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Bettors believe a US economic recession is looming because of the coronavirus outbreak. (Image: Brendan McDermid/Reuters)Online political betting exchange PredictIt has a market asking, “Will there be a recession in Trump’s 1st term? doubledown casino poker games island resort and casino golf ”When the new year began, the Dow Jones Industrial Average and the other major indexes were on a tear. The DJIA index began 2020 valued at 28,868. “Yes” shares of the PredictIt recessionfree slots uk no deposit question were trading at just 19 cents. when will thunder valley casino open back up Does The Wynn Las Vegas Have A Golf Course Fast-forward a little more than two months, with a deadly coronavirus sweeping the planet, and global economies are plummeting. In the US, the Dow is down to 21,300 as of Thursday afternoon – a more than 26 percent drop. As a result, those “Yes” PredictIt shares have gone in just the opposite direction – currently trading around 70 cents.

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PredictIt defines an economic recession as the Bureau of Economic Analysis reporting “at least two consecutive quarters with a negative annual growth rate in real gross domestic product. Is Firekeepers Casino Open Now Aerv ”Casinos Losing BetsThe gaming industry of course relies heavily on tourism, meaning the travel restrictions in Macau, and now the US banning all foreigners from European countries accessing the country, means revenues will fall drastically. Shares of major US-based casino operators have taken a beating over the last month. Casino 4 U Kzci Feb. 12 March 12Las Vegas Sands . 31 . 4 kings slots casino no deposit bonus codes 69MGM Resorts . 66 .

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81Boyd Gaming . viejas casino ice skating 50 . aliante casino thursday gift 35The seriousness of the 2019 coronavirus has been much debated. borgata casino in las vegas Older people, including those with chronic diseases such as heart and lung problems and diabetes, are most at risk. jamul casino jive lounge schedule wild horse pab casino winners But many doctors and health officials say the coronavirus in healthy adults presents symptoms that are no more serious than the seasonal flu. During his cofree slots uk no depositmpany’s fourth-quarter earnings conference call back in late January, Sands billionaire CEO Sheldon Adelson, who himself is battling non-Hodgkin’s lymphoma, called the coronavirus “unique and serious. ”However, Sands President and COO Robert Goldstein countered, “We don’t anticipate any slowdown as a result of the virus. ”The gaming industry crash will not allow Eldorado to fold on its .

3 billion acquisition of Caesars, as the takeover has a clause that says the regional casino operator cannot use “public health emergencies” to get out of the merger. But Economy Strong? President Donald Trump says the pandemic is a health crisis – not an economic one. wild casino free no deposit bonus “This is not a financial crisis. caesar casino and sportsbook This is just a temporary moment of time that we will overcome together as a nation,” Trump said during his Oval Office address to the nation