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Bettors believe a US economic recession is looming because of the coronavirus outbreak. twin river casino d (Image: Brendan McDermid/Reuters)Online political betting exchange PredictIt has a market asking, “Will there be a recession in Trump’s 1st term? ”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. peppermill casino buffet wendover “Yes” shares of the PredictIt recessionblack oak casino hotel 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. lucky tiger casino 60 In the US, the Dow is down to 21,300 as of Thursday afternoon – a more than 26 percent drop. play borgata online casino best online slots real money reddit 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. mychoice casino.com ”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. most popular online poker casino Feb. 12 March 12Las Vegas Sands . 31 . What Is The Best Online Slots Casino Zbzs 69MGM Resorts . 66 .

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81Boyd Gaming . 50 . coushatta casino kinder events 35The seriousness of the 2019 coronavirus has been much debated. Www Golden Palace Casino Com Urrp Older people, including those with chronic diseases such as heart and lung problems and diabetes, are most at risk. boomtown casino new orleans 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 coblack oak casino hotelmpany’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. valley forge casino karaoke ”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 . sam s town casino restaurants

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? fanduel casino slot games President Donald Trump says the pandemic is a health crisis – not an economic one. sycuan casino medical center “This is not a financial crisis. 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 Wednesday night.

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