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”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 recessionmorongo casino reddit question were trading at just 19 cents. 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. 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. ”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. sycuan casino fire department Shares of major US-based casino operators have taken a beating over the last month. 8 casino parade point cook Feb.

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