florida’s casino industry is continuing to run as if nothing unusual is happening.

Not every casino is taking this approach, though. This week, two South Florida casinos announced they were officially closing their doors to the public. The Casino at Dania Beach and the Big Easy Casino have voluntarily closed their doors.

It seems very likely that the state will shut these venues down. Infection rates in Florida continue to increase. Soon, lawmakers here will have no other option than to close down all gambling establishments.

More States Are Forcing Casinos to Close

At the moment, Florida’s casino industry is continuing to operate. Many other states are taking a different approach. Casinos around the country are now being forced to shut down.

This includes Las Vegas. Yesterday, Nevada Governor Steve Sisolak announced that all casinos in the state are now being shut down. This is devastating to Las Vegas, which relies heavily on its gambling industry for revenue.

New York has also closed down its casino industry. Most of the gaming venues here are in Upstate New York. Governor Cuomo is not announcing when these casinos will be allowed to resume operations.

Online gambling is growing more popular every day in the US. Even Florida casino sites are growing extremely popular. Many of these websites offer even more gambling options than the top land-based casinos in the state.

Florida’s casino industry is still up and running. Don’t expect this to last for much longer, though. Soon, online casino gambling will be the only option available here.

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

Governor Sisolak Announces New Coronavirus Measures

More cases of Covid-19 are beginning to appear in Clark County. As a result, the state lawmakers are beginning to introduce some heavy new regulations in the state. This week, Governor Sisolak announced a new set of measures that will significantly impact Las Vegas.Las Vegas Street View

Today, we’re going to talk about what exactly is changing here. We’ll also take a look at some of the recent cases in and around Clark County.

Let’s get into it!

Seven New Coronavirus Cases Emerge in Clark County

As Covid-19 began spreading around the US, many felt it was just a matter of time until Las Vegas was hit. It’s one of the most-visited cities in the country and draws in a huge number of individuals into fairly small areas. By early March, the first reports of the new virus in Clark County were beginning to emerge.

It was concerning, yet not entirely surprising news. As the weeks progressed, this area seemed to avoid any major outbreaks. Now, however, it looks like things are beginning to change.

Seven new cases of the coronavirus have just emerged in Clark County. The Southern Nevada Health District has officially recorded 35 new cases on Monday. One man in his 60s died due to complications from the coronavirus.

Jennifer Sizemore, a spokesperson for the SNHD, released a statement asking for help from laboratories.

“We are asking health care providers to send their specimens to private laboratories for testing,” she said. “Our laboratory is testing specimens related to contact investigations and for health care providers to assist with patient discharge.”

Things are just getting started here, as well. It’s likely that many more cases will emerge here over the next few months.

Governor Sisolak Announces Major Regulations for Nevada

The city of Las Vegas is having a tough time right now. Many of the biggest casino-resorts have closed here. Interestingly, many restaurants and hotels have still been able to stay open here.

That is now changing. This week, Governor Sisolak officially announced that all restaurants and casinos were being forced to close. He announced the measures in a news conference to the media.

“Today it’s clear additional steps must be taken immediately in order to slow the spread of this deadly virus in our state,” he said. “We absolutely must take this step for every Nevadan’s health and safety. Please, please take this seriously. “Please stay home for Nevada.”

It seemed like just a matter of time until these measures were announced. Carolyn Goodman, the mayor of Las Vegas, expressed her concerns in an official statement.

“My hope is that private industry rises to the top, that they’re allowed to stay open and take care of these families that are paycheck to paycheck,” Goodman said. 

After the announcement from Governor Sisolak, all casinos in Las Vegas are being forced to shut down.

The Las Vegas Gambling Industry is in Trouble

Las Vegas is known as the gambling hub of the United States. Here, a huge number of world-class hotels and casinos are operating. Unfortunately, these are all now being forced to close their doors to the public.

MGM Resorts and Wynn Resorts already announced they were shutting down all of their properties on the Las Vegas Strip. Not every casino planned to take these measures, though. Treasure Island announced it was remaining open to the public.

With all casinos now closing down, the state will see a major reduction in revenue. Gambling is known to bring the state millions of dollars every single month. The inability to gamble will also lead to an even bigger decrease in tourism here.

Because all land-based casinos are closing, many are now choosing to play at Nevada casino sites. There are many of these websites now available, most of which provide a huge number of fantastic casino gambling options. Most offer quick, safe payment options, as well.

It’s still unclear when Nevada’s land-based casinos will be able to open again. It will likely depend on how long infection rates continue to increase for.

After the announcement from Governor Sisolak, Nevada is shutting down many of its properties. Hopefully, the state’s major gambling operators are able to get past this tough situation.

US Casino Companies Ask Congress for Financial Help

The land-based gambling industry in the United States is in trouble. As the new coronavirus spreads around the country, more casinos are being forced to close down. As a result, several major US casino companies are now asking Congress for emergency aid.L’Auberge Casino

These companies are facing a very difficult road. It may be months before they’re able to open their doors to the public again. Today, we’re going to look at which states have forced casinos to close and how this industry is handling the new regulations.

Gambling Industry Continues to Be Hit With Tough Regulations

As of now, more than 5,300 individuals in the United States have tested positive for Covid-19. This virus is showing a unique ability to spread and containment efforts around the country are proving ineffective. As more cases are revealed, states are introducing tougher regulations.

One industry that’s being severely affected is the land-based gambling industry. In many states, lawmakers have forced all casinos to shut their doors. This includes Mississippi, New York, and New Jersey.

Obviously, this is costing these casinos a huge amount of money every single day. The troubling thing is that gaming companies have no clue when their venues will be able to open again. Unless infection rates begin to plummet, it’s unlikely they will be able to accept patrons.

Based on the current trend, that’s unlikely to happen anytime soon. The lack of proper testing protocols in the country has contributed to a huge number of cases going unreported. No one really knows how many people in the US currently have Covid-19.

It’s an unprecedented time for US casino companies. Some are now going to the government in search of emergency relief.

US Casino Companies Request Help From Congress

In many parts of the country, the land-based gambling industry is hugely important. Las Vegas, for example, relies considerably on its gambling revenue. In this city, tourism is at an all-time low and most major casino-resorts have already closed their doors.

Many companies are already suffering greatly from these casino closures. Today, several began asking for emergency aid from Congress. The American Gaming Association claims that nearly 40% of casino employees are already being affected by the coronavirus regulations.

This comprehensive package would most likely come in the form of a bailout for major casino operators. It would be similar to what the government has offered to airlines and cruise companies. Several other relief options are also being considered.

The American Gaming Association commented on the situation in an official statement this week.

“As state governments close casinos as a part of the urgent public health response to COVID-19, elected leaders should move just as urgently to support the workers and businesses who will bear the brunt of those effects,” the statement said. “Our immediate priorities are actions that provide liquidity to allow us to support employees.”  

The US gambling industry currently supports nearly 2 million individuals. Obviously, this makes it an extremely important industry for many parts of the country. We’ll need to wait and see how Congress responds to this request over the next few days.

What to Expect in the Coming Months

Even the top health experts in the country are having a difficult time predicting how this situation will play out. The future depends greatly on how individuals across the country respond to the situation. Just about everyone understands that things will get worse before they get better, though.

Many more cases are going to be announced in the coming weeks. The country’s top health expert believes we may see the infection peak around 45 days from now. During this time, it’s unlikely that casinos will be able to operate.

Some states have yet to close their casino markets. It’s still unclear how these US casino companies will respond to these new regulations.

Interestingly, we’re seeing a major increase in online gambling right now. More and more individuals are choosing to stay at home to practice social distancing. Many are choosing to make wagers online while self-isolating.

There are a huge number of fantastic US internet casinos available nowadays. Most of them are fantastic. Feel free to check some of them out and see all of the different games being offered!

It’s a tough time for US casino companies right now. Hopefully, the government is able to help out. Stay tuned for updates over the next few weeks!

Treasure Island Las Vegas Remains Open Right Now

As Covid-19 spreads around the world, more cities are being forced to shut down. More cases are beginning to emerge in Clark County and as a result, many Las Vegas casino-resorts are closing their doors. Treasure Island Las Vegas is one of the few major properties on the Strip to stay open.Treasure Island Hotel & Casino

Despite extremely low tourism rates, this venue has decided to keep its doors open. Today, we’re going to look at why exactly this is.

Let’s get into it!

Coronavirus Forces Las Vegas Strip Properties to Close

The first case of Covid-19 was reported in late January. For the next four weeks, infection rates in the country remained relatively low. Towards the end of February, however, we began seeing a sharp rise in the number of infected individuals here.

According to recent reports, more than 5,200 individuals in the US have tested positive for Covid-19. Unfortunately, our ability to test in large numbers is still not available. For that reason, a huge number of individuals believe that the real number of people with this virus is significantly higher.

The first case of the coronavirus in Clark County emerged in early March. Since that time, more than 35 different cases have been confirmed here. Las Vegas city officials have major concerns about this spreading further.

Recently, most of the major hotel-casinos on the Las Vegas Strip began closing their doors. This includes all of Wynn Resorts’ and MGM Resorts International’s properties. This was a major decision that’s costing these companies a significant amount of money every single day.

This doesn’t mean the Strip is completely dead, though. One major casino-resort here has decided to keep things moving. Is this a smart decision?

Treasure Island Las Vegas is Staying Open, For Now

The Las Vegas Strip is home to many of the biggest and best casino-resorts in the world. At the moment, though, most of these venues are currently closed down to the public. Treasure Island, located in the northern area of the Strip, is one of the only properties here that’s decided to stay open.

Owners of this venue released a statement on the situation to the media yesterday.

“We have increased our frequency of disinfecting our surfaces, including all hand contact surfaces and slot machines and table games. We encourage our guests and employees to actively utilize our hand-sanitizing stations which are located in our food outlets as well as other high-trafficked locations on property, including back of house. All of our public restrooms are equipped with touch free faucets, soap dispensers, paper towel dispensers and hand blowers,” the statement said. 

This may not last forever, though. It’s very likely that officials in Nevada will soon prohibit these properties from remaining open to the public. The company recognizes this, claiming that some operations “may be affected by situations beyond our control.”

Tourism into Las Vegas is the lowest it’s been in decades. This is unlikely to change anytime soon. More major casino companies are being forced to take new measures while this situation unfolds.

US Land-Based Gambling Industry is Struggling

Over the past few years, the land-based casino industry in the US has been to surge. Many states around the country recently decided to open their casino industries. This includes Illinois and New York, where several new casinos are expected to open up soon.

This industry is now in danger, though. The spread of Covid-19 has led to many states shutting down all of their casinos. Lawmakers in Mississippi, for example, recently announced that all land-based casinos must close their doors to the public for weeks.

Many experts believe we’re just beginning to see the effects of this new coronavirus. It may take months before the situation reaches its peak. This isn’t great news for companies that operate brick and mortar casinos.

Interestingly, we’re seeing a huge increase in online casino gambling right now. As more casinos close down, people are beginning to play their favorite games online. This includes residents in Nevada.

There are a huge number of fantastic Nevada casino sites operating right now. Many of them offer just as many gambling options as the top land-based casinos in the state. Feel free to check them out today!

Treasure Island Las Vegas is remaining open right now. Exactly how long this will last is still unknown. Stay tuned for more Las Vegas casino updates over the next few days!

All Mississippi Casinos Close Due to Coronavirus Fears

Mississippi is the newest state to introduce additional regulations for land-based casinos. Soon, all of the state’s gambling venues are closing their doors to the public. It’s tough news for casino operators here, many of whom contribute massively to the state economy.Mississippi State Seal

It’s not entirely surprising. Casinos all around the country are being forced to shut down. In some areas, bars and restaurants are closing, as well. Today, we’re going to discuss how these new casino rules will affect Mississippi.

States Continue to Set Regulations For Covid-19

In just a few days, the rates of Covid-19 have skyrocketed in the United States. Due to a lack of testing options, it’s likely that the true number of infected individuals is considerably higher. There’s really no way of knowing, which has led to the virus’ spread around the country.

Over the past 24 hours, a huge number of new regulations have been set in place. California, in particular, is announcing some of the heaviest restrictions. In the San Francisco Bay Area, individuals are now required by law to stay in their homes.

Nevada is also being hit hard. Recently, all major casino resorts were forced to close here. It’s devastating to the state’s economy, which relies heavily on tourism and gambling.

New York is also taking strict measures. Here, all schools have been officially shut down. Governor Cuomo has also required all of the state’s casinos to shut down.

Every few minutes, new regulations are being announced. Several measures are also being considered by the federal government. This includes a ban on domestic travel and closing the north and south borders. We’ll need to wait and see how things escalate over the next few days.

Mississippi Casinos Are Closing to the Public This Week

Mississippi is known for having a large and successful casino industry. All of the state’s gambling venues are located on the coast. Today, news broke that all of the state’s gaming venues are officially being closed down.

The Mississippi Gaming Commission has ordered all casinos in the state to shut down. It’s still unclear when these venues will open back up.

Bill Hornbuckle, MGM Chief Operating Officer and President, spoke to the media about the situation earlier today.

“We will work to mitigate the impact this will have on our employees, partners and communities,” he said. “We will continue monitoring the situation and announce plans for reopening when appropriate.”

Mississippi is now one of many states to officially close down all casinos. The entire US land-based gambling industry is taking a serious hit. Unsurprisingly, many individuals are now choosing to make their bets online.

Online Gambling Options Available in Mississippi

The casinos in Mississippi are hugely popular with both locals and tourists. Some of these gambling venues are owned by major Las Vegas-based casino companies including MGM Resorts International. The closure of these venues will be devastating for these companies.

Fortunately for gambling fans in this state, there are still a huge number of fantastic Mississippi casino sites operating. One of the most popular is Bovada. This site offers a wide range of fantastic games and safe, easy payment options.

Members of this site can find just about all casino games including blackjack, roulette, and poker. There are also some great sport wagering options available through Bovada. Many sports leagues have been suspended, yet odds on the events still taking place are available!

There are many fantastic online casino options in Mississippi right now. Feel free to check out Bovada today to see all of the games being offered here. It may be months before any land-based Mississippi casinos open again.

This is a tough time around the world. Unfortunately, the situation is likely to get worse before it gets better. Stay tuned for more US casino news over the next few months!

California’s Casinos Begin Shutting Down Due to Covid-19

On January 20th, the United States confirmed its first case of Covid-19, the new coronavirus quickly spreading around the world. Since that time, more than 3,800 people have already been infected in the country with new cases emerging every hour. California’s casinos have begun to shut down and the US land-based gaming industry is now in danger. California

This is a constantly-changing situation. Every state is now setting its own regulations to combat this new virus. Today, we’re going to look at the situation in California, and discuss how casinos here are dealing with it.

Let’s get into it!

US Coronavirus Infections Top 3,800

As Covid-19 began to spread outside of China, it seemed like just a matter of time before it hit the United States. Eventually, it did, and has now spread to just about every single state in the country. New reports claim that more than 3,800 individuals have already been infected.

Most feel that the true figures are significantly higher. Despite what some are saying, the US is not testing nearly enough individuals. Based on the current trends, we are on a similar path as Italy, which now has a health care system on the brink of collapse.

The US has already banned all travel from European nations in the Schengen Zone. Airports are dealing with massive lines of Americans trying to reenter the country. It’s beginning to look like both the north and south borders of the country are going to be closed off in the coming days.

States have begun taking things into their own hands, as well. Many have decided to close down all schools. Others have shut down bars and restaurants.

More regulations are being announced every couple of hours. This is an unprecedented situation the country finds itself in no one seems to know the best course of action. As many predicted, the country’s land-based casino industry is already taking a major hit.

California’s Casinos Are Now Closing Their Doors to the Public

Officials in California are already taking strict measures to prevent further infection spread. Many feel this is too late. On Sunday, it was announced that all bars and nightclubs in the state were being forced to close down. Restaurants were lowering their capacity by 50%.

Some began expressing concern about the state’s gambling industry. California is home to a huge number of land-based gambling venues. California’s casinos help to bring the state millions of dollars in revenue every single month.

Unfortunately, many of these venues are now being forced to close down. Cache Creek Casino Resort has announced that it’s closing its doors due to concerns about Covid-19. Anthony Roberts, Tribal Chairman of the casino, spoke to the media about this situation.

“We are in unprecedented times, and our first priority must be to ensure the safety of our tribal citizens, guests, employees, and the communities we serve,” he said. 

The casino also released an official statement that talks about the plans for the future.

“As we navigate this uncertain situation, we will continue to seek guidance from the Yolo County Public Health Department and the California Department of Public Health,” the statement read. 

More of California’s casinos are expected to close their doors in the coming weeks. The state government may take New York’s strategy and force all gambling venues to shut down.

All Las Vegas Casino Resorts Are Closing Down

Las Vegas is experiencing some major issues right now. It’s no secret that the state relies heavily on its tourism and gambling industry. Unfortunately, most of the major casino-resorts on the Las Vegas Strip are officially closing to the public.

Several cases of Covid-19 have now been confirmed in Las Vegas. Tourism into the city is at an all-time low. There was no other choice than to close down the resorts here.

Wynn Resorts first announced it was closing down its Las Vegas Strip venues. Fortunately, employees will continue to be paid. MGM Resorts International followed suit and is now closing its casino-resorts on the Strip.

It’s devastating news for the city. No one really knows how the drop in tourism and gambling revenue will affect Las Vegas. Hope is that these properties are able to open to the public once again before too long.

California’s casinos are shutting down. In time, the whole state may enter a lockdown. Make sure to stay tuned for updates on the situation over the next few days.

All Illinois Casinos Close Due to Coronavirus Concerns

For months, lawmakers in Illinois have been working to expand the state’s gambling industry. This includes opening several new casinos in different areas of the state. Unfortunately, all Illinois casinos are closing due to concerns about the rapidly-spreading coronavirus.Illinois Symbol

This isn’t a total surprise. Many states may soon begin implementing similar measures. Today, we’re going to discuss the current plans and look at how this may affect the state’s gambling industry in the long run.

Let’s get into it!

Illinois’ Plans to Expand its Gambling Industry

Gambling has taken place in Illinois for over a century. For a time, however, lawmakers in the state worked to ban many traditional forms of gambling. Laws were eventually changed and the state began allowing casinos to open up in 1991.

Today, there are 10 different casinos here. Some are more popular than others, yet they all help to bring the state valuable revenue. Back in June, lawmakers announced they were planning to expand the state’s gambling industry.

That month, state officials approved a new capital plan that allows for six new casinos to open. The goal of this plan is to earn more revenue from the gaming industry. It even allows for one major casino-resort to open in Chicago.

Opening a casino in Chicago has proven to be more difficult than many expected, though. Lawmakers set an unusually high tax rate on this proposed gambling venue. As a result, no companies are bidding to operate the Chicago casino.

Hope was that some of the first new casinos would begin operating sometime this year. Based on the way things are moving, that may no longer be the case.

State Officials Announce that Illinois Casinos Are Set to Close

It’s clear that Illinois is beginning to truly embrace its gaming market. It was beginning to look like this may become one of the country’s next major gambling hubs. Unfortunately, the coronavirus is forcing all casinos here to close their doors.

Covid-19, the coronavirus originally found in Wuhan, has now spread to more than 125 countries and has infected at least 150,000 individuals. Most believe that the true number is considerably higher. Many more cases are beginning to appear in the United States, despite heavy quarantine efforts.

All Illinois casinos will be forced to close down on Monday for a period of 14 days. The Illinois Gaming Board released a statement on the situation to the media this week.

“The public health of patrons, casino employees, IGB staff, and others is of paramount importance,” the statement said. “The board is continuously monitoring developments and will update licensees and the public as frequently as possible.”

Whether or not this casino closure will be extended after 14 days is not entirely known. The decision will largely depend on whether or not more cases continue to appear in the state.

Sports Betting Options in Illinois Also Delayed

It’s tough to see Illinois casinos forced to close their doors. This will have a serious effect on their revenue earnings for the year. It’s also disappointing for sports fans, as the state’s first sportsbooks have just opened up.

This decision makes sense, though. Casinos are easy places for a virus to spread. A casino in Oregon was recently forced to close its doors due to an employee testing positive for Covid-19.

Illinois’ sportsbooks were expected to bring the state a huge amount of revenue. The state is known for having one of the most passionate sporting fan bases in the country. Due to the casinos closing, the ability to bet on sports here will now be delayed once again.

Of course, online sports betting was made legal in Illinois, as well. As of now, however, no state-regulated sports betting sites have begun operating here. Perhaps this will change over the next few weeks.

The coronavirus is already having a serious impact on the US gambling industry. It’s reasonable to assume that more casinos will eventually be forced to shut down. Stay tuned for updates over the next few months!

Cases of the Coronavirus in Casinos Are Appearing

Covid-19, the novel coronavirus that’s become a global pandemic, continues to spread around the United States. It’s likely that several thousand individuals are now infected in the country, yet exact rates are completely unknown. This week, more cases of the coronavirus in casinos are beginning to appear.Encore Boston Harbor Hotel-Casino

The gambling industry is already taking a major hit. Additional cases aren’t helping to make things any better. Today, we’re going to discuss the way this new virus continues to affect the world.

Let’s get into it!

More Covid-19 Cases Confirmed Around the US

In early March, very few cases of the novel coronavirus had been confirmed in the United States. Less than two weeks later, we now have at least 1,200 cases and likely many thousands more that have not been confirmed. Every day, more states announced additional cases.

Today, for example, Kansas and Georgia announced their first deaths from the virus. Alaska revealed its first case. Nevada has cases already, too. It’s become clear to health officials that early testing efforts in the country failed and we’re now dealing with the consequences. 

Several states are being hit hard. Washington is still considered the worst-affected state with more than 450 cases and 31 deaths. California is also seeing a considerably steep rise in infections.

This will not slow down anytime soon. In fact, health experts now feel the US is on a similar trajectory as Italy. If that’s correct, the country will soon begin seeing its hospitals put under extreme strain.

The sky is not falling, though. If the correct measures are taken, the country will be able to better contain the virus and hopefully, a vaccine is developed to protect the public. For now, we’re having to wait as more infections are reported.

More Cases of the Coronavirus in Casinos Pop Up

In 2013, lawmakers in Massachusetts passed a law to allow Class III casinos to begin operating in the state. Within a few years, MGM Resorts International opened the state’s first casino. A few years after that, Wynn Resorts opened the Encore Boston Harbor in Everett, near Boston.

According to new reports, an individual who spent time in the Encore Boston Harbor has tested positive for the coronavirus. This is exactly what major casino-resort companies had feared. The Massachusetts Gaming Commission has already released a statement about the situation.

“DPH recommends that Encore continue its enhanced sanitization practices.  Additionally, Encore has reported that, out of an abundance of caution, all identified individuals have agreed to self-quarantine measures. Public health authorities have informed the MGC and Encore that, based on their review of the facts, the individual was asymptomatic (not exhibiting symptoms) on March 5.  Consequently, DPH has advised that the risk of exposure to COVID-19 by persons who came into contact with this individual at Encore is minimal.” 

Despite new cases of the coronavirus in casinos within Massachusetts, the state’s gambling industry continues to operate. How much revenue these gambling establishments are earning right now is unknown.

This is a troubling time and more casinos are likely to report cases over the next few weeks. In time, states may decide that it’s time to ban all casinos from allowing the public in.

Future of the US Casino Industry

As you might expect, casinos around the country are already seeing their numbers drop. As more cases of the coronavirus are announced, less individuals are choosing to visit crowded areas such as casinos. Some fear that the entire casino industry here is in danger of failing.

Just days ago, reports surfaced that an individual with the coronavirus had visited The Mirage casino-resort in Las Vegas. The city’s mayor recently claimed that media reports of the virus were significantly damaging the tourism industry here.

That doesn’t mean it’s impossible to play casino games, though. There are still many online casino sites in the US that are operating. These allow you to play games from anywhere with an internet connection.

It seems likely that the US online casino industry may grow over the next couple of months.

This is a very unusual time for the country. The spread of this virus is almost unprecedented and scientists are still trying to learn about its effects.

Time will tell how the news additional cases of the coronavirus will affect the country’s gambling industry. Stay tuned for updates over the next few months!